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See the live Ontology price UK. Buy Ontology in the UK or add it to your Crypto Strategy.

Ontology

ONT

ONT to GBP Price

£0.1674

Ontology Market Cap

£151.6M

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ONT GBP price chart / performance

ONT GBP price chart / performance

From
Jun 15, 2024
To
Jun 22, 2024
Past performanceis not indicative of future results. GBP (£) currency fluctuations can cause returns to go up or down. Returns shown are before fees.See feesandasset data disclosurefor more details.

Returns

Returns

Return (24h)
+0.12%
Return (7D)
-10.68%
Return (1M)
-33.01%
Return (1Y)
N/A

My Investment

My Investment

Profit Taken
£0.00
0.00%
You Have:
Unrealised P/L
£0.00
0.00%

Ontology (ONT) History and Overview

Ontology (ONT) History and Overview

Ontology is a proof-of-stake blockchain network created by the China-based company OnChain. It is designed to provide a high-performance, private blockchain solution to enterprises looking to leverage the benefits of blockchain technology without the extensive need for blockchain expertise. Ontology’s main aim is to facilitate a broad range of business applications by providing distributed trust, identity verification, data exchange, and authorization solutions within a highly adaptable framework.

Building Trust through Distributed Networks

Ontology specializes in creating a seamless peer-to-peer trust network that can be customized to fit various business models, applications, and devices, thus ensuring compatibility across different sectors. This flexibility is achieved through the Ontology Chain Group—a hyper-converged collection of distributed ledgers that form the core structure of the trust network. Each chain within the group is tailored to meet the specific needs of different businesses, facilitating entity authentication, identity management, and data exchange protocols.

Dual Token System and Economic Model

Ontology employs a unique dual-token model comprising ONT and ONG. ONT is the staking token used within the network’s Triones consensus system, where participants can stake ONT to set up a node, participate in network governance, and receive rewards from network operations. ONG, akin to gas on networks like Ethereum, is used to facilitate transactions, pay for storage, and cover the costs of smart contract execution and deployment, thereby fueling the day-to-day operations on the Ontology network.

Designed for Business Adoption

Ontology addresses the common hurdles associated with blockchain adoption by businesses, particularly those related to privacy and interoperability. Companies can create their own private blockchain networks using Ontology’s platform, maintaining control over their data while benefiting from the security and transparency of blockchain technology. These private networks are interoperable, allowing for streamlined data and value exchange across different corporate blockchains under the Ontology framework.

Collaborative and Cross-Chain Capabilities

A key feature of Ontology is its ability to integrate with other blockchain networks, such as NEO. This integration is facilitated through cross-chain collaboration agreements that help build a smart contract ecosystem and promote data sharing and system improvements. The strategic alliance with NEO allows Ontology to leverage an established network while providing tailored solutions that cater specifically to business needs.

Ontology for Decentralized Identity and Data Exchange

The ONT ID service is a flagship offering of Ontology, providing a decentralized identity solution that helps businesses manage digital identities with enhanced security and privacy. This service is particularly useful in sectors like healthcare, where sensitive personal data needs to be handled with utmost confidentiality. Furthermore, Ontology’s Decentralized Data Exchange Framework (DDXF) allows for the tokenization of real-world assets, ensuring the integrity and security of data across the blockchain.

The Future Outlook for Ontology

As blockchain technology continues to evolve, Ontology is well-positioned to serve as a bridge between traditional businesses and the burgeoning world of decentralized applications. Its compliance with stringent regulatory frameworks, particularly in China, makes it an attractive option for enterprises looking to enter or expand within the Chinese market. With its robust infrastructure and strategic partnerships, Ontology is poised to play a significant role in the future of enterprise blockchain solutions.

Overall, Ontology's platform offers a comprehensive suite of services that enable businesses to seamlessly integrate blockchain technology into their existing systems, thereby enhancing efficiency, security, and trust without the need for in-depth blockchain expertise.

How To Buy Ontology or Add it to your Strategy

The fastest, most convenient way to purchase Ontology is to purchase it on ICONOMI. We check Ontology live prices on 10+ crypto exchanges and buy it at the best market price.

You can buy Ontology by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.

We recommend you do your own research and cryptocurrency analysis. Experienced crypto traders use fundamental and technical analysis to evaluate if Ontology is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).

If you are unfamiliar with analyzing cryptocurrency prices and want to buy Ontology, we recommend you read the next section, as copying might be a better approach.

Add Ontology to your portfolio by copying a Strategy

If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have Ontology in their structure.

Posts

Here you can read and comment on all posts made by Strategists about Ontology ONT. See all Ontology price predictions in real time and make the best use of their crypto knowledge.

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@ICONOMI
29 Apr, 2024

Forget the old saying that all good things come in threes—we’re bringing you ten! We’ve expanded our offerings with a diverse lineup of new cryptocurrencies, now available for trading strategies on our platform: 



Who’s going to be adding some meme power to their strategies? Let us know in the comments below!!

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Ontology Price FAQ

What Is the Highest Price of Ontology in GBP?

Ontology price UK history shows the highest value of 0.32 GBP . We recorded this price on April 30, 2024, but we cannot exclude that a higher price was registered before April 29, 2024.

What Is the Lowest Price of Ontology in GBP?
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What Is the Current Ontology Price UK in GBP?
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