Ontology

New high-performance public blockchain project &distributed trust collab...

home link https://ont.io/

reference material Whitepaper.pdf

Community

Exchanges that listed the coin
33
Symbol
ONT
Dapp
9
Project introduction

Ontology is a high-performance public blockchain project & a distributed trust collaboration platform. Ontology blockchain framework supports public blockchain systems and is able to customize public blockchains for applications. Ontology also supports collaboration among chain networks with protocol groups.

Executives and partners

Li jun

Founder

Andy Ji

Co-Founder

Hu ning

Senior Protocol Architect

Cong Honglei

Senior Blockchain Expert

Mao Xianping

Dean of the Ontology Research Institute

#Hashed

SEQUOIA CAPITAL

Medium

Game Changer: Ontology Part...

It’s game time! We are thrilled to announce we have partnered with leading blockchain-based games My Crypto Heroes and Brave Frontier Heroes.The collaboration will see Ontology extend its footprint in the gaming industry, with millions of gamers now able to access and play via the ONTO dApp page. In addition, gamers will be able to transfer and trade the NFTs they accumulate from both games on the ONTO wallet. Tradable NFTs include BFH:Sphere, BFH Unit, MyCryptoHeroes:Extension, MyCryptoHeroes, and MyCryptoHeroes:LandSector.In April 2020 Ontology’s official wallet, ONTO began supporting Non-Fungible Tokens (NFT), with a myriad of benefits for smartphone gamers. The integration of NFTs into blockchain-based gaming applications allows players to easily exchange a gacha (or other forms of virtual gaming vending machine upgrades) such as new characters or weapons.Commenting on the partnership, Kengo Masuyama, Producer of My Crypto Heroes said he is thrilled My Crypto Heroes will be listed on the ONTO Wallet: “While the blockchain gaming industry is still in its infancy, we truly believe in the power of blockchain to change ‘Game Economies’, allowing players to turn their passion for gaming into assets with real value”.With 100,000 users, My Crypto Heroes is the number one game in the blockchain gaming industry for daily users. Based on the Ethereum blockchain, My Crypto Heroes is a turn-based battle game where players aim to gather historical heroes, level them up, acquire extensions and aim to be at the top of the Crypto World. The game features quests, weekly tournaments, and a ranked battle system. In addition, My Crypto Heroes has built its own economy, allowing players to turn their gaming fun into assets with real value.Brave Frontier Heroes gives players a crossover experience of the gameplay of Brave Frontier, combined with the economy created by My Crypto Heroes. With more than 16,000 users, having generated over $1million USD in sales revenue, Brave Frontier Heroes have the chance to own Brave Frontier characters (units) and weapons (spheres) as digital assets, secured by blockchain technology.Commenting, Shun Ishikawa, a Producer at Brave Frontier Heroes Development team said, “Brave Frontier Heroes has been downloaded over 38 million times around the world. We are looking forward to collaborating with Ontology to grow the number of gamers who engage and create value from their favorite digital pastime. Many people see gaming as a waste of time and money. However, with blockchain, gamers can earn money while doing what they love. Our collaboration with Ontology brings us a step closer to achieving that vision.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInGame Changer: Ontology Partners With Popular Blockchain Games was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

20. 05. 27

Ontology x OKEx AMA Recap

On May 22nd, Ontology and OKEx hosted an AMA in Ontology’s English Telegram to answer questions from the community following the recent support of ONT/USD and ONT/USDT perpetual swap on OKEx.Segment 1: Collected Questions from TwitterQ1. What are the benefits of ONT Swap Trading? Why is ONT Swap Trading better than other trades? (@M123Aleksey)Alysa: I can say a lot!First, leverage. In contract transactions, users can amplify their income by adjusting leverage. For example, when the ONT price is $1, user A gets a contract worth 10 ONT with a $1 margin and x10 leverage. If the ONT price rises by 10%(from $1 to $1.1 ), the profit of this contract will be 10*1*10%=$1. So user A earns $1 by x10 leverage when the ONT price rises by 10%. It should be noted that when the revenue gets doubled with leverage, the risk also gets doubled. So please use leverage rationally.Second, hedging. Users who hold digital assets can use the futures to achieve hedging, especially when the market is going down. Hedging refers to hedge the fluctuations of the target cryptocurrency price of the contract so as to avoid the risks caused by the fluctuations during this period. That is the customer establishes a reverse contract position, so that the profit and loss generated by the cryptocurrency itself are just opposite to the profit and loss generated by the contract when there is price fluctuation, and the overall profit and loss of the cryptocurrency and contract stays the same.Put it into a scenario. Let’s say the current ONT price is $1, user A holds 10 ONT and expects that the future ONT price will fall, so in order to avoid the loss caused by the decline of ONT, user A sells a contract worth 10 ONT; Supposed that after 1 month, the actual price of ONT drops to $0.8, then the contract revenue will 2.5 ONT, equivalent to $2. The original ONT will lose $2, and user A will breakeven. By establishing the reverse contract position in advance, you can lock your final USD revenue.Q2. What is the competitive advantage of ONT at OKEx? And are there any trading events to welcome the arrival of Ontology? (@TraThoa)Alysa: As you’re willing to attend this AMA, I can ensure you’re one of ONT evangelists OR at least curious about this quality projectONT is a unique top project run by professional specialists in different domains, like Andy — that consider a decentralized network environment that solves key issues of identity security and data integrity as its ultimate goal for usersRegarding ONT’s popularity, technical development and adoption, we have been maintaining a very great and long relationship since we metWe OKEx have rolled out a variety of ONT trading products and pairs, like spot and perpetual swap, etc.And there will be an ONT swap trading promotion activity on our platform from today to next Thursday, users can share up to 20,000USDT by trading ONT perpetual swap contracts. First come first Served. Please join the activity via here.Q3. “Most of the investors just focus on the price of the token in the short term instead of the real value of the project. Can you tell us the motivation and benefits for investors to long term?” (@memenci6)Andy: We wanted to ensure our community was utility-driven instead of being money-driven. By airdropping ONT instead of any type of fundraising, we put our token in the hands of proven cryptocurrency users or real investors, not just the hands of speculators.Our dual-token design ensures the development of the infrastructure and provides more services to justify the value of the infrastructure. Staking is both a fundamental governance model and can also develop a range of value-based businesses. We plan to release a big improvement of the staking model to increase the long-term interests of our HODLs. We will continue to monitor and enhance the network’s value in the long run.In addition, Ontology has been progressing steadily according to our roadmap. We are a public chain with one of the most comprehensive and hardcore underlying infrastructure. This is crucial to the project’s long-term development and is also used to support the application of the later stage to ensure the interests of investors to the greatest extent.We hold enough funds to support our long-term “Idealized experiment”. Why not join our data sharing revolution and become the champion of the marathon? It’s your choice.Q4. Spot trading is usually my favorite on ONT, but not so familiar with derivative products like contracts. What is a contract? (@TraThoa)Alysa: For crypto beginners, we usually trade spots but we should realize what’s going in derivative markets as well. Futures, perpetual swaps, options. Well, go back to contracts, which are futuresThe contract is a digital currency derivative product. Users can earn revenue for the price rise or fall by buying a long contract or selling a short contract. Buying long means that investors expect the market to rise in the future and buy a certain amount of digital asset long contractsTake the ONT contract transaction as an example. If the ONT price is $1, we buy a contract worth 1 ONT. If the price of ONT rises to $1.1, we can get a profit of US$0.1 by selling an ONT contract. Selling short refers to investors who expect that the market will fall in the future and sell a certain amount of digital asset short contracts. Taking the ONT contract transaction as an example, when the ONT price is $1.1, we sell a contract worth 1 ONT. If the ONT price drops to $0.9 each, we can get a profit of $0.2 by buying a contract worth 1 ONT.Investing in spot transactions means that profits can only be made when the spot price rises. But profits can be made in contract transactions regardless of the rise and fall of the price by buying long or selling short.Q5. What is your project’s main target of $ONT in this year 2020? and what your VISION and MISSION is in #ONT Marketing? (@enesdre)Andy: Ontology is an enterprise-friendly public chain, devoted to providing solutions to large-scale enterprise application scenarios. We are proud to have always followed our roadmap since the first day of the project. In 2020, we will be focusing more on the business side, such as the automotive industry, stablecoin, and digital currency, and data sharing. These two or three scenarios are providing cash flow, strategic value, and high throughput.We had discussed with Libra, Celo, Bitcoin Suisse, Paxos, Circle, and Transfer to integrate an inclusive payment tool. Meanwhile, we released a FinTech platform — Rail.One to provide debit card, prepaid VISA card, and virtual credit card solution to business partners. It means you can store, pay, and invest through an ONT based card. I suggest Alysa try our new goods.DATA is everyone’s own privacy that can’t be dominated by anyone else and can be transferred into assets with blockchain technology, even exchange, and gain profits if they are willing to. Ontology is providing the solution for them no matter 2B or 2C with our technology strength, especially ONT ID, and the products say ONTO and SAGA.In terms of global trends, we will keep communicating with global regulators. We find that the institutions may be leading this round crypto revolution. So we are talking to more institutional friendly infrastructure like custody vendor — Anchorage, Coinbase Custody, BitGo, FireBlocks, and Bakkt warehouse; ETF vendor — Bitwise and VanEck; Regulated exchange — Coinbase, Bitstamp, Gemini; Trust invests — Grayscale. Let’s see more partnerships to come.Q6. What are the benefits of users trading ONT Perpetual swap on OKEx better than other Derivatives exchanges? (@ShinoTohkaNC)Alysa: OKEx is a world-leading cryptocurrency exchange, providing advanced and reliable financial services to traders globally based on blockchain technology. You would definitely trade ONT perpetual swap here instead of other platforms since we have the highest level of security in the industry — Users of our exchange can trade without worrying about the assets being stolen. In addition, we have top-level risk control measures in the trading process, such as defending extreme market conditions with the market price, achieving zero allocation of users with tiered margins and high-performance close-out mechanism, and avoiding the risk of liquidation with sufficient risk reserve.We have diverse order types — multiple advanced order types to help users trade more conveniently. Users can place take profit and stop-loss order to control risks and lock profits.We have diverse product tools — various trading tools to help users conduct transactions more quickly and conveniently.Contract calculator: Users can use the calculator to quickly calculate the profit, closing price, and liquidation price according to their positions without complex calculation operations.Multi-dimensional transaction data: Ten major market data can help traders to analyze the market situation in a comprehensive way and adjust their trading plans accordingly.We have top liquidity, spreads and product performance — OKEx has won the recognition of users with excellent products with world-leading contract trading volume, accounting for more than 30% of the entire market trading volume. The average spread of OKEx futures/perpetual swap is much smaller than other exchanges. And, we listen to your suggestions all the time:)Q7. “The total supply is 1 Billion ONT. So, are there any repurchase plans to burn or block tokens to increase the ONT value?” (@Johaneri01)Andy: We have made 3 million USD returns through our ecosystem investment. It will be used to buy back our token. You can find our buy-back updates monthly on our Twitter and Telegram announcements. We have also released our Financial report just recently.In order to further expand our global influences and build a better ecosystem, we are inviting more community members to work with us as our Global Community Contributors and GCC nodes. Venezuela Blockchain, CryptoMondays Madrid, and CryptoDiffer are amongst the first three GCC nodes in order to accelerate the process of applying blockchain technology to tangible business use-cases in European, Latin American and Russian markets.Ontology values community feedback greatly. 10,000 ONG is available until May 31st to improve Ontology’s governance and staking economic model. Vote and let us know your new suggestions here.Q8. Currently, OKEx has opened a Swap contract only for the ONT/USDT pair. Is it expected that in the future more pairs will be launched for the ONT token? (@cryptoboy237)Alysa: I think we will. However, before launching any service or trading pair, our team has to take a deep examination of the products’ risk management, sustainability, and user-friendliness.It’ll take a lot of time to listen to the voice from all of you, which is that we’re doing every day. If we have any new announcements, we will post it on all our channels to let you know soon:)Q9. I heard about a new product SAGA will be brought by Team ONT. How it will help to bring adoption across the ONT ecosystem in the future, please provide a brief idea to the community? (@Johaneri01)Andy: The SAGA data marketplace is powered by a complete data interaction protocol based on the Ontology public chain. The process of data valuation, profit sharing, data security, and privacy protection is fully decentralized through the Ontology blockchain. Individuals and companies using the SAGA data marketplace can benefit from raw data and data processing services and insights while maintaining full control over their data by leveraging the unique features of the Ontology public blockchain.Ontology’s unique digital identity and data collaboration products assist the SAGA marketplace in its important goal of ensuring high security and compliance. Through Ontology’s Distributed Data Exchange Network and the ONT ID, the SAGA data marketplace achieves:Data ownership and authenticity verificationData security and privacy protectionPeer to peer cross-platform data trading technologyQ10. I saw OKEx supports 2 types of contracts — Coin-margined futures/swap and USDT-margin futures/swap. What is the difference between them? (@M123Aleksey)Alysa: OKEx supports 2 types of contracts: Coin-margined futures/swap and USDT-margin futures/swap.A coin-margined (reverse) futures/swap is settled in the underlying cryptocurrency, that is, the currency of opening and settlement is a certain currency. For example, investors want to conduct BTC contract transactions and open positions with BTC as margin, the final profit, and loss settlement will also be in BTC; if investors want to conduct ONT contract transactions and open positions with ONT as margin, the final profit and loss settlement will also be in ONT.The advantages of coin-margined futures/swap: The coin-margined futures/swap t is suitable for users who need to hold a certain currency for a long time on the purpose of hedging, and they can enjoy the profits from the price rise and holding long positions of coin-margined contractsOn the other hand, the USDT-margined contract is called a forward contract. The margin and settlement of the USDT-margined contract are both in USDT, that is: using USDT as a margin to open a position, the revenue will also be in USDT. The value of USDT margin is stable and it can reduce the risk of the user’s position margin shrinking in the plunging market; you can conduct multi-currency contract transactions just by holding USDT, which also reduces the trading cost of changing positions; the USDT margin contract is easy to switch and calculate the profit and loss, which is suitable for beginners. If you are a new user who has never had contract transactions, the USDT-margined contract is recommended to get started with.For more information, feel free to visit our Academy to learn more.Segment 2: Live Q&AsQ1: With the appearing of many blockchain projects, especially payment project which has the newest technology, scalability, efficiency, even no fee on the transaction. Does Ontology feel pressure from this on the race of global payment solutions? (@Ramananaa)Andy: We do not feel pressured. Our Layer 2 solution is recently live and you can experience a swift and cheap payment based on the Ontology blockchain. According to our test, it’s faster than the majority of new payment blockchain projects. In the meantime, Ontology is happy to cooperate with these projects in terms of interoperability and provide services to developed and developing countries.Q2: Can you briefly say how the OKEx system is designed to be stable and reliable for Swap/Futures traders, even in volatile times? (@Ferlee)Alysa: We have top-level risk control measures in the trading process, such as defending extreme market conditions with the market price, price limit rules, achieving zero allocation of users with tiered margins, and high-performance close-out mechanism, and avoiding the risk of liquidation with sufficient risk reserve. and we have optimized our system this year, the matching speed is much more faster and stable.Q3: OKEx is currently going well and is receiving positive attention. What will you do to get more exposure and adoption? What is the Okex message for the Community today? (@IkyNulil)Alysa: I am happy to hear that, since we work very hard every day!What about OKEx? We’ve been thinking of ways to better serve our existing users, but where are the limits of the market? How do we create a new market space? At our executive conference at the beginning of the year, we proposed a full-cycle global strategy that spans across all directions of our businesses.On the other hand, we continue to expand globally. “True globalization” means localizing your product in each country to serve local users. It is a new challenge for us to take root in emerging markets as we have to get closer to the local culture, user habits, and understand the local market competitors.As always, with an entrepreneurial mindset and being humble to learn, we never stop exploring new products and trends in the market. At the same time, we put our risk management system in the priority. In the balance between long-term development and short-term benefits, we will always choose the former.Q4: One of the biggest problems with DApps is the inactive and useless state. People only create DApps but it has no use case or contribution to the blockchain ecosystem. To prevent and solve this problem that may occur on the Ontology platform, what will your team do? (@MRYUSSO)Andy: That is true. After one-year development on dApp, we have launched 80+ dApp in the field of gaming, content, DeFi, and freelancer platform. To be honest, the current dApps are not as active and cannot support large-scale use yet. However, we discovered some vertical dApps with great potentials, like stablecoin and data exchange, etc. We will launch more high-quality dApps on the Ontology blockchain platform soon, such as OGQ and high-quality Japanese games.Q5: The market in the upcoming dynamic season will be quite volatile, most investors will be less active in the last days of this year, so Okex plans to organize any upcoming events to make it more exciting than the market. Year-end or not? (@kimhungkhungquazz)Alysa: My colleagues are planning several events now! OKEx has specific trading events for ONT traders. Users can trade ONT swaps to share a USDT prize pool. you can join the event here.And there is another elite trading team contest hosted by OKEx coming soon, you can join a team and win the rewards. the total prize pool for this elite team contest is up to 150.000 USDT. please check this link for more details.Q6: Why did you decide to choose the OKEx exchange rather than the other exchanges? What are the benefits that OKEx brings to Ontology and vice versa? (@mikurana)Alysa: OKEx is a world-leading cryptocurrency exchange, providing advanced and reliable financial services to traders globally based on blockchain technology. You would definitely trade ONT perpetual swap here instead of other platforms.We have the highest level of security in the industry — Users of our exchange can trade without worrying about the assets being stolen.We have top liquidity, spreads and product performance — OKEx has won the recognition of users with excellent products with world-leading contract trading volume, accounting for more than 30% of the entire market trading volume. The average spread of OKEx futures/perpetual swap is much smaller than other exchanges.Q7: I see the terminology of #Ontology is very philosophical(i.e. Socrates, Plato, Aristotle) why is this so? Is there any future plan for expanding to the US markets? Thanks. (@vacotk)Andy: Ontology is a term favored by philosophers, computer geeks, and poets. We hope to find the true value of blockchain via exploring Ontology. In 2020, we will be focusing on entering the US regulation market. We joined the Digital Chamber to expand the application scenarios in the US market, working with Bison Trails and Kingdom Trust to enter the institution's field. I hope we can see the name of ONT on Coinbase.Q8: How much is the ONT Swap trading fee on OKEx?. Does OKEx have feature trading fees with OKB token? (@Term1nal1)Alysa: The taker fee of ONT Swap contract users at all levels is 0%, and the order rebate can be up to 0.035%. we have a discounted fee rate for OKB holders. Find more from our website here.Q9: What plan do you have to promote the adoption of ONT in South America, to take advantage of the fact that lately the crypto boom has been increasing and take advantage of these potential investors, which would be very useful for ONT’s future? it’s my question I hope you like it. (@chido97)Andy: We will launch a freelance worker platform with Mircroworkers for Latin-American users, in order to help more users in Latin America to find job opportunities and pay easily, more cost-effectively and provide stablecoin without inflation with the services. We work with Venezuela Blockchain and Settle Network from Argentina, several Brazilian corporates to further explore the exchange and swap between ONT and local fiat possibilities. We will also launch ONTO in Spanish to provide better user experience and improve the standard of daily lives for people in Latin America. I hope you like our services.Q10: Having your every question answered can make your trading experience delightful. It has become a standard for sizable exchange platforms to provide 24/7 customer support with knowledge people solving technical problems in real-time. Can you tell us about Okex Customer Support? (@ditmemay0000)Alysa: We have an international and professional customer support team to handle the cases of every user, and what I think most wonderful is that our support is extended to our Telegram channel! You can just private message our client relationship officers in Telegram DM. FAQs, request form, Beginners’ Guide, API documentation, Issue description, and a great and clear FAQ database!Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInOntology x OKEx AMA Recap was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

20. 05. 26

Top DeFi dApps Aave, 1inch,...

We are delighted to officially announce the formation of exclusive collaborations with Aave, 1inch, and Kyber, three of the world’s leading DeFi dApps.The announcement coincides with our plans to unveil the upcoming #DeFiOnONTO campaign, part of the ongoing ONTO NFT Medal Challenge. During the campaign, users who have visited and used any of the services ranging from depositing, lending, swapping, or trading on any of the Aave, 1inch, or Kyber DeFi dApps can automatically claim a May NFT medal. 1,000 ONG will be available to 20 lucky users who have successfully claimed a May medal, with successful candidates receiving 50 ONG each.Commenting on the announcement, Andy Ji, Co-founder of Ontology, said, “We are very excited to initiate our cooperation with Aave, 1inch, and Kyber — partnerships that will help to define our 2020 highlight reel. This represents a great opportunity for Ontology users to broaden the scope of their engagement with our platform, and opens the door to dynamic cross-platform community initiatives and marketing collaborations.”Stani Kulechov, CEO of Aave said, “Accessibility is a core component of DeFi and what we think the future of finance should look like. Partnering with ONTO boosts this by making it easy to manage Aave and all your DApps from one convenient place.”Aave’s market size is over $69 million, less than five months since its MainNet launch, a record growth for DeFi. It currently boasts over 6,300 users, recently breaking its record for unique daily lenders with 276.Sergej Kunz, Co-Founder of 1inch said, “1inch is excited to collaborate with the Ontology project. We see the huge potential of the Ontology technology and a vast community of its users. This collaboration fits perfectly with the goals of 1inch and will allow both communities to explore each other’s products.”1inch is a DeFi aggregator and a decentralized exchange with smart routing and a total volume of over $270 million and more than 7,400 unique users. Over 600 assets are listed on the 1inch exchange, and the average daily volume exceeded $2 million in the past 90 days.Sunny Jain, Head of Product, Kyber Network said, “Kyber is glad to be integrated within ONTO, Ontology’s official crypto wallet, as one of their recommended dApps. We look forward to helping thousands of their users swap tokens easily and securely.”Kyber Network, a fully on-chain liquidity protocol, is the most used and integrated project in DeFi and home to over 100 dApp integrations, with $1 billion in total trading volume, and over one million completed transactions since inception.We are delighted to work with these three top DeFi dApps to further expand the scope of the Ontology platform and bring more blockchain applications to our ONTO users and community.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInTop DeFi dApps Aave, 1inch, and Kyber Now Live on ONTO was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

20. 05. 25

Ontology Launches Layer 2, ...

ForewordImagine a scenario in which a blockchain platform is developing rapidly and the number of users is exploding, quickly reaching tens of millions, bringing a sharp rise in related costs over a short time. At this stage, what strategies are needed to maintain operational efficiency without hindering the pace of development due to complex consensus and confirmation processes? As enterprises agree, scalability has to be a priority.As an off-chain scalability technology, Ontology Layer 2 offers higher performance and lower rates. Enterprises can safely store a large number of transaction records off-chain and then transfer them to the chain when they need to interact, reducing user transaction costs and drastically increasing performance.IntroductionAs outlined in the Aristotle 2020 roadmap, coupled with Ontology’s cross-chain, Wasm-JIT, Multi-VM and other cutting-edge core technologies, Ontology Layer 2 now shows leading performance in contrast with other Layer 2 solutions. This is reflected in its low storage costs, multi-language support, and full compatibility of parsing and execution versions. enabling deployment contracts to interact seamlessly, like running multiple virtual operating systems on the same computer, resulting in higher execution efficiency and lower processing fees.Work ProcessOntology Layer 2 has 3 main parts: Ontology Deposit to Layer 2, Layer 2 Withdraw to Ontology, and Layer 2 transactions and security guarantee.In the Layer 2 trading center, users can make transactions, execute contract requests, and sign contracts. This transaction can be the same as the Ontology main chain transaction format, or it can be different. The transaction collectors (referred to as “Collectors”) are responsible for collecting the user’s Layer 2 transactions. There can be multiple Collectors throughout the process. Users can also broadcast their Layer 2 transactions to multiple Collectors.The Collector periodically packages the collected Layer 2 transactions and runs them to generate a new State. The Collector is also responsible for submitting the root of the new State to the Ontology main chain. After executing the transactions packaged in the Layer 2 block, the Root of the new state becomes the State of the Layer 2 block. The Challenger is responsible for verifying the Layer 2 block state submitted by the Collector to the Ontology main chain. This requires the Challenger to synchronize the Layer 2 block through the Collector to maintain the complete global state.The account status proof includes account status information and its merkle proof, which can be obtained from the Collector and Challenger queries. Only they maintain a complete global state.Deposit to Layer 21. Firstly, the user performs a “Deposit” operation on the Ontology main chain. The main chain contract locks the user’s deposit funds and records the state of this fund in Layer 2. At this point, the status is “unreleased”.2. The Collector is then notified that there is a Deposit operation pending on the main chain of the Ontology. The Collector will modify its state in Layer 2 according to the operation of the Deposit. The Collector then adds a Deposit to release the transaction and packages it with the other user transactions to the Layer 2 block. When the Layer 2 block state reaches the Ontology main chain, it will notify the system that the Deposit has been released.3. The main chain contract executes the deposit release operation and changes the status of the deposit fund to “released”.Withdraw from Ontology1. The user constructs a “Withdraw” Layer 2 transaction and submits it to the Collector.2. The Collector modifies its state according to Withdraw, and, at the same time, packages the Withdraw transaction and other user transactions together into a Layer 2 block. When submitting the Layer 2 block state to the Ontology main chain, the Withdraw request will be submitted.3. The main chain contract executes the Withdraw request, records a fund record, and sets the status to “not released”.4. After state confirmation, the user submits a Withdraw release request.5. The main chain contract executes the Withdraw release request, transfers funds to the target account, and sets the Withdraw record to “released”.Layer 2 transactions and security assuranceLayer 2 transactions1. The user constructs a “Transfer” Layer 2 transaction and submits it to the Collector.2. The Collector packages the transfer transaction and other transactions into a Layer 2 block, executes the transactions in the block, and submits the State of this Layer 2 block to the Ontology main chain.3. Wait for State confirmation.Security GuaranteeAfter the Operator submits the Layer 2 block State to the Ontology main chain, the Challenger can also run the Layer 2 block transaction and verify the correctness of the Layer 2 block State. If it is not correct, the Challenger will collect fraud proof and submit to the Layer 2 smart contract to challenge the Operator.How to UseCurrently, Ontology Layer 2 is available on the Ontology TestNet for developers to experiment with.Link: http://152.32.217.204/Document link: https://github.com/ontio/layer2In the next article, we will provide a detailed performance comparison with Layer 2 on other chains.Appendix: Explanation of TermsLayer 2 TransactionsThe user has made a request to transfer or execute a contract at Layer 2 and has already signed it. This transaction can be the same as the transaction format of the Ontology main chain, or it can be different.CollectorThe Collector is a Layer 2 transaction collector. It is responsible for collecting user’s Layer 2 transactions, verifying and executing the transaction. Every time a Layer 2 block is generated, the Collector is responsible for executing the transactions in the block, updating the status, and generating Layer 2 contracts that can be interpreted as proof of the state used for security assurance.Layer 2 BlockThe Collector periodically packages the collected Layer 2 transactions, generates a block containing all Layer 2 transactions, and generates a new Layer 2 block.Layer 2 StateThe Collector executes the packaged transactions in the Layer 2 block, updates the state, sorts all the updated state data to generate a Merkle tree, and calculates the root hash of the Merkle tree. The root hash is the Layer 2 state of the block.OperatorThe Operator is the security daemon of Layer 2 and is responsible for monitoring whether there is a token transfer to Layer 2 or a token transfer transaction from Layer 2 to the Ontology main chain. The Operator is also responsible for periodically submitting the status proof of Layer 2. You can go to the Ontology mainnet as proof.ChallengerThe Challenger is responsible for verifying the status proof submitted by the Operator to the Ontology main chain. This requires the Challenger to synchronize Layer 2 transactions from the Operator or the chain to maintain the complete global state. After the Challenger synchronously executes the transaction and updates the status, it can verify the correctness of the status proof submitted by the Operator on the mainnet. If it is not correct, the Challenger can generate a fraud proof challenge that the Layer 2 contract can explain.Proof of Account StatusAchieved through Merkle proof, proof of account status requires can be obtained from Operators and Challengers. They are the only parties to maintain a complete global state.Proof of FraudProof of fraud includes the account status proof before the current Layer 2 block update.The previous Layer 2 block status certificate and the submitted account status certificate, proves the legitimacy of the old state before the update. Proof that the old state is legal can be achieved by running the current block.Ontology’s enterprise-focused blockchain is ready to help enterprises transform and upgrade their businesses. If you are experiencing problems with off-chain scalability, virtual machines, or a full set of technical systems, please contact us via contact@ont.io.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInOntology Launches Layer 2, Contributing to a More Comprehensive Public Chain Platform was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

20. 05. 21

Ontology Weekly Report (May...

What a fulfilling week! Each effort we put in today is getting us closer to where we want to be tomorrow.Ontology has appeared in the Consensus: Distributed 2020, with our first-ever virtual booth and conducted a series of informative and educational webinars. Moreover, you can find Ontology in Reimagine 2020 and ANON summit.On the other side, our tech and product teams were fully occupied with the upgrade of ONT ID, which means more amazing functions are coming up in ONTO soon!This week’s keywords:Consensus / ONT ID / Bounty / REIMAGINE 2020 / SAGABack-end- Completed the smart contract API optimizations- Completed 90% of ONT ID development Product DevelopmentONTO- Completed 90% of ONTO v2.9.2 development dApp- a total of 61 live Ontology dApps - 5,312,626 total transactions, increased 23,003 over the week Bounty Program- New Bounty Program page is now available- Collecting bounty ideas from the Ontology global community. 20+ ONG rewards are set for community members whose ideas are chosen- Seeking Python SDK developers from the community Community Growth- The Ontology Vietnamese, Chinese, and Philippines communities have gained 355 new members Newly Released - Ontology now partners with Spherity, a German decentralized digital identity specialist to advance digital identity solutions, providing scope for the exploration of enterprise & product identity & cross-border supply chain identity use cases- Announced the winners of #MyBitcoinStory campaign, 12 users have received ONG rewards Global Events - Ontology attended the online Consensus: Distributed and conducted a series of live webinars over the course of the week. These webinars gave both the Ontology community members and Consensus: Distributed attendees a unique opportunity to gain deeper insights into our high-performance enterprise blockchain and bespoke decentralized products — including the launch of our new product SAGA- Erick PINOS, Ontology’s Americas Ecosystem Lead, and Edmond CONG, Ontology’s Senior Tech Lead were invited to REIMAGINE 2020. They will bring the latest Ontology 2.0 blockchain knowledge as well as an online course about “How to Build up Your First dApp on Ontology”- Gloria WU, Ontology’s Chief of Global Ecosystem Partnerships, has been invited to join a panel at ANON Summit “Libra, China, Digital Programmable Euro: Getting Real about CBDC” with Prof. Philipp Sandner and others to further discuss the similarity & difference between China’s national digital currency DCEP & CBDCFind Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInOntology Weekly Report (May 13–19) was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

20. 05. 20

New Ontology GCC Nodes Onbo...

Today, we’re delighted to announce that CryptoMondays Madrid (node name CMmadrid) and CryptoDiffer have joined the Ontology Global Community Contributor (GCC) network, geared towards accelerating the process of applying blockchain technology to tangible business use-cases.CryptoMondays Madrid and CryptoDiffer become the second and third Ontology GCC nodes respectively, following the recent addition of Venezuela Blockchain — an organization committed to leveraging emerging technologies as tools for socio-economic development in Latin America. The Ontology Foundation will provide an allocation of ONT tokens to both CryptoMondays Madrid and CryptoDiffer to start their respective nodes through the GCC program while allocating additional performance-based bonuses.CryptoMondays is a global initiative established to provide a platform for crypto and blockchain advocates to share insights and build community engagement across its network of over 45 contributing city chapters. Boasting more than 350 members and a rich history of community events, CryptoMondays Madrid is a central pillar of the network and a key fixture of the city’s burgeoning blockchain ecosystem. CryptoMondays Madrid will provide comprehensive business development support, generating business leads in key European and Latin American markets, while also issuing research papers on Ontology’s prowess in areas pertaining to Decentralized Identifier (DID), crypto metrics, and data protection.CryptoDiffer is an altcoin-focused community-based media platform, providing its global audience with up-to-date altcoin news and research. The platform’s concise infographics are popular among thousands of altcoin investors for valuable insights about the state of the industry and promising startups. CryptoDiffer will play an instrumental role in helping Ontology expand its community and ecosystem development in Russia and the wider CIS region by onboarding their community members into the Ontology ecosystem through collaborating with local stakers, testing out Ontology’s products and services, and engaging with local projects and thought leaders. Ontology will also leverage CryptoDiffer’s relationship with the Russian-speaking Telegram crypto media and community platform ‘Gagarin Crypto’. Launched in early 2018, Gagarin Crypto provides useful information and research about promising blockchain projects and organizations to help its community make informed investment decisions and become more educated about the space.Speaking about the announcement, Ontology Co-founder Andy Ji said, “We are very excited to announce the addition of two new stellar GCC nodes to our network, having officially onboarded Venezuela Blockchain last month. We recognize the profound value of the work being carried out by both the CryptoMondays Madrid and the CryptoDiffer teams in terms of fostering a real spirit of collaboration within their respective blockchain communities, and look forward to leveraging their exceptional business development and research acumen in the coming months.”If you have any questions or feedback, please contact us via contact@ont.io. If you’re interested in applying to become an Ontology GCC, please email gcc@ont.io with a short description of your platform’s service offering and GCC aspirations.About CryptoMondays MadridLydians Capital Spain consists of a team of technology and finance entrepreneurs investing in the technologies that will shape the future. We strongly believe that digital assets and the internet of value represent a very significant opportunity for wealth creation. Accordingly, we thoroughly analyze each project, market, and team to determine the best way to collaborate. We are the main organizers of CryptoMondays Madrid, which is an initiative that started in New York initially powered by CryptoOracle, a crypto VC. Now CryptoMondays Madrid is an independent organization that aims to bring together passionate people about crypto and blockchain, and for sharing experiences and opinions with the final objective of strengthening the local community.About CryptoDifferCryptoDiffer is an altcoin focused community-based media. We provide our global audience with up to date altcoin news and research. The platform’s concise infographics are popular among thousands of altcoin investors for valuable insights about the state of the industry and promising startups.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInNew Ontology GCC Nodes Onboard: CryptoMondays Madrid and CryptoDiffer was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

20. 05. 19

That’s A Wrap! Consensus: D...

CoinDesk’s flagship conference came to a close on Friday and what a week it was! In a first-of-its-kind move, the event took place virtually, with some of the biggest names in blockchain featuring throughout the week. As well as participating in Consensus Distributed: 2020 through the Ontology Virtual Booth, the Ontology team conducted a series of live webinars over the course of the week. These webinars gave both the Ontology community members and Consensus: Distributed attendees a unique opportunity to gain deeper insights into our high-performance enterprise blockchain and bespoke decentralized products — including the launch of our new product SAGA.Learn more about ONT ID:On Monday, our digital identity experts Erick Pinos, Ontology’s Americas Ecosystem Lead, and Hu Ning, Senior Tech Lead for Ontology’s Digital Identity, kicked off proceedings with an in-depth analysis followed by an open Q&A focusing on ONT ID, Ontology’s decentralized digital identity platform.Our aim is to make the way the world share and store data better for everyone; increasing trust, security, and transparency. Our unique ONT ID protocol can be easily adopted by individuals and enterprises and is specially designed to put users in control of their data and identity. ONT ID helps increase control and trust when it comes to data, reordering the data to ensure its true value is realized, and helping make systems and sensitive information less vulnerable to attacks. Combined with DDXF, Ontology’s distributed data exchange framework, business information can be recorded and circulated between parties securely, increasing collaboration and unlocking real business value while respecting the privacy and rights of all parties.You can watch the webinar on ONT ID:https://medium.com/media/5e26079e477e72c7d5fcf983c567eade/hrefNew Product Launch — SAGA (decentralized data market place)In what was one of our most exciting live webinars, Ontology experts Hu Ning, Senior Tech Lead for Digital Identity, and Will Liu, Head of SAGA at Ontology and Ontology experts Hu Ning, Senior Tech Lead for Digital Identity, officially announced the launch of our new product SAGA, a decentralized data marketplace designed to allow users to monetize and acquire data in a trusted, standardized, and cost-effective way.Watch it back:https://medium.com/media/8cfa52ba3b795e8ba4828167491a363e/hrefThe SAGA data marketplace is powered by a complete data interaction protocol based on the Ontology public chain, a world-leading public chain with 200,000+ users and 100+ eco-partners. The process of data valuation, profit sharing, data security, and privacy protection is fully decentralized through the Ontology blockchain. Individuals and companies using the SAGA data marketplace can benefit from raw data and data processing services and insights while maintaining full control over their data by leveraging the unique features of the Ontology public blockchain.Powered by the Ontology blockchain, which was built on the premise of trust, security, and transparency, SAGA employs stringent regulatory-compliant verification processes that authorize companies to purchase data stored on the SAGA platform. The platform operates with the utmost care when requesting sensitive data from individuals. In addition, SAGA offers multiple secure data analysis and processing services.Other than the sessions above, Ontology also provided 3 other webinars on ONTO, Tech, and Enterprise Solution Respectively.Follow the Live Demo on Stake on ONTOONTO wallet manages your blockchain assets. So fat, it supports 930+ multi-tokens, and several types of token types (OEP-4, OEP-5, ERC-20), including but not limited to ONT, ONG, ETH, NEO, MBL, and KLAY. With the ONTO wallet, you can transfer, pay, and participated in Ontology nodes staking and get rewards.The recent milestone of ONTO — supporting NFT assets provides more effective and convenient asset management services for global users, which further deepens the layout of the digital assets.Besides, ONTO users can also enjoy a rich collection of dApps both on Ontology and Ethereum.With our ONT ID digital identity wallet, a brand-new digital identity wallet, users can fully control their digital identity via ONT ID and benefit from one-stop management of assets.Watch the live demo by Erick on how to use, stake, and earn ONG on ONTO:https://medium.com/media/82bf8bc2d047928d5915f83a3e71a303/hrefExperience the high speed and performance of Ontology 2.0Ontology’s two Senior Tech Leads Hu Ning and Edmond Cong gave a general introduction of Ontology’s technology strength and elaborated on the current development progress and future plans.Ontology WASM-JIT, one of the fastest blockchain virtual machine is now available on our latest version of Ontology, Ontology 2.0.The Ontology team has also made progress in Multi-VM, cross-chain, and Layer 2. ONT ID 2.0 is reaching the final stages of upgrading. All technology progress is in line with our roadmap for this year.Ontology’s bounty page continues to update, providing more tasks for developers to apply. An increasing amount of students have registered and joined Ontology Global University Blockchain workshops online, getting to know and understand firsthand how blockchain technology can help transform and upgrade traditional industries rapidly.The Ontology team will continue to optimize its documentation center, making it more convenient and straightforward for developers to develop on Ontology.Watch the Tech Day live webinar back:https://medium.com/media/42c1f2ee72343d5c63c45e10db0273d8/hrefEnterprise SolutionThe Enterprise Solution webinar featured our Chief of Global Ecosystem Partnerships, Gloria Wu, and our Europe Ecosystem Lead, John Izaguirre.John explained how ONT ID can provide solutions in four ways to tackle the current problems in digital identity systems on an enterprise level and that we are planning to use SAGA for data exchange.In terms of the progress of compliance, Gloria demonstrated how Ontology is promoting the establishment of related laws and regulations in Europe with INATBA, the International Association for Trusted Blockchain Application. With a view to broadening contributory avenues for the World Health Organization’s COVID-19 Solidarity Response Fund, Ontology Presented a proposal to set up an Ontology official dApp for crypto donation to help collect donations made in crypto, while utilizing Ontology’s blockchain to record transactions safely and securely.As a recent member of Celo Foundation Alliance for Prosperity, a mission-aligned network of organizations fostering social impact and financial inclusion through the use of blockchain technology, Ontology will join other leading technology providers, nonprofits, mobile wallets, payment processors, and global investment firms in building mobile-friendly financial tools on the Celo open blockchain platform.In addition, with Ontology’s joining as an official member of the Digital Chamber of Commerce, the world’s leading trade association representing the digital asset and blockchain industry, Ontology will work in joint hands with 200+ industry leaders to promote the acceptance and use of blockchain technologies and digital assets by fostering a more inclusive business environment.With a primary focus on delivering a fast, user-friendly platform with a unique infrastructure that supports robust cross-chain collaboration, Ontology provides businesses with the tools to design their own blockchain solutions securely. Powered by the Ontology Token (ONT), the distributed collaboration platform allows businesses to enjoy the benefits of smart contracts and tokenization while retaining control of their sensitive data.Gain full insights of the webinar here:https://medium.com/media/884417ab17d91abf75394eeddaa10ab0/hrefOntology would like to thank all members of our team for making our activities during Consensus: Distributed 2020 so memorable. We are already looking forward to what next year has in store!Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInThat’s A Wrap! Consensus: Distributed 2020 Over and Out was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

20. 05. 18

Ontology Partners with Sphe...

Partnership will involve integration of Ontology blockchain into Spherity’s Cloud-Edge Identity Wallet.Ontology has announced a partnership with German decentralized digital identity specialist Spherity.This strategic partnership will see the integration of the Ontology blockchain into Spherity’s Cloud-Edge Identity Wallet and will allow Ontology to harness Spherity’s blockchain-agnostic Decentralized Digital Identity solutions across public and permissioned blockchains. The remit of the partnership will also extend to the creation of Proof-of-Concept (PoC) pilots around supply chain, mobility, and pharmaceutical verticals, along with joint research and marketing initiatives. The primary objective of the partnership is to deliver enterprise solutions for cross-border supply chain resilience and transparency.Andy Ji, Co-founder of Ontology, said, “Partnering with Spherity represents a further expression of intent towards accelerating the development of digital identity protocols and underlines our commitment to addressing prevalent issues associated with identity security and data integrity. This partnership provides scope for the exploration of enterprise and product identity, as well as cross-border supply chain identity use cases including provenance, transparency, and authenticity.”Spherity builds enterprise cloud wallets and other decentralized digital identity management solutions that offer more secure and versatile cyber-physical bindings and supply chain tracking solutions. Based in Dortmund, Germany, the Spherity team is developing decentralized ‘digital twin’ applications — self-sovereign, unique digital representations of enterprises, products, machines, or algorithms services — which are immutably anchored on a decentralized system, overcoming today’s trust and interoperability issues.Dr. Carsten Stöcker, CEO of Spherity, said, “The ambition and vision of the Ontology team directly correlate with Spherity’s own roadmap, both in terms of expediting the deployment of blockchain solutions globally, while also firmly imbuing the principles of trust and security in digital identity solutions. Ontology will provide invaluable access into key Asian markets for our bespoke cloud technology, and we are delighted to boost Ontology’s European presence, given our rich history of operations in Germany, Switzerland, and Austria.”The partnership focuses on connecting Sino-European ecosystems while establishing trust among supply chain actors. Together, Spherity and Ontology are uniquely positioned to establish interoperability and data portability across European and Asian Blockchain infrastructures. The joint goal is to deliver secure ‘collaborative data sharing’ solutions for ‘enterprise master data’ and ‘product serialization’ with back-to-birth auditability.Ontology delivers a fast, user-friendly platform with a unique infrastructure that supports robust cross-chain collaboration, providing businesses with the tools to design their own blockchain solutions securely. Powered by the Ontology Token (ONT), the distributed collaboration platform allows businesses to enjoy the benefits of smart contracts and tokenization while retaining control of their sensitive data.“The strength and depth of the Spherity network can help us achieve our strategic objectives, particularly those pertaining to extending our European reach and advancing our B2B business development. We look forward to supporting the deployment of Spherity’s cloud technology in Asia while identifying mutually beneficial opportunities for collaboration moving forward,” concluded Ji.About SpheritySpherity is building decentralized digital identity management solutions to power the fourth industrial revolution, bringing secure identities to machines, algorithms, and other non-human entities. Spherity’s decentralized identity cloud-edge wallet empowers cybersecurity, efficiency, and data interoperability among digital value chains. The customer focus is primarily on highly-regulated technical sectors like supply chain management, mobility, and pharmaceuticals.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInOntology Partners with Spherity to Advance Digital Identity Solutions was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

20. 05. 14

Ontology Newly Launched a D...

We are delighted to officially announce the launch of our new product SAGA, a decentralized data marketplace designed to allow users to monetize and acquire data in a trusted, standardized, and cost-effective way.As well as participating in the flagship event through the Ontology Virtual Booth, the Ontology team has prepared a series of webinars that will be rolled out throughout the week. At today’s webinar, Ontology experts Hu Ning, Senior Tech Lead for Digital Identity, and Will Liu, Head of SAGA at Ontology, shared the news of Ontology’s new product offering. The team also offered webinar attendees the opportunity to gain deep insights into the high-performance blockchain and the role it’s playing in helping the SAGA data marketplace achieve its goals. To watch the full webinar on YouTube, click on the video below.https://medium.com/media/e8f8b57286c42a0c3ff10ca557b0d4ac/hrefThe SAGA data marketplace is powered by a complete data interaction protocol based on the Ontology public chain, a world-leading public chain with 200,000+ users and 100+ eco-partners. The process of data valuation, profit sharing, data security, and privacy protection is fully decentralized through the Ontology blockchain. Individuals and companies using the SAGA data marketplace can benefit from raw data and data processing services and insights while maintaining full control over their data by leveraging the unique features of the Ontology public blockchain.Following SAGA’s verification processes, companies are authorized to purchase data stored on the SAGA platform. SAGA is committed to ensuring all data acquired is in full compliance with regulations. The platform operates with the utmost care when requesting sensitive data from individuals. In addition, SAGA offers multiple secure data analysis and processing services.Ontology’s unique digital identity and data collaboration products assist the SAGA marketplace in its important goal of ensuring high security and compliance. Through Ontology’s Distributed Data Exchange Network and the ONT ID, the SAGA data marketplace achieves:Data ownership and authenticity verificationData security and privacy protectionPeer to peer cross-platform data trading technologyTaking place for the duration of Consensus: Distributed 2020, Ontology’s daily webinars are designed to give Ontology community members, as well as Consensus: Distributed attendees, a chance to gain insights into Ontology’s high-performance enterprise blockchain and its bespoke decentralized products. Each day this week, our experts will be on hand to share their expertise on a different Ontology-related topic.For more updates on Ontology’s online events and to sign-up for webinars taking place all week, click here.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInOntology Newly Launched a Decentralized Data Marketplace ‘SAGA’ at Consensus: Distributed was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

20. 05. 14

Ontology Weekly Report (May...

The big event for Ontology this week is Consensus Distributed. Pay close attention to our Twitter @OntologyNetwork and you’ll find five online webinars by Ontology’s experts full of useful information!This week’s keywords:Consensus / #MyBitcoinStory / Wall of Memories / Staking modelsBack-end- Completed 60% of smart contract API optimizations- Completed 70% of ONT ID developmentProduct DevelopmentONTO v2.9.1 release- Wall of Memories, as an upgraded version of Wishing Wall, has been made available on ONTO, with the function of on-chain recorddApp- 61 total live Ontology dApps- 5,289,623 total transactions, an increase of 12,133 transactionsBounty Program- Collecting bounty ideas from the Ontology global community. 20+ ONG is ready for the community members whose advice is adopted- Seeking Python SDK developers from the community- Newly added one application for the Technical Documentation Translation taskCommunity Growth- The Ontology Bangladesh, Chinese, Japanese, Dutch and German communities have gained 421 new membersNewly Released- Calling all the Ontology community members to vote & submit suggestions by May 31 to improve Ontology’s governance & staking model. 10,000 ONG rewards are ready for voters who have voted and also submitted effective suggestions that are adopted by the team- #MyBitcoinStory was launched in the lead-up to the Bitcoin Halving event on May 12th. Users can share their Bitcoin Story on the #MyBitcoinStory section via Wall of Memories on ONTO in any mainstream language before May 15 (UTC) and win ONG rewardsGlobal Events- Ontology was invited to the Consensus Distributed, which is virtual for the first time and free to all the users. On top of the virtual booth, the Ontology team has prepared full informative and educational webinars on YouTube each day during the Consensus 2020. The webinars will focus on ONT ID, ONTO, SAGA, etc. It is also the first show for SAGA worldwide- John Izaguirre, Ontology’s Europe Ecosystem Lead was invited to the “The Road to Metamorphosis” online conference and delivered a speech on “how Ontology is working towards true decentralization”. Meanwhile, John was invited to the ChangeNOW AMA and answered questions from European users- Morio Katayama, Ontology’s Japanese Community Operation Manager was invited to the online webinar by BINARYSTAR. As the only speaker in this event, Morio introduced Ontology’s technologies and ecosystem. The webinar has attracted 122 participants, 20% of whom are senior executives from different enterprises, which will increase Ontology’s influence in Japan market.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInOntology Weekly Report (May 7–12) was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

20. 05. 13

Learn More About ONT ID Wit...

To mark the first-of-its-kind virtual conference, Ontology is hosting a series of online events to complement this year’s Consensus conferencehttps://medium.com/media/c10dce235f7520097702b9f701d7461e/hrefConsensus: Distributed kicked off in style on 11 May, marking the first-ever virtual version of Coindesk’s flagship conference. As well as participating in Consensus Distributed: 2020 through the Ontology Virtual Booth, the Ontology team has prepared a series of webinars that will be rolled out throughout the week. The daily webinars are designed to give Ontology community members, as well as Consensus: Distributed attendees, a chance to gain deeper insights into Ontology’s high-performance enterprise blockchain and its bespoke decentralized products. Each day this week, our experts will be on hand to share their expertise on a different Ontology-related topic.Launching Ontology’s webinar today were digital identity experts Hu Ning, Senior Tech Lead for Ontology’s Digital Identity and Erick Pinos, Ontology’s Americas Ecosystem Lead. They shared their insights and expertise on ONT ID, Ontology’s decentralized digital identity platform, a unique protocol of Ontology’s which can be easily adopted by individuals and enterprises and is specially designed to put users in control of their data and identity.Every day, the world makes millions of transactions via digital applications. We shop, share information, and communicate via mobile apps. But who decides what happens to our data? How can we reorder data to ensure its true value is realized, and how can we make systems and sensitive information less vulnerable to attacks? Ontology aims to make the way the world shares and stores data better for everyone; increasing trust, security, and transparency.Through blockchain and cryptographic technology, the ONT ID decentralized framework connects people, data, and services. Aimed at protecting user privacy and data security, ONT ID enables trusted collaboration between parties, allowing users to maintain control over their data and identity.Through the ONT ID digital identity wallet, users can:Get authorized by 4 Trust Anchors (CFCA/SenseTime/Shufti Pro/IdentityMind) and receive blockchain certificates.Get authenticated with 9 communications applications, including mobile and email, as well as social networks including Twitter, GitHub, Facebook, LinkedIn, Kakao, Line, and Amazon.Receive and send fungible and non-fungible ONT tokens.Stake ONT in Ontology nodes to earn ONG rewards.Access and use dApps developed on the Ontology blockchain.Combined with DDXF, Ontology’s distributed data exchange framework, business information can be recorded and circulated between parties securely, increasing collaboration and unlocking real business value while respecting the privacy and rights of all parties.Erick gave a full presentation on ONT ID use cases during the webinar. Besides acting as a multi-source identity system for people and objects, it can be applied to distributed data exchange, distributed collaborative systems like medical services, decentralized inclusive financial services, and distributed content generation and trade.At the Q&A session, Ning and Erick answered the below questions from the community:>What are ONT ID transaction speeds and transaction fees? Currently, does ONT ID APP have any program to help users reduce transaction fees?>What is your long-term vision about the industry which the #ONT project is working at? Cryptocurrency industry is always thriving, what plans do you have to keep up with technology trends?>How secure is ONT ID when saving our cryptocurrencies? And what plans do you have for the future?>How is the adoption of ONT ID? Is it possible to add the ONT ID to Paribu?>As we know, every successful project has a few stories behind the scenes, what’s the story behind Ontology success? What was that vision when it first emerged as an idea? Are there any special prototypes or upcoming Ontology updates that you want to show/share with us?>Just recently, Binance issued an ONT-pegged token called ONT-33D which is good. Now, what does it bring to the project? How will the Ontology community benefit from this?Find out the answers by watching our ONT ID Day live webinar on YouTube.Make sure to stay tuned throughout the week for more updates on Ontology’s series of online events where you can learn more about our products and the driving force behind Ontology.To find out more information and to sign-up for webinars taking place all week, click here.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInLearn More About ONT ID With Ontology At Consensus: Distributed 2020 was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

20. 05. 12

Meet Ontology at Consensus:...

Are you curious about Ontology’s new top-notch products in 2020?Find your answers at the Consensus: Distributed this May and enjoy the first-ever Ontology virtual booth!The Consensus is the annual gathering of the cryptocurrency and blockchain technology, with major companies, developers, founders, and investors in the cryptocurrency and blockchain world engaging in an annual discussion about the future of the industry.With the COVID-19 pandemic worsening throughout the world, the organizers of Consensus and Blockchain Week NYC, Coindesk has decided to take Consensus 2020 virtual instead of hosting in New York City as usual. Event organizers claim that there will be more than 150 speakers and 5,000 virtual attendees at the conference.On top of the virtual booth, the Ontology team has prepared full informative and educational webinars on YouTube each day during the Consensus 2020. We will also be collecting questions from the community before the start of each session. Users can also ask questions live during our webinars. More details will be released.Ontology@Consensus: Distributed> ONT ID DaySpeakers: Ning Hu, Erick PinosTime: 10–11 pm, May 11 (EST)>ONTO DaySpeakers: Erick PinosTime: 10–11 pm, May 12 (EST)>SAGA DaySpeakers: Will Liu, Ning HuTime: 10–11 pm, May 13 (EST)>Tech DaySpeakers: Ning Hu, Edmond CongTime: 10–11 pm, May 14 (EST)>Enterprise Solution DaySpeakers: Andy Ji, Gloria Wu, John IzaguirreTime: 5–6 am, May 15 (EST)The registration for this year’s Consensus is completely free, without any charge. Register and meet Ontology at our Consensus virtual booth!Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInMeet Ontology at Consensus: Distributed 2020 Virtual Conference was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

20. 05. 10

Ontology Weekly Report (May...

Hi everybody, we are so pleased to see you again in May. We hope you have a great rest of the month.The keywords for this week are:Layer 2/Celo/Web 3.0/ONT Score/MessariEnjoy!Back-end - Completed 40% of smart contract API optimizations- Completed optimistic rollup’s minimized realization for Layer 2 Product Development ONTO - Newly added ONT score function, which can be used for on-chain special access and bonuses. The score will reflect the user’s regulation directly. ONT score will also let users access special features of certain dApps and participate in all kinds of campaigns in ONTO- Newly added the ONT Health Code function dApp - 61 total live Ontology dApps - 5,277,490 total transactionsBounty Program - Added 2 new applications for Technical Documentation Translations Community Growth - The Ontology Spanish, Philippines, Russian and Chinese communities have gained 223 new members Newly Released - Ontology has officially joined the Celo Foundation- Alliance for Prosperity, a mission-aligned network of organizations fostering social impact & financial inclusion through the use of blockchain technology to build mobile-friendly financial tools on Celo- With 11 Members of Congress writing to the Treasury Secretary, Erick Pinos, Ontology’s Americas Ecosystem Lead, shared the value of blockchain-based payments on Forbes. Meanwhile, Erick shared his insights with Decrypt on the reasons why Web 3.0 has yet to sweep in to save the day and the shortcomings of centralized apps. As a backbone of Web 3.0, Ontology DID plays a vital role in making it all possible- “Ontology is the blockchain on a ready rise to the top.” Neil C. Hughes commented after talking with Erick Pinos on The Tech Talk Daily, where tech leaders, entrepreneurs, CEOs, and celebrities around 165 countries have been interviewed, including the CEO of Twitter Global Events - Launched the #MyONTScore event to celebrate the launch of ONT Score on ONTO v2.9.0. Users can now improve their ONT Score and show their credit record with ONT Score across the Ontology ecosystem, based on users’ identity, on-chain assets and off-chain trusted information- Ontology is delighted to be featured by the well-known market intelligence platform Messari again, with Li Jun, Founder of Ontology, interviewed by Ryan Selkis, the Founder of Messari- Emilio Fernandez Reyes, Ontology’s Spanish admin, was invited to the Binance Spanish’s online roundtable campaign. While there, he introduced Ontology 2020 updates to the Spanish community, including the establishment of new GCC nodes, cooperation with Bitsa Card, and the news that a Spanish version of ONTO will be available soonFind Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInOntology Weekly Report (May 1–6) was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

20. 05. 07

Share your ONT Score and wi...

In this fast-paced society, credit/reputation has become an important index in business cooperation. Credit scoring can even decide if we want to interact with other individuals or users. In light of this, ONT Score is now launched on Ontology comprehensive mobile client ONTO’s latest version 2.9.0, bringing users a new credit scoring experience.Share your ONT Score and win rich ONG rewards!Duration:00.00 May 6 to 23.59 May 10 (UTC)Rules:Follow us on TwitterUpgrade your ONTO to the latest v2.9.0, try out the ONT Score and take a screenshot of your ONT Score on ONTOPost the screenshot on Twitter, @three friends, and tag #MyONTScore and $ONTFill in the Google formRewards:>>Block Height RewardsAfter 23.59 on May 10 (UTC), when the block height on the Ontology blockchain reaches 8,298,888, this block hash will be deemed as a reward voucher.Three participants whose ONT Scores are closest to the results of “the last 3 numbers of the hash for block height 8,298,888 + 400”, will be rewarded 500, 300, and 100 ONG respectively.If two of the three participants share the same result, then we will sort the winners according to the earlier post time.For instance, if the hash for block height 8,298,888 is:3f7eabb13dbd3d04dad0faf59e3e9ddcca954ac1ccac19231b013ee522ca42bfThe last three numbers for this hash is 242, users whose ONT Score is the closest to 242+400=642 will win the ONG rewards according to the proximity.>>Lucky PrizeThe Ontology team will pick 5 users whose ONT Score is above 500 randomly and give out 50 ONG rewards.The ONT Score is subjected to the ONT Score in the screenshot submitted in the Google form.Rewards Distribution Time:May 13th (UTC)Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInShare your ONT Score and win Rich ONG Rewards! was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

20. 05. 06

ONT Score is now Live on ONTO!

Since the ONTO 2.9.0 version, ONT Score, the credit scoring system within the Ontology ecosystem is launched.Users can now accumulate ONT Score and show their credit record with ONT Score in the Ontology ecosystem, based on users’ identity, on-chain assets and off-chain trusted information.ONT Score will be applicable gradually in all types of Ontology ecosystem and decentralized applications.In simple words, ONT Score is a credit scoring system in the Ontology ecosystem, similar to Sesame Credit, a private credit scoring and loyalty program on Alipay developed by Ant Financial Services Group.To CustomersFor blockchain users, the ONT Score used off-chain data as a reference, such as KYC certification from an authority, the binding of mainstream social media accounts, and the physical health information which will be launched later. This provides users with a “pass” and “identity card” in the blockchain world that is different from common anonymous users. With the landing of blockchain technology in various fields, a credible user with a richer information dimension shall receive better services.However, the ONT Score is different from the credit score of traditional decentralized institutions, the identity and data information of the ONT Score are always controlled and authorized by users themselves.For example, when a user applies for a financial loan on the blockchain, through the display and authorization of the ONT Score, he or she may obtain a lower mortgage rate and a lower loan interest rate. With the additional information provided by the ONT Score, it can help lower the requirements of risk compensation.To BusinessFor enterprises and other service providers, the user’s ONT Score makes it possible for them to provide differentiated services.For instance, for a C2C task crowdsourcing platform, ONT Score can be an important display item to reflect the users’ credibility. The incremental information can help a transaction proceed and completed more easily.Different from the traditional Internet credit calculation method, the ONT Score will use the on-chain data to calculate the score as much as possible, complemented by off-chain data. The calculation and storage are completed by the ONTO back-end server. After the user logs in the ONT ID, the ONT Sore will be synchronized to the front end to achieve a complete record.Users can accumulate individual’s ONT Score from four categories:User ID, such as ONT ID registration time;Authentication, such as KYC Authentication level, number of the Social Media Authentications, Industry Certifications;On-chain Assets, such as on-chain assets balance, daily average assets value, staking time and amount;ONTO Usage, such as the number of ONTO log-in times via QR code scan.ONT Score is a new product and we will keep improving it and add more data source dimension. Interestingly, the feedback of the ONT Score in different application scenarios itself is a data resource, helping promote the reliability of the ONT Score, a built-in reinforcement loop. More importantly, it exists without centralized institutions and is an important practice for realizing the ideal of Web 3.0.Download ONTO now and receive your ONT Score!An exciting ONT Score campaign is also on the way! Stay tuned.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInONT Score is now Live on ONTO! was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

20. 05. 06

Ontology Joins Celo Allianc...

Ontology has officially joined the Celo Foundation Alliance for Prosperity, a mission-aligned network of organizations fostering social impact and financial inclusion through the use of blockchain technology.As an Alliance Member, Ontology will join other leading technology providers, nonprofits, mobile wallets, payment processors, and global investment firms in building mobile-friendly financial tools on the Celo open blockchain platform. Launched in March 2020 by the Celo Foundation, existing members include Andreessen Horowitz, Coinbase Ventures, and B12, with an additional 23 new members also announced today. They include; Ankr, Althea, Bitfy, Blockchain Education Network, Centrifuge, Dove Wallet, Dunia Pay, Grin, Hex Trust, LatAmTech, Mobike, MyCash Online, Netki, Ontology, Paxful, Peixe, Positive Blockchain, Ribon, Transak, and United Africa Blockchain Association.Commenting, Andy Ji, Co-founder of Ontology said, “The purpose of Celo to empower anyone with a smartphone to access digital currencies and ultimately foster a fairer financial system resonates strongly with our values at Ontology and we are thrilled to be joining the Alliance. We look forward to collaborating with other like-minded industry leaders to offer our ONT ID solution, with a view to jointly exploring identity-based DeFi applications built on Celo such as decentralized universal basic income or decentralized credit scores.”Celo is an open blockchain platform that makes financial tools accessible to anyone with a mobile phone. It can be leveraged to build an ecosystem of powerful mobile applications, ranging from easier cash transfer programs to peer-to-peer lending, international remittances to digital assets and wallets. Celo’s digital currency — the Celo Dollar stablecoin — provides people all over the world with a stable, secure, inexpensive, and easy way to move money and engage in financial activities that were previously inaccessible to them. Ontology will also be adding Celo to the ONTO wallet app for users to easily store and send Celo.Chuck Kimble, Partner at cLabs and Head of the Alliance for Prosperity, said, “We are excited to see the Alliance grow by nearly 50% since our initial announcement in March, with organizations committed to creating prosperity, especially in Africa and Latin America.”With a primary focus on delivering a fast, user-friendly platform with a unique infrastructure that supports robust cross-chain collaboration, Ontology provides businesses with the tools to design their own blockchain solutions securely. Powered by the Ontology Token (ONT), the distributed collaboration platform allows businesses to enjoy the benefits of smart contracts and tokenization while retaining control of their sensitive data.“The Celo Alliance for Prosperity is committed to bringing together an ecosystem of diverse organizations, all of whom are aligned in their mission of increasing financial inclusion through blockchain technology. We look forward to seeing the innovative financial solutions members of the Alliance are creating in response to major global challenges,” Ji concluded.The news comes off the back of Ontology’s recent partnership with Venezuela Blockchain, an organization committed to leveraging emerging technologies as tools for socio-economic development in Latin America.About the Alliance for ProsperityThe Alliance for Prosperity is an ecosystem of mission-aligned organizations including nonprofits, merchants, and payment processors fostering social impact and financial inclusion through the use of blockchain technology. In support of mobile-first open blockchain platform Celo, the Alliance provides infrastructure and education to enable more people to use digital currencies — specifically, the Celo Dollar stablecoin — in the geographies that need it most. Each member’s combined contributions make it easier to move digital currencies around the world and create accessible financial tools on the Celo platform, with diverse use cases including remittances, humanitarian aid, payments, and microlending.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInOntology Joins Celo Alliance for Prosperity to Accelerate Financial Inclusion was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

20. 05. 05

Ontology Monthly Report — A...

Ontology Monthly Report — April 2020When one is fully devoted into one’s work, time fleets away in a second. Here we are, ending the fruitful April and entering into an exciting May.Ontology’s Keywords this month:Layer 2/ONTO v2.8.0/Chamber of Digital Commerce/Binance (ONT-33D)/NFTRead the monthly report in your local language in just one click! English monthly report is attached below all the multi-language links.中文繁體中文한국어日本語русскийEspañolTiếng ViệtItalianoසිංහලTürkTagalogفارسیLayer 2- Completed 50% of the optimistic rollup’s minimized realizationMainNet Optimization- Ontology 1.9.0 is available on MainNet- Completed the optimization and audit of DHT and P2P network, will go live on TestNet soon ONTO v2.7.1 Release- Added support for NFTs (Non-Fungible Tokens) - Kicked off the #MyFirstNFTonONTO campaignONTO v2.7.3 & 2.7.4 Release- Added support for a series of NFT campaigns and the Bibox campaignONTO v2.8.0- Added support for Bitcoin (BTC) transactions- Newly added page for stablecoins - NPay now supports salary payments for enterprisesExplorer v2.3.0 Release- Newly added list of OEP-5 assets and now displays NFT asset images- Optimized transaction history, enhanced the performance of the transaction API - Optimized the CDN (Content Delivery Network), with a decrease in loading time - Optimized UI and fixed a few bugs ont.io- Added more members to team page and updated the hiring page dApp- 61 dApps launched- 5,247,392 transactions, an decrease of 37,659 transactions since last monthCommunity Growth- Telegram: monthly net growth of 1,853+ people, significant growth in Russian, Tagalog, Vietnamese, Sinhala, Bangaldesh and Hindi communities.- Newly added Ontology Nigeria and Pakistan communitiesBounty Program- The Bounty Program page is under development, will be upgraded soon - 493 applications, 7 newly added- 37 tasks, 50 teams, 20 teams working on tasks- 30 teams finished tasks and received rewards News Release- Ontology has officially joined the Chamber of Digital Commerce, along with leading global organizations including Accenture, Deloitte, IBM, Microsoft, Citi and Cisco- The Ontology Foundation released its latest Financial Report. As of Mar 31, the total assets managed by the Foundation were valued at approximately US $258,251,842- Binance has launched a new token pegged to ONT on Binance Chain, providing the ability for decentralized trading between ONT and BNB. ONT-33D is a BEP-2 token backed by ONT at a 1:1 ratio. It launched for trading on Binance DEX on April 21, 2020- Through Bitnovo, Ontology’s European users can now easily buy and sell ONT and ONG at 36,000 stores in Europe with cash on Bitnovo’s website, as well as top up their Bitsa card with ONT & ONG.- Ontology announced a recent strategic partnership with Moonstake- Venezuela Blockchain became the 1st Ontology GCC (Global Community Contributor) node- Development has begun to connect Ontology with Filecoin to provide users with decentralize storage services- OKEx Pool, one of Ontology’s consensus nodes, has launched an ONT staking serviceGlobal Event- Andy JI, Co-Founder of Ontology, was invited to a Burency AMA for the Ontology Arabic community. He received 1,000+ questions from participants- An Ontology core team member attended INATBA’s Roundtable, presenting a proposal to the World Health Organization (WHO) to set up a bespoke donation dApp for a COVID19 response fund to help make donations while utilizing our blockchain to record transactions safely and securely.- Ontology launched an AMA with Bibox, interacting with influencers in the Ontology Russian Community and the Bibox community. ONTO tutorial videos in Russian have been released. Users will receive the bonus once they use ONTO.- John Izaguirre, Ontology’s Europe Ecosystem Lead, was invited to an online roundtable held by Iconic Holding. In this webinar, John shared his view on the latest market movements and the coming effect of coronavirus on traditional and global crypto markets and how investors should handle the current market conditions.- Kicked off the Ontology NFT Medal Challenge 2020. Monthly NFT-related campaigns will be run over the next 9 months. After completing monthly tasks, users will be eligible to redeem limited edition NFT medals. A complete collection of 9 medals will give users a key to open the ONTO 2020 Treasure Box.- Erick Pinos, Ontology’s Americas Ecosystem Lead, was invited to give an online talk to BEN Turkey, an association of student blockchain clubs at universities across Turkey. Erick spoke about Ontology’s identity platform and its use cases for COVID-19 and the general medical industry. He also gave links to resources for Turkish university students interested in getting more involved with Ontology developmentRecruitment- Protocol Expert- Data Product Manager- Engineer (Android)- Senior Solutions Associate- Global Marketing Manager- Global Development Manager- Social Media Associate- Chief Editor-Asia Observatory- Finance Accountant New Team Member- 1 QA EngineerContact- Contact us: contact@ont.io- Apply now: careers@ont.ioFind Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInOntology Monthly Report — April 2020 was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

20. 05. 01

250 Million Pieces of OGQ D...

Ontology, the high-performance enterprise blockchain, has announced a partnership with global social creator platform OGQ. The collaboration will allow OGQ to leverage the Ontology blockchain to increase copyright protection for its content creators, while also presenting users with a new opportunity to purchase digital asset content using OEP-4 tokens.Andy Ji, Co-founder of Ontology said, “With 14 million OGQ creators, 54 million pieces of digital asset content has been uploaded to OGQ since it was first founded in 2011, making it one of the leading platforms for connecting creators with fans. One of the greatest challenges for digital content creators is the ability to maintain copyright over their work. Through our partnership, 250 million pieces of OGQ digital asset content will be housed on the Ontology public chain, which will be the largest public blockchain attestation so far, ensuring the copyright is fully protected and users are rightfully recognized.”The growing social creator platform, OGQ, enables content creators to upload and sell their digital asset content, including emojis, images, videos, music, new fonts, stickers, and memes to fans, and keeps working on providing greater copyright protection for creators in their network. Ontology will provide users with the opportunity to purchase digital asset content using OEP-4 tokens on the Ontology public blockchain, and creators will also have the opportunity to receive token rewards.Jess Eun, Blockchain Business Developer at OGQ said, “At OGQ, our focus is on providing our creators and fans with the best possible platform to trade digital asset content. The flexibility of Ontology’s technology will allow us to build a decentralized system that suits the needs of our users. The Ontology blockchain will transform global OGQ markets for digital asset content, by providing our users with greater security, protection, verification, and scalability, and by allowing them to purchase digital content with OEP-4 tokens.”Ontology delivers a fast, user-friendly platform with a unique infrastructure that supports robust cross-chain collaboration, providing businesses with the tools to design their own blockchain solutions securely. Powered by the Ontology Token (ONT), the distributed collaboration platform allows businesses to enjoy the benefits of smart contracts and tokenization while retaining control of their sensitive data.Ji concluded, “OGQ’s close collaboration with Naver, a leading Korean search engine, and AfreecaTV, a live streaming social media platform with more than 25 million users, makes it an ideal opportunity for Ontology to grow alongside a large-scale digital marketplace. As OGQ continues to expand, Ontology will be on hand to provide continuous technical support to help cater to the platform’s growing demand.”About OGQOGQ is a Social Creator Platform where content creators can upload and sell digital asset contents (including stickers, images, videos, fonts, music, music score, etc.) that their fans can view in streaming mode and download for wider use. There are around 14 million active creators in Global OGQ Markets such as the OGQ Backgrounds APP, Naver OGQ Market, and AfreecaTV OGQ Market. The MAU of the platform is 6 million, and accumulative downloads of asset contents have surpassed 2.6 billion times. OGQ started with the philosophy to rebuild creators’ rights. It helps connect creators with fans and services and returns 70%~100% of content revenues to creators. It is also leading the protection of copyright through blockchain technology for a creators’ ecosystem featuring both content authentication and safe transaction.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedIn250 Million Pieces of OGQ Digital Asset Content to be Housed on the Ontology Blockchain was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

20. 04. 27

Ontology x Burency AMA Recap

On April 23rd, Ontology and Burency hosted an AMA on Telegram to answer questions from the community and share current and future developments of Ontology.Ontology’s Co-Founder Andy JI and the Burency team answered questions from the community.Questions answered by Andy JiGeneralQ1. Ontology far from the only impressive DLT project focused on digital identity and trust. How are you different from other projects & who can use your services? The Ontology’s goal is to become the Decentralized Trust Ecosystem. So what are the difficult issues you are still facing and how will you solve them?Ontology is an enterprise-level DLT platform, devoted to providing solutions to large-scale enterprise application scenarios. Most of the enterprises we work with are large to medium enterprises that require time and effort. We believe in the next 2–3 years, the blockchain platform will become mainstream.Q2. How will your team ensure that Ontology remains the top platform and keep pace ahead of your competitors, in the next 5 years and beyond?First, we have enough fund support, over 20 million USD assets which guarantee that we have sufficient funds to support the development of the project, you can check our latest financial report here.Second, we have adopted an easy and straightforward strategy: focusing on payments and common platforms for developers. You can consider it as a faster, cheaper payment platform than Ripple, and a better, more user-friendly platform for developers than Ethereum. It will help us create more revenue to support long-term development.Q3. “MainNet Launch” is one of the strategies to attract users and achieve massive adoption. Does your great project have a plan about MainNet Launch?Our MainNet was launched on June 30th, 2018, and has been running stably since.Q4. As we know, every successful project has a few stories behind the scenes, what’s the story behind ONT team success? What was that vision when it first emerged as an idea? Are there any special prototypes or upcoming Cartesi updates that you want to show/share with us?We plan to launch our freelance platform powered by blockchain. Under the current global pandemic, people need work to earn income and cover expenses. This platform will help people to work remotely and in a decentralized way to help them overcome this crisis. We want to develop more applications and platforms to create more values for society. The more value we have, the more value will be added to the ecosystem.Ontology & MicroWorkers Partner to Enhance Global Freelancing MarketplacesQ5. What’s the philosophy behind #ONTOLOGY and what its aim? Any future plan for expanding the ecosystem in the USA in the future?Ontology is a 100% philosophy term. Our goal is to build the infrastructure of the next-generation Internet. We want to serve and empower the real world with our blockchain technology, digital identity, and assets.We are actively talking with Coinbase and Kraken to enter the US regulated markets, we also work with our partners in the US such as the Chamber of Digital Commerce to gain access to more VC funds and enterprises to expand our use cases. We already have a US team and believe that we will be the fastest-growing projects in Asia.Q6. To create a meaningful value of a token you need to create something meaningfully different than the rest, to stand out over them. So what makes ONTOLOGY standout, what uniqueness with of ONTOLOGY that you are creating for the coming years?The most meaningful things are digital currency and digital identity. In terms of digital currency, the central banks can create a digital currency whilst enterprises can build stablecoin. The competition is fierce. Therefore, we focus more on the identity side, and we have already built the identity platform with most users. We will be joining ID2020 soon to help global users acquire identity and enable them to be part of the identity system.Q7. Blockchain is a rapidly changing industry. Is it possible to quickly change the design or infrastructure of Ontology to match blockchain updates?That’s our unique strength. Since we have more than 150 in-house tech teams and 200+ community developers. we can easily support new features and milestones changing.TechQ8. What strategies does ONTOLOGY use to provide security to its users and prevent data theft?Our strong engineering team is working on a top-class security infrastructure construction. We are also in compliance with strict data protection regulations, such as the European GDPR standards. In the meantime, our core nodes adopted leading node operations in Europe and the US, such as Bison Trails. Ontology has also invested 1.5 million USD into the blockchain security field. We believe that the security and safety of blockchain assets are our highest priorities. You can find more information about Bison Trails here:Libra Association Member Bison Trails adds Ontology (ONT) nodes to platformQ9. As we know ontology’s recently appeared rival is Cosmos. So what’s the actual benefit of that to both of the projects i.e cosmos and ontology?Both Cosmos and Ontology are working on interoperability. Although we use different tech solutions, we have the same target and goal. The cross-chain between Cosmos and Ontology is currently under development.Q10. What is a smart contract on the ONT basis? Benefits of smart contracts? What are its advantages and disadvantages?Python is preferred. A super-fast WASM was activated on Ontology which enables us to offer a more competitive dev environment comparing to EOS.Q11. As we know, the ETH network often has problems with scalability. So, as a project which is aiming to solve existing high-performance problems. What scalable technology do you think is the most efficient solution at this moment? Do you think That you can compete with ETH when they release ETH 2.0? Can scalability problems affect the operation of ONT when there is high volume traffic on throughput? If yes, what will be your team solutions?Right now, the Ontology main network has achieved 10K TPS. It has already faster and cheaper than Ethereum. Personally, I think sharding will be a good solution. So I have been tracking a new project named — Near protocol. Meanwhile, we had launched our own sharding solution. Meanwhile, we have cooperated with a layer0 solution — bloXroute. They will enhance our framework to achieve much higher TPS.Btw the progress of ETH2.0 is quite slow. Time is money. We have to hurry up and offer a more realistic solution earlier than ETH.Q12. How can developers contribute to your project and how do you make a plan to get them involved? What products have been launched by ONT and is there a new product from ONT that will be introduced in the future?Join our bounty program. It’s the best way.Q13. What does it mean for the Wasm contract to support third-party libraries? What are the advantages of languages ​​such as C++, Rust, Go, and Assembly Scripts supporting Wasm bytecode?WASM is a global standard. It will bring more traditional developers to this area, then comes the more applications and adoptions, the more healthy ecosystem development.TokenomicsQ14. Ontology uses a dual token (ONT and ONG) model. What’s the purpose behind a DUAL TOKEN system, can you state the Utilities of both ONT and ONG, what are their differences and similarities and are they Swappable?Please refer to our Medium article below:A Breakdown of The Ontology Dual-Token ModelQ15. What is the leading Utility of ONT? And what is the tokenomics of it?It’s an all-in-one utility token. You can consider it’s USD on the Ontology network. If we can link with a different separate blockchain network, you can use ONT to pay salaries, pay bills, and interact with your smart car. I hope we can build a real and useful digital currency.Q16. I Am interested in just generating ONG, can you explain more about the ONG Generation. Will I be able to generate ONG for life or is there a scheduled time it would stop?The best way is to staking into the top 10 nodes or any staking platform is promoting. You know Ontology doesn’t have an inflation rate. So you will have a beautiful fixed reward.Q17. “Token burn” is beneficial for any projects, in able to control the number of token circulation and to provide greater incentives to investors. Does your great project have a plan about token burn?We have made several million USD returns through our ecosystem investment. It will be used to buy back our token. However, we don’t think “token burn” is useful for the long term. Because ONT is a real utility token. If it doesn’t have enough supply, how we can get the token?PartnershipsQ18. Recently you have partnered with @DigitalChamber, what would be the partnership about? and what are the use cases of creating ONT-33D on Binance Chain?The Chamber of Digital Commerce is the world’s leading trade association representing the digital asset and blockchain industry. We can use its network advantages to apply Ontology’s blockchain technology into real business scenarios in the US market. We have made connections with the top 500 companies, and we look forward to building enterprise-level business scenarios through future cooperation.Ontology Joins Digital Chamber of Commerce to Continue Global Blockchain AdvocacyONT-33D is a BEP token issued by Binance. We would like to further explore the application scenarios of ONT token by the interaction of cross-chain assets. We aim to expand use cases with the support of Binance’s ecosystem.ONT-Pegged Asset Added to Binance Chain Providing an Alternative for Trading Major CryptocurrencyQ19. Which types of partnerships you’ve recently done with OpenSea? Which types of benefits Ontology will get for these partnerships?Our digital identity client, ONTO supports NFT assets and transactions. In the future, we will support cross-chain NFT transactions, just like Nike-Adidas NFT shoes, we look forward to realizing the tokenization of real goods soon.Everything you need to know about Non-Fungible Token on ONTOQ20. What are the benefits to both parties in the integration of the Ontology ecosystem and the Filecoin ecosystem?We aim to provide the infrastructure of Web 3. Filecoin provides one of the best Web 3 storage services, we are connecting with Filecoin to build a win-win ecosystem. You can learn more from below:Ontology Connected with Filecoin to Provide Storage ServiceQ21. You have started a partnership with Chainlink. What benefits will this partnership bring for the Ontology Ecosystem and ONT token holders?We are building a Defi ecosystem and Oracle is a necessary modular for the native Defi program. I think Chainlink will help us to become a mainstream Defi alternative option for the Defi developers. Meanwhile, we can leverage our resources to expand the operation and create cash flow through the Defi operation.StakingQ22. Explain more about STAKING. Do I need to keep my computer turned on 24/7? What are the computer/machine requirements for staking? How long does each round last? Do I need to re-stake every round? What are the Returns like?No, we adopted a soft-mining method, so you don’t need to keep your devices 24/7 unless you are a consensus node or candidate node, you don’t need to run the operations. The above soft-mining approach is a flexible approach provided by Ontology. You can find more information here.Here is a tutorial for Ontology Staking, you can learn more about how to earn passive income with Ontology Staking.Ontology: Staking 101ONT IDQ23. One Fascinating feature of ONTOLOGY is the ONT ID — Ontology uses the Ontology Identifier (ONT ID). Can you explain more about this and how I can get and access it? How does it differ from other security protocols like DIGI — ID, 2FA, etc?ONT ID is a decentralized identity compatible with W3C DID specification, which means it is a product that can be used universally. Everyone can create their own ONT ID with the ONTO wallet, and people can manage multiple blockchain asset addresses, real identities, and their trust records from our digital identity client. You can read more about ONT ID here:Everything you need to know about the ONT ID digital identity walletONTOQ24. I like using your app ONTO, can you say us something about it, your plans on ONTO, and vision? What dApps you are planning to add there?Adding stablecoin options like Celo, Libra, etc.. We will also add more Defi program and upgrade our user experience. The main upcoming update is that we will launch the Spanish version soon.Defi & dAppsQ25. Defi and dApps are 2 pillars primed to rule 2020 in crypto space, what’s Ontology approach to Defi and dApps?We used a regional strategy. For instance, in Japan, the gaming industry is very popular, so we develop a blockchain gaming ecosystem there. In the US and European markets, we focus more on the finance side, like stablecoin, asset management, Defi and etc. We identify the best partners to make joint efforts and build dApps on the Ontology blockchain.Q26. What specific area is Ontology focusing on right now? (Defi, dApps) ?Defi especially payment, data sharing, and society management.CommunityQ27. What plans does Ontology have to promote cooperation & develop cooperation in the community? If anyone has an idea that works well on Ontology, how can we get support?We definitely support all useful and valid business ideas. You can refer to our Olympus accelerator program include incubation, marketing, development training.COVID-19Q28. Many blockchain projects have donated to COVID-19 but I didn’t hear any news from Ontology. What’s your plan to so help donate to fight COVID-19?We have donated masks to our ecosystem partners in the Americas area and EU regions.Questions answered by the Burency teamQ29. Hello, About Burency platforms. Why did you choose insurance discrimination? And why did you choose the platform’s headquarters in London instead of Dubai?Our headquarters are in Dubai but our insurance provider is Lloyds which based in London.Q30. ONT is already on Binance Exchange. But why are did u decide to be listed on Burency?Ontology is a high-performance public blockchain and distributed collaboration platform. Architected in Asia with global teams, Ontology’s unique infrastructure supports robust cross-chain collaboration, Layer 2 scalability, and includes a suite of decentralized identity (DID) and data sharing protocols to enhance the speed, security, and trust that are fundamental to enhanced global cooperation among businesses. For Burenccy, it is a very promising project.We did our research about the business and the growth of the project and We find that the Ontology project has a great vision with a great team and community. And it’s our pleasure to have ONT on our Exchange.Q31. Currently, staking is not available on Burency. Any plan to change that? If yes, will you consider allowing users to stake $ONT on Burency?Yes, the Staking program will be available in our main version which will be launched soon in the next few months. About ONT staking, we are working with ONT Team together to make this happen.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInOntology x Burency AMA Recap was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

20. 04. 26

Ontology Weekly Report (Apr...

Over the past week, Ontology has been closely communicating with partners and community members across the world. In this weekly report, you will find the results of our online campaign for the Ontology Russian community, the growth of the Ontology Pakistan community, news of our partnership with the Chamber of Digital Commerce, and updates on Ontology’s nodes. We would also especially like to introduce the newly launched ONT-33D token. ONT-33D is a BEP-2 token launched on Binance Chain backed by ONT at a 1:1 ratio. It is currently listed on Binance DEX.Find more information below and let’s cherish the last week of this month! (Can’t help to say how time flies.)Back-end - Completed 20% of smart contract API optimizations Product Development · ONTO - The online campaign on ONTO for the Bibox Russian community has attracted about 800 active participants · ont.io- Newly added members to team page and updated hiring pagedApp - 62 total live Ontology dApps - 5,326,273 total transactions, representing an increase of 14,568 transactions Bounty Program - The Bounty Program page is under development, will be upgraded soon- The technical community has been invited to raise up new bounty ideas via https://bounty.ont.io/- Added one new application for the Technical Documentation Translation and one for the SDKs Community Growth - The Ontology Chinese, Sri Lankan, Philippines, and Italian communities have gained 441 new members- The newly opened Ontology Pakistan Community has gained 166 members- Our Philippine community 1-year anniversary event is currently ongoing Newly Released - The Ontology Foundation released its latest Financial Report, which covers expenditures & assets under management from Dec 2019 to Mar 2020. By Mar 31, the total assets managed by the Foundation were valued at approximately US $258,251,842- Ontology has officially joined the Chamber of Digital Commerce, the world’s leading trade association, along with leading global organizations including Accenture, Deloitte, IBM, Microsoft, Citi & Cisco to continue global blockchain advocacy and adoption- OKEx Pool, one of Ontology’s consensus nodes, has launched an ONT staking service- Binance has added a new token pegged to ONT on Binance Chain, providing a decentralized alternative for trading between ONT and BNB. ONT-33D is a BEP-2 token backed by ONT at a 1:1 ratio. It became available for trading on Binance DEX on April 21, 2020 Global Events - Ontology has been invited to the 72-hour, non-stop, virtual crypto conference REIMAGINE 2020 by MouseBelt this May 4. Erick Pinos, Ontology’s Americas Ecosystem Lead, will be giving a keynote and a workshop at the event to contribute to blockchain educationFind Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInOntology Weekly Report (April 15–21) was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

20. 04. 22

ONT-Pegged Asset Added to B...

We are pleased to announce that ONT-33D, a crypto asset pegged to Ontology (ONT) tokens, has been issued on Binance Chain, a bespoke blockchain network for crypto transactions developed by Binance and community developers. As part of the announcement, Binance has also announced plans to list the ONT-33D asset on Binance DEX, the decentralized exchange feature developed on top of the Binance Chain.Andy Ji, Co-founder of Ontology, said, “Today’s announcement continues the groundswell of momentum we have been experiencing at Ontology so far in 2020. The issuance of ONT-33D on Binance Chain is a firm seal of approval for the ONT token from one of the world’s most revered blockchain companies and digital asset exchanges. This move underscores our ambition to play a central role in the ongoing deployment of digital assets on a global stage, and we look forward to leveraging the burgeoning Binance ecosystem to extend the reach of ONT to new swathes of proficient traders.”Binance has also announced plans to make ONT-33D, the BEP2 token backed by ONT with 1:1 correlation, available for trading on Binance DEX. Binance will issue an initial tranche of approximately 1.5 million ONT-pegged tradable tokens on Binance DEX, with additional tokens expected to be added periodically in line with market demands.Launched in April 2019, Binance DEX has quickly ascended as a leading global decentralized exchange, emerging as the venue of choice for a growing number of quality assets and traders. Binance DEX is the first platform that offers ONT users access to decentralized trading services, allowing them to trade ONT while having full control over their assets, expanding the use cases of ONT and broadening token liquidity. Earlier this month, UK-based online banking platform Cashaa announced a fiat gateway for BEP2 tokens on Binance Chain, meaning BEP2 tokens can be converted into all legal tender.Powered by the Ontology Token (ONT), the distributed collaboration platform allows businesses to enjoy the benefits of smart contracts and tokenization while retaining control of their sensitive data. Ontology supports all ERC-20 tokens and in-dApp stablecoins, with a node staking feature expected to be integrated with the Binance DEX. This will provide further DEX services for ONT users and enable them to maintain complete control over their assets while contributing to essential ecosystem governance processes.About OntologyOntology is a high-performance public blockchain and distributed collaboration platform. Ontology’s unique infrastructure supports robust cross-chain collaboration and Layer 2 scalability, offering businesses the flexibility to design a blockchain that suits their needs. With a suite of decentralized identity and data sharing protocols to enhance speed, security, and trust, Ontology’s features include ONT ID, a mobile digital ID application and DID used throughout the ecosystem, and DDXF, a decentralized data exchange, and collaboration framework.About Binance ChainBinance Chain is a blockchain software system initially developed by Binance and the community. Binance Chain is a community-driven development project with many developers and contributors from all over the world. Binance DEX is the decentralized exchange feature developed on top of the Binance.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInONT-Pegged Asset Added to Binance Chain Providing an Alternative for Trading Major Cryptocurrency was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

20. 04. 21

Ontology Joins Digital Cham...

Ontology is proud to announce that we have officially joined the Digital Chamber of Commerce, the world’s leading trade association representing the digital asset and blockchain industry.Comprising more than 200 industry leaders from around the globe, including some of the world’s leading financial and technology companies such as Accenture, CITI, CISCO, Deloitte, IBM, Microsoft, Binance US, Bitpay, Ripple, and R3, the Digital Chamber of Commerce aims to promote the acceptance and use of blockchain technologies and digital assets by fostering a more inclusive business environment.Seeking to tackle major industry challenges, the Chamber’s top three priority areas include: education and advocacy; anti-money laundering and terrorist financing prevention; and achieving greater regulatory clarity for digital tokens.Commenting, Andy Ji, Co-founder of Ontology said, “Ontology is proud to have officially joined the Digital Chamber of Commerce. By tackling macro barriers to the widespread adoption of blockchain and digital assets, together we can achieve more and create a better environment for everyone to learn and interact.“The Digital Chamber of Commerce’s commitment to working closely with policymakers, regulators, and industry to bring about a blockchain ecosystem that encourages adoption, innovation, and investment is pivotal to the long-term growth and sustainability of the industry. Ontology looks forward to working with the Digital Chamber of Commerce and all of its members to increase awareness and understanding of the many benefits blockchain and digital assets have to offer.”Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInOntology Joins Digital Chamber of Commerce to Continue Global Blockchain Advocacy was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

20. 04. 20

Ontology Connected with Fil...

Ontology is currently developing and connected with Filecoin to provide users with storage services. It will be available for users to use their own ONT ID to send and receive the files via hashes in the near future.Usually, we have to share files with each other using the third-party software and there may exist risks of privacy leaks. Filecoin, as a decentralized storage network, is designed to store humanity’s most important information. Filecoin aims to build a decentralized market for storage. The Filecoin network achieves staggering economies of scale by allowing anyone worldwide to participate as storage providers. It also makes storage resemble a commodity or utility by decoupling hard-drive space from additional services.With the existing Ontology technology, Ontology will integrate Filecoin Address and CID (Content Identifiers) to our decentralized identification protocol which is ONT ID to bridge Filecoin. In this way, the storage, withdrawal and other functions of Filecoin will be available on ONTO via ONT ID.As we all know, Web 3.0 is the next generation of the Internet which enables a smarter Internet and an easier life. It requires a joint collaboration amongst different organizations, foundations, tech teams, and is consisted of multiple infrastructures. Decentralized identity and distributed storage are the backbones of Web 3.0.Ontology and Filecoin are one of the best in decentralized identity and distributed storage technology respectively. Ontology DID helps guarantee the privacy and security of user identity and data, enable users to control their own identity and data. Filecoin, on the other hand, provides users with the ability to store data.The integration of the Ontology ecosystem and the Filecoin ecosystem will form a larger-scale network effect that shall improve the values of both communities and achieve a win-win situation.In addition, if the Ontology ecosystem connects with FIL, for Ontology users, a closed-loop will be formed which includes self-management, storage, usage, and exchange, further promoting the data self-management and data flow.Ontology will make joint efforts with Filecoin to provide decentralized storage service. We will update the progress of Ontology and Filecoin afterwards. Please wait and see.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInOntology Connected with Filecoin to Provide Storage Service was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

20. 04. 13

Ontology’s proposal to the ...

Recently, a number of Ontology team members attended the International Association for Trusted Blockchain Applications (INATBA) Virtual Roundtable, which took place on Monday, April 6th. The event aimed to give developers an opportunity to interact with regulators and policymakers and establish ways in which blockchain technology can be used to tackle current global challenges. Ontology contributed to the meeting along with other leading platforms such as Accenture, ComGo, Consensys France, Helix, and Recheck.With a view to broadening contributory avenues for the World Health Organization’s COVID-19 Solidarity Response Fund, Ontology presented a proposal to set up an Ontology official dApp for crypto donation to help collect donations made in crypto, while utilizing Ontology’s blockchain to record transactions safely and securely. As part of the proposal, Ontology’s partnership with Noumena would also be leveraged to create a bespoke VISA-like INATBA Charity Card to help convert collated crypto into fiat in real-time, before being donated to the official WEF/WHO account.Commenting on the proposal, Ontology Co-founder Andy Ji said, “This week the INATBA Roundtable played host to a very timely discussion around the significant role blockchain can play in addressing some of the societal challenges stemming from the COVID-19 pandemic. It was an honor to present our official dApp for donation campaign proposal, demonstrating how the strength and depth of the Ontology network can be harnessed to expand donation streams for the World Economic Forum and World Health Organization’s COVID-19 Solidarity Response Fund. We look forward to furthering engagement with INATBA going forward, and are unwavering in our commitment to providing the tools and resources to raise much-needed funds to help individuals impacted by COVID-19.”The INATBA symbolizes a confluence of representatives across a range of verticals, including industry officials, SMEs, policymakers, and regulators. The mission of the Group is to accelerate the cross-sectoral deployment of blockchain and Distributed Ledger Technology (DLT) and to champion efforts to promote an open, transparent, and inclusive global governance model for blockchain and DLT.If you have any questions or feedback, please contact us via contact@ont.io.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInOntology’s proposal to the WEF and WHO to set up Bespoke Donation dApp for COVID-19 Response Fund was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

20. 04. 10

Venezuela Blockchain — the ...

Venezuela Blockchain — the First Ontology Global Community ContributorEarly this February, to expand our global influences, build a better ecosystem, the Ontology GCC program is introduced to the community.This April 7, we are pleased to announce our first Ontology GCC node: Venezuela Blockchain, an organization committed to leveraging emerging technologies as tools for socio-economic development in Latin America. The collaboration will see Venezuela Blockchain engage Ontology’s technology to underpin a number of initiatives designed to benefit the wider Latin American community.Among the initial solutions proposed as part of the collaboration is a planned integration of the Ontology platform into Venezuela Blockchain’s Family Social Program charity to provide a basic income to Venezuelans. Ontology, alongside one of its partners, Microworkers, will also be empowering Latin Americans to find task-based work online and receive payment in crypto.Erick Pinos, Ontology Americas Ecosystem Lead, said, “Venezuela’s vibrant blockchain community is fueling the country’s ascent as a dynamic hub of DLT activity, and we are excited to open the doors to crossover collaborations between members of both the Venezuelan and Ontology communities. Today’s announcement gives expression to our commitment to broadening our own community horizons, and delivering tailored DLT solutions that will empower citizens globally.”Alberto Guerrero Montilla from Venezuela Blockchain said, “Our country’s continued growth depends on the development of projects designed to guarantee the business and social expansion of our community, coupled with sustained adoption of new technologies. The reputable and proven performance of the Ontology platform has the potential to be the engine that powers the creation of new systems, enabling our push towards decentralization, and paving the way for practical applications that will empower citizens and increase prosperity among our community.”With a primary focus on delivering a fast, user-friendly platform with a unique infrastructure that supports robust cross-chain collaboration, Ontology provides businesses with the tools to design their own blockchain solutions securely. Powered by the Ontology Token (ONT), the distributed collaboration platform allows businesses to enjoy the benefits of smart contracts and tokenization while retaining control of their sensitive data.“Our advanced, innovative, and high-performing public blockchain network is well equipped to broaden opportunities for innovation in Latin America. The spirit of collaboration and a strong appetite for technological exploration within Venezuela’s burgeoning blockchain community will be a source of tremendous inspiration as we continue on this steady arc of growth that has defined our journey thus far, ” concluded Pinos.Venezuela Blockchain is an organization focused on Venezuela’s socio-economical shift through the implementation of expansion techniques tailored to fit the needs of a growing country. Their mission is to enable the adoption, development, and expansion of the blockchain universe through strategies that can be applied in their country through the direct promotion of available blockchain services.Want to be our next GCC? Send your CV to gcc@ont.io, a short description of yourself and the reason why you apply will be welcome.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInVenezuela Blockchain — the First Ontology Global Community Contributor was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

20. 04. 08

Ontology Inks Partnership w...

Partnership established to promote staking activity in Japan and power community engagementOntology is delighted to officially announce an exclusive partnership with Moonstake Pte, a leading blockchain and staking technology company. The strategic partnership is geared towards elevating the status of Proof-of-Stake (PoS) transaction validation in Japan while exploring opportunities for collaboration around community engagement initiatives and the promotion of staking activity.Specializing in staking and blockchain technologies, Moonstake’s scalable staking pool protocol for token holders limits the operating costs related to sudden user base expansion. Staking adopts Proof-of-Stake (PoS) as a type of consensus algorithm, enabling crypto holders to leverage their holdings for rewards while providing operation-critical support to blockchain networks.Establishing a clear partnership roadmap with Moonstake represents another significant milestone for Ontology as we continue to strengthen ties with leading platforms across Asia’s burgeoning Distributed Ledger Technology (DLT) ecosystem.As part of the new alliance, Binarystar, Japan’s largest blockchain hub, and Moonstake partner firm, will provide strategic marketing counsel to both platforms, while offering unrivaled market insights and event support.Commenting on the announcement, Ontology’s Co-Founder Andy JI said, “We are firmly committed to broadening the deployment of ONT tokens as far and wide as possible, within vibrant markets. This partnership enables new swathes of staking users to delegate their own ONT in Moonstake’s diverse staking pool and will lead to a confluence of joint community engagement between our platforms. Moonstake and Binarystar share our vision to drive mainstream adoption of blockchain technology while cementing Asia’s position as a dynamic blockchain hub defined by robust competitiveness.”If you have any questions or feedback, please contact us via contact@ont.io.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInOntology Inks Partnership with Staking Technology Company Moonstake was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

20. 04. 08

Ontology Weekly Report (Apr...

Ontology has had a very fulfilling week of technical and community developments. We’ve made some new partners, launched multiple community campaigns, and shared our opinions and insights in several media interviews.Below, you will find more information about our progress, including tech and product improvements, a remarkable growth in our global community, and a new card service that uses ONT and ONG.Back-end- Completed the DHT (decentralized hash table) protocol development- Completed the code optimizations for the network layerProduct DevelopmentONTO v2.7.0 Release- Released support for Non-fungible token (NFT) marketplaces- Currently undergoing the #MyFirstNFTonONTO campaign- Received 400+ submissions from the Ontology global community- 5000+ users took part in the lucky draw and 1,447 NFT medals were awardedExplorer- Completed Explorer v2.3.0 functionality, will go live soondApp- 62 total live Ontology dApps- 5,298,236 total transactions, representing an increase of 16,041 transactionsBounty Program- 1 new application for Technical Documentation TranslationCommunity Growth- The Ontology Bangladesh community is growing rapidly, with a remarkable increase of 1,266 new members within one week- The Ontology Vietnamese, Hindi, Turkish, Tagalog, Russian and others are also growing- The Ontology Nigerian Community has been launched with designated community leadersNewly Released- Announced a strategic partnership with Moonstake. With this collaboration, more Japanese stakers will be attracted to delegate their ONT to the Moonstake platform- Commentary provided by Erick Pinos, Americas Ecosystem Lead of Ontology, on Binance’s acquisition of CoinMarketCap, was featured in Cointelegraph- In a new collaboration with Bitsa, users can now top up Bitsa cards with ONT and ONG. Integrated with Bitnovo, Bitsa enables users to make SEPA transfers, ATM cash withdrawals, and secure payments at any store around the world that supports VisaGlobal Events- Kicked off the Ontology NFT Medal Challenge 2020. Monthly NFT-related campaigns will be ran over the next 9 months. After completing monthly tasks, users will be eligible to redeem limited edition NFT medals. A complete collection of 9 medals will give users a key to open the ONTO 2020 Treasure BoxLaunched a social campaign alongside Bibox with a total of 6,000 ONG rewards for the Ontology Russian communityFind Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInOntology Weekly Report (April 1–7) was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

20. 04. 08

Use ONT and ONG to Top-Up Y...

Latest collaboration comes fresh on the heels of recent news that both tokens will be listed and tradable on leading crypto platform Bitnovo.Today, we’re pleased to announce that Ontology (ONT) and Ontology Gas (ONG) tokens are now eligible for top-ups on Bitsa card, the prepaid card solution integrated with Bitnovo. Bitsa leverages the Verified by Visa system to enable users to make secure and seamless payments using their favorite cryptocurrencies.ONT and ONG tokens are now among the growing number of digital tokens accepted as a top-up method on Bitsa card. Users can order their very own Bitsa prepaid card (choosing either a physical or virtual card) through the Bitsa app. Existing cardholders can learn how to reload their cards by reading the following blog post.Commenting on the announcement, Ontology Co-founder Andy Ji said, “Our engagement with Bitnovo is built on a dynamic professional chemistry between our platforms, as well as a shared ambition to pursue innovation in the digital assets space. Finding common ground is a prerequisite for trailblazing uncharted territory and our continued collaboration with Bitnovo is testament to this.”Luis Vaello, COO of Bitsa, said, “Thanks to the Bitnovo integration with Ontology, Bitsa users can now use their ONT and ONG tokens to recharge their account. This way they can pay at any outlet worldwide where Visa is accepted or even pay their rent through a SEPA transfer. We are delighted to onboard Ontology and their blockchain solutions and are already exploring new opportunities together that our users will benefit from.”The joint collaboration follows the recent news that both ONT and ONG tokens will be listed and tradable on Bitnovo. Bitnovo is facilitating widespread adoption of digital assets across Europe, with Ontology’s ongoing coordination with the platform extending the reach of ONT and ONG tokens to more than 30,000 Bitnovo points of sale.Bitsa card is accepted everywhere Visa is, making it a safe and convenient choice for online shopping, in-store purchases, SEPA credit transfers, ATM cash withdrawals, and transfers between cards, without needing to be linked to a user’s bank account. Bitsa cards can be easily recharged via cash, vouchers, or cryptocurrencies from anywhere in the world.For any further questions or feedback, please contact us via contact@ont.io.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInUse ONT and ONG to Top-Up Your Bitsa Card was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

20. 04. 07

ONTO NFT Medal Challenge 2020

Each NFT (non-fungible token) is unique and non-duplicatable which makes NFT special. In contrast to traditional universal equivalent or cryptocurrencies with infinite divisibility, NFT assets such as CryptoKitties and other game props has long become one of the most discussed and popular digital assets.ONTO, the popular Ontology comprehensive client now supports NFT collectibles, NFT transfer, and transaction. Monthly NFT-related campaigns will be launched over the next 9 months. After completing the monthly task, you will be eligible to redeem limited edition NFT medals. A complete collection of 9 medals will give you the ticket to open the ONTO 2020 Treasure Box.What’s in the treasure box? Stay tuned!Extra tipsIn addition to monthly NFT campaigns, there are some hidden tasks waiting for you on ONTO! You will also earn special NFT medals after completing tasks, which will be a big plus for the year-end rewards. More details will be released soon.April NFT CampaignCollecting #OntologyGenesisNFTMedal is now open! Draw and get your first NFT from HERE!ONTO users can click on the campaign banner or access the campaign page via the ONTO dApps page and draw your Genesis NFT Medal. All Medals are designed by members of the Ontology Global community. The top 3 rare NFT Medals can directly be used to redeem ONT rewards!Are you the first to complete the first monthly NFT campaign? Get your first NFT on ONTO now and collect your April NFT!Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInONTO NFT Medal Challenge 2020 was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

20. 04. 01

Ontology Monthly Report — M...

Ontology Monthly Report — March 2020 (23 Languages)March was quite a long month for nearly everyone. In the past 31 days, we faced lots of challenges, worries, and doubts. At the same time, we also received lots of care, kindness, and love. We firmly believe that everything will get better soon!The key word for Ontology in March would be “NFT” (Non-Fungible Token). We kicked off several NFT campaigns this month, such as the Ontology Genesis NFT Medal design campaign and #MyFirstNFT on ONTO. We are very delighted to have received hundreds of entries and designs from the Ontology global community.A variety of new features have been added to the Ontology explorer. On the community side, the Ontology Bengali Community was founded.On the news and events side, we’ve announced updates from new and old partners like Kingdom Trust and Accomplice. We also joined the #cryptoCOVID19 campaign with The Giving Block and their many charity partners, like Save the Children and the Lupus Foundation of America.Find more detailed information below. Remember to take care during this time!To help you find the monthly report in your own language in one click, we have posted the English report in this article and attached below the links of all the other 22 languages. Enjoy!中文繁體中文한국어日本語русскийEspañolاللغة العربيةDeutschTiếng ViệtItalianoहिंदीBahasa IndonesiaසිංහලTürkTagalogNederlandsRomână (coming soon)slovenskýMelayu (coming soon)فارسیFind Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInOntology Monthly Report — March 2020 (23 Languages) was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

20. 04. 01

Founder of Ontology: Aristo...

It has been roughly five years since the general public became familiar with blockchain and three years since Ontology was founded in 2017.People often ask me why we chose the name “Ontology”. In fact, the term “Ontology” has multiple meanings. While it can be understood as a formal expression of the relationship between entities, in the philosophical sense, “Ontology” refers to an exploration of the world’s origins. The term“Ontology” is also connected with data semantics — the branch of linguistics concerned with meaning — and knowledge maps, an important aspect of computer science. The above concepts are in line with our long-standing beliefs around “Entities” and “Data”. At Ontology, we are creating a backend common infrastructure platform, an open identity, data, reputation, and self-organization protocol for enterprises and individuals, as well as a decentralized platform for interactive and collaborative processes.Against this backdrop, in 2018, we launched a three-year roadmap in which each year is named after three ancient Greek philosophers: Socrates 2018, Plato 2019, and Aristotle 2020. We made this decision to pay homage to the scholars of the past, as well as to highlight our intention to encourage further exploration of new trust mechanisms and social collaborations.In Socrates 2018, we focused on the construction of the chain-network and the trust ecosystem. After the launch of the Ontology MainNet in the second quarter, we added support for Wasm, VBFT, Transaction Parallel Verification, and authority management. In the same year, we also released ONT ID, a distributed identity framework, as well as a distributed identification protocol release, a verifiable claim protocol, and a sharding design.In Plato 2019, our primary goal was to build upon the chain-network. We added support for MPC (Multi-Party Computation) and multiple cryptographic algorithms, and launched the distributed community framework, more distributed financial services, and more distributed applications (dApp)s. In 2019, we also released sharding and cross-chain functionality live on the testnet.Now in Aristotle 2020, our goal of becoming the leading global collaboration platform remains. So far, in terms of the chain-network, we have already accomplished cross-chain functionality with BTC and ETH, and released a virtual machine that supports Wasm-JIT and multi-platform smart contracts. Soon, we will implement the Ontology Oracle trust data-source protocol, the new version of the distributed identity protocol ONT ID, the Distributed Data Exchange Framework (DDXF) 2.0, as well as anonymous transactions and on-chain voting.The Ontology team is always striving for increased research, development, implementation, and promotion of blockchain technology. Our experts regularly take part in industry-defining discussions, such as IEEE Standards Committee meetings, the ISO TC 307 Blockchain and DLT meetings, and the ITU-T FG DLT meetings, where they actively contribute to the formulation of international standards.The Ontology Decentralized Identifier (DID) has been formally added to the W3C-CCG DID Method Registry as a new Decentralized Identifier Method, becoming the third open-source public chain to implement the DID specification in Socrates 2018 after Bitcoin and Ethereum. These new features help ensure enterprises moving from traditional industries into blockchain have a smooth transition.We also continue to equip developers with the best tools possible in order to make it as easy as possible to learn to build on our blockchain. For example, our Multi-VM, released as part of Aristotle 2020, supports multiple types of contracts and languages. Several test results show that the Ontology’s virtual machine has reached leading levels of performance worldwide. In addition, we provide developers with access to a rich learning center through the Ontology Research Institute, where they can access up to two deep blockchain articles each week to help them get to grips with the technology.Our global community is one of our most important assets. In addition to providing comprehensive development tools, we are also building close relationships with young blockchain builders through our Global University Workshops, which were held at Seoul National University, Northwestern University, University of Chicago, Cornell University, Princeton University, and Harvard University. We were deeply impressed by the abilities of the young people we met at these workshops and we believe that they will be key forces for the trust ecosystem in the next five to ten years.Ontology’s core markets include the Americas, Europe, and Asia. In addition to our local offices in Europe, the United States, Japan, and Singapore, we have also launched the “Global Community Contributor Program” (#GCC), which allows us to better listen to our global community to more effectively allocate resources and processes for community growth and development.The most widely-used Ontology wallet is the official wallet ONTO, which helps users to manage everything from their identity to their assets, all in one. ONTO now also features entertainment apps such as games and movies, as well as practical apps that help users to manage things such as insurance, wealth management, and hotel bookings. In Aristotle 2020, with the release of the Wishing Wall, On-Chain Task, and other new apps, ONTO will continue expanding into new use cases. In the future, new ONTO apps related to fashion, food, housing, and transportation will be available. It is our vision that ONTO will not only serve as a user’s key to the blockchain world but as a one-stop, multi-functional application in their daily lives.The details of Ontology 2.0, as well as other technical breakthroughs, will continue to be revealed throughout Aristotle 2020. 2020 will be a year full of change, challenges and unlimited opportunities. We will continue to move forward and make steady progress in the directions of “Decentralized Infrastructure” and “Trust Ecosystem”.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInFounder of Ontology: Aristotle 2020, Breakthroughs, and Moving Forward was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

20. 03. 31

Meeting the Ontology Harbin...

Harbinger: one that initiates a major change; a person or thing that originates or helps open up a new activity, method, or technology; pioneer (cited from online Merriam-Webster Dictionary.With the support and help from all of our community members, we have seen a fast-growing multi-lingual community from day 1 since the project was founded.In light of deeper global market penetration, we have appointed several Ontology Harbingers for some of our strategic markets in 2020 to build a stronger global community presence.Today we are happy to introduce you to five Ontology Harbingers in our multi-lingual communities.Spanish CommunityEmilio Fernández (@Emiliobur) — Efficient EmilioEmilio has created and been working as an admin for the Ontology Spanish community since March 2018.Based in a very cold city in the north of Spain — Burgos, Emilio is very passionate about blockchain. When he first learned about bitcoin and understood how it works and its purpose, little by little he went down the rabbit hole, just the same way as Alice in Wonderland. He discovered countless cases in which the blockchain technology could be used and that would allow a fairer and decentralized world, changing the world just like the Internet changed our lives.The reason he decided to help the growth of the Ontology community is that only a few blockchain projects are clear about their objectives and what they want to achieve with them. Ontology is one of them. It enables a decentralized network environment that solves key issues of identity security and data integrity. “Little by little, we will see how the number of tools under its blockchain grows, giving solutions to a case of real use for society and companies. It will definitely be one of the projects that will last over time.”Turkish CommunityHakan Yıldırım (@hakanyildirim) — Honorable HakanAs a long-time supporter of Ontology, Hakan officially joined the Ontology Turkish community as an admin since June 2018.Outside blockchain, skilled in mobile learning, e-learning, and instructional design, he is an experienced lecturer with a demonstrated history of working in the higher education industry.Currently, he is a Ph.D. candidate at the world's fourth-largest university with more than 2 million students — Anadolu University, where he received his bachelor’s and master’s degrees. He will attend Purdue University in the United State as the RCODI research fellow this August 2020.Vietnamese CommunityDuy Trung (@RoisePM) — Diligent DuyDuy Trung, Ontology Vietnamese community admin since March 2018 and a Co-Founder of a cryptocurrency community in Vietnam — A&T Community.As a long time Bitcoin believer, Duy Trung joined the cryptocurrency industry since 2017. Duy Trung is well connected to the local communities in Vietnam and research on blockchain security technology. Realizing that Ontology is a project that is highly appreciated by the community, Duy Trung has participated in community development for Ontology in Vietnam. On March 28, the Vietnam Ontology community was established, there are now more than 6000 members. Duy Trung will try to develop Ontology as one of the famous projects in the Vietnamese community.Sinhala CommunityDilip Ishara (@dilipishara) — Devoted DilipDilip Ishara has been working as our Sinhala community admin since June 2019 and was able to build a very fast-growing community in Sri Lanka.He is an internet marketing and communication expert with 5+ years of experience. He started his career as an internet marketer since 2015 and became a leading community manager and internet marketer in Sri Lanka. He is also a crypto enthusiast and has helped a number of ICO projects achieve great success by providing consultancy service with a focus on marketing, PR, and communications since 2015.Hindi CommunityJatin Kalra (@JatinkkaLra) — Judicious JatinJatin joined Ontology Hindi Community as an admin in July 2019 and has been developing and expanding the Ontology Hindi Community since.With great patience and flexibility, Jatin excels at creating a positive and calm atmosphere in the Ontology Indian community. His activeness and friendly behavior are what make him a people’s person and what makes the Indian community thrive. Customer support is crucial and this is what he provides the best.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInMeeting the Ontology Harbingers for Multi-Lingual Communities was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

20. 03. 27

Ontology Weekly Report (Mar...

In times of crisis and radical uncertainty, we have been paying close attention to global news and actively trying to fight the global pandemic together with our ecosystem partners and offer any help we can provide to those in need.In terms of last week’s progress of Ontology, we have kicked off the Ontology’s NFT campaigns after the release of ONTO v2.7.0. Ontology Europe and Americas Ecosystem Lead team has been interacting with and sharing insights to the European and US blockchain communities. We are pleased to see the increasing attention of Ontology across the world.Find the news below:Back-end- Completed 90% of the DHT (Decentralized Hash Table) protocol development- Completed 90% of the code optimizations for the network layerProduct DevelopmentONTO v2.7.0 Release- Support NFT market- Support Ethereum dApp- Support ONT ID scan, allowing one-click login and claimExplorer- Completed 50% of the Explorer v2.3.0 functional development- ont.io v2.3.1 is now live, with a fully optimized multi-language page- onto.app v2.1.0 is now live, newly added the statistics functiondApp- A total of 62 live Ontology dApps- 5,282,195 total transactions, with an increase of 18,336 transactionsBounty Program- 1 new application for Technical Documentation TranslationCommunity Growth- The Ontology Vietnamese community continues to grow rapidly, with a remarkable increase of 1,660 new members within one week, reach a total of 10,467 members in total by March 23- An increase has also been seen in the size of Arabic, Turkish, Hindi, Trading and other communities-Ontology Bengali Community is now created and run by the communityNewly Released- Newsletter of Ontology 2.0 has been sent to all subscribed users- Announced the first 5 members of the #OntologyHarbinger team- Published the ONTO NFT guideline and launched Ontology Genesis Medal Design Competition and #MyFirstNFTonONTO campaign- Jointly launched the #CRPTOCOVID19 charity activity with The Giving Block, The Block, Save the Children, No Kid Hungry, SOS Children and Team Rubicon and other industry friends- Delivered the first batch of masks to our global ecosystem partners and industry friendsGlobal EventsErick Pinos, Ontology’s Americas Ecosystem Development Lead, was invited to speak at the Wanchain and FinNexus online summit. He shared how Ontology is making good use of global resources via the “Global Community Contributor” program to develop its ecosystem. Ontology has already received applications from communities in Asia, South America, and Europe and the first GCC node will be announced soon.John Izaguirre, Ontology’s European BD Director, was interviewed by CryptoBirds via Podcast. In the podcast, John introduced the Ontology 2020 Roadmap, Ontology 2.0 tech development, and other exciting updates of Ontology. Apart from actively promoting the establishment and development of the European blockchain compliance standards, Ontology has been interacting more with the global communities.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInOntology Weekly Report (March 17–23) was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

20. 03. 25

#MyFirstNFTonONTO# Campaign

Have you submitted your Genesis medal design in the ongoing Ontology Genesis medal campaigns? Are you waiting for the upcoming Genesis Medal Lucky Draws starting this March 29?We are delighted to invite you to participate in another Ontology NFT campaign. Read below for more details.Get your first NFT now!With the latest ONTO 2.7.0, a non-fungible token (NFT) transaction is now officially available. The Ontology team has prepared a campaign for users who transfer NFT to ONTO or buy NFT on ONTO and share on Ontology Telegram/Twitter with a chance to earn special edition NFTs and draw 100 ONG now for all Ontology community members.How to participate?Step 1: Transfer your NFT (Ethereum/Ontology)to ONTO Wallet and take a screenshot of your NFT collectibles on ONTOStep 2: Send a message/post with the screenshot on any Ontology official Telegram group with the tag #MyFirstNFTonONTO# or on Twitter (@OntologyNetwork) with the tag #MyfirstNFTonONTO.Step 3: Take a screenshot of your message/post in Step 2Step 4: Fill in THIS FORM (Link to be inserted)in just 30 seconds*We reserve full rights to disqualify any dishonest behaviors during the process.RewardsA special edition of NFT: Gold (x50), Silver (x100), Copper (x300)A chance to win 100 ONG (10 lucky users)The first 450 users who submit the correct information during the campaign are eligible to receive limited edition NFT rewards. 10 out of 450 users will be able to earn an extra 100 ONG rewards.ScheduleCampaign: From March 23 till March 31, 2020Rewards Distribution: April 2, 2020FAQsWhere can I get an NFT?Users can buy directly from ONTO via OpenSea or receive an NFT from a friend as a gift, or earn one by participating in our ongoing NFT campaigns.How to buy an NFT?https://medium.com/media/85d1bca9493cdd6a8405bbd52e7f3391/hrefHow to receive a Gold NFT?Follow the participation guidelines and submit the form early. The 50 Gold NFTs will be distributed to the first 50 users who submitted the form and provided the correct information.Everything you need to know about Non-Fungible Token on ONTOFind Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedIn#MyFirstNFTonONTO# Campaign was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

20. 03. 23

Multi-VM in Ontology 2.0:

Multi-VM in Ontology 2.0: the First to Support Seamless Contract Interactions Among Three Environments“Ontology Multi-VM is committed to meeting a wider range of business needs, bringing the advantages of higher execution efficiency and lower gas costs.”Earlier, we announced that we launched the Wasm virtual machine on the Ontology MainNet. Since Ontology v1.8.0 now supports Native, NeoVM, and Wasm, these three kinds of contracts can seamlessly interact with each other.In the Aristotle 2020 Roadmap, Ontology 2.0 includes Multi-VM with Wasm-JIT functionality, supporting languages such as Python, Rust, C++, and C#. As a result, the contracts deployed on the Ontology MainNet can interact seamlessly, just like running multiple virtual machines on one computer.Compared with most public-chain projects that only support one specific virtual machine, such as Ethereum’s EVM, EOS’s Wasm, etc., Ontology Multi-VM supports multiple virtual machines and effectively integrates the ecosystem behind each one. This way, developers have more choices to develop with the languages ​​and tools they are familiar with, thereby reducing the learning curve and greatly improving development efficiency.The remarkable improvement of Wasm-JIT’s performance means that the actual energy consumption for the execution of a single contract instruction is lower, the cost of contract execution can also be reduced, and the user’s gas cost is also decreased. At the same time, Ontology provides a complete set of toolchains, one-stop solutions from contract writing and debugging to releases for developers to experience, including the NeoVM multilingual compiler, Wasm contract optimization tools, SDK tools, etc.Overview of languages ​​and platforms currently supported by Ontology and other public chainsAs the Ontology tech team demonstrated: “In the blockchain field, the goal of virtual machine (VM) technology is to provide a smart contract execution environment that applies to all businesses. However, from a technical perspective, the efficiency of contract execution, the supported business complexity, and the ability to collaborate across systems are all very critical factors. In this process, different VM implementations have different scopes of application. Ontology Multi-VM is committed to meeting a wider range of business requirements and bringing higher execution and efficiency and lower Gas costs. “In the future, Ontology Multi-VM will explore more business scenarios. From the perspective of basic protocols, Ontology will focus more on the extended support of decentralized identity protocols, distributed data exchange protocols, and other related protocols to further meet the interoperability of different systems. Furthermore, Ontology will realize the trusted interactions between the different operating systems to offer developers a more convenient and efficient development experience.Click the links below to try out the Ontology development tools:Wasm-JITWasm parsed versionWasm contract optimization toolNeoVMNeoVM Python compilerNeoVM Go compilerRust contract SDKCPP Contract SDKContract online editing and debugging toolFor more information, please click here.Other key features of Ontology 2.0 in the Aristotle 2020 roadmap will also be announced soon. lease stay tuned!If you have any questions or feedback, please contact us at contact@ont.io.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInMulti-VM in Ontology 2.0: was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

20. 03. 23

Starting Now: Ontology Gene...

IntroThe Ontology official wallet ONTO now officially supports non-fungible tokens (NFT) from March 5th, 2020, providing more effective and convenient asset management services for global users, which further deepens the layout of the digital assets.To celebrate the new milestone of ONTO supporting NFT assets and providing convenient NFT management experience, the Ontology Foundation will host a series of Ontology Genesis NFT Medal Campaigns including design competition and lucky draws which will be open to the whole Ontology community.Best NFT designs will not only earn rewards for the design itself but also a share of the campaign income. What’s more exciting is that if your design is selected as one of the best designs, it will be converted into limited edition NFTs, used and collected by all Ontology community users on ONTO.Which is the best design style for the first set of Ontology medals? What message should it deliver? We know that our community knows the best answer. Follow the below rules and earn rich rewards!Phase I: Ontology Genesis Medal Design CompetitionThe Ontology Genesis Medals are Non-Fungible Tokens (OEP-5), designed and selected by the Ontology global community. The Ontology Team will convert best community designs into 4 limited editions and 1 unlimited edition NFT token: Genesis 1 (x1), Genesis 2 (x5), Genesis 3 (x20), Genesis 4 (x10,000), and Genesis 5 (unlimited).Schedules:Submit your design from March 20 to 27, 2020 (UTC) via THIS FORM.The Ontology team will select 20 to 30 excellent designs in the initial round of screening to be voted by the community.The community vote will be open from March 27 to 29, 2020 (UTC) to select the best designs. (A link will be added on March 27th.)Please note: We will disqualify any candidates we believe to be involved in voting manipulation.Selection Criteria:Ontology-related original design, PNG format, size 150*150No limits on design style but needs to show Ontology’s characteristics.Positive sticker content, no inappropriate language, violence, or pornography.Creative, identifiable and a good demonstration of Ontology branding image, blockchain, the value of trust.A brief explanation of the design concept to help the community understand and vote.There is no limit to the number of designs you submit, however, a maximum of three designs from the same device and ONT ID can enter the community vote session.RewardsIn the initial round of screening, 20–30 excellent designs will be shortlisted and enter the community voting session.The top 20 entries will be rewarded with ONT and a share of the campaign income:1st Place: Exclusive 10% of the campaign income + 100 ONT rewards for design2nd — 5th Place: Share 30% of the campaign income + 50 ONT rewards for design6th — 10th Place: Share 30% of the campaign income + 50 ONT rewards for design11th — 20th Place: Share 30% of the campaign income + 20 ONT rewards for designPlease note: The campaign income comes from the transaction fee of each lucky draw, which costs 1 ONG each time.Phase II: Ontology Genesis Medal Lucky DrawsSchedule:From March 29 to April 11Rules:Each ONT ID digital wallet address is eligible for 3 lucky draws.Each lucky draw will cost 1 ONG.You can find your medals by checking Wallet — Collectibles on your ONTO after successful draws.The more limited the medal, the lower the probability of successfully drawing it.During the campaign, all ONT ID users can earn 2 extra draws if you transfer your ETH collectibles or ONT collectibles to ONTO.How to redeem ONT back with your Medal?Simple!First, check if you have one of our Genesis 1, Genesis 2 and Genesis 3 medals.Second, transfer the above medals to the below smart contract address (will be available after March 29th)and automatically redeem ONT.[Important]The ONT amount to be redeemed will increase in proportion each year.Each Genesis 1 medal can redeem 100 ONT back in 2020, with an annual increase of 25%. No upper limits.Each Genesis 2 medal can redeem 10 ONT back in 2020, with an annual increase of 10%. No upper limits.Each Genesis 3 medal can redeem 3 ONT back in 2020, with an annual increase of 5%. No upper limits.For instance, you can redeem your Genesis 1 medal in 2020 for 100 ONT, or instead, redeem it for 125 ONT in 2021, and 157 ONT in 2020.The Ontology Team will reserve the right of final interpretation of the Genesis Medal Campaigns.Other things you should know…During the campaign, if no user takes a lucky draw within a consecutive 48 hours, if the unique Genesis 1 medal is still available at that time, it will then be automatically distributed to the last address that has successfully participated in the lucky draw before the 48 hours start.If the unique Genesis 1 medal has not been claimed by any user by the time the campaign ends, it will be sent directly to the last address that has successfully participated in the lucky draw before the end of the campaign.If x amount of Genesis 2, Genesis 3, Genesis 4 and Genesis 5 medals are not claimed by any user by the time the campaign ends, the remaining amount x will be destructed.Everything you need to know about Non-Fungible Token on ONTOFind Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInStarting Now: Ontology Genesis NFT Medal Campaigns was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

20. 03. 20

Ontology Weekly Report (Mar...

Thanks to the hard efforts from the Ontology tech and product teams, we have many new updates from the past week, like the newly added features to the Ontology Explorer and the new guidelines for ONTO.Regarding our community, we see continuous rapid growth in the Ontology Vietnamese community, as well as our Tagalog, Arabic, and Turkish communities. Meanwhile, we announced some new Ontology Harbingers to help build our global community presence.In Europe, Ontology was invited to Binance’s online panel about “Economic Impact on Crypto Markets from Coronavirus”.Find more news in the past week below and please take care during these times!Find the text version below:Back-end- Completed 60% of the DHT protocol development- Completed 70% of the code optimizations for the network layerProduct DevelopmentONTO v2.6.0 Optimization- ONTO management backstage upgrade- On-chain Task campaign has kicked off- The first Non-fungible Token (NFT) campaign will launch soonExplorer- Tool Bar: Newly added function of displaying useful data, ONT/ONG transaction volume, token rank, network info, etc.- Address Details: Newly added statistics and analysis of transaction numbers and assets- OEP-4 Details: Newly added statistics and analysis of new transaction numbers, ONT/ONG transaction sums, and unique addresses- Contract Details: Newly added statistics and analysis of transactions and ONT/ONG transaction amounts- UI optimization: Newly updated to provide a better user experienceNodes- 47 Triones nodes: 11 Consensus nodes, 36 Candidate nodes- The total stake size is 122,588,753 ONT, which is 18.716% of the total ONT circulating supplydApp- 62 total live Ontology dApps- 5,263,859 total transactions, representing an increase of 22,798 transactionsBounty Program- 2 new applications for Technical Documentation TranslationCommunity Growth- The Ontology Vietnamese community is continuously growing rapidly, with a remarkable increase of 3,235 new members (58% increase) within one week- The number of Tagalog, Arabic and Turkish community members is also growing rapidlyNewly Released- Published new guidelines around P2P Claim in ONTO- Announced some of the new Ontology Harbingers- Ontology’s partner bloXroute has been working on a C++ message convertor for Ontology consensus messages and has upgraded BDN to v1.6 with multiple new features and updates. Ontology and bloXroute will jointly continue working on the C++ message convertor.Global Events- Ontology was invited to the online panel by the Binance Spanish community. The panel was focused on the “Economic Impact on Crypto Markets from Coronavirus”. This is Ontology’s second interaction with the Binance Spanish community after the joint Barcelona meetup.- Recently, Ontology attracted much attention from potential European partners. The community members have shown great interest in ONTO, experiencing the new version through our Red Packet campaigns.Find Ontlogy elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInOntology Weekly Report (March 10–16) was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

20. 03. 18

Ontology Wasm-JIT Released:...

Ontology Wasm-JIT Released: A Leading Smart Contract Virtual Machine with High Speed and Performance“In a comparative evaluation against another high-speed blockchain virtual machine, EOS Wasm, the execution performance of Ontology Wasm-JIT reached more than twice that of EOS Wasm.”Recently, we were delighted to announce that Ontology Wasm-JIT is available on our latest version of Ontology, Ontology 2.0. In a comparative evaluation against another high-speed blockchain virtual machine, EOS Wasm, the execution performance of Ontology Wasm-JIT reached more than twice that of EOS Wasm.In October of last year, the Ontology Wasm function officially went live on the mainnet, implementing a multi-smart contract virtual machine operation mechanism (Multi-VM) in a mainstream blockchain open platform. As an open standard supported by browser companies such as Google, Apple, and Microsoft, WebAssembly (Wasm) has the characteristics of efficient operation, memory security, no undefined behavior, and platform independence. After years of hard work by the compilers and standardization expert teams, Wasm has grown a mature community, providing a robust and friendly experience for developers.Wasm advantages cover high-performance, low storage cost, and multi-language support, which includes:- Efficient performance: uses binary code and shows superior performance in program execution.- Low storage cost: Compared with text format, the binary-coded text takes up less storage space.- Multi-language support: Users can write smart contracts using multiple languages ​​such as C / C ++, Rust, Go, and Assembly Script and compile them into bytecode in Wasm format.Based on this, Wasm-JIT is a Wasm operation that can translate Wasm bytecode into Native machine code in advance and then execute the machine code directly. Compared to parsing and executing one by one, JIT operations can greatly improve the execution speed.The execution speed is a remarkable advantage of Ontology Wasm-JIT. Compared with previous versions, the performance of this version brings an improvement by an order of magnitude. Compared with the EOS public chain that also uses high-speed Wasm, Ontology Wasm-JIT has reached higher performance speeds.The table below shows the results of the same environment test on the Ontology and EOS open-source virtual machines. Since EOS has no gas fees, this test is based on a version of the Ontology Wasm-JIT without gas fees.(Note: “Interpreter” represents Wasm’s parsing execution; ONT JIT and EOS JIT refer to the Ontology and EOS JIT’s executions, respectively; Compile and Execution respectively indicate the JIT compilation time and machine code execution time.)Test link: https://github.com/carltraveler/wasmjit-perfAccording to the above data, the JIT execution versions of EOS and ONT have tens or even hundreds of times better performance than the parsed version. At the same time, the JIT compilation phase on ONT has more optimizations, so the compilation is relatively time-consuming, but it can generate more efficient machine code. In the execution phase, EOS takes over twice as long as ONT. As a result, developers can achieve higher performance in a shorter time when using Ontology, greatly improving development efficiency.Ontology Wasm-JIT is fully compatible with the parse execution version, which is developer-friendly, with a low learning curve. The performance improvement of Ontology Wasm-JIT can support more complex contract applications. In this way, developers can focus more time and energy on business-specific development without worrying about performance tuning of the contract. Specifically, at the business level, the actual energy consumption for the execution of a single contract instruction is lower, and the corresponding contract execution costs can be reduced, thereby reducing the user’s gas payment fees, achieving cost reduction and efficiency, and excellent execution results.Ontology Wasm-JIT has launched on the Ontology testnet, and developers can start developing with it.https://github.com/ontio/Other important features of Ontology 2.0 will be announced in the Aristotle 2020 Roadmap, please stay tuned!If you have any questions or feedback, please contact us via contact@ont.io.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInOntology Wasm-JIT Released: A Leading Smart Contract Virtual Machine with High Speed and… was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

20. 03. 12

Everything you need to know...

P2P Claim is an important feature of Ontology Authenticator, which is now integrated into the latest version of ONTO (v2.6.0).The launch of P2P Claim enables people to people, things to things, affairs to affairs to authorize and authenticate each other.Before using P2P Claim, please confirm that you have installed ONTO and logged in with your ONT ID digital identity wallet.Now, let’s get started!For P2P ClaimerStep 1: Click on your ONT ID name from the ONT ID pageStep 2:Click the below red-squared button and write down the type and description for your claim.Step 3: Check your claim and invite other users to endorse your claim.Currently, your endorser will need to scan the QR code on your phone to endorse your claim. ONTO will soon support scanning QR code on an image saved on your local album.Show your QR code to your friends and have your claim endorsed!For P2P endorserStep 1: Enter the ONT ID page and click on the little icon on the right corner.Step 2: Ask a friend to scan the QR code. You can see the claim details as bellowing screenshot.Step 3: Click on the button “Endorse now” and confirm to pay for transaction fee (Each ONT ID authentication costs 0.01 ONG)Step 4: Congratulations! You’ve endorsed for a claim.Any further questions or enquiries, please contact via contact@onto.app.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInEverything you need to know about P2P Claim on ONTO was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

20. 03. 12

Ontology Weekly Report (Mar...

We have a lot of updates from the first week of March.We have witnessed remarkable growth in the Ontology Vietnamese community. The number of community members has increased by 73% in the past few days!Ontology core team members were interviewed by Cointelegraph and Blockescence. Recaps and links can be found on our Twitter and Medium.Meanwhile, we were invited to the Crypto Assets Conference in Europe and felt honored to deliver a speech as well as communicate with representatives from large European enterprises.Full news of the past week below!You can also find the text version here:Back-end- Wasm-JIT has been available on the Ontology TestNet- Completed 30% of the DHT protocol- Completed 30% of the code optimizations on the network layerProduct DevelopmentONTO v2.6.0- Newly added NFT asset display and transfer functions- Added support for P2P claim issuance- Some UI optimizationsExplorer- Completed the development of Explorer v2.2.0; will go live on Ontology MainNet soon- A new version of the Ontology official website (ont.io) is now available. Added the GCC entrance bannerNodes- 47 Triones nodes: 11 Consensus nodes, 36 Candidate nodes- The total stake size is 122,410,753 ONT, which is 18.689% of the total ONT circulating supplydApp- 62 total live Ontology dApps- 5,241,097 total transactions, representing an increase of 34,722 transactionsBounty Program- 1 new application for Technical Documentation TranslationCommunity Growth- The Ontology Vietnamese community is growing fast, with a remarkable increase of 2,737 people within one week- The number of Turkish, Arabic and Tagalog community members is also growing rapidly.Newly Released- US-based investors/businesses can soon participate in global identity trust exchanges thanks to the collaboration of Ontology, Accomplice, and KingdomTrust, which will support joint custody solutions and enhance US and US-Asia blockchain development.- On-chain Task guidance has been published, explaining how this dapp can help users track progress on the goals they set.- Andy JI, Co-Founder of Ontology, was interviewed by Blockescence on staking, global university workshops, what makes ONT ID special, overtaking EOS, and so much more. Andy believes that young developers are one of the most powerful groups for blockchain industries, as they will contribute more to society’s trust of blockchain in the future- Erick Pinos, Ontology Americas Ecosystem Lead, was interviewed by Cointelegraph Magazine. He demonstrated that Ontology was the most interesting of all the projects he researched, with its focus on decentralized identity solutions built into the protocol. He now envisions Ontology’s blockchain identity solution to be used for a broad variety of applications from university campus records management to medical records and supply chain management- Ontology’s Senior Architecture Expert Ning HU shared our latest research on exploring how blockchain could contribute to controlling the spread of Coronavirus on the EEA AI & Blockchain SIG Conference CallGlobal Events- In support of the Vid App release, the Ontology x Vid AMA was put on for the Ontology global community. Hundreds of users have participated in the event and raised over 100 questions. Ontology always pays attention to our ecosystem partners and makes an effort to bring on more real-world business applicationsOntology was invited to the Crypto Assets Conference in Frankfurt. While there, Gloria Wu, Ontology’s Chief of Global Ecosystem Partnerships, delivered a speech called “Learnings from Failed dApps and Thoughts on Viable Models for A Blockchain Empowered Data Economy ” and had discussions with representatives from the European Parliament, PWC, Siemens, and other institutions about the exploration of blockchain’s contribution to the finance industryFind Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInOntology Weekly Report (March 3–9) was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

20. 03. 11

Everything you need to know...

On-chain Task is a blockchain-based application on Ontology’s official mobile client ONTO since ONTO v2.5.1. It allows you to set tasks and challenges and achieve goals together with your friends. Plenty of rewards await you!Motivate yourself by managing your goals.Before entering On-chain Task, please make sure that you have downloaded ONTO and created a ONT ID digital identity wallet.For Task CreatorsStep 1: Click and access the On-chain Task from dApp page on ONTOStep 2: Click on the “+” button to create a task.You will then see a pop-up window showing two modes: Normal and Deposit.Normal mode does not involve any token while deposit mode requires token. Each participant should deposit no less than 1 ONT or 0.01 ONG into the Ontology contract in order to participate.All users who have completed a certain task will share its rewards.Let’s take the Deposit mode for example.Step 3: Set up task description, task rules, deposit amount, tag, task date, specified duration.For instance, let’s create a “Drink water task” where everyone is requested to deposit 5 ONG into the Ontology contract as part of the total rewards pool.Anyone who uploads a photo him/her drinking water during the 10:00~12:00 on March 10th will share all the rewards.#Please note that a Task should be set to start 24 hours later from its creation.Step 4: Check the task created in “My Task” and share it to your social media.Please note that tasks in “My Task” is normally only visible to yourself, unless you share a task to public and then users who click on your shared link to participate in this task will be able to see the task details.However, if your task is promoted to “Hot Task”, then all ONTO users can see the task details.For participantsStep 1: Go to your On-chain Task on ONTO and click “My Task” to check details of tasks that you have participated.Step 2: Click “Complete a task now” after selecting the task you want to complete under “My Tasks”.You will be able to post it on the task dApp and share on other social media platforms.Step 3: Check your rankings. The more tasks you complete, the higher your ranking will be.To celebrate the launch of this new On-chain Task, a special On-chain Task campaign is on the way! Please stay tuned.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInEverything you need to know about On-chain Task was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

20. 03. 10

Blockescence Interviewed wi...

Recently, Andy JI, Co-Founder of Ontology, was interviewed by Blockescence DLT, which provides solutions coalescing blockchain with real business and focuses on using Distributed Ledger Technologies to create value in the TMT sector.Thank you Blockescence for having Andy JI at the interview. So far, we have received an increasing amount of global attention. Read more about ONT Staking, ONT ID, our GUW, and Roadmap: Aristotle 2020 in Andy’s interview here or below. Stay tuned for more!We spoke with Ontology’s co-founder about staking, their global university workshops, what makes ONT ID special, overtaking EOS, and so much more. Read on below for vital insights into the future of their rapidly growing network and blockchain technology as a whole.Please could you tell us a little about yourself and your role with Ontology?Hi everyone, this is Andy Ji, Co-Founder of Ontology. I’ve been in the blockchain technology industry for a long time now. Having previously led the Blockchain group in Wanda (one of the top Chinese conglomerates), I’ve worked as Deputy Secretary-General of China’s Ministry of Industry and Information Technology and Industrial Development Forum; as a director of Hyperledger; as a member of China’s delegation of ISO/IEC TC 307; and as a Deputy Director of the China Blockchain Ecosystem Alliance (CBEA).Andy Ji, co-founder of OntologyI’ve also participated in China’s Ministry of Industry and Information Technology’s blockchain white paper and blockchain standards-related work, I’ve led many blockchain community events, and I’ve written several books on blockchain including a blockchain development textbook.Wow, that’s quite the curriculum vitae. For our readers that aren’t familiar with your current work, could you explain what Ontology does for its customers?Absolutely. According to our official introduction, Ontology is a high-performance public blockchain and distributed collaboration platform. Architected in Asia with a team comprised of members from all around the world, Ontology’s unique infrastructure supports robust cross-chain collaboration and Layer 2 scalability. It also includes a suite of decentralized identity (DID) and data sharing protocols to enhance the speed, security, and trust that are fundamental to enabling enhanced global cooperation among businesses. These characteristics are particularly important for future global collaboration with on-chain and off-chain scenarios.The former “high-performance public blockchains” means we can provide multiple >10K TPS (transactions per second) back-end chain clusters with enterprise class service level, which don’t even need to have any technical basis by leveraging ONT Toolkits. In this way, some traditional enterprises can transform and restructure their business. For the latter, “distributed collaboration platform”, we have the ONT ID — a digital identity for human, entity or even a machine device. ONT ID allows for the management of multiple sources of data, acting as a powerful passport for them to experience the services of a new high-tech world.For those looking to learn more about what we do, take a look at our official website https://ont.io/ and our application https://onto.app/.As you’re well aware, you’re far from the only impressive DLT project focused on digital identity and trust. What is it that makes Ontology stand out from the crowd? And who can use your services?Unlike many of our competitors, Ontology has focused on identity (ONT ID) since the day it was founded. ONT ID is a decentralized framework that helps users control their data and identity. It was the first batch member of DIF, W3C DID specification, INATBA, and the ISO identity working group.Existing internet-based digital identity systems have many weaknesses: they lack individual roles and have the problems of data oligopoly, fragmented sources of trust (without API to each other), difficulties in achieving accuracy in identity verification, identifying and managing IoT, assessing reputation comprehensively and in tracing content copyrights. Whereas ONT ID solutions provide unique advantages through multi-dimensional trust support based on fine-grained entities, data authentication, distributed data token management, access to multi-dimensional trust sources, control over personal credentials, and more.As a result, we can anticipate the scenarios that include management of the multiple roles for every individual, offer self-sovereign management of user data, control over personal credentials, complete traceability of authorization and usage of on-chain data. To name just a few.As for who can use ONT ID, we provide solutions for individual users, applications, developers, and verifiers. On our official website, you can find more detailed information as well as discover opportunities to try out our ONT authenticator, ONTO, and trust anchor product.“Do I believe that the new crypto trend is incoming? Absolutely.” — Andy JiWe know that it is a crucial part of your mission to enable mainstream blockchain adoption. For that to happen, attitudes will need to shift. Do you see that happening? And what do you see as the greatest hurdles in the way of widespread adoption?We always attached great significance to the combination of and cooperation with mainstream industries and we are determined to achieve it. Personally, I view the biggest hurdle as trust. Namely, whether enterprises will trust blockchain enough to choose to transform. Once the enterprises are open to change, we will go a step further to society-level trust. As anger and disappointment with the centralized systems of the big monopolising companies builds, that’s when I think people may start to accept blockchain. Do I believe that the new crypto trend is incoming? Absolutely.And what about your support for ONT staking. Has it proved a popular move and what have you learned from the experience?ONT staking has been available on our official node website page for a long time. Now we have 52 nodes in total, among which 11 are consensus nodes. In our application ONTO as well as on other popular clients, users can choose the node and stake it. In my opinion, PoS is quite popular and has great advantages. In this way, each user can participate in the governance and ecosystem development easily through staking their ONT and receiving the corresponding ONG (Ontology Gas) awards.We also try hard to provide a better experience of staking (and other functions) in ONTO. For example, the points system, wishing wall and ONT Red Packet (a way of giving gifts or bonuses to friends or relatives). Decentralization is the main feature of blockchain, so I think this kind of interaction can bring more responsibility and participation to our community members. Building these sorts of relationships allows us to better listen to our community in order to improve Ontology in all directions.We learned that young developers are one of the most powerful groups for blockchain industries.Currently, Ontology is in the process of getting more external organizations running candidate nodes to increase their stake and becoming consensus nodes. For example, our eco-projects in Korea, LATAM, and SEA are offering their token airdrop for node staking users. Our goal of this year is stuffed with 40 more staking nodes (ecosystem) from fast growing crypto regions.We were impressed by your Global University Blockchain Workshop. What were the most valuable lessons that you imparted on the tour and what lessons did you learn from the experience?Global University Workshop (GUW) was launched in the second half of 2019. We’re proud of it, but it’s only the start — we’re planning to continue into more continents.In September 2019, we went to Seoul National University as our first stop, then to five top universities in the US (Princeton, Northwestern, Harvard, Cornell and the University of Chicago). While there, we delivered key courses and received some excellent feedback. We also took the opportunity to introduce the developers to our bounty program, which has been open to worldwide community members for more than two years.body[data-twttr-rendered="true"] {background-color: transparent;}.twitter-tweet {margin: auto !important;}Highlights from today's #Ontology #GlobalUniversityWorkshop at @Cornell University👇Ready to get your hands dirty with Ontology dApp development 👀and be part of the future? 👨🏻‍💻👩🏻‍💻🏃🏽‍♂️🏃‍♀️ $ONT $ONG @ninghu79 @EdmondCong @jesserealjesse #GUWCornell https://t.co/6M2F6qugHE — @OntologyNetworkfunction notifyResize(height) {height = height ? height : document.documentElement.offsetHeight; var resized = false; if (window.donkey && donkey.resize) {donkey.resize(height);resized = true;}if (parent && parent._resizeIframe) {var obj = {iframe: window.frameElement, height: height}; parent._resizeIframe(obj); resized = true;}if (window.location && window.location.hash === "#amp=1" && window.parent && window.parent.postMessage) {window.parent.postMessage({sentinel: "amp", type: "embed-size", height: height}, "*");}if (window.webkit && window.webkit.messageHandlers && window.webkit.messageHandlers.resize) {window.webkit.messageHandlers.resize.postMessage(height); resized = true;}return resized;}twttr.events.bind('rendered', function (event) {notifyResize();}); twttr.events.bind('resize', function (event) {notifyResize();});if (parent && parent._resizeIframe) {var maxWidth = parseInt(window.frameElement.getAttribute("width")); if ( 500 < maxWidth) {window.frameElement.setAttribute("width", "500");}}What impressed us most is the dynamism and formidable interest in blockchain shown by the student developers. And we learned valuable lessons too. We learned that young developers are one of the most powerful groups for blockchain industries and strongly believe that they will contribute more to society’s trust of blockchain in the future.Our next aim is to hold a workshop in Europe or Russia, and we are very much looking forward to meeting more developers in those locations. If anyone reading this interview is interested in taking part or learning more, here’s the link to Ontology’s online course:https://stepik.org/lesson/290621/step/1?unit=272113It’s heartening to know that there are so many promising young minds with a keen interest in blockchain technologies. In which areas of the blockchain space have you found a significant lack of awareness and a need for further education?I think the answer to that is the traditional industries. The world is changing, and the old way of working cannot meet the pace set by the internet’s lightning fast development. Existing problems and pain points are hard to solve, leading to a high cost of trust and collaboration. In this bottleneck phase it is essential to use innovative and trusted technological solutions which are decentralized, traceable and flexible. I suspect blockchain is the best of them all.What exciting plans does Ontology have for 2020 and what do you hope to have achieved by the end of the year?You’ve asked that question at the perfect time. We just announced our technical roadmap on social media, the Aristotle 2020. We’ll elaborate on all of the technological points individually over the coming months. All the while, we’re incubating several amazing projects, our documentation center and developer tools will be enhanced, and we’ll be providing the online courses we were discussing. These will allow developers to ‘get their hands dirty’ with blockchain development. Subscribe to our channels for upcoming announcements and take a look at what we’re planning.Ontology’s roadmap for 2020Looks like there’s a lot of exciting Ontology news on the horizon. What do you expect from your cooperation within the enterprise blockchain sector in the coming year?We have now cooperated with enterprises from entertainment, finance, retail, communication and many other key industries. It’s my hope that Ontology tech and solutions can empower more real industries who can take advantage of the dual token mode to accelerate the circulation of in-working process. Between the different industries, the data can be shared and used in high efficiency.Thank you so much for your time, your informative and detailed answers. We know that our readers will find them fascinating. One final thing, the classic interview question, where do you see Ontology in five-years’ time?In five years, I believe you may meet Ontology everywhere. Imagine using ONT and ONG to pay bills, using ONT ID to acquire the data you want, storing your multiple digital assets in ONTO, as well as participating in staking. Then you’ll start to see our vision. We would like to make the world a better place using advanced technological solutions. And as a personal ambition, I hope we can replace EOS to become the favourite platform for Asian countries.We hope you enjoyed our interview with Andy JI, Co-Founder of Ontology!For more interviews with the leaders of the blockchain community, head on over to Blockchain Central, our YouTube channel where we post regular videos revolving around blockchain, cryptocurrencies and current industry trends.Be sure to follow and favorite us on LinkedIn, Twitter, and Medium.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInBlockescence Interviewed with Andy JI, Co-Founder of Ontology was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

20. 03. 09

Ontology, Accomplice Blockc...

Ontology, Accomplice Blockchain, and KingdomTrust Announce Collaboration on US-Asia Custody SolutionsOntology, Accomplice, and KingdomTrust are collaborating to support joint custody solutions which will encourage increased USA and USA-Asia blockchain development. KingdomTrust will immediately support custody and escrow solutions for Ontology’s ONT tokens, encouraging US-based investors and businesses to participate in global identity trust exchanges using the protocol.Accomplice will be customer #1 for the Ontology x KingdomTrust custody solution. KingdomTrust’s solutions are insured via a Lloyds of London approved carrier and rely on state of the art cold-storage facilities for a variety of crypto assets. “For institutional investors in Asian blockchain projects, appropriate US-custody providers with proven safeguards are critical to growing cross-border market participants,” said Rob Shavell.“Ontology aims to be the leading cross-chain US-Asia blockchain and integration from global institutional custody solutions from Singapore to the USA are critical to Ontology’s expansion”, said Andy JI, Ontology Co-founder.Tara Bogard, SVP of Business Development stated, “the Kingdom Trust mission is to make assets fungible, and by doing so, we give our clients the power to unlock their full financial potential. The Ontology token and its underlying framework are powerful examples of how the blockchain can be leveraged to solve real-world business problems. Kingdom is delighted to be able to provide our clients with the ability to custody the Ontology token, and we look forward to supporting its continued evolution.”About KingdomTrustKingdomTrust is an insured-custody provider with over $10bn in assets, offices in Kentucky, and is regulated as a trusted company by South Dakota. Kingdom Trust provides storage services for over 30 digital assets, including Bitcoin, Ethereum, Litecoin, NEO, Ripple and ZCash, and, now, Ontology as well.About Accomplice BlockchainAccomplice & Accomplice Blockchain — early-stage venture investors and believers in blockchain who can provide patient capital and a partner ecosystem built for founders. The Accomplice portfolio includes Angel List, Carbon Black, DraftKings, DataRobot, DataXu, Hopper, Pillpack, Skillz, Recorded Future, and many more. The Accomplice Blockchain portfolio includes Bison Trails, Coda, Coinlist, Dapper Labs, FalconX, Hashgraph, Nash, Near, Ontology, Protocol Labs, Sibex, Tor.us, and more.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInOntology, Accomplice Blockchain, and KingdomTrust Announce Collaboration on US-Asia Custody… was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

20. 03. 09

Ontology & MicroWorkers Par...

Global freelancing marketplace leader MicroWorkers is partnering with Ontology to speed up payments and to secure identity and reputation data on the blockchain for its over 1.5 million workers.MicroWorkers will use ONT to make near-instant and low-fee payments to a targeted group of global freelancers. Workers and employers will be able to use their ONTO digital wallets to receive and send crypto payments. They will also be able to securely store and share their account history and reputation data through their ONT ID on-chain, encrypted and under their sole control.The global online freelancing market is growing fast, and industry players have not responded to the growing demand from freelancers for faster payments and more opportunities. MicroWorkers will use blockchain technology to make its marketplace more efficient and to attest the credentials and reputation of the workers using the platform.Large global companies who are building AI-driven platforms, like Tencent and ByteDance in China as well as Google and Microsoft in the US, need better tools for crowds of workers to train AI data sets. MicroWorkers is now leveraging Ontology blockchain to support their growing AI demands.“Global demand for AI-training and human-in-the loop task work is booming in 2020,” said Nhatvi Nguyen, MicroWorkers CEO. “We see blockchain and the Ontology identity platform as a way to deliver potentially much improved services — to freelancers and to enterprises.”“Ontology’s demonstrated performance and reputation tools are a perfect fit for task and freelancing marketplaces which are open global platforms where participants need to get paid and to prove and re-use their reputation data. We are excited to support MicroWorkers’ growth as Ontology expands to this vertical,” said Gloria WU, Ontology Business Development Lead.If you are a student, stay-at-home mom, retired person, or a professional, you can join the site as a worker. As an entrepreneur, if you want to get small tasks done such as posts for your blog, review for your product, test a mobile app, data extraction and moderation, traffic for your page, etc., you can join as an employer and get your job done. As a worker, there is no limit to how many jobs you can accept.About MicroWorkersMicroworkers is an innovative online platform that connects employers and freelancing workers from all around the world. MicroWorkers is the #1 alternative to Amazon Mechanical Turk and is accessible to enterprises and freelancers in over 50 countries globally.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInOntology & MicroWorkers Partner to Enhance Global Freelancing Marketplaces was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

20. 03. 02

Ontology Monthly Report — F...

Ontology Monthly Report — February 2020 (21 Languages)February is the shortest month of the year, but we experienced much in this memorable month. 😜First, let’s welcome the 21st language: Persian. 👏 It is really fantastic to witness the growing Ontology global community!In the monthly report below, you can see updates of Ontology Wasm-JIT and On-chain Task dApp on ONTO, as well as the new version of explorer.The News and Event sections are also full of updates. We would like to share with you what we have accomplished in Asia, the United States and Europe.What a dynamic and fruitful February! We will continue to push forward in March. Just wait and see.🤜To help you find the monthly report in your own language in one click, we have posted the English report in this article and attached below the links of all the other 20 languages. Enjoy!中文繁體中文한국어日本語русскийEspañolاللغة العربيةDeutschTiếng ViệtItalianoहिंदीBahasa IndonesiaසිංහලTürkTagalogNederlandsRomânăslovenskýMelayuفارسیFind Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInOntology Monthly Report — February 2020 (21 Languages) was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

20. 03. 01

A User Guide on ONTO Candy Box

Candy Box is a popular airdrop distribution tool in ONTO.This article takes the recent Ontology x VID campaign as an example to show you how to complete tasks and earn rewards on ONTO Candy Box.#Users who have already installed ONTO and created the ONT ID digital identity wallet can skip Step 1 and 2.Step 1: Download ONTO from here.Step 2: Create a brand-new ONT ID digital identity wallet following the below instructions:Step 3: Find the “Candy Box” in “My”.Step 4: Click on“ Pre-registration ”and complete tasks according to the campaign rules. You may also need to log in with your ONT ID.Please note: Pre-register DOESN’T MEAN that you have already claimed your candy, do remember to withdraw it before the withdrawl time expires.Step 5: Log in to Candy Box again during ‘Withdrawal time’ and click on “get Candy”. Congratulations! You have successfully claimed your candy.Step 6: You should see your tokens in your ONTO wallet within 24 hours after claiming. If you have not added the candy token to your token list, you can add the token by searching and add the token as per the below instructions.If you have any other questions or suggestions, please feel free to contact us via email to contact@onto.app.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInA User Guide on ONTO Candy Box was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

20. 02. 28

Ontology x MovieBloc AMA Recap

Following the successful launch of MBL as an OEP-4 asset and 50 million MBL bonus available for users who stake $ONT on MovieBloc nodes, MovieBloc has been the talk of different communities within the crypto sphere. In the light of this, on Feb 20th, the MovieBloc team was invited to further cement this new found love by joining an AMA in the Ontology English Telegram to share their plan and vision.Check the chat message history of AMA hereChris KANG, CEO of MovieBloc and Andy JI joined the AMA and answered questions from the community.Intro QuestionsQ1. What is MovieBloc? Could you please tell us in a nutshell what your project Moviebloc is about?Chris KANG: MovieBloc is a blockchain-based film distribution platform.The creators will get a transparent revenue share, audience data, and equal screening opportunity; the viewers will access various films & contents and get rewarded for providing curation, foreign subtitle, and marketing material to the MovieBloc ecosystem. We just launched our official service moviebloc.com at the end of 2019, and we are continuing to upgrade the platform!Andy JI added: MovieBloc is our important eco-partner in Korea. Ontology aims to bring more real use cases to the blockchain industry. So, we helped KMplayer to co-incubate this blockchain-based project. We will continuously offer the tech support, product integration, marketing and etc. Their business had been verified and witnessed success before. 800 million downloads is an awesome achievement. To compared with Ethereum and EOS, we are much more suitable to serve enterprise-level applications. I hope MovieBloc may become the first massive adoption.Q2. Could you briefly explain on tech/integration point?Andy JI: The MovieBloc platform is an Ontology-based dApp with OEP-4 standard token. Referring to their roadmap, it will support ONT ID, content sharing and more Ontology features. I think our blockchain technology will enhance their user experience in the near future. In terms of community, we will see more transactions and attentions from their platform. It will strongly support our dual token economic model.Segment 1: Prepared questions from Ontology communityQ1. MovieBloc recently acquired Cobak. So, my question is what is Cobak?Chris KANG: Cobak is well-known in Korea, but some non-Koreans may not know much about Cobak. It is the BIGGEST ICO Platform+Crypto community in Korea. Cobak has the world’s leading mobile service that provides crypto wallet, community, real time ticker, news, airdrop, and token sale services. It has the highest number of users and wallets in the service and has introduced many popular projects through the token sales. We want to make full use of Cobak, the best and biggest crypto community and ICO platform in Korea and create great synergy with MovieBloc. For the further growth of Cobak, MovieBloc will co-work with Block72 and GBIC.”Q2. Why does MovieBloc use USDT in its own business model along with its MBL token? After all, MBL is easily converted to the same USDT, BTC, ETH and some fiat currencies through the largest exchanges in Korea and not only. Do you fear MBL volatility or what is the reason for such a decision?Chris KANG: Great question. We decided to share the creators’ earnings in USDT, yes. When the creator uploads the film, they put price on their work in USD, not in MBL. So users pay to watch film with the MBL token (or fiat currency) and the creator claims their revenue in stable coin, exactly 70% of the total sale. Using USDT isn’t something totally new for the blockchain projects. For example, Steem has Steem Dollar :) We just use USDT as a part of our reward mechanism, so the participants can also continue to come and contribute to the ecosystem without getting affected by the price of MBL changing.Andy JI: “Btw, Ontology is approaching Tether to build a Ontology version USDT and gateway. I hope we can help a little to lower the barrier for our partners.”Q3. Are you serious about continuing this project? Because I think this is a very difficult and risky project. I want you to think before answering it and I hope that the answer comes from the future.”Chris KANG: I think our accomplishment from the beginning to here shows that the team is instensely pushing this project forward. In crypto: we partnered with many global projects including Ontology, COS, and Theta. We acquired Cobak. In film and entertainment industry: we partnered with film distributors, agency, and film festival. You hoped the answer comes from the future, so here we go. We launched our film service product and it is still developing, and you can see this on our Medium in the 2020 Roadmap. There you can see how our service will develop and expand. We are also trying to add fundraising function in this year, so token holders can fund filmmakers to create a good movie. We have our vision, and we are steadily walking toward to achieve it as a team.”Segment 2: Live Chat QuestionsQ1. You MovieBloc entered the Binance voting election, what support is provided by partners ??Chris KANG: The support we got the moment we entered the Binance voting selection from our crypto partners was unbelievable! We had to make a one long poster to capture all the tweets from them, just to remember all the love we got. We also were able to see their support on the WeChat Moment posting as well. Our partners and key personnel in that entity stood up publicly and showed full support for us, and that includes Ontology as well!Q2. AMA is the one of best way to advertise your project but to improve MovieBloc’ recognition in crypto and non-crypto space, what other community activities do you do other than AMAs?Chris KANG: You are correct. AMA really was best way to advertise our project and service to the community. We did 6 AMAs for last three days, and it was amazing, we gaind many new users on our service as well. Beside AMA, one interesting community we run is a MovieBloc supporters ‘Movlies’. It is consisted of 35 Korean college students who love films, and they help us on online marketing and reviewing films. We hold monthly meeting with them, and they accomplish weekly mission as the supporter of MovieBloc. It is great opportunity for us to know how young potential users and heavy moviegoers feel about our project and the film industry from our Movies.Q3. MovieBloc is funded by Ontology Global Capital . What made them believe in your team and the product?Andy JI: MovieBloc was funded by Ontology Eco Fund as MovieBloc will become a potential massive adoption in this area.Q4. What are the main benefits of Movie / Content creator by using MovieBloc platform instead of any other platforms? Which additional options you provide to creators which no-one is providing?Chris KANG: Hmm I like your second question. We allow the uploaders to set the price of the film, and screening regions. We provide the audience data (region, device, etc) to help them on future production as well. This kind of support is not available on other platforms, so we believe we are the only one :).Q5. CORONAVIRUSES (COVID-19) is currently a worldwide epidemic. All parties are concerned. Many blockchain industry figures contributed to this disaster. How does MovieBloc react to it? Does this case also affect the performance and future steps of the MovieBloc?Andy JI: I guess it will be the chance for online, distributed collaboration. That’s the meaning for blockchain technology.Q6. What are the worst things you’ve experienced with other project in the past?Chris KANG: Luckily there weren’t any “worst” or nightmare experience we had in the past. Even if there were, we just shook it off and carried on as the team. That’s how we spent the past year.Q7. In a decentralized network, due to the anti-censorship characteristics of blockchain technology, some harmful videos, such as violence and pornography, may appear. For these video content, is there any way MovieBloc can solve this problem? That is, how to control harmful information in a distributed network?Chris KANG: In the early stage, the admin of the website will filter out the harmful videos that aren’t movie. In the later stage, I’m sure we will rely on the community’s decision to filter those kind of content, and do leverage the power of distributed or user-empowered environment of blockchain.Q8. What role do you think MovieBloc will play in making blockchain highly adaptable in the worldwide stage?Chris KANG: We hope, with Ontology and KMPlayer’s support, MovieBloc can become one of the first projects to make blockchain technology adapted to the worldwide users. Film or movie, the content we deliver, is beloved by many moviegoers around the world. PandoraTV has the streaming tech to deliver the content, and Ontology has the infrastructure that MovieBloc can utilize. It is not just a wild dream, we believe.Q9. The total supply is 30,000,000,000 MBL. So, are there any repurchase plans to burn or block tokens to increase the MBL value?Chris KANG: We have not announced any buy back or burn plan for our token. We are delicately planning and executing our token economy, as we develop and upgrade our service. Please stay tuned to see how we develop our token economy, synced with the development of our ecosystem.Q10. The online movie market is growing with the presence of many names such as Netflix, Amazon Prime Video. What will help MovieBloc compete and grow compared to rivals?Answer by Chris Kang : I can guess you are a fan of movie from your user name ‘Lalaland’ :) You are correct. There are Netflix, Amazon prime Video, Hulu, YouTube Movies, and so on. At this early stage, it wouldn’t make sense to compare MovieBloc to them. However, we are a community and participants driven project that empowers our audiences and contributors. We also have our own event and reward mechanism to draw more users who can enjoy films that weren’t available on Netflix and other big platforms. Pushing users from KMP would also help us to quickly grow our user size as well. Also, Amazon Prime and Netflix are subscription based and we are transaction based like pay per view. Our revenue share mechanism with transparency will be more attractive to the content creators once we have a significant amount of users. But we still have more steps to go for now :)It was a pleasure having Mr Chris KANG and Andy JI on board to answer questions from the community, further bonding the project and community for future success, we hope to have more time like this.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInOntology x MovieBloc AMA Recap was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

20. 02. 27

Ontology x Binance.US AMA R...

On Feb 19, Ontology and Binance.US hosted an AMA on Telegram to answer questions from the community and share current and future developments of the project since Binance.US supporting ONT/USDT, ONT/USD trading pairs.Ontology’s Co-Founder Andy JI and Americas Ecosystem Lead Erick Pinos joined the AMA and answered questions from the community.Segment 1 Prepared questions asked by Binance.USCould you please tell me what Ontology token is? What problems does it solve?Ontology has a dual-token model. Very special. It uses ONT for staking, utility cases and governance and ONG as gas fuel. In the Ontology infrastructure design, everyone can participate in the ONT PoS mining, and the time costs of staking and the operating costs of the nodes are considered to be contribution and ONG is distributed as compensation. ONG is the utility token used as a value anchoring tool for on-chain applications. Now we are also expanding the Ontology ecosystem by seeking more scenarios where ONT could be used in our daily life.What is the advantage of keeping the Ontology token for a long and short-term period?First, Ontology has a strong technical accumulation. We had taken the lead in the launch of Sharding, Cross-chain, and Wasm-JIT, and had completed BTC and ETH cross-chain integration. 80% of the Ontology team are engineers. It may sound boring but on the other hand, indicates that we focus 100% on the technology side. Our big milestone — Ontology Aristotle (version 2.0) will be launched around Q2. Ontology uses a staking model where ONT can join PoS mining and get ONG in a unit of time, and ONG can be used for transaction fees on the blockchain. At the same time, we are expanding the scenarios of ONT and ONG which hopefully will help you improve your daily life. We do have enough funds to support the long-term operation. In 2020, we will try to meet the requirements of fully regulated countries like G7 and hopefully, we can enter into more markets like Japan, Germany, and the US market, which will strongly support the long-term adoption。What solutions does Ontology have for users to easily purchase cryptocurrencies by fiat?That’s our target to serve more users and transfer the traditional customers to understand, purchase and own cryptocurrency. We are incubating a project specialized in fiat gateway and payment which will be launched soon. Meanwhile, we plan to be listed on more regulated fiat currency exchanges and develop more ONT payment scenarios in the future, such as the ONT credit card and other scenarios to make ONT more useful in real life. In the meantime, we will also promote cooperation between ONT Staking and DeFi. Ontology will focus on technology development as usual and have more real business applications. I would like to highlight the regulation again. We are currently approaching several main US custodian vendors like Bitgo, Bakkt, Coinbase, KingdomTrust and etc.What brought Ontology to Binance.US and what are the advantages of this listing?Firstly, we are very honored and excited that ONT has been listed on a regulated US marketplace like Binance.US, and we welcome all Binance.US users to our community.We know that in recent months, several international exchanges have pulled out of the U.S. market due to regulatory ambiguity — leaving American traders with a dwindling variety of platform and coin options.But Binance.US, as the world’s largest exchange with the advanced trading technology, understands the nuances of the American crypto landscape and is always on a mission to help the US market catch up to its international peers. That’s why we choose Binance.US.As for the advantages of this listing, US-based traders can now trade ONT in USD and USDT trading pairs. It is also the first to provide a fiat and stable coin on-ramp, in contrast with the crypto-to-crypto model offered by most exchanges. In addition, it will be a great help for us to penetrate further into the US market. Recently, Ontology is exploring several mainstream industries in the US market. We are seeking more excellent partners in the US like Bison Trails, MicroWorkers, KingdomTrust and so on. The cooperation details will be published on social media soon. On the tech side, Ontology and Chainlink are devoted to providing efficient Oracle tools for worldwide developers, and we just invested in bloXroute Labs to develop the BDN (the blockchain distribution network) solution and Layer 0 scalability. We hope that American users could know more about ONT and Ontology’s technologies, insight, and vision as we seek to make the world a better place using advanced blockchain technology solutions.What are the future plans for Ontology? Do you have any exciting things down the pipeline that you can share with the group?Before this past Lunar New Year, our Founder, Jun LI, shared Ontology’s strategic plan on YouTube with our global community and we have published Ontology’s 2020 roadmap shortly after. Cross-chain (adding Bitcoin, Ethereum and EVM compatible public chain interoperability), Layer 2, enhancement of ONT ID and data sharing protocol will still be our main focuses this year. We will keep moving forward and never stop. More details will be released in the following months. You can also check more details of our roadmap here.Or in bullet points:i. Faster and cheaper protocol ( than ETH and XRP)ii. Easy adoption and enterprise-readyiii. Regulatory friendly financeiv. Data market along with authoritySegment 2 Live QuestionsTechnologyAs we know, the ETH network often has problems with scalability. So, as a project which is aiming to solve existing high-performance problems. What scalable technology do you think is the most efficient solution at this MOMENT? Do you think that you can compete with ETH when they release ETH 2.0? Can the scalability problems affect the operation of ONT when there is high-volume traffic on throughput? If yes, what will be your team solutions?The new Aristotle aims to solve the scalability problem. It will include Layer 2 solutions for micro payment and sharding (solo first) to enhance the payment user experience.What is the vision for DECENTRALIZATION? Will I be able to run a node on my Raspberry Pi one day without needing a massive amount of ONT?PoS mechanism. So it may need a little stake to keep the network safe. We will try to lower the barrier.What makes dApps Ontology more unique than others? Why the Ontology platform should be the choice for dApp developers?Ontology offers a suite of identity and data exchange tools that make it easy for identity and data sharing-focused dApps. Additionally, Ontology smart contracts can be made in C++ or JavaScript, so mainstream developers can pick it up very quickly without having to learn a new language.What makes ONT is better compared to other projects? Are there any unique mechanisms?No magic. Faster, cheaper and keep improving. Bring more real adoption and massive users are the only right way.ApplicationsCan you envision ONT being used for things like real estate and proof of ownership (perhaps eventually replacing the need for a notary or middleman) on a small business/individual customer scale? What are the barriers to achieving this?Yes. ONT ID can be applied as cryptographically verifiable real estate and housing records, eliminating the need for a middle man to sign papers when someone buys a house.How many partners currently rely on the Ontology’s technology and what benefits do these partners bring?We are more focused on the enterprise part. Some partners with massive users want to implement a new distributed service on blockchain. Ontology is the best choice because we have more than 200 manpower to support enterprise-class service as Consensys did. Big enterprises cannot rely just on the community.In regards to Ontology sharding, what kind of real-life application or adoption will sharding improve to help bring the masses to Ontology and crypto in general?You can imagine a bank network. There are several types of business like lending, wealth management. We don’t need to build a separate business chain anymore. We can easily adopt a shard and you just close it if the business shuts down.What do you think is the biggest problem that is happening to Ontology right now and what is the team doing to solve it?Exploring the newly regulated market and finding the “Killer App” is a big challenge. The same to Ethereum. We don’t know the DeFi is future or not. We picked up three topics such as payment, gaming and manpower collaboration.What strengths does Ontology have, compared to the other similar projects? What do you think is the biggest problem that you are facing right now? Is there a DEX platform in Ontology? What plans do you have to help drive the demand for the ONT token?Ontology has a strength in its real-business use case and partnerships and enterprise focus. We support our community like a foundation but also test out business models like a company. The biggest problem, as like every other project, is the learning curve for crypto adoption + the business models to keep blockchain companies alive. We tackle these two issues every day with every iteration of our platform. There is a popular Ontology DEX by the Sesameseed Team.Can you envision ONT being used for things like real estate and proof of ownership (perhaps eventually replacing the need for a notary or middleman) on a small business/individual customer scale? What are the barriers to achieving this?ONT can support this kind of scenario. But the key problem is not technology. You need some professional support from the business side. The main question lies in how to convince the businessman to understand blockchain and its benefits. It takes time but it will be interesting, considering the tokenization of everything.Will ONT announce more technologies and projects in the future?? In what areas will it be developed? I’m waiting excitedly!Soon in the US Market.Ontology looks good but it confuses me that there are so many other Blockchain projects. What should I pay attention to Ontology to give it the importance it deserves?Personally, I also like some other protocols. That’s why Ontology chose to build a multiple chain collaboration platform. If you prefer Tezos, ETH, that’s all right. We can support all. Like we mentioned earlier, our ONTO wallet also supports Ethereum, Neo, and Klay.WalletsThere are so many crypto wallets out there on the market, and all of them can do almost the same job. In what aspect Infinito is unique from the rest?Infinito is a good wallet but I think ONTO is better. Fiat entrance will become an important feature.As we know there are two major old hardware wallets brands TREZOR, LEDGER could you explain why we should use OWallet compared to these? And which types of benefits do OWallet provide to the holder?OWallet is compatible with hardware wallets like Ledger, you don’t have to choose. You can use OWallet desktop interface with your hardware wallet.That’s a healthy win-win model with our eco-partners. They help us to bring more users and transactions, attention. We focus on developing an easily- adopted platform and share their voices. We will bring more traditional companies in this area as the crypto is the future.What criteria does Ontology use for integrating ONT and ONG into multi-chain wallets? And if supporting and adopting blockchain apps is important, would Owallet and ONTO also consider supporting other public blockchains’ coins or tokens in the future? Why or why not?ONTO already supports Ethereum, Neo, and Klay.PartnershipsNews recently your partner Moviebloc entered the voting Binance election, what benefits do you get in supporting your partner?The more adoption Ontology ecosystem tokens get, the more value is brought to the entire network overall, correlating to higher value ONT and ONG. So support our ecosystem projects as much as you support ONT.TokenonmyHow about the gas? It’s cheaper than Ethereum and another chain or not?Ontology gas is quite cheap. It only costs around 40 cents per 100k transactions.What is the leading Utility of ONT? And what is the tokenomics of it?ONT is used for staking and for node governance. As you hold ONT, it generates ONG that you can use to make transactions on the network. The longer you hold ONT the more ONG you get. Or if you are impatient you can buy a lot of ONG and make a lot of transactions on the network right away.In the white paper it says, “Ontology has an infrastructure platform to support the development of dApp for different scenarios”. In the case of supply chains, for example, why isn’t dApp created on NEO?You can give it a try and then you will know which one is better. That’s why we had more dApps than Neo.Ontology’s recently appeared rival is Cosmos. So are you afraid that with Cosmos appearing after the ONT, there will be everyone's attention and attention?Every month there is a new blockchain platform. They come and go. To be honest, the ideal future is one where developers can pick the right tool for the job. We keep our focus on what we do best which includes pushing for real business cases with enterprise partners.PolicyRecently, China has said it wants to be a leader in the blockchain space and wants to make blockchain a national strategy, how will this affect the blockchain/crypto/Ontology industry?a. The government prefers a permissioned blockchain than permissionless. b. Private corporations are not allowed to issue digital currency. c. The government encourages companies (like us) to develop an outstanding framework and get rewards from the government. (We receive 500K USD bonus per year).d. Most enterprises are trying to implement blockchain. But the use case is limited by region.Ontology is a multi-chain system and easily connect with permissoned ledger and other protocols.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInOntology x Binance.US AMA Recap was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

20. 02. 24

Libra Association Member Bi...

Allows seamless deployment of Ontology nodes for enterprise companiesToday, we announced the integration of our Triones Node infrastructure onto the Bison Trails platform, a premier infrastructure as a service platform focused on blockchain participation. This strategic integration will allow enterprises that are testing and deploying on Ontology to launch nodes effortlessly without compromising technical standards or service levels.According to Deloitte’s 2018 global blockchain survey, 95% of companies across industries made an investment into blockchain projects, with 2019 marking the year those came to fruition. As enterprises begin to take blockchain seriously, a need for enterprise-grade blockchain solutions has come to the forefront. Through the integration with the Bison Trails infrastructure platform, Ontology will now be able to support the needs with strong identification and interchain communication and flexible and trustless exchanges across business enterprises.“The future of enterprise blockchain involves enabling businesses that help drive transactions to easily participate in both the security and profitability of the chain they’ve chosen. The Bison Trails and Ontology partnership puts in place the foundation to catalyze adoption of the technology,” said Joe Lallouz, CEO of Bison Trails.The Ontology network currently has 49 Triones node operators and 11 consensus node members across the globe. The strategic integration of Bison Trails will further decentralize high-performance node management and streamline node initiation allowing new enterprises that are testing and deploying on Ontology to launch nodes effortlessly without compromising technical standards, service levels or cost.“Unlike many other ‘post Bitcoin’ blockchains, Ontology has been focused on enterprise and real-world deployment from day one, successfully launching MainNet back in 2018,” said Li Jun, Founder of Ontology.“Ontology is focused on providing value by enabling global businesses to collaborate in a secure trusted fashion faster and with fewer costs than ever before. Meanwhile, As a founding member of the Libra Association, Bison Trails created an infrastructure to help launch nodes on a range of blockchain networks. In my opinion, Ontology and Bison Trails have similar missions. We feel confident and also delighted that we can jointly bring technology solutions for more enterprises that need blockchain to transform and upgrade.”“We are excited to be the first customer of the Bison Trails and Ontology node infrastructure solution and look forward to continued growth with the Bison Trails platform globally,” said Ash Egan, Partner at Accomplice.For more information on the Bison Trails and Ontology integration, please visit: https://bisontrails.co/ontology/About OntologyOntology is a high-performance public blockchain and distributed collaboration platform. Architected in Asia with global teams, Ontology’s unique infrastructure supports robust cross-chain collaboration, Layer 2 scalability and includes a suite of decentralized identity (DID) and data sharing protocols to enhance the speed, security, and trust that are fundamental to enhanced global cooperation among businesses. These characteristics are particularly important for future global collaboration with on-chain and off-chain scenarios.About Bison TrailsBison Trails, the premiere Infrastructure-as-a-Service company specifically focused on blockchain participation, provides an easy-to-use platform to launch and run highly-available nodes on any blockchain network effortlessly. Based in New York City, Bison Trails offers geographically distributed infrastructure for the pioneers of tomorrow, to enable the entire blockchain ecosystem to flourish.About Accomplice BlockchainAccomplice & Accomplice Blockchain — early-stage venture investors and believers in blockchain who can provide patient capital and a partner ecosystem built for founders. The Accomplice portfolio includes Angel List, Carbon Black, DraftKings, DataRobot, DataXu, Hopper, Pillpack, Skillz, Recorded Future, and many more. The Accomplice Blockchain portfolio includes: Bison Trails, Coda, Coinlist, Dapper Labs, FalconX, Hashgraph, Nash, Near, Ontology, Protocol Labs, Sibex, Tor.us, and more.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInLibra Association Member Bison Trails adds Ontology (ONT) nodes to platform was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

20. 02. 21

Everything you need to know...

This article is designed to help you have a better understanding of the ONT ID digital identity wallet.If you are a new ONTO user, you can follow the below instructions toWhat is an ONT ID digital identity wallet?Since ONTO version 2.3.0, ONT ID has been connected to the digital wallet.ONT ID digital identity wallet is a brand-new digital identity wallet, which supports both ONT ID and the one-stop management of assets.Creating a new ONT ID digital identity wallet means you create an ONT ID and a digital wallet at the same time.Your ONT ID= did:ont:+ your ONT wallet address. They also share the same password when logging in.ONT IDA decentralized framework that helps users control their data and identity.ONT ID is a framework based on a decentralized identification protocol, using blockchain and cryptographic technology, that connects people, data, and services.ONT ID protects user privacy and ensures data security, enabling trusted collaboration.2. ONTO walletIt manages your blockchain assets.So far, ONTO wallet support 930 tokens, including but not limited to ONT, ONG, ETH, NEO, GAS, PAX, MBL and KLAY.Supported token types: OEP-4, OEP-5 and ERC-20.With your wallet, you can transfer、pay and participated in 48 Ontology nodes staking and get rewards.Why should ONT ID and wallet be bound or connected?The binding of identity and wallet is convenient for users to better manage their own all-round information. Both are inseparable to each other. After binding, the user only needs to manage one account instead of two.What should I do with the old ONT ID?The old ONT ID created before ONTO v2.3.0 can only manage users’ identity data, which makes it unavailable in many related functions that also requires wallet payment at the same time. It is recommended that users upgrade and migrate to the new ONT ID digital identity wallet.What functions are available with the ONT ID digital identity wallet in ONTO?All current functions of ONTO require the use of the ONT ID digital identity wallet.With ONT ID digital identity wallet, you cana) Get certificated or authorized by 4 Trust Anchors (CFCA/SenseTime/Shufti Pro/IdentityMind) and get blockchain certs.b) Get authenticated with 9 social networks (Mobile/Email/Twitter/GitHub/Facebook/LinkedIn/Kakao/Line/Amazon)c) Receive and send 930 different types of tokensd) Stake ONT in Ontology nodes to earn ONG rewardse) Access to and use 25 dApps developed on Ontology blockchainWhat’s next after completing a social network authentication claim?The ONTO team is planning and designing more specific application scenarios for the claims. Please stay tuned to future ONTO updates.Can I use ONT ID in the other wallets, like OWallet and O3?ONT ID is a digital identity based on the Ontology blockchain, which cannot be used in other wallets at this stage.As for Ontology official desktop wallet OWallet, it only works as a digital assets wallet while ONTO is a data wallet that supports both digital identity and digital assets.Can I send ONT or ONG to my ONT ID?Most users may find it hard to understand the differences of ONT ID and ONT wallet address as they appear quite similar. Take the following addresses as an example (differences are marked in bold as below):ONT wallet address: ANjfiNR5zG1Dhm2dWwYMH8Wkju2eijAmGUONT ID address: did:ont:ANjfiNR5zG1Dhm2dWwYMH8Wkju2eijAmGU.In general, when you transfer OEP-4 tokens including but not limited to ONT or ONG to ONT ID, the system can identify the ONT address contained in ONT ID and release the assets to your ONT wallet address. However, we generally DO NOT recommend you to transfer assets to ONT ID in case of any accident that may cause your asset loss.Please do double check the address format is correct before making any transfers.Can users transfer the ONTO points from old ONT ID to the ONT ID digital wallet?No, you cannot transfer the ONTO points from the old ONT ID to the current ONT ID digital wallet, but you can still use the ONTO points with the old ONT ID.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInEverything you need to know about the ONT ID digital identity wallet was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

20. 02. 20

ONT Listed on Binance.US Tr...

Binance.US will be the first marketplace to offer a fiat on-ramp for ONT in the U.S.ONT/USD and ONT/USDT trading pairs listed on Binance.USSince 8 am EST on February 13, Binance.US has opened deposits for customers, with active trading of ONT against USD and USDT to begin at 9 pm EST on the same day.This means US-based traders can now trade ONT in USD and USDT trading pairs. This listing is the first to provide a fiat and stable coin on-ramp, in contrast with the crypto-to-crypto model offered by most exchanges.In recent months, several international exchanges have pulled out of the U.S. market due to regulatory ambiguity — leaving American traders with a dwindling variety of platform and coin options. Noticing a need for a US-native exchange that understands the nuances of the American crypto landscape, and licensing the advanced trading technology of the world’s largest exchange, Binance.US is on a mission to help the US market catch up to its international peers. The ONT listing brings Binance.US’s token count to 29 — offering heavily vetted and legally compliant variety to US-based traders.“We are honored and excited that ONT will be listed on a regulated US marketplace like Binance.US, and we welcome all Binance.US users to our community,” said Andy JI, Co-Founder of Ontology, “We hope that American users enjoy getting to know more about ONT and Ontology’s technologies, insight, and vision as we seek to make the world a better place using advanced blockchain technology solutions.”“Binance.US is delighted to be the first regulated US marketplace to offer fiat and stable coin on-ramp for Ontology, one of Asia’s most exciting blockchain projects that are at the forefront of enterprise blockchain innovation. With over 800,000 wallet addresses and 2 million community contributors, Ontology has considerable market momentum, but only until now can US investors trade it for USD or USDT in a regulated way. As a company with global roots, Binance.US is committed to listing credible and regulated tokens from around the world, and we are excited to welcome Ontology as the 29th coin listed on our marketplace,” said Catherine Coley, CEO of Binance.US.“It is a fantastic opportunity for ONT to be listed on Binance.US, and it will also be a great help for us to penetrate further into the US market. We always attach great significance to the cooperation with Binance, and have jointly launched dozens of global online AMA and campaigns before,” Andy JI said.Recently Ontology is exploring several mainstream industries in the US market, collaborating with Bison Trail, MicroWorkers, KingdomTrust and so on. The cooperation details will be published on social media soon. On the tech side, Ontology and Chainlink are devoted to providing efficient Oracle tools for worldwide developers, and we just invested in bloXroute Labs to develop the BDN (the blockchain distribution network) solution and Layer 0 scalability.As to the roadmap of Ontology in 2020, we will launch Aristotle soon in which the cross-chain (Adding Bitcoin, Ethereum and EVM compatible public chain interoperability), Layer 2, enhancement of ONT ID and data sharing protocol will still be our main focuses. More details will be released in the following months.Ongoing EventTo celebrate the listing of the ONT/USD and ONT/USDT trading pairs, Binance.US invites all users to participate in an exciting ONT promotion. The promotion will run from February 13th at 9:00 PM (EST) to February 20th at 9:00 PM (EST).Click here to participate and learn more about this event.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInONT Listed on Binance.US Trading against USD and Tether (USDT) was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

20. 02. 17

Ontology is Joining the Tor...

Ontology will be joining as one of the key ecosystem stakeholders in running a node on the Torus Network. Together with Binance, ENS, Etherscan and many other institutions, we will be running a validator node that operates Torus’s Distributed Key Generation, Proactive Secret Sharing and Key Assignment protocol.Torus, the One-click Log-in Provider to the Web 3.0 UniverseTorus is a key management system that lets users log into dApps in a single step through their Google, Facebook, Reddit, Discord, or Twitch accounts. Users are also able to send tokens to Google account emails, Reddit usernames and Discord IDs regardless of whether the recipient has logged into Torus before.On the backend, the keys are generated in a distributed manner via Distributed Key Generation, built on Shamir’s Secret Sharing, amongst the network of the selected node operators and reconstructed when successfully authenticated on integrity checked front-end javascript session, the key is erased once the tab is closed.Mainstream Blockchain AdoptionCollectively, the Torus Network strives to establish a key management platform that will empower billions of people to leverage on the benefits of blockchain technology. With seamless onboarding processes that users are familiar with, Ontology is ready to help lower the barriers of entry for mainstream users to increase adoption within this space.Ontology will be contributing to the increased layers of security and trust for both users and that of Torus. Ontology and Torus have pledged to maintain optimal operational uptime of our node and to uphold the integrity of the network.Focus on IdentityWith our goal to grant users control over their data and identity through our decentralised framework, Ontology’s collaboration with Torus log-ins is a step towards that actualization. The harmonious integration of existing social log-ins sets the groundwork for building a system of trust and reputability that is still valued in our ecosystem.Alongside our suite of frameworks and protocols that developers can utilize to build the “last mile” for their blockchain applications, our collaboration with Torus is aligned with our goals. We endeavour to build up the infrastructure of the decentralised ecosystem to improve the usability and application of the technology for a greater magnitude of users.To learn more about Torus, please visit https://tor.us.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInOntology is Joining the Torus Network to Establish Key Management Designed for Mainstream Users was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

20. 02. 14

Scaling Ontology with bloXr...

By Prof. Aleksandar KuzmanovicOntology is not only a high performance public blockchain, but also a distributed collaboration platform. Their ONT ID decentralized framework helps users manage their own data and multi-dimensional authentication by global verifiers. ONTO helps users manage their digital assets, while DDFX, a decentralized data exchange, is capable of tokenizing data and providing data traceability and cross-system data processing.Necessarily, ensuring that the underlying Ontology public blockchain is truly scalable, is a necessary pre-condition that enables all the above services to operate seamlessly. This is where bloXroute comes into play. By deploying a global blockchain distribution network (BDN), bloXroute helps scale blockchains, i.e., it can help increase the transaction per second (TPS) rate, often substantially. bloXroute’s BDN consists of two types of nodes: Relays are high-end servers distributed globally, and gateways, co-located with blockchain nodes, are end-point systems whose main objective is to translate the native blockchain messages to bloXroute’s messages, and vice versa. Currently, bloXroute and Ontology are jointly working on developing a bloXroute gateway for Ontology.Before explaining how bloXroute helps Ontology blockchain scale, let us first see how the Ontology consensus protocol works.Ontology’s consensus algorithm — VBFT, combines Proof of Stake (PoS), Verifiable Random Function (VRF), and Byzantine Fault Tolerance (BFT). The Ontology system consists of several networks and entities: (1) The consensus network consists of consensus nodes responsible for consensus on transaction requests within Ontology, block generation, maintaining the blockchain, and distributing consensus blocks to other nodes in the network. (2) The consensus candidate network nodes do not participate in consensus but remain synchronized with the consensus network and updated to the latest consensus block on the blockchain maintained by them in real time. These nodes will also monitor consensus network status, validate consensus blocks, and assist in managing the Ontology network. (3) The synchronous network nodes verify transactions received from the end users, and send them to the consensus nodes. Typically, an end-user (e.g., a dApp) will install and communicate to a local synchronous node. Necessarily, synchronous nodes also receive blocks generated by the consensus network.So how does bloXroute help Ontology?When evaluating blockchain scalability properties, often times it is assumed that consensus nodes have access to all the transactions, and then the throughput and performance among the consensus nodes is evaluated. However, in reality, transactions first need to be distributed to the consensus nodes, and this needs to be done sustainably, and at a high TPS rate. This is precisely what bloXroute does, i.e., keeping consensus nodes synced even in light of a dynamic transactions’ traffic matrix.While distributing transactions to consensus nodes, bloXroute actively indexes them, i.e., assigns them short identifiers (SIDs). Thus, by keeping all the consensus nodes in sync and by utilizing SIDs when transmitting blocks, bloXroute makes it possible to significantly reduce the block size.Reducing the block size enables swift block distribution, but more importantly, with bloXroute it becomes possible to generate very large blocks, thus directly impacting the Ontology scaling properties.Another important effect of an efficient and scalable network layer is not just the block size increase. In addition, the Ontology network itself can become bigger, hence more decentralized. This means that safely spinning up more consensus and sync nodes becomes possible.The transaction incast problem is another common problem that bloXroute helps resolve. In particular, given that sync nodes can send transactions to multiple consensus nodes, it becomes possible that the same transactions may be redundantly distributed among consensus nodes, which becomes problematic at high TPS rates. By effectively broadcasting transactions among Ontology nodes, and by suppressing redundant transaction distribution, bloXroute can help fundamentally alleviate this problem.Last but not least, the number of connections open at consensus nodes can become high, when a large number of sync nodes connect to it. This can limit the performance, because significant resources can be spent at a consensus node in managing a large number of connections. However, limiting the number of connections that a consensus node can have also reduces the performance, because transaction travel longer within the p2p network. bloXroute helps here by providing a broadcast layer that makes it possible to swiftly propagate transactions and blocks, yet without requiring many connections to the BDN.In summary, Ontology and bloXroute are working together on developing bloXroute/Ontology gateway. Once developed, it will be made available to the Ontology community, providing a direct access to the bloXroute’s BDN. This will ensure that Ontology’s blockchain is efficient, scalable, and decentralized, ready to absorb a traffic surge that will inevitably come from its numerous applications.Scaling Ontology with bloXroute was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

20. 02. 14

Win ONG Rewards with Your E...

There are many special occasions in life for you to send your best wishes to a friend, family member, relative or loved ones. You may find yourself taking approaches like sending a message, making a phone call, writing a letter, and sharing a video etc. However, this article is going to show a more innovative and fancy way to do it — using our blockchain technology.(Image from online)Once you write down the wishes, they will be recorded on the blockchain forever, which means your wishes will be traceable and no one can alter yoru wishes.Moreover, we are excited to tell you that today you will also have the opportunity to receive extra rewards through our ONTO wishing wall. Check out the rules below and see if you will be the lucky one!Rules:💙 Time: From Feb 12 08:00 to Feb 16 23:59 (EST Time);💙 Reward:Users will be awarded with 888 ONG if his/her on-chain wishing hash includes 5 consecutive “8”, and 666 ONG for users with 6 consecutive “6” in his/her hash;🍬For example:User who has the below hash shall receive 888 ONG:013b5eb87e3713c888889506bef42b660b6821e1c5088e3782111d6b3412ebc2User who has the below hash shall receive 666 ONG:0472b5eb8666666c5adc39506bef42b660b6821e1c5088e3782111d6b3412ebc22. Didn’t get all the required “8” and “6” in your transaction hash? No worries. we have also set special rewards for users who receive the most likes:💙 For users who received the most likes, the first two will be rewarded with 88 ONG each, and the third to fifth will be rewarded with 66 ONG each;💙 Users should be receiving the rewards in their ONTO wallet within 3 days.(Image from online)How to Participate👉Step 1: Click here to access the Wishing WallIf you are a new user, you will need to download ONTO first. For registered users, you should be able to see the below page directly.👉 Step 2: Click the “Create a Wish” button at the bottom, write down your wishing content and then click “Create a Wish” and select “confirm” in the pop-up window, your wishing should be on-chain in the form of hash within no more than 3 hours;👉Step 3: Click the “Share” button at the top right-hand corner of the page. You can share your on-chain wishes to any supported social media channel as you like, or you can also save it to your album and then send the photo to your friends.Note:For any other question or feedback, please feel free to comment below or email us at contact@ont.io.(Image from online)Be brave and express your love to your loved ones with ONTO Wishing Wall now! Let the world feel your love.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInWin ONG Rewards with Your Everlasting Wishes on the ONTO Wishing Wall was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

20. 02. 12

Ontology Invests in bloXrou...

In October 2019, we announced cooperation with bloXroute in the Layer 0 Scalability Solution, jointly constructing the blockchain distribution network (BDN). This year, we made strategic investment in bloXroute to further the technology and soluction development.Today, we would like to share a great article about “how to scale Ontology with bloXroute”, written by Prof. Aleksandar Kuzmanovic from bloXroute. Through this article, you will understand how do ONT ID, DDXF and ONTO work in Ontology ecosystem, as well as the Ontology consensus protocol. Hope you will have a deeper understanding of scalability and BDN after reading this, and welcome to give your advice or feedback using contact@ont.io or comments.Below content fowarded from bloXroute TeamOntology is not only a high performance public blockchain, but also a distributed collaboration platform. Their ONT ID decentralized framework helps users manage their own data and multi-dimensional authentication by global verifiers. ONTO helps users manage their digital assets, while DDFX, a decentralized data exchange, is capable of tokenizing data and providing data traceability and cross-system data processing.Necessarily, ensuring that the underlying Ontology public blockchain is truly scalable, is a necessary pre-condition that enables all the above services to operate seamlessly. This is where bloXroute comes into play. By deploying a global blockchain distribution network (BDN), bloXroute helps scale blockchains, i.e., it can help increase the transaction per second (TPS) rate, often substantially. bloXroute’s BDN consists of two types of nodes: Relays are high-end servers distributed globally, and gateways, co-located with blockchain nodes, are end-point systems whose main objective is to translate the native blockchain messages to bloXroute’s messages, and vice versa. Currently, bloXroute and Ontology are jointly working on developing a bloXroute gateway for Ontology.Before explaining how bloXroute helps Ontology blockchain scale, let us first see how the Ontology consensus protocol works.Ontology’s consensus algorithm — VBFT, combines Proof of Stake (PoS), Verifiable Random Function (VRF), and Byzantine Fault Tolerance (BFT). The Ontology system consists of several networks and entities: (1) The consensus network consists of consensus nodes responsible for consensus on transaction requests within Ontology, block generation, maintaining the blockchain, and distributing consensus blocks to other nodes in the network. (2) The consensus candidate network nodes do not participate in consensus but remain synchronized with the consensus network and updated to the latest consensus block on the blockchain maintained by them in real time. These nodes will also monitor consensus network status, validate consensus blocks, and assist in managing the Ontology network. (3) The synchronous network nodes verify transactions received from the end users, and send them to the consensus nodes. Typically, an end-user (e.g., a dApp) will install and communicate to a local synchronous node. Necessarily, synchronous nodes also receive blocks generated by the consensus network.So how does bloXroute help Ontology?When evaluating blockchain scalability properties, often times it is assumed that consensus nodes have access to all the transactions, and then the throughput and performance among the consensus nodes is evaluated. However, in reality, transactions first need to be distributed to the consensus nodes, and this needs to be done sustainably, and at a high TPS rate. This is precisely what bloXroute does, i.e., keeping consensus nodes synced even in light of a dynamic transactions’ traffic matrix.While distributing transactions to consensus nodes, bloXroute actively indexes them, i.e., assigns them short identifiers (SIDs). Thus, by keeping all the consensus nodes in sync and by utilizing SIDs when transmitting blocks, bloXroute makes it possible to significantly reduce the block size.Reducing the block size enables swift block distribution, but more importantly, with bloXroute it becomes possible to generate very large blocks, thus directly impacting the Ontology scaling properties.Another important effect of an efficient and scalable network layer is not just the block size increase. In addition, the Ontology network itself can become bigger, hence more decentralized. This means that safely spinning up more consensus and sync nodes becomes possible.The transaction incast problem is another common problem that bloXroute helps resolve. In particular, given that sync nodes can send transactions to multiple consensus nodes, it becomes possible that the same transactions may be redundantly distributed among consensus nodes, which becomes problematic at high TPS rates. By effectively broadcasting transactions among Ontology nodes, and by suppressing redundant transaction distribution, bloXroute can help fundamentally alleviate this problem.Last but not least, the number of connections open at consensus nodes can become high, when a large number of sync nodes connect to it. This can limit the performance, because significant resources can be spent at a consensus node in managing a large number of connections. However, limiting the number of connections that a consensus node can have also reduces the performance, because transaction travel longer within the p2p network. bloXroute helps here by providing a broadcast layer that makes it possible to swiftly propagate transactions and blocks, yet without requiring many connections to the BDN.In summary, Ontology and bloXroute are working together on developing bloXroute/Ontology gateway. Once developed, it will be made available to the Ontology community, providing a direct access to the bloXroute’s BDN. This will ensure that Ontology’s blockchain is efficient, scalable, and decentralized, ready to absorb a traffic surge that will inevitably come from its numerous applications.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInOntology Invests in bloXroute, Will Jointly Develop Layer 0 Scalability Solution and BDN was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

20. 02. 10

Ontology GCC (Global Commun...

Up till now, we feel excited that we have more than 2,000,000 community contributors, 600,000 community members throughout the world and the ability to support 21 different languages.Based on this, we would like to invite more community members who are willing to contribute to the trust ecosystem using their effort, time and specific abilities. Today, we published the Ontology GCC (Global Community Contributor) Project, welcome you to join us!Why become a GCC?​For​ Short-term​, you can get incredible incentives​. For the year 2020, Ontology will focus on building a powerful global community ecosystem. You will be given the opportunity to fully utilize our remarkable incentive program — a total incentive pool of 100 million ONT to help you achieve your target.​For​ Mid-term, it will be beneficial to your local community​. Ontology has the latest blockchain know-how, technologies, products and services. As one of our GCC’s, your community can have first-hand experience in newly launched blockchain applications that enables real business adoption.​For​ Long-term​, you will help on a healthy & distributed ecosystem​. The Ontology ecosystem has many traditional industry partners which not only provide services to businesses but also to individual customers. For the long run, you will join a healthy, sustainable and distributed ecosystem.​Who can be an Ontology Co-Builder​?01 KOLsKey opinion leaders (KOLs) in any industry with high interests in adopting blockchain technology, and at the same time has a good amount of followers.​02 Business​ Connectors​Individuals or organizations that are experienced at developing and building positive interactions and great relationships with those who are looking for blockchain solutions to generate real business leads.​03 ​Community​ Organizations​Existing community with a certain amount of active members who has reached a consensus on the application of blockchain technology.​04 Research​ Organizations​Organizations doing research on blockchain technology including but not limited to R&D labs, institutions, NGOs etc.​05 Developers​Individual developers or teams that can apply blockchain technology to create products that will bring real values to life.​06 Others​Tell us how you would like to help Ontology grow other than the aforementioned​ categories.What can I get from Ontology?​Authorized to be the official community representative of Ontology in the region​;Become an Ontology Node. Participate in the governance and long-term profit sharing of the Ontology network​;Enable a first-hand experience for your community on our latest blockchain products, application scenarios or services​;Build your own community based on Ontology and receive incentives with its growth​;Receive additional incentives from Ontology based on the influence of your community/organization​;Gain the growing rewards generated by your community node​.About the GCC rewards structure​Currently, we have 100,000,000 ONT​ in total in the basic funding pool. However, your reward can come from three aspects:💰Basic funding from Ontology​:The 100,000,000 ONT💰Rewards from your community members’ staking​:The more ONT staked into your node, the more rewards you will get. Each GCC can decide their own sharing ratios of the transaction fee received.​Additional rewards from the Ontology Foundation if your node becomes a top 49 node (refer to https://node.ont.io/ for the latest information):💰 Revenue sharing for every successfully turned business leads​Ontology encourages our community to make efforts in accelerating the process of applying blockchain technology to real business scenarios. Each GCC is entitled to share the revenue generated from those projects.​Please always keep in mind that your community members are given the chance to experience the latest blockchain applications in real life ahead of the rest of the world.​How to apply?Send your CV to gcc@ont.io, a short description of yourself and the reason why you apply will be welcome.Ontology official team will contact you after reviewing your information.We want you!Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInOntology GCC (Global Community Contributor) Program is Coming! was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

20. 02. 05

Ontology Roadmap: Aristotle...

We are what we repeatedly do. Excellence, then, is not an act, but a habit. —— AristotleRecently, Jun LI, Founder of Ontology, has shared the strategic plan on YouTube with global community. In the video, he mentioned about the 2020 roadmap and the upcoming technology breakthroughs, which attracted much attention from our community members.https://medium.com/media/d36bcb9ff16f3b1cad8bcc206267ce95/hrefAs we all know, Ontology is a high-performance public blockchain and distributed collaboration platform, has always spared no efforts to the construction of Chain Network and Trust Ecosystem.From the day Ontology founded, we shared our roadmap with our global community, and it is divided into three main sections: Socrates (2018), Plato (2019) and Aristotle (2020).Do you remember that? Let’s have a quick recap.In this article, we will focus on the Chain Network section.During Socrates 2018, the Homogeneous Chain Network was the main topic. In this connection, we had our MainNet released on June 30, 2018, providing Wasm and VBFT consensus, transaction parallel verification support, and the authority management. Later, we had the cross-chain POC, threshold signatures and parallel transaction execution released. Then it came with the Chain Network PoC, Sharding and Performance Tuning by the end of the year.In Plato 2019, Heterogeneous Chain Network was the key point. We brought up with the launch of Cross-chain TestNet and Sharding TestNet, which all ranked top worldwide.Now it is Aristotle 2020, a new chapter for us, we still keep moving forward and never stop. In this year, we will concentrate on several key features:Cross-chain: Include the Relayer Chain, will realize the cross-chain between BTC, ETH and ONT;VM: Include the Multi-VM and Wasm-JIT;Layer 2;Oracle;ONT ID 2.0 and DDXF 2.0;Anonymous Transaction;ONTFS (Ontology File Storage);On-chain voting.We will elaborate the above tech points one by one in the following months. Meanwhile, the documentation center and tools for our developers will also be enhanced, as well as the online courses we introduced before. Developers can feel free to make their hands dirty on the blockchain development.You can also find the version of 2018 & 2019 roadmap through the link below:Elaborating on the Ontology RoadmapsFeel free to put forward your problem and advice via contact@ont.io, or other channels listed in the bottom. We are looking forward to your feedback!About OntologyOntology is a high-performance public blockchain and distributed collaboration platform. Architected in Asia with global teams, Ontology’s unique infrastructure supports robust cross-chain collaboration, Layer 2 scalability and includes a suite of decentralized identity (DID) and data sharing protocols to enhance the speed, security, and trust that are fundamental to enhanced global cooperation among businesses. These characteristics are particularly important for future global collaboration with on-chain and off-chain scenarios.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInOntology Roadmap: Aristotle 2020 was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

20. 01. 23

Everything you need to know...

Everything you Need to Know about the Ontology Foundation new Bonus RulesAs announced on Ontology’s Telegram announcements channel and Twitter on January 7th, 2020, the Ontology Foundation bonus rules will be updated from this coming February. Bonus rules for December 2019 and January 2020 will remain unchanged.With this update, the nodes bonuses will be more balanced and nodes with better services and ratios shall receive more staking from users.The proposed new rules are:1) Based on the total effective ONT amounts, ONG bonus will be shared evenly amongst each staked ONT. 2) The bonus will be distributed to the top 49 nodes, and nodes will share the bonuses to their stakers according to the ratio they set.Other than this change, all the staking rules will be the same as before (For previous rules, please refer to OWallet Staking FAQ).What are the main reasons behind this change?This change is made on the basis of:the needs of the long-term community and ecosystem developmentthe needs of the fair competition of PoSIf we continue to adopt the old model, most users will choose consensus nodes or official nodes, which does no good for the long-term development of the community.Under the premise of guaranteeing the fairness of staking for users under the need model, the service charges, community capability, and service level are becoming more important.Users can easily switch to a node that has better services and ratios without reducing the bonus amount received.Besides, it is not very reasonable for nodes that rank around 36 to 49 which do not have many contributions to the ecosystem with a relatively small staking amount to receive the same amount as those nodes who contribute more in an active manner.What has remained unchanged:1. The existing consensus node model.2. 10 million ONG is distributed annually for three years to the top 49 nodes.3. The Foundation bonus will still be distributed to the top 49 nodes.4. The network fees will be rewarded to all consensus nodes (50%) and candidate nodes (50%). (Read more about the Economic Model Design of the Triones Consensus System.)What has been changed:The Foundation bonus will be shared evenly amongst each staked ONT instead evenly amongst all candidate nodes.Others things you need to know:The top 49 nodes will decide how much proportion of bonus they would like to share with their stakers. We are not able to control or manage nodes' behavior on setting up the ratio for the usual transaction bonuses sharing.In terms of the 37,500,000 ONT staked by the Ontology team in 2019, it will still receive the Foundation bonus but the received amount will be returned back to the bonus pool immediately. In other words, the staked 37,500,000 will not keep any of the Foundation Bonuses received, which will enlarge the remained bonus pool.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInEverything you need to know about the Ontology Foundation New Bonus Rules was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

20. 01. 21

Ontology DEX by Sesameseed ...

The Ontology DEX by Sesameseed (aka SEED Exchange) which enables on-chain trading of ONT, ONG and SEED is now available on the popular mobile wallet, ONTO.Guide to using the Ontology DEX by Sesameseed on ONTOTo learn how to use the Ontology DEX on ONTO follow the walkthrough below.Guide to using Ontology DEX on ONTOYou can also learn how to trade using the Ontology DEX on ONTO by watching the YouTube video below.https://medium.com/media/4e0c1e523268483f6020ee3730e30aee/hrefTo download the latest version of ONTO, please visit Google Play or the App Store.Note: It is strongly advised to read the detailed instructions on how to use the exchange before attempting any trades. These instructions, and answers to frequently asked questions can be found in the link at the bottom of the exchange website.To view the SEED tokens you buy and sell in your wallet, you will need to add the token hash in the OEP-4 token field as instructed in the video walkthrough.The SEED token hash is: 78b98deed62aa708eaf6de85843734ecdfb14c1b*Disclaimer: Due to the volatile nature of digital assets, Sesameseed strongly recommends proper due diligence by each participant before completing any transactions. Please read the complete legal disclaimer on the website.To learn more about Sesameseed visit our website. You may also connect with us on Telegram, Twitter, Reddit, Facebook, Instagram, LinkedIn, YouTube, and Medium.If you enjoyed this post, please hit that clap button. The more you clap, the more people will find it. Thank you.cc: The Ontology Team / Ontology Research InstituteOntology DEX by Sesameseed is Now on ONTO was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

20. 01. 20

Ontology: Staking 101

What is staking?Staking is the process of holding funds in a cryptocurrency wallet to support the operations of a blockchain network. Essentially, it consists of locking cryptocurrencies to receive rewards in return. Users lock digital assets in the form of ‘stake,’ delegate it to selected nodes that do all the upkeep work, and later get a share of the reward. It’s similar to a fixed deposit in the traditional banking system which rewards you with a defined interest at the end of the period, as stipulated in the contract.Ontology StakingOntology uses the VBFT consensus mechanism to secure its network. At any given time, there will be 7 nodes who have been voted in by the community to participate in consensus every block. Users vote for nodes by staking ONT tokens in multiples of 500 tokens per stake. Users are free to stake ONT in any node, change their stake, or withdraw their stake back.Staking is managed in terms of rounds, which are comprised of 60,000 blocks each (previously 120,000). Each block can range from 1 second to 30 seconds, which means each round can range from 16 hours to 20 days. When a user stakes their ONT with a node, they are actually locking their ONT in a smart contract for one round to secure their vote. Any time a user would like to add or remove stakes for a node, they can submit a request to carry out that action only in the following round.Read more below:ONT StakingWhy You Should StakeWhat are the benefits of staking?Besides securing the Ontology network, staking ONT for a node is rewarded with ONG tokens. For every block that a consensus node processes, it will earn a portion of the ONG paid per transaction. At the end of each staking round, the node will distribute earned ONG to users who staked with the node.node.ont.ioThe nodes can set an individual Fee Sharing Ratio, which is a percentage of the earned ONG to distribute to users. Currently, most of the nodes are contributing 80–100% of the rewards back to users who stake with them. The amount of ONG you receive from fee-sharing will be based on the amount of network traffic from transactions for each round.Staking RewardsThere are three types of rewards you can get through staking:Regular ONG generation. Hold ONT in an ONT compatible wallet or supported exchange and receive ONG tokens. Any ONT address with a nonzero ONT balance generates ONG, with or without staking. This ONG has to be claimed manually. There is around 6,696 ONG distributed total per month in this way.ONG network fees. Earn a share of the all fee payments, including network transactions, storage fees, smart contract fees, etc. This ONG also has to be redeemed/claimed manually from your contract.ONG Ontology Foundation Bonus. Stake ALL rounds for 1 calendar month and you will be eligible to receive an Ontology Foundation bonus. The bonus will be distributed directly into your wallet early the following month. This bonus is available for the first 3 years since the initial launch.Note: only the 7 nodes managed by Ontology currently distribute the Foundation bonus. The other node owners in the top 49 nodes can choose to distribute this bonus at their discretion. (in OWallet they are marked with an asterisk)Other nodes do not pay out a bonus from the Foundation but can provide other incentives. For example, the Sesameseed node pays out all rewards in SEED tokens and the MovieBloc node will soon pay out additional MBL tokens.The earnings are variable, and there are community projects that can help you to calculate the ONT-ONG generation rate, such as OntCalc. Keep in mind that actual results may differ. We have also outlined the yearly ONG unbinding schedule in our official Medium article here.Where will I receive the staking rewards?The ONG Foundation Bonus [C] will be sent directly to your wallet.The other 2 components [A] + [B] will be in the wallet Stake Authorization screen, which is the screen after selecting a node. You will need to click on “Redeem”.Read more information:Everything you need to know about ONGReturns of Ontology (ONT) Staking — Part 1 here, written by a community member, @liquidsteelHow to: StakeIn order to stake, you will likely need at least 500 ONT since each stake is in multiples of 500 ONT. However, with some nodes like Sesameseed, you can stake with as little as 1 ONT.ONT Staking wallets:ONTO mobile app staking guide hereOWallet Stake Authorization Guide, video and FAQO3 Wallet guideCyano Wallet staking guide for Sesameseed node that allows staking with as little as 1 ONT.Ledger Nano S/X cold wallet staking guide hereIf you can’t sign the transaction while stake authorization:Check that you’re not using a VPNCheck that you have at least 0.01 usable ONG in that wallet address (cannot be in unbound or claimable mode)Ensure that the app you are using is updated to its latest versionEnsure that you selected only 1 stake per 500 ONT, not 500 stakesStaking ONT on ExchangesYou can stake ONT by simply holding tokens in your exchange wallet on the following cryptocurrency exchanges:BinanceKucoinOKExBit-ZHold ONT tokens on these exchanges and start earning rewards right away.Is the staking reward better through a wallet or on an exchange?As mentioned above, the three rewards apply if you are staking with a node.Exchanges are more convenient but usually only pay out monthly, whereas on wallets you can claim your ONG more frequently.Which Node to ChooseThe returns depend on the node. Not all nodes are equal. In general, you’d want to choose the node that has a higher Fee Sharing Ratio and a lower current total stake (Progress). The size of a node’s reward depends on the number of stakes placed on it. The more stakes, the lower the reward because it is divided between all the participants. Keep note that the number of participants is constantly changing because users react quickly and switch between nodes. For example, if a staker joins node X, the total number of participants increases and the return per participant decreases, incentivizing participants to leave the node, thereby reducing the return to its original value. Since this pattern is cyclical, it is not a drastic concern when choosing a node.How to cancel staking and when will I get my stake back?Rewards are given at the end of each consensus round.If you cancel your stake, you will receive your reward at the end of the 2nd consensus round after you have canceled, you can track the progress of each consensus round here.If the stake authorization is canceled at any time in round 2, then ONT will be unlocked at the beginning of round 3 (for candidate nodes) or at the beginning of round 4 (for consensus nodes).Find up-to-date node participants list below:monitor.ont.ioexplorer.ont.io/nodes/listHow to: Become a ValidatorRead about Ontology Triones Node Incentive Model and requirements here.Read about Triones Node Application here.Useful ToolsThese are tools useful for staking Ontology:Telegram botONT Explorer pageAre you a developer? Make sure you have joined our tech community on Discord. Also, take a look at the Developer Center on our website, there you can find developer tools, documentation, and more.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInOntology: Staking 101 was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

20. 01. 10

Update: Ontology’s Klein Bo...

Klein Bottle ChallengeIn 1882, mathematician Felix Klein proposed a self-enclosed model with no clear boundaries called the Klein bottle. If the Klein bottle is likened to a real bottle, it is a bottle that will never be filled. The inside of the bottle is also its outside. Its surface is endless, like the universe.The purpose of the Klein Bottle Challenge is to encourage students who are interested in blockchain technology to apply their knowledge to practical applications. During the process, Ontology will provide full-scale support from finance to incubation to help you bring your ideas to life on our platform.Just like a Klein Bottle, we don’t set limits to what you can do but, instead, encourage your creativity. We welcome all kinds of projects and applications on Ontology network, regardless of type or complexity. To reward your contribution, we are offering a bounty of up to $20,000 ONG. Furthermore, you can join the program as an individual or as a team. Whether you’re new to blockchain or an experienced developer, we hope you can push the limit and accept the challenge.Below you can find out more details about the application stages of the challenge:Eligible participants: Attendees of Global University Workshop, Ontology online course students, a project team with at least one member participated at the above events.Stage 1: Submit your Business PlanBeginnersFor applicants who are just starting to become aware of entrepreneurship in blockchain, they are encouraged to engage in ideation by submitting a 1-page Business Idea of their dApp. Successful applicants will be awarded $500 ONG, we would also provide you with further consultation and development track so you can keep researching your area and move forward with its realization.- Submission period: no limits, once you have the idea- Evaluation period: 2 weeks after your submission- Reward: $500 ONGStarter packFor mature applicants with a strong entrepreneurial spirit, they are encouraged to submit a 5-Page Business plan (max 10 pages Appendix), Operational and Tech Architecture Plan where they will plan their dApp in great detail. Successful participants will receive a first stage grant and proceed to the next stage.- Submission period: no limits, once you have the idea- Evaluation period: 2 weeks after your submission- Reward: $3,000 ONGStage 2: Minimum Valuable ProductAt this stage, you will receive Ontology’s help to enhance your technical capability if you proceed to Stage 2. Keep working on your Blockchain Business Plan to make it a real dApp. You will be given full-tech incubation support from Ontology. By the end of stage 2, you are encouraged to have a ready MVP of your dApp. After passing Ontology’s mid-term evaluation in 3 months, you will proceed to the next stage with the funding amount of $ 5,000 USD ONG rewards.Result announcement: On the last Friday of every season, we will announce the qualified “Business Plan” on Twitter and our website ont.io. If you are willing to make your Business Plan into a real dApp, we will facilitate these teams to build up and launch it on Ontology TestNet.- Submission period: within 3 months after you passed Stage 1- Evaluation period: 2 weeks after your submission- Reward: $5,000 ONGStage 3: Launching on TestNet. Incubation LevelAt this stage, you will launch your dApp on TestNet, finalize product details, and start beta testing with focus group users. You will be offered an Ontology incubation trip to spend 2 weeks with our tech team as well as venture fund pitching opportunities. After full completion of your dApp and launching it on Ontology TestNet, you will proceed to the next stage with seed round funding and further support from Ontology until your project starts full operation on the MainNet. You will be offered $10,000 ONG rewards. You will also get the full incubation support with both technical & marketing support to gain more users.Requirements:- 80% of developing work done- Succeed to get dApp launched on Ontology TestNet- Pass Ontology’s final evaluation- Submission period: within 4 months after you passed Stage 2- Evaluation period:2 weeks after your submission- Reward: $10,000 ONGStage 4: MainNet LaunchOnce you finish full completion of your dApp and launch it on Ontology MainNet, you will be provided with Seed Round Funding and further support from Ontology for your daily operation, final product development, promotion plan, and even VC round investors.For Web App Developers:If you have experience developing Web Apps or have already built up Apps before. Don’t hesitate to join this challenge by skipping 3 stages. All you need to do is create a transformation! Our technical team will give timely & all-round support. With the help of Ontology’s incubation, once you gain 100+ users over 3 months, you will get $20,000 ONG rewards.Who should participate: Web App DevelopersRequirements:- At least one team member attended the Global University Workshop or passed all quiz of our online courses- Submit your Web App demo + the Plan to use blockchain technology on it- Pass the evaluation by Ontology- Your dApp is in a stable technical performance on Ontology TestNet- Gain at least 100 users in 3 monthsPlease note that this challenge is for long-term participation and an open time period for all candidates. We encourage you to manage your project according to your own situation. It’s more significant that you learn something by doing. If you need any support, we’d like to help.Evaluation Criteria for all ChallengesThere is no uniform standard for all candidates, such as the number of page views or daily active users. We will evaluate each project case by case due to different market segments, target audience, and technical framework, etc. The evaluation of all projects is conducted by Ontology Research Institute and will consider the following factors:Function: What’s the main function of your project? Document management, Identity, Transaction? Any project using ONT ID for Identity management will get a special pass to the next level of Challenge!Execution: How well was the project executed and explained? Beyond design, was the end-to-end user experience for the solution considered? The completer and more usable, the higher the mark your project will receive.Creativity: How original, creative or unique is the idea? We are expecting applications that perform exceptionally in the market based on Ontology’s blockchain framework. Please note that gambling projects are not eligible for this bounty program. Also, plagiarism is not accepted.Sustainability: How scalable is the solution? Is your business model sustainable? Does it have the potential to gain a market in the future? Does it have a healthy user lifecycle?Integration: How well is your project integrated with Ontology’s ecosystem? Please note that if you have attended the course, it may provide you with insight and inspiration regarding the application that you developed.Popularity: Does your project appeal to or have the potential to appeal to more fans? Are there active users every day/week/month?How to submit your project:Fill in the submission form here.What you need to know before you develop an application:To find out everything you need to know before you start, please check:1. Punica Suite — The Ontology Blockchain dApp development framework:2. SmartX — One-stop Ontology smart contract IDE:If you need TestNet ONT&ONG, please apply here.To catch up with the latest news, please subscribe to our Facebook page:Ontology Global University WorkshopIf you have further questions, please contact us via research@ont.ioFind Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInUpdate: Ontology’s Klein Bottle Challenge was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 12. 19

The Latest Version of Smart...

We are delighted to announce that the latest version of SmartX is now available. SmartX now fully supports Wasm contracts, which are now live on the Ontology MainNet. In order to further the cause of global developers, the latest version of SmartX now supports the deployment and call of Wasm contracts. For further information, read below.1. Generating and Testing ContractsBefore introducing how to deploy and invoke Wasm contracts with SmartX, let’s have a look at how to develop a simple testing contract using the Wasm contract template. For a detailed tutorial on developing Ontology Wasm contracts, please refer to:本体技术视点 | 想用Wasm开发dApp?你不得不读的入门教程(1)Step 1: Clone the contract templateStep 2: Modify the src/lib.rs fileNote: The above contract contains three methods:fn add(a: U128, b: U128) -> U128Return the sum of A and B;fn hello() -> StringReturn “hello world”;fn say(data: &str) -> StringReturn “say”.to_string() + data;Step 3: Compile and optimize contractsThe build.sh script encapsulates the function of compiling and optimizing contracts, which can be executed directly.The bytecode file generated by compilation is placed in the generated output folder. The directory structure is as follows:rust_wasm_contract_template.wasm is the Wasm bytecode file required for testing SmartX;rust_wasm_contract_template.wasm.strIs is the hex encoding of Wasm bytecode;rust_wasm_contract_template.wasm.wast is the Wasm contract in .wast format.2. Deploying ContractsFirstly, users have to log onto SmartX and then enter the Project List page. On this page, click the Open Wasm file button.Enter the name of Wasm smart contract and choose the rust_wasm_contract_template.wasm file generated above. Click the confirm button, which will lead to a project of Wasm contract, for better management in the future.After opening the newly created Wasm contract project, the bytecode of the Wasm contract was shown in the area of contract editing. The bytecode in this part can be replaced.Next step, it is time to deploy the Wasm contract. This step is no different to that of deploying a NeoVM contract. Fill the related information in the right deploy tool page, and click the deploy button, the Chrome plug-in wallet Cyano Wallet (which should be installed to the most updated version in advance) will be called, and users will be asked to fill in the wallet password. If there is enough ONG in Cyano Wallet, the Wasm contract will be deployed to Ontology network after a short period. You can click Apply ONG as shown on the below image to apply for ONG on TestNet.3. CallingAfter successful deployment, you will encounter the Run page of the contract. Here we can call the Wasm contract.We need to enter the name of the function to be called add, add the parameters required for the function, select the correct type for the parameter, and enter the parameter value. The add function requires two data types of u128. The u128 in the contract corresponds to the Long type in SmartX, so the parameter type should be Long. Then choose either pre-execute or run button. The result of the contract execution will be displayed in the log area on the lower left-hand side. You only need to click on pre-execution, because data on the chain will not yet be updated, and the printed result in log area is hex encoding, which is used to decode.Now that we have completed the deployment and invocation of Wasm contracts on SmartX, let’s dive into the call of hello and say functions. The hello function just returns the “hello world” string therefore no parameters need to be entered. Check the call screenshot as follows:The method of say results in adding the prefix ”say” to in-parameters and return. Parameters of type & STR are required. Type & STR parameters in the contract correspond to type string on SmartX. The call example is as follows:SummaryIn this article, we have used an example to briefly introduce the main process of deploying and invoking a Wasm contract on SmartX. Note the following points:Before use, the following preparation is required:You must open SmartX in the Chrome browser and install Ontology’s plug-in wallet: Cyano WalletWhen deploying and calling, you must first confirm whether the Ontology network connected in Cyano Wallet is updated (currently the test network is supported with main network support coming soon)When deploying and calling, ensure your ONG balance is adequate to cover the commission for deploying and calling contracts.Are you a developer? Make sure you have joined our tech community on Discord. Also, take a look at the Developer Center on our website, there you can find developer tools, documentation, and more.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInThe Latest Version of SmartX is Now Available! was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 12. 15

Everything You Need to Know...

It all starts with a little tree sapling. The sapling slowly grows a trunk, which then develops branches that eventually sprout leaves, and before you know it the whole thing turns into a big, lush green tree.Now in the digital world also exists a tree, which goes by the name of Merkle Tree. This tree is primarily composed of a root node, a group of middle nodes, and leaf nodes. The term root node denotes the singular final node of a Merkle tree. A tree could very well have a large number of leaf nodes, but leaf nodes cannot have further child nodes. What purpose does a Merkle tree serve? Let us find out.The BasicsA Merkle tree is a non-linear, binary, hash tree-like data structure. Each leaf node of the tree stores the hash value of a data element, while a middle node stores the hash of the hashes of it’s two corresponding child nodes. The main advantage of using a Merkle tree is that several important pieces of information can be verified regarding a particular data element or the data set as a whole without the need to have access to the full data set. For example, it is possible to verify whether a particular data element is a part of a given data set, or to prove that a data element is actually a part of a larger data set without having to store and parse the full data set. It is due to these practical applications that Merkle trees are commonly used in industries such as Blockchain that are fundamentally based on P2P networks that frequently involve scenarios where data is fetched from a source whose credibility is not guaranteed, and thus the data is fetched and verified simultaneously. Introducing Merkle trees to the equation can help prevent issues such as synchronizing a full data set only to realize it is not verifiable, thus saving a lot of time and bandwidth.In the case of blockchain platforms, generally speaking, users only need to synchronize data and transaction information that is related to their own accounts. If the user were to synchronize all of the data, efficiency would certainly take a hit. Thus, blockchains implement something known as the Simple Pay Verification (SPV) technique. Using this verification technique, users can build and verify Merkle proofs that only require a small portion of the data to be synchronized to carry out the necessary verification process. This directly results in lower storage and network bandwidth requirements for the end-user.With respect to the Ontology framework, Merkle proofs have various application scenarios. One of the significant applications is the generation of a block Merkle tree with the transactions of the block acting as the leaf nodes. These records serve as verifiable evidence that a transaction has taken place on the chain. This article primarily aims at describing how Ontology carries out certain optimizations when implementing Merkle trees.Merkle Tree Data Structure StorageMost blockchains implement Merkle trees for individual blocks with the transaction hashes acting as the leaf nodes. However, in the case of the Ontology blockchain, with growing block height the block Merkle tree is dynamically updated with the new block data, leading to a mechanism that is slightly more complicated than the traditional scheme. This gives rise to a natural issue: How do you store this Merkle tree? Let us take a look at three different answers to that question.Solution 1— Cache StorageThis solution involves caching the Merkle tree. But there are two shortcomings here. First, because caching would mean that the tree is stored in volatile memory, when the machine is turned off or restarted, the entire chain would need to be traversed in order to generate the complete Merkle tree, a relatively time-consuming process. Also, as the block height increases the tree would be updated. Thus, the memory requirement would also grow linearly, seriously affecting scalability. So we can safely say that caching is not an optimum long term solution.Solution 2— Key-Value Database StorageThis solution involves storing the Merkle tree in a K-V database (such as LevelDB). Due to the simplicity of a K-V pair relationship, it would be necessary to specially encode the key and value to represent a tree-like structure. Also, the retrieval operation for a particular node of the tree would require multiple read operations, thereby decreasing the overall efficiency of the process.Solution 3— File StorageSince the nodes of a Merkle tree are all hash values of a fixed length, if we were to map every hash value to an integer to form a 1–1 relationship, it would be possible to compress the entire tree into a one-dimensional integer array. The corresponding integer value could first be calculated and the node data can be stored at the corresponding indices. When accessing a particular node this integer value can be calculated and then used to directly access a node element’s data bypassing using it as the index. Storing this array in a file could solve the problem of the linear growth of the Merkle tree.There are many different ways to map the tree nodes to an integer, with the most direct and intuitive one being layer by layer serialization based on the depth of the tree. But there’s a problem with this method of serialization. Every time the size of the tree changes, the serial number of a particular node will also change. Thus, the entire data would have to be parsed, serialized, and stored all over again. This would greatly affect the efficiency of the system. Hence, the stability of the file storage solution relies greatly on finding an efficient serialization method.Merkle Tree Updation and Node Serialization SchemesApart from node serialization, using the file storage method presents other issues as well. As new blocks are constantly inserted and the block height continuously increases, the Merkle tree nodes are frequently updated, and thus the file also needs to be updated and constantly overwritten. This is another factor that would cause the efficiency to go down significantly.To further add to the complexity of this process, it requires a data consistency processing mechanism in place. Considering a hypothetical case that very well may occur, let’s say that the node elements are being updated and the process is about half complete, and suddenly a new block is generated. This would result in an inconsistency in the Merkle tree data file.If you closely observe the Merkle tree node insertion process, there are two types of nodes present in the Merkle tree: temporary nodes, whose node hash is susceptible to change as new nodes are inserted, and constant nodes that do not change with the insertion of new nodes. It is easy to demonstrate that the pre-condition required for a node to become a constant node is for it, along with its child nodes, to form a complete binary tree. Also, it is clear that the number of temporary nodes is very limited (just log(n)). The number of temporary nodes can be determined from the constant nodes, and after persisting in the memory, it will be changed as soon as new nodes are inserted.Therefore, in Ontology’s solution to the problem, only constant nodes are added to the file. Another interesting coincidence is that the sequence in which constant nodes are formed is a stable serialization sequence. Considering the above-stated facts, there is only one action performed on the file, and that is to append. And this solves the data inconsistency problem that would arise due to overwriting the file as well.Compact Representation of a Merkle TreeDue to the special property of constant nodes, it becomes evident that the child nodes of a constant node will make no contribution to the Merkle tree’s update process. Thus, those who are not going to deploy nodes that provide verification services and are only interested in calculating the latest Merkle root’s hash value can simply store the root nodes of log(n) number of complete Merkle trees. This is enough to represent the entire Merkle tree status, thereby reducing the number of nodes that need to be stored to log(n) which is a lot more convenient to store using one key in the LevelDB. Updating the Merkle tree would then require only one read and write operation. The data structure definition is as follows:Calculating Root Hash of a Merkle TreeIt is clear from the compact Merkle tree’s definition that in order to obtain the root hash of the Merkle tree the hashes array needs to be parsed from right to left successively. The algorithm is as follows:Herein, the hash_empty function returns empty hashes and the hash_children function returns the hash value of the parent node that the two child nodes’ hashes correspond to.Inserting New Leaf NodesWhen new leaf nodes are inserted, dynamic updation is carried out based on the current status of the Merkle tree. The algorithm used to add new leaf nodes is as follows:Schematic Diagram of the Data Changes with Respect to Merkle Tree GrowthThe changes that take place in the hash values and compact representation data in the storage file from the process of Merkle tree growth are illustrated here.The first figure is the Merkle tree’s single node status:When a new node b is inserted into the Merkle tree, it’s size increases by 1. The new node b can be paired with node a to compute the hash value c.When a new node d is inserted, since an already complete binary tree exists, the new node d is added individually for the time being. The tree size increases by 1.At this point, every time a new node is inserted into the tree, we can determine the positioning and hash values based on the algorithm discussed above.ConclusionMerkle tree has a wide range of applications across different scenarios. In the context of Ontology, one of the applications of Merkle tree is to record every new block in the form of leaf nodes and provide existential evidence for the transactions that take place on-chain and are a part of these blocks.For use cases where the purpose is not providing a verification service, Merkle trees can significantly improve the performance and storage capacity of consensus nodes. Ontology records and stores only the key nodes when implementing block Merkle trees. As a result of this methodology, we can update the Merkle tree using just one read and write operation on LevelDB. The time complexity is reduced to O(log(n)).Moreover, when providing a verification service, the solution provided by Ontology can greatly simplify the frequent storage file overwriting issue and help maintain data consistency by reducing the operation to just appending the file.So, do you see and appreciate the magic of Merkle trees now?Are you a developer? Make sure you have joined our tech community on Discord. Also, take a look at the Developer Center on our website, there you can find developer tools, documentation, and more.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInEverything You Need to Know About Merkle Trees was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 12. 06

Ontology Partners with INATBA

INATBA MembershipOntology are proud to announce that we have officially joined the International Association for Trusted Blockchain Applications (INATBA) as a member of their Identity working group. We look forward to sharing our knowledge, experience, technical expertise, and ideas on identity with INATBA.To give some background, INATBA was launched earlier this year in April 2019, with over 100 members in the digital ledger technology industry. Included are IBM, L’Oreal, Accenture, Siemens, SAP, and Fujitsu, as well as other leading blockchain projects, such as Ripple, Sovrin, Algorand, and Blockstate.“INATBA aims to bring together like-minded organizations and individuals that recognize the potential of Blockchain and Distributed Ledger Technologies (DLT) to transform multiple industry sectors and services globally and are invested in the development, use and management of DLT.”Launched by the EU as part of its Digital Single Market Initiatives, INATBA aims to establish a regulatory framework for use across the European Union in order to promote adoption, collaboration, and wide-spread use of blockchain.We are excited by this development as we look forward to working within the Identity working group. We hope to utilize ONT ID and our knowledge of decentralized identity protocols in order to contribute.About INATBAThe objective of the Association is to enhance trust and innovation in DLT through the promotion of guidelines and specifications for interoperable technologies and applications and the development of inclusive governance models that support efforts by both public and private actors to deploy Blockchain and other DLTs in specific sectors. The Association intends to achieve its objective in part by collaborating closely with governments, international organizations and other public authorities. In order to facilitate this cooperation, the Association is establishing a Governmental Advisory Body that serves as a voice for governments, regulators, international organizations and standard setting bodies. The Governmental Advisory Body’s key role is to provide advice to the Association on issues of public policy, in particular, in matters where a convergence of regulatory approaches is desirable and/or existing legal frameworks affect the deployment of Blockchain and DLT solutions.Find out more here:https://inatba.org/Ontology Partners with INATBA was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 12. 04

Ontology & Tech — Ning Hu T...

Ontology & Tech — Ning Hu Talks with BTC EchoAs you may have seen, Ontology’s Senior Architecture Expert, Ning HU, recently sat down for an interview with Sven Wagenknecht, Editor in Chief of BTC Echo, a leading crypto media platform in Europe. Conducted in German, the interview picks the brain of one of Ontology’s central figures, diving into a variety of topics from how the VBFT consensus model works to what the biggest challenges are in blockchain today.Take a look at the full interview below:1. Ontology began as a token sale on the NEO blockchain. Why was NEO preferred to Ethereum?There are three reasons we preferred NEO over Ethereum.The suitability of the business cooperation requestOntology uses NeoVM as our virtual machineNEO is in accordance with the concept of low expense rate2. You continue to work with NEOVM or Ethereum regarding Smart Contracts? Allows two types of Smart Contracts (native and NEOVM). What strengths do these two approaches cover?We adopted the design of a hybrid VM framework, the latest version of Ontology, v1.8.0, provides support for WasmVM, and now it supports Native, NeoVM, and Wasm.Ontology thinks every VM has its own design concept, and its stages of achievement can pair with different businesses while in development. Considering the cost of virtual machine usage, training for community contract developers, the complexity of the business, and the completeness of virtual machine development, we chose the hybrid framework.We also contributed with the Python compiler for NeoVM, along with the stable development of WasmVM JIT, which will increase the execution efficiency a dozen times over.3. Ontology relies on VBFT as a consensus model. What is the difference between this Consensus mechanism of (D)POS and normal BFT systems? How is VRF used here calculated?Professor Micali introduced VRF into the consensus mechanism so that the BFT consensus algorithm can apply to the network scale which the public chain needs. Ontology VBFT algorithm refers to this thought, as well as being combined with the Ontology governance model, through the incentive curve and PoS to show the distribution of nodes. We use VRF to select the consensus node in the current round and generate the block out using BFT quorum.Put simply, VBFT makes the network more distributed and achieve the BFT.For more information, please refer to:Ontology Launches VBFT, a Next-Generation Consensus Mechanism, Becoming one of the First VRF-Based…4. What distinguishes the Ontology Blockchain protocol from others such as NEO, EOS or Tezos?Ontology attaches great significance to the trust infrastructure. Therefore, we further develop based on the trust network and integrated the ONT ID and DDXF trusted identity framework, as well as provide trusted application development framework. Ontology also gives out the traditional Internet blockchain commercial scheme. For more information, please refer to our TRUST framework whitepaper.DocumentThe Ontology blockchain protocol is part of the commercial framework. Sharding solutions are provided to meet different network assumptions under the same governance model. The requirements of different governance models provide homogeneous multi-chain scenarios.Different multi-chains enable cross-chain assets to be truly practical in the Ontology business scenario.5. What do you think are the biggest challenges facing Blockchain protocols today?One of the biggest problems facing blockchain protocols is breaking into traditional industries and applying our solutions.6. Ontology would like to address several distributed goals at once: decentralized Identity, decentralized data exchange, decentralized procedural protocols are only three examples. Why does it make sense to create a platform? Other projects like Cosmos tend to focus on interoperability…Decentralized networks provide a trusted platform;Decentralized identities provide trusted users and user relationships;Decentralized data exchange provides trusted data authenticity and traceability capabilities for data processing. Data processing and management are the most essential foundations of information systems (especially Internet applications).Trusted applications based on trusted network infrastructure can provide comprehensive support for trusted ecosystems.Data interoperability is a sub-functional module of data processing and management, which is also supported by Ontology, and has a complete pricing model and the corresponding supported business.Furthermore, Ontology data interoperability scheme supports off-chain data interoperability across systems.7. Recently it was announced that the Ontology Testnet is now also sharding to has to offer. How does this Sharding differ from the approaches from the Ethereum ecosystem? When will the Sharding be ready for the Main Net?The governance model, economic model, and network assumptions of each chain determine the design of the chain consensus algorithm. The consensus algorithm determines the performance of the chain, which is often referred to as the “Impossible Triangle”.The essence of sharding is a solution to extend throughput on the network. The core of sharding is to comply with the scalability solution to the unified governance model. Each shard has certain functions including the collaborative scalability amongst different shards. It’s not about the speed of the shard, but about meeting the business performance requirements for each shard.As each shard has different functions, sharding is, therefore, suitable for different services. The design proposal of Ontology is to customize and optimize the sharding and cross-shard according to business requirements. Some business-specific technical modules can also be adapted to different shards, including Layer2, Oracle, TEE, etc., to form a framework for business solutions.Ontology is committed to creating a componentized, freely configurable, cross-chain supporting high performance, scalable blockchain infrastructure, which makes deploying and calling decentralized applications much easier.The Ontology Sharding supports the following features:Multi-layer sharding network structureSharding solution based on smart contractCross-shard message communication between smart contractsCross-shard atomic callSharding will be ready when there is a suitable business request.8. On the eve of September, the team announced TRUST Redefined. The aim of this project suits well to the goals already aimed for with Ontology (eg decentralized identity etc.). How does it differ/extend Ontology?We believe that ‘TRUST Redefined” covers three aspects.Technology-wise, Ontology has released sharding, cross-chain, DDXF (distributed data exchange framework) and other core technologies and has launched the TestNet for global developers.Product-wise, Ontology has released ONTO 2.0, its comprehensive wallet client, which integrates its decentralized identity framework ONT ID, dApps, and wallet all in one, thus achieving the strategic goal of “Ready for all Businesses.”Third, by integrating its technology into various business scenarios, Ontology is able to bring wide adoption of its technologies, which will further promote the decentralization of traditional industries. In Ontology’s open and trust ecosystem, with the Ontology communities covering 19 languages, our partners can receive technical, product and marketing support from us to jointly build a global trust ecosystem.9. Which projects, besides Sharding and TRUSTRedefined are you working on at the moment, where is your current focus on?Besides sharding and TRUST Redefined, we are working on the following:Finding and expanding real-world scenarios;Continuously enhancing the VM;Continuing to optimize the network infrastructure, meanwhile cooperating with bloXroute and other partners;Developing a commercial solution platform using ONT ID and DDXF.10. The topic of digital identities is closely linked to blockchain technology. You yourself have the so-called “ONT ID” framework. What is behind it? How is that supposed to work?In today’s world, users use the data generated by centralized services. Traditional Internet provides services at a free or low price in exchange for user data. The value of the data becomes a profit point for Internet applications. However, users do not control the usage of their data.ONT ID is an identity framework based on a decentralized identification protocol using blockchain and cryptographic technology, which is able to instantly identify and connect people, assets, things, and affairs. ONT ID helps users ensure the privacy and security of their data, giving users full control over their own identity and personal data.Compared to existing internet-based digital identity systems, ONT ID addresses a number of the pain points observed in traditional ID systems. For example, some of the pain points include lack of individual role, data oligopoly, fragmented sources of trust, and difficulty in achieving accuracy in identity verification, in identifying and managing IoT, in assessing reputation comprehensively, and in tracing content copyrights.ONT ID is an identity framework based on a decentralized identification protocol using blockchain and cryptographic technology, which is able to instantly identify and connect people, assets, things, and affairs. DDXF is the distributed data exchange framework. By using DDXF, you can apply the mapping to cross-system information interaction and delivery, thus using the tamper-proof and traceable blockchain technology to realize multi-system data interoperability.On an infrastructure level, the sharding framework enables the same governance models to meet various independent business requirements; the multi-chain solution enables assets on other blockchain platforms to be used in the Ontology ecosystem.ONT ID and DDXF constitute a complete industry solution by Ontology for tradition Internet services, including the distributed transformation of accounts system, the tracing, and authentication of information system data and further providing data interoperability cross system.11. Currently, we see an increasing Bitcoin dominance at the expense of the altcoins. Do you think that could change in the near future and that we could see an altcoin rally again? What would have to happen?We believe that ONT is more than just a coin. With our dual-token system of ONT and ONG, we are confident that our ecosystem can provide significant functional benefits to developers using our platform, much like with NEO and GAS. Recently, we completed our cross-chain project on BTC and ETH, making it more convenient to complete transactions and exchanges. We think the connection of multiple coins will positively contribute to the blockchain ecosystem in the future.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInOntology & Tech — Ning Hu Talks with BTC Echo was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 11. 29

Recap: San Francisco Blockc...

October 28th to November 3rd saw the second iteration of San Francisco Blockchain Week, otherwise referred to as SFBW. After a highly successful week of events in 2018, giants in the blockchain world gathered again for an action-packed agenda based in the high-tech city of San Francisco. With events such as the Crypto Economics Security Conference (CESC), Epicenter, and Blockchain Career Fair, the week of activities had something for everyone. Adding to the excitement, high-profile players from various industries all over the world spoke to the buzzing crowds, such as Vitalik Buterin, Founder of Ethereum, Don Tapscott, Co-founder and CEO of the Blockchain Research Institute, and Hester M. Pierce, representative of the U.S. Securities and Exchange Commission. It was an exciting time for Ontology, too, as a sponsor of the event.At the Ontology BoothWith Jesse LIU, Ontology’s Marketing Director, and Ning HU, Ontology’s Senior Architecture Expert, stationed at the Ontology booth, many attendees were able to speak directly to our core team and have all of their questions answered. From receiving basic questions like “What is Ontology?” and “What are you currently working on?” to more advanced queries like “What is TRUSTredefined?”, Jesse and Ning were able to confidently demonstrate Ontology’s technology and products to the interested onlookers.Blockchain Bash with Crypto BriefingWith industry experts from the likes of Crypto Briefing, Simetri, and Ontology, Blockchain Bash was an excellent time for all of those in attendance. The Ontology team in attendance reported high interest from those in the crowd; a good sign for Ontology’s venture into the U.S. market.Cross-Chain: From A to B Then BackAlong with our booth, Ontology also organized our “Cross-Chain: From A-to-B then Back” workshop in collaboration with SesameSeed, ETCLabs, bloXrouteLabs, and MouseBelt. The event was a huge success with plenty of productive discussions had.U.S.-China Blockchain Gaming Investment SummitDuring the summit, Jesse had the opportunity to address the crowd during his speech, detailing the latest in Ontology with particular focus on how we are progressing to allow developers from around the world to participate as part of the Ontology ecosystem.Live AMA with LINOLastly, Ning was invited to join Wilson Wei, LINO’s CEO, for a live AMA session on the DLive channel. During the session, Ning spoke in-depth about Ontology, giving insight into our latest developments and our goals for the future. To watch the session in full, click here.To find out more about events that we will be attending and hear more about what happened at the events we have previously attended:Follow us on TwitterLike our FacebookFind Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInRecap: San Francisco Blockchain Week was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 11. 27

Ontology Partners with Chai...

Ontology is proud to announce a new and exciting collaboration with our US ecosystem partners, Chainlink. With Chainlink being the world’s premier solution for building data-driven smart contracts with high end-to-end security, we are excited to further cooperate to improve the future of the Ontology network.The Oracle ProblemIn order to better understand the benefits of our collaboration, it is important to define the problem being solved. Enter the “oracle problem.”What is an oracle?Blockchains are self-contained ecosystems that can only perform computation on data already stored within it (on-chain). An oracle is a gateway to the external world (off-chain). An oracle allows off-chain data inputs to come into the smart contract and output data to be pushed out on to external systems. In this regard, oracles provide answers to questions a smart contract may have about external events, such as “Did the goods arrive on time to the retailer?” Oracles also allow smart contracts to use this information to trigger changes in the real world, such as triggering a payment on an existing payment system upon the arrival of goods.What is the problem?Think of a smart contract as a person surfing the Internet and an oracle as the Internet Service Provider (ISP). When a person browses online, the ISP enables them to seamlessly connect on the backend to all their favorite websites, but unfortunately, the ISP is also able to control what you see. This gives the ISP a huge amount of power over the user as it can effectively shape their thoughts and actions.An oracle works similarly; it enables a backend connection between two disparate systems but has control over the connection. Not only does the oracle control what the smart contract can see (input), but it controls how the smart contract responds to what it sees (output). Therefore, the oracle problem is centered around creating the same level of tamper-proof security for the off-chain connection that currently exists on the underlying blockchain. The reason being that a compromised oracle almost certainly means its connected smart contracts are equally compromised. As a result, a centralized oracle model can put the security of a smart contract in jeopardy because it negates the benefits of end-to-end decentralization.How does Ontology address it?By teaming up with Chainlink, Ontology will effectively address the oracle problem. Our partnership provides a new option to the Ontology ecosystem with regards to creating externally connected smart contracts, which has massive benefits for our ecosystem developers. With this collaboration in effect, we want to invite more developers to join us and make use of the great tools Chainlink provides.Chainlink’s SolutionChainlink is a decentralized oracle network that gives smart contracts secure and reliable access to data providers, web APIs, enterprise systems, cloud providers, IoT devices, payment systems, other blockchains and much more. It has the following features:A robust market of independent oracles providing a range of data and connectionsFlexibility to customize an oracle connection including the number of oracles, types and number of data sources, aggregation strategies, staking deposits, trusted execution environments, Mixicles, and moreA reputation framework for evaluating oracles based on on-chain metricsIt’s an all-in-one network for users to customize how their contract communicates with anything off-chain using varying levels of decentralization, data aggregation, and oracle selection.Most of its functions revolve around translation, transportation, quality control, and premium options. Translation involves using the Chainlink Core software and external adapters to make two different systems compatible for data exchange. Chainlink nodes engage in transportation by retrieving data for the smart contract and sending data out to other systems. The network leverages service agreements and pluggable aggregation strategies for quality control of data. Finally, optional features are available to developers that want to increase the functionality or security of an oracle, such as trusted execution environments that preserve privacy, confidentiality, and integrity of data.What’s NextWe’re excited about the vast amount of use cases that will now be available to developers in the Ontology ecosystem thanks to secure off-chain connection via Chainlink.Learn more about Chainlink by visiting the Chainlink website, Twitter or Telegram. If you’re a developer, visit the developer documentation or join the technical discussion on Discord.Are you a developer? Make sure you have joined our tech community on Discord. Also, take a look at the Developer Center on our website, there you can find developer tools, documentation, and more.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInOntology Partners with Chainlink to Bring Data-Driven Smart Contracts to Backend Business Models was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 11. 25

Recap: Global University Wo...

As you may have seen, Ontology’s Global University Workshop has been on the road since October. If you’ve been following the tour, you will know that we just finished up the North American leg of the tour, visiting 5 of the top universities in the U.S. We are happy to announce that each and every stop has been a huge success and that the future of blockchain is truly bright.What is GUW?Hosted in collaboration with multiple high-profile collaborations, our aims with the Global University Workshop are to help educate young talent about the world of blockchain in the hopes of attracting high-potential developers to the Ontology world. Through this, we hope to continue to develop our infrastructure and ecosystem as we continue to propel blockchain forward.Furthermore, we feel an obligation to share our knowledge and experience with the generation that will most benefit from the potential of blockchain.Klein Bottle ChallengeIn addition to all of the valuable knowledge and experience on offer throughout the Global Workshop, Ontology also hosts the Klein Bottle Challenge, with $20,000 in rewards available to each university. Whether you’re new to blockchain or an experienced developer, we want to help you bring your ideas to life on our platform. The purpose of the Klein Bottle Challenge is to encourage students who are interested in blockchain technology to apply their knowledge to practical applications. During the process, Ontology will provide full-scale support from finance to incubation to help you bring your ideas to life on our platform.Take a look below to see a short recap of each stop on our tour of North America:Stop 1: NorthwesternHeld at the Garage in Northwestern University, our stop at Northwestern saw Prof. Aleksandar Kuzmanovic, Professor of Computer Science at Northwestern University and founder of bloXrouteLabs, give an insightful opening speech to the excited crowd, before Ning HU and Edmond CONG, Ontology’s Senior Architecture Experts, and Jesse LIU, Ontology’s Marketing Director, dove into the topics of the Final Web, developing dApps, and more. Take a look at the action belowStop 2: University of ChicagoThe students in attendance at the oldest building on the campus of the University of Chicago, Ida Noyes Hall, were in for a treat during their stop of the Global University Workshop. With its quaint setting, students began to take their first steps into the world of blockchain under the guidance of Ning HU, Edmond CONG, and Jesse LIU.Stop 3: CornellWith a storied history, Cornell was a no-brainer when it came to choosing where to stop on the Global University Workshop tour. As you can see, our Cornell stop was well-received by the enthusiastic students in attendance. Take a look below to see students learning from Ning HU about the current situation of Web 1.0/2.0 vs. what Web 3.0 might be, as well as Edmond CONG introducing the 4 steps to developing dApps on Ontology.Stop 4: PrincetonNext up, our Global University Workshop visited Princeton University with our workshop located at the Princeton Entrepreneurial Hub. This time, we had an exciting appearance from Erick Pinos, Ontology’s US Ecosystem Development Lead. Alongside Ning HU, the workshop gave students a window into blockchain and provided all of the tools to get started as part of the Ontology community.Stop 5: HarvardAs the final stop on our tour, there was no better place for the Global University Workshop to visit than Harvard University. Held in the Harvard Kennedy School, the 5th stop on the North American leg saw the biggest crowds with a full-house, including Harvard students as well as other Boston-based developers. Ning HU explained a number of important topics, from decentralized knowledge to the 3 dimensions of trust. Take a look below to see the workshop in action!To conclude, we want to say a huge thank you to all of the universities and partners involved in helping us bring these workshops to life and all of the enthusiastic students and developers that helped make each workshop so special. We set off on this tour to help spread the principles of blockchain and we are happy to see this become a reality. For those of you around the world who have reached out to us regarding hosting workshops at your universities, we want to let you know that we are currently considering the next phase of stops, with a stop at Chung-Ang University in Seoul, South Korea, up next.For more updates on where we will be going next:Follow us on TwitterLike our Ontology Global University Workshop page on FacebookCheck out https://ont.io/global_uni_workshopFind Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInRecap: Global University Workshop in North America was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 11. 24

Blockchain 101: Cross-Chain...

In our first entry for the Blockchain 101 series, we went through some of the basics about cross-chain and asked members of our community to explain what cross-chain means to them. In today’s entry, we will dig further into cross-chain; this time choosing to discuss the main approaches to cross-chain communication.So let’s get started by introducing cross-chain mechanisms. There are 3 main cross-chain mechanisms that can be used: notary schemes, sidechains/relays, and hash-locking. With each scheme being complex, today we will focus solely on notary schemes.In his Chain Interoperability paper, Vitalik Buterin states:In a notary mechanism, a trusted entity or a set of entities that is trusted as a group is used in order to claim to chain X that a given event on chain Y took place, or that a particular claim about chain Y is true. Such entities may be active, listening, and automatically acting based on events in some chain. On the other hand, they may be reactive, issuing signed messages only when asked. The most advanced effort that has taken steps in this direction is the Interledger project developed by Ripple. Interledger, at least in what it describes as “atomic mode”, uses a Byzantine-fault-tolerant (BFT) consensus algorithm in order to achieve consensus among a set of notaries on whether or not a given event took place, and then issues a signature that can be used to finalize payments conditional on this consensus.As Vitalik concisely put it, in the notary mechanism, Chain X and Chain Y cannot interoperate directly with each other. Instead, they need a trusted third party to verify and forward the cross-chain message between the two.With this kind of cross-chain mechanism, the benefits are being simple to implement and flexibly able to support different types of blockchain systems, including homogeneous chains and heterogeneous chains (assuming the mechanism can access the information on that chain). However, the main downside to the notary mechanism is that the security of it is fully guaranteed by the trusted third party. As a result, the decentralized benefits of blockchain may be negated as risks related to centralization may occur.We hope this has helped you better understand one of the core mechanisms behind cross-chain. Stay tuned for our next installment where we will discuss another interesting cross-chain mechanism, sidechains/relays.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInBlockchain 101: Cross-Chain Mechanisms (Part 1) was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 11. 22

A Note on My San Francisco ...

I was hesitating about whether I should write this article as there is a chance it may offend some peers in this industry and, just to be clear, I sincerely hope it does not. But I decided to write this to clear my thoughts in order to better carry out our next phase of work.To preface, before this trip, I spent a long time preparing and had generally high expectations. My true goal was to lay the foundation for Ontology in the US. Our community members may notice that I have shared this thought many times in the community and have even gone so far as to set targets for this workshop tour.Image from onlineWhen I landed in San Francisco, the first message I got was from Silin Shang, co-founder of Huoxing Finance. He asked me a question:From your perspective, which public chain with a Chinese background has the best performance in terms of overseas community and ecosystem?To give background, Mr. Shang has always been a respected senior in the industry for me. He is a doer and has given me a lot of guidance and support. I replied, “At the moment, there isn’t an answer to that question.” My true meaning was that we might know after Ontology’s Global University Workshop tour in the United States has concluded. I gave this answer for two reasons: first, because you might say I have an excess of confidence in Ontology, and second, because, in my eyes, there isn’t a public chain with a so-called “Chinese background” that has fostered a bountiful community overseas. To clarify, I am not referring to any particular person or company, but simply analyzing the industry as a whole.The Summit I UnderstoodMany readers may not view the word “summit” the same way I do. To explain my view, each industry has its own form of a summit. There may be only one heavy-weight summit over the course of a year compared to a number of small-to-medium summits. Each summit has a clear objective and the organizers of the summit usually take the following aspects into consideration: elite gathering, resource integration, clashing of opinions, and cooperative promotion.After an industry is formed, there will be a number of summits. From a functional point of view, these summits can greatly expand the exposure of a particular industry. The people who participate in the summits are often early participants in the industry, such as project founders and industry pioneers. The people who initiate the summits and those who participate benefit most from it. They both share an initial goal which is relatively consistent. While promoting the industry to a wider audience, they promote their own ideas according to their own projects. Therefore, the quality of summits at the beginning stage of an industry is often very high, with many high-level participants. This could be observed in the Internet industry, traditional finance industry, travel and hotel industry, and blockchain industries.However, slowly we are finding that changes take place in summits as an industry grows. We see some conferences get discontinued after several sessions, whereas others grow larger, but generally the overall frequency decreases. There are many reasons for this, take the rapid development of media platforms and industry iterations as an example.In a similar way, some blockchain summits have also undergone some changes, and some have turned into events that, as the Chinese saying goes, “ have no apparent value but aren’t bad enough to be thrown away”. Often, the in-person situation is not the same as the situation posted on media platforms. As a general, a summit can be divided into several categories depending on whether they are organized by industry giants or leading media platforms and exchanges. You can usually guess the purpose of a summit by finding out who the organizer is.The Summit I SawLooking at the San Francisco summit: 80% of the participants were small-to-medium projects and 20% were oligarchic projects. In this case, the two sides had almost no chance to communicate and reach a consensus. Most of the speakers who participated were KOLs in a vertical industry or related industries and most of the content shared could be viewed as general discussion. Looking at it from the perspective of a smaller project, this does not help your project and it doesn’t really promote the industry. Furthermore, when a speaker finishes his or her speech, only a small amount of footage is left for reference. Now stepping into the shoes of the wider token-holding audience that may not be in attendance, this once again is not all that helpful.Another point to consider is the summit did not manage to catch much attention from the city itself. From the perspective of communication, the promotion and marketing of the summit could have been more effective. Speaking of this, I feel I should mention the Tron team. Through their advertising in the streets of San Francisco and the large food truck giving out free food to promote their project, they managed to boost the atmosphere of the summit.Image from onlineIt’s important to understand that the more popular and developed the venue of the summit is, the higher the costs of venue booking and catering will be. As a result, small-to-medium-sized projects have to invest huge sums of money as sponsorship fees to attend the summit. These fees may be taken from project development funds they exchanged by the issuance of digital currency. Imagine if they were to attend multiple summits each year; the amount of money that would be used to develop technology would be greatly reduced. If your project is not in the mainstream, it is likely you will face higher costs and more risks meaning the money put towards summits is all the more important. In my eyes, the costs of attending a summit are increasing while the benefits of participating are decreasing. This is because it’s getting harder and harder to join the conversation and create a dialogue with the core leaders of the industry. Without this, getting the right resources needed to join the industry mainstream is near impossible. Adding insult to injury, you will notice that 90% of the speakers and booth staff are not in a position to make decisions that might help your project anyway.As a result of spending huge sums to attend and sponsor summits, small-to-medium-sized projects put themselves in dangerous financial positions, meaning they become more dependent on the ebbs and flows of the market to survive. But what happens when the next summit rolls around? It may lead to a situation where smaller projects cannot upgrade their technology as efficiently, resulting in more scammy projects. The truth is: summits are a platform for big players to flex their muscles, not a platform for small and medium-sized projects to earn a seat at the table.How Should We Participate in a Summit?Many projects may think that not participating in a summit makes it more difficult to build a market for your product. Personally, I disagree with this view. Gaining market share comes from a project playing to its strengths and fighting for a piece of the pie, rather than simply by riding the wave.Image from onlineTake Ontology for example. While Ontology played a smaller role at the summit, we have been steadily developing our core technologies and core products, continuously providing tools that are easy-to-use and highly efficient for developers, with positive market performance in terms of its tokens. Because of this, participants came to our booth to get more information after they’d seen the latest news. Many community partners were attracted to the project, asking “What is Ontology?” and “What are you mainly working on?”. The key here is the Ontology team, including myself, were able to confidently demonstrate our technology and product, illustrating our vision, which I believe is the true value of participating in a summit.In addition, because of the sheer number of summits, some well-known KOLs don’t even have time to update their presentations for their speeches. Truthfully, the arguments in the panel can be handled by Ctrl+C and Ctrl+V. In saying all of this, the response of this event was generally positive with speakers from China receiving higher attention due to the recent news. The speech of Vitalik, which usually receives a lot of attention, seems to have avoided the public eye.Therefore, the summit can be a mixed bag but, at this point, it may not be good for the development of the industry to a certain degree.If we only judge the performance of the overseas user group and the ecosystem of public chains by the frequency of their participation in summits, I feel that we are bound to reach false conclusions.Lastly, projects with a Chinese background should have their own core values. They should not switch constantly between overseas and domestic markets. This tends to make your most loyal investors feel lost and insecure in their investment. What Ontology is doing and will be doing is deepening the development of our technology, enlarging and strengthening our ecosystem, and further seizing the global market. This is not only because we already have a solid foundation in the Chinese market and occupy a leading position but because we believe that we will continue to accumulate strength, and perform well, standing out from the crowd when the next global market peak arrives.Image from onlineTo give more background on my state of mind, I began writing this in the middle of the night in San Francisco but by the time I looked outside, the sun had risen. The feeling of this technology-leading city inspired me to speak to you.If you are reading this, I would like to say thank you for your time and support.Have any thoughts about what you read? Want to tell us something? Contact us at contact@ont.ioFind Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInA Note on My San Francisco Trip was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 11. 19

TechAMA Recap: A Guide to O...

If you follow us on Twitter, you may have seen that we recently held a very successful Twitter AMA with our Senior Architecture Experts, Edmond CONG and Ning HU, and received over a hundred questions from the community.Throughout the process, it became apparent to us that many of our community members shared similar questions about Ontology. As a result, we realized that these questions would make an excellent starting point for those new to Ontology. So, here we have prepared eight of the most common questions and their answers to introduce newcomers to Ontology.1. What is the design logic of Ontology?The core vision of Ontology is to create a “distributed trust collaboration platform” for all scenarios. During the two-year research and development period with one year of steady MainNet operation and continuous technology development, we have been able to establish a basic trust collaboration platform and achieve the first step of our vision: being ready for all businesses. We will continue to adhere to our business strategy, taking every step in a calculated manner using our technology to help us around every obstacle. We look forward to seeing more changes happen.2. Why does Ontology use a dual-token model?The purpose of node staking operation is to obtain stable and value-added returns, which is to lock in liquidity; however, the return requires sufficient liquidity so this is a contradiction. Node staking has the expectation of appreciation and business applications on the chain have the expectation of stable value so this is also a contradiction. In the face of two contradictions, the easiest strategy is to utilize the design of two tokens that have a certain link to each other. This is similar to how we have BTC, ETH, and USDT on the market. As a complete ecosystem, you must have both and Ontology has provided them as the underlying support.By the decoupling of the token (ONT) and the gas (ONG), Ontology alleviates the violent fluctuations of the original asset’s value to the friction fee. Forming a high circulation rate of ONG through the large blockchain applications can, on the one hand, motivate higher ONT staking, and on the other hand, gives ONG a stable increase in value by setting the unbinding curve for ONG. As the ONG’s increase in value is stabilized, the consensus node can independently lower the gas fees to ensure the stability of the gas cost in practice.Ontology uses the VBFT consensus algorithm, which can be considered a PoS algorithm. Therefore, in the Ontology system, the three types of tokens, including a governance token, a security token, and a utility token, are all necessary. Ontology adopts ONT as the governance token and ONG as the utility token. Through this, Ontology is able to integrate stable digital currency and has launched the stable coin, PAX, on its blockchain.The Ontology dual-token design uses ONT for staking and ONG as gas. In the Ontology infrastructure design, ONT is used as the staking tool, and the time cost of staking and the operating costs of the nodes are considered to be inputs and ONG is distributed as revenues. ONG is the utility token used as a value anchoring tool for on-chain applications.Find out more about our dual-token model below.A Breakdown of The Ontology Dual-Token Model3. Why does Ontology provide cross-chain?In the design of blockchain, the governance model is the most basic requirement. Each chain can only apply one governance model and different governance requirements will form different chains. The application on the blockchain focuses on the business itself, which is not sensitive to the governance model. The same businesses or services can be uniformly provided in different governance models. Therefore, even blockchains with the same technical architecture need to support cross-chain protocols, which is cross-chain for homogeneous chains.Cross-chain technology is the key to realizing cross-chain collaboration and the Internet of value. Simply put, cross-chain technology is a protocol that allows two blockchains to communicate with each other.Based on the governance model, the public chain needs to consider the design of the economic model, which is token economics. Different chains have different crypto assets and demand for asset exchange and cryptocurrency use. This is the design of cross-chain for heterogeneous chains.There are already some cross-chain projects on the market, such as Cosmos, Polka, etc. Corresponding to cross-chain itself, as a business, there is cost. In order to cover this cost, it has its own fee-charging model design. However, cross-chain, as an independent project requires the design of economic models. Therefore, in the actual cross-chain transaction, the calculation of complex crypto asset value conversion is involved. These cross-chain projects are not focused on service landing but on the exchange of different assets. So it is necessary to find more business scenarios.To improve the interoperability between blockchains and their value exchange, Ontology has proposed a lightweight, low-coupling, safe, and reliable multichain system and cross-chain solution. The solution uses the Ontology blockchain as the main chain, and supports both homogeneous side-chains and heterogeneous side-chains, and allows interaction between the main chain and side-chains, and also between side-chains. When blockchains of different structures need to interact, dApps can realize this by invoking the cross-chain management contract.Find out more about cross-chain below.A Short Introduction to Ontology’s Multichain Design4. Why does Ontology provide sharding?The governance model, economic model, and network assumptions of each chain determine the design of the chain consensus algorithm. The consensus algorithm determines the performance of the chain, which is often referred to as the “Impossible Triangle”.The essence of sharding is a solution to extend throughput on the network. The core of sharding is to comply with the scalability solution to the unified governance model. Each shard has certain functions including the collaborative scalability amongst different shards. It’s not about the speed of the shard, but about meeting the business performance requirements for each shard.As each shard has different functions, sharding is, therefore, suitable for different services. The design proposal of Ontology is to customize and optimize the sharding and cross-shard according to business requirements. Some business-specific technical modules can also be adapted to different shards, including Layer2, Oracle, TEE, etc., to form a framework for business solutions.Ontology is committed to creating a componentized, freely configurable, cross-chain supporting high performance, scalable blockchain infrastructure, which makes deploying and calling decentralized applications much easier.The Ontology Sharding supports the following features:Multi-layer sharding network structureSharding solution based on smart contractCross-shard message communication between smart contractsCross-shard atomic callFind out more about sharding below.Ontology Sharding TestNet Released5. Why does Ontology use NEO VM and Wasm VM?Different virtual machines serve different business scenarios. You can use NEO VM for light-weight asset transactions and Wasm VM for more complicated business scenarios. With the support of Wasm VM, Ontology can easily expand its business scenarios in the future.The Ontology Wasm Virtual Machine runs in a sandboxed environment and uses the open-sourced Wagon project as the interpretation engine for Wasm. Based on Wagon, the Ontology Wasm blocks the types and methods related to floating-point numbers and added fee calculation.Ontology Wasm advantages include:C++ standard supportRust supportLibrary supportMulti-language supportFind out more about Ontology Wasm below.What can Ontology Wasm do for developers?6. Why did you choose to name the company Ontology?There are two main reasons:Philosophically, Ontology is the philosophical study of being, a metaphysical branch which studies the truth of the world in ideals;Sir Tim Berners-Lee proposes the concept of the Semantic Web, using a technique called Ontology that provides a complete protocol and framework for the discovery and use of potential knowledge.Blockchain technology is suitable for high-value businesses, such as finance. Information is also another asset and has more application scenarios, which requires a large amount of technology to support it. Therefore, we chose Ontology because it’s equally about utilizing existing technology and innovating new ways to move forward.7. Why does Ontology consider ONT ID its main feature?The basic benefits provided by blockchain are traceability and immutability, while the corresponding cost is a high operating cost. Blockchain projects aim to solve more business scenarios with blockchain technology.Users use the data generated by centralized services. Traditional Internet provides services at a free or low price in exchange for user data. The value of the data becomes a profit point for Internet applications. However, users do not control the usage of their data.What ONT ID provides is a self-sovereign identity framework, supporting data ownership authentication and tracing. ONT ID helps users ensure the privacy and security of their data, giving users full control over their own identity and personal data and returning the profits of data back to those who own it, users.Compared to existing internet-based digital identity systems, ONT ID addresses a number of the pain points observed in traditional ID systems. For example, some of the pain points include lack of individual role, data oligopoly, fragmented sources of trust, and difficulty in achieving accuracy in identity verification, in identifying and managing IoT, in assessing reputation comprehensively, and in tracing content copyrights.ONT ID is an identity framework based on a decentralized identification protocol using blockchain and cryptographic technology, which is able to instantly identify and connect people, assets, things, and affairs. DDXF is the distributed data exchange framework. By using DDXF, you can apply the mapping to cross-system information interaction and delivery, thus using the tamper-proof and traceable blockchain technology to realize multi-system data interoperability.On an infrastructure level, the sharding framework enables the same governance models to meet various independent business requirements; the multi-chain solution enables assets on other blockchain platforms to be used in the Ontology ecosystem.ONT ID and DDXF constitute a complete industry solution by Ontology for tradition Internet services, including the distributed transformation of accounts system, the tracing, and authentication of information system data and further providing data interoperability cross system.8. What is the next phase of Ontology?Like other blockchain platforms, we will continue to explore more blockchain scenarios, provide more important functions, and continue to be an open platform.Ontology is aimed at the smooth blockchain transformation of business applications. It can be very challenging to explore if real businesses are suitable for blockchain transformation. In addition to the financial sector, Ontology is in contact with many traditional businesses, analyzing their pain points and providing solutions for them. As we all know, this takes some time. We hope that in 2020, with the support of Ontology technology, there will be more distributed business applications in 5 to 10 different industries and with various partners.Furthermore, we are also working on enabling user-controlled data to be used in interconnected business scenarios, forming high-value knowledge use.So there you go! Those are 8 questions and their answers directly from our Senior Architecture Experts, Edmond CONG and Ning HU. We hope you all enjoyed our TechAMA and we want to say a big thank you to all those who participated. Adding to that, we hope that this opportunity has allowed us to clear up some of your biggest questions about Ontology.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInTechAMA Recap: A Guide to Ontology was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 11. 08

You can buy groceries on On...

Ontology is pleased to announce its partnership with Blocery, a high-end agricultural products/grocery pre-purchase e-commerce platform. Blocery will develop ecosystem applications using Ontology’s infrastructure and be part of Ontology’s ecosystem as De-Fi solutions. Blocery taps into the real needs of end-consumers with the vision of blockchain to change the daily life first than to change the world.Blocery is a dApp project specifically catering to the needs of people in daily (tangible) lives upon the grocery value chain. SCF solution unlocks the cash to vendors by opening the crowdfunding solutions to investor users. E-commerce solution, at the same time, markets to users in the form of “pre-purchase” where primary producers and buyers can make a transaction even before the harvest of goods with smart contracts.The project comes from the 20-year-long business entity, Ezfarm in South Korea. The company has been actively engaged in Ag-tech business nationwide. Its deep connection with the biggest central market in South Korea, Garak market, will be leveraged right the initial moment of the service to solve the working capital problem of vendors. With its apparent business model, Blocery aims to build herself the long-run blockchain service.About the cooperation, Andy JI, Co-Founder of Ontology, remarked:“Blocery is an interesting case that has survived the winter of the blockchain industry with its strong agricultural background within its local market. Its supply chain finance business model would thrive in the DeFi ecosystem of Ontology.”Blocery is launching a beta version of the service by the end of this year. And the service will fully migrate to Ontology by the first quarter of the year 2020.About OntologyOntology is a high-performance public blockchain and distributed trust collaboration platform. As the blockchain infrastructure with multi-chain and multi-system integration, Ontology provides multi-layer, sharding, and multi-VM public blockchain services, and is able to readily customize easy-to-use blockchains that protect privacy through component technology and achieves secure and efficient cross-chain communication using a set of protocols.As the infrastructure and connector for the Ontology trust ecosystem, Ontology creates a collaboration platform combining multi-dimensional trust and integrated applications through DID (decentralized identity), decentralized data exchange, decentralized reputation, and many other components and protocols for trust collaboration. As a result, Ontology is able to provide effective collaboration between trust sources, secure connectivity of data sources, and other distributed applications, thus creating a systemized, proceduralized, and integrated trust ecosystem.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInYou can buy groceries on Ontology soon with Blocery was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 11. 07

Ontology Global University ...

The U.S. leg of Ontology’s Global University Workshop tour has begun! After a very successful stop working with Decipher, Korea’s leading blockchain alliance, in Seoul, South Korea at Seoul National University, we are excited to see our information-packed workshop visit a number of the top universities in the world, such as Harvard University, Princeton University, Cornell University, the University of Chicago, Northwestern University and more.Haven’t registered? REGISTER for the workshop now!Check out our U.S. timeline below:What is GUW?Hosted by Ontology in collaboration with multiple high-profile collaborations. Our aims with this program are to help educate young talent about the magic of blockchain with hopes to attract high-potential developers to the Ontology world. In doing this, we hope to help develop our infrastructure and ecosystem as we continue to propel blockchain forward. Furthermore, we feel an obligation to share our knowledge and experience with the generation that will most benefit from the potential of blockchain.To find out more or get prepared for the workshop:Click here to join our online courseVisit our GUW Facebook pageJoin our community group on FacebookWhy attend GUW?As you may have seen in previous articles, our workshop curriculum is packed full of interesting and useful expertise that will leave attendees with more insight into the inner workings of Ontology, and blockchain itself. But that’s not all. We wanted to go above and beyond the norm, so we have created the Klein Bottle Challenge to encourage young entrepreneurial developers to collaborate with us and the Global Talent Program to invite both budding and established developers to interact with our ecosystem.What will you learn?#1 Introduction to BlockchainWhat is the blockchain? How can it change the landscape of traditional industries? What are some business opportunities available to dApp developers?#2 Application of BlockchainHow can blockchain be practically applied to business? What does the process of creating on the blockchain look like? What is the best way to structure your dApp?#3 Introduction to OntologyWhat is Ontology? Who are we? How does our ecosystem function? How can we work together?#4 Advanced: MultiVM for Smart ContractsHow can we use virtual machines to improve the development of smart contracts? What are your options for blockchain smart contract development?#5 Advanced: ONT ID + DDXFWhich programming languages are available to you for development? How can we develop smart contracts and dApps on the Ontology SDK?#6 The Future of BlockchainWhat is cross-chain? What is sharding? What is the future of blockchain technology?What will you receive?In addition to the information and insight you will pick up from our experts, you will also receive:A Global Community Developer certificate issued by OntologyA limited-edition Global University Workshop t-shirtA set of Ontology stickersWant to win a competition?The Klein Bottle ChallengeThe purpose of the Klein Bottle Challenge is to encourage students who are interested in blockchain technology to apply their knowledge to practical applications. During the process, Ontology will provide full-scale support from finance to incubation to help you bring your ideas to life on our platform.Nova RewardsUp to $20,000 worth of ONG as a reward if your project qualifies to go live on Ontology MainNet. You will also get the chance to win Comet Rewards and Satellite Rewards to closely collaborate with Ontology to help you enhance your technical capability and marketing resources.Requirements:1. At least one team member attended the Global University Workshop2. Submit your project within 3 weeks of the workshop you attended*Note: the individual timeline for universities will be announced at each workshopComet RewardsIncubation Support: projects with good market performance will enjoy full-scale incubation support from Ontology. We’d like to provide long-term support, including technical support as well as marketing and global community support, to help teams with a desire to contribute to blockchain development.Requirements:1. Your project shows stable technical performance on Ontology MainNet2. Your project gains a strong following of active usersSatellite RewardsIncubation Support + Additional Investment: projects with outstanding market performance will be offered investment from Ontology. You will be a core part of the Ontology ecosystem.Requirements:1. Your project shows stable technical performance on Ontology MainNet2. Your project gains a strong following of active users for a period of more than two consecutive monthsTo learn more about:technical guides: Punica Tutorials, SmartX Overview, Developer Centerproject evaluationsubmitting your application, click hereFind Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInOntology Global University Workshop Kicking off in the US Soon was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 11. 06

Global University Workshop ...

October 19th marked the first stop on Ontology’s Global University Workshop tour, starting in Seoul, South Korea, at Seoul National University. With 81 stops at universities around the world, from institutions in South Korea and Russia to the U.S., the tour is the biggest of its kind in the blockchain industry. We are delighted to announce that our first stop attracted over 50 of the best young developers South Korea has to offer.What is GUW?Hosted by Ontology in collaboration with multiple high-profile collaborations, such as Decipher, the leading blockchain university alliance in South Korea, Ontology’s Global University Workshop program is an educational tour aimed at the next generation of talent. Our aims with this program are to help educate young talent about the magic of blockchain with hopes to attract high-potential developers to the Ontology world. In doing this, we hope to help develop our infrastructure and ecosystem as we continue to propel blockchain forward. Furthermore, we feel an obligation to share our knowledge and experience with the generation that will most benefit from the potential of blockchain.Why attend GUW?As you may have seen in previous articles, our workshop curriculum is packed full of interesting and useful expertise that will leave attendees with more insight into the inner workings of Ontology, and blockchain itself. But that’s not all. We wanted to go above and beyond the norm, so we have created the Klein Bottle Challenge to encourage young entrepreneurial developers to collaborate with us and the Global Talent Program to invite both budding and established developers to interact with our ecosystem.Stop 1: Seoul National UniversityAs previously mentioned, some of Ontology’s brightest talents were in attendance at the first stop, such as Ontology’s Senior Architecture Experts, Ning HU and Edmond Cong, as well as our Marketing Director, Jesse LIU.As promised, Ning HU delivered a rousing lecture regarding the development of the internet, stating that, while the Internet has brought great convenience to our lives, it has also been accompanied by many problems. A significant issue stems from the increasing dependence on major Internet companies to store and protect our data. Quoting Tim Berners-Lee’s vision, Ning HU described the next phase of the Internet where we see a decentralized network, much like Ontology’s vision. He went on to add that Ontology is in the process of establishing a decentralized trust network whereby users are in full control of their identity and data. With complete control, users will be able to exchange data safely and even treat their data as an asset. We call this the theory of TRUST Redefined.The workshop also saw Edmond CONG highlight the ins and outs of building a decentralized app (dApp) on the Ontology platform using various tools, such as SmartX, Punica, and Cynao Wallet. As you can see, students showed great interest in the topic and fielded excellent questions.At times, those in attendance couldn’t wait to begin experiment with code as they began to build their foundation block.Due to the action-packed discussions, many students stayed behind to engage in thoughtful conversations with Edmond and Ning.As you may have heard, all of those in attendance who successfully completed the workshop received a certificate for their efforts. Furthermore, their names and IDs will be eternally recorded on a block within our infrastructure, meaning they remain a piece of our community forever.As the workshop moved on, Ontology’s Marketing Director, Jesse Liu, dove into the topic of the Klein Bottle Challenge and our Global Talent Program. With the full attention of all attendees, Jesse explained the various ways in which students can contribute to Ontology, from working with us as a Global Community Developer to engage our stakeholders worldwide or a Translator to our 20-language community.It’s an exciting time for us at Ontology. The coming weeks will see our Global University Workshop tour sweep across North America as we continue to educate and engage with enthusiastic young developers around the world. If you were not able to make it for any reason, remember that we also have a comprehensive online course for you to complete here.Look out for more updates about our latest stops here!Global University Workshop at Seoul National University was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 11. 06

Ontology: Our Vision Remains

As I wrote this article, I was able to observe a lot of people, myself included, showing excitement about the latest developments in the market.While seemingly everyone was reposting the news of Xi Jinping’s vocal support of blockchain on their WeChat moments (think: Instagram story), the team at Ontology engaged in something slightly different. Li Jun, Ontology’s founder, rallied us together with two words: synchronized vision.If you’ve ever been in attendance at one of Li Jun’s lectures, you will know that he emphasizes the fact that Ontology’s mission has and will not change. In fact, just taking a look at our roadmap and whitepapers will show you that our vision has not changed since they were written 3 years ago.What is Ontology’s vision?Our vision is one where trust collaboration is supported in all business scenarios.What is Ontology’s mission?Our mission is to build an open, distributed trust collaboration infrastructure and a industry-leading product range, enabling the trust mechanism in all types of collaboration.Based on our vision and mission above, I believe the term “Ontology: More Trust” to be a succinct new slogan.In the beginning, Li Jun set a code of conduct for us to adhere to. That code of conduct said:- Only develop useful products and functions- Never put product development ahead of our users’ interests- Never use fraudulent techniques to attract users- Always pursue better design and improve user experienceThese principles have continued to be at the forefront of our team philosophy since. In our daily work, they remain our compass.Along with the code of conduct, Li Jun made it abundantly clear that the stability and continuous innovation of our underlying technology is our foundation. Furthermore, he reinforced the direction of our focus towards optimizing multi-regional multi-user product functions and providing better customer service, with emphasis on user experience and feedback. Our first step is to apply our technology to more business scenarios before optimizing the scenarios to their most effective.With all that being said, after the news of the past few days, I hope your faith in Ontology has been bolstered. In the future, I hope to be more vocal in communicating with our community, as you may have noticed with my most recent articles. Ontology wants to show you that we remain true to our original promises but that we will continue to tackle challenges head-on.In recent times, we have demonstrated our technical capabilities with our ventures into the Korean and Japanese markets. Hopefully, with upcoming events and workshops in the U.S., we will also be able to show the American market why Ontology is the right choice.We welcome all developers, investors, and other blockchain enthusiasts to join us in what is going to be an exciting future.To quote Julius Caesar:Ontology will come, we will see, we will conquer!Have any thoughts about what you read? Want to tell us something? Contact us at contact@ont.ioFind Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInOntology: Our Vision Remains was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 11. 04

Sesameseed Creates the Firs...

Ontology DEX by Sesameseed, SEED Exchange.Introductory EventSesameseed is proud to announce the beta launch of the first community-powered decentralized exchange on the Ontology blockchain. During the introductory beta event, the SEED Exchange will be free of trading fees. (Ontology network fee will still apply.) The exchange is self-regulating and governed by the Ontology blockchain.Own your keys, own your crypto.Using decentralized exchanges promotes a healthy ecosystem through direct participation with the blockchain. There is no need to send tokens to a centralized exchange, pay high transaction or withdrawal fees to convert tokens through an intermediary, or lose control of ownership of assets to be traded. Transactions using the instant liquidity SEED Exchange / Ontology DEX are on-chain and the funds are directly deposited into your address. A Cyano Wallet is required for trading.Direct Pairings AvailableThe exchange will launch with pairings of ONG/SEED, and ONT/SEED, with more pairs including ONT/ONG available in the near future, to empower token holders on the Ontology network. Everyone is invited to interact with the exchange and encouraged to provide valuable feedback for it as well.Low FeesThe SEED Exchange will have two fees for each trade. The total of all fees should still be lower than trading with most centralized exchanges.Comparison of Trading ONG for ONT via Binance or SEED Exchange.The SEED Exchange has two fees. The first is the Ontology network fee. All on-chain transactions on the Ontology network use ONG to conduct a transaction. This network fee is determined by the Ontology network and is what triggers the on-chain smart contract that governs this exchange. The user must have enough ONG in their Cyano Wallet to cover this fee or the trade will not execute. The network fee is approximately .02 ONG, but it can range between .01 ONG and .03 ONG.The second is the trading fee. This fee can change and the current fee will be displayed on the exchange page above the “Buy” or “Sell” button. During the introductory period, this fee will be set to 0%.Since becoming a node operator on Ontology, Sesameseed has lead the way in development on the Ontology Network. Sesameseed introduced its multi-chain rewards token SEED, their multi-chain social media tipping bot Seedit, and enabled daily staking rewards on the Ontology network for staking with any amount of ONT. Staking with as little as 1 ONT is available via the Sesameseed voting management Dapp in Owallet v.0.9.15 or higher or using the Chrome plugin Cyano Wallet.This project is available to be publicly viewed on Sesameseed’s Github .Try it now at https://exchange.sesameseed.orgFor more information or to provide feedback, please visit Sesameseed on Telegram.Note: It is strongly advised to read the detailed instructions on how to use the exchange before attempting any trades. These instructions, and answers to frequently asked questions can be found in the link at the bottom of the exchange website.To view the SEED tokens you buy and sell in your wallet, you will need to add the token hash in the OEP-4 token field. The SEED token hash is: 78b98deed62aa708eaf6de85843734ecdfb14c1b.*Disclaimer: Due to the volatile nature of digital assets, Sesameseed strongly recommends proper due diligence by each participant before completing any transactions. Please read the complete legal disclaimer on the website.To learn more about Sesameseed visit our website and join our Telegram. You may also connect with us on Twitter, Reddit, Facebook, Instagram, LinkedIn, YouTube, and Medium.If you enjoyed this post, please hit that clap button. The more you clap, the more people will find it. Thank you.cc: The Ontology Team / Ontology Research InstituteSesameseed Creates the First Exchange on the Ontology Network was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 11. 02

35,000 ONT Staked! MovieBlo...

350,000 ONT Staked! MovieBloc Becomes Ontology’s Latest NodeToday, MovieBloc, a project which has been supported by Ontology’s incubation program, has been announced as Ontology’s latest node.Currently, MovieBloc has already staked 350,000 ONT, including initial staking of 100,000 ONT and 250,000 ONT open for public staking, we hope that this new announcement will further deepen our partnership.In order to encourage users, the MovieBloc node will support users to achieve 100% node staking yield after a short period of approximately two weeks. In the future, users will also be able to log into MovieBloc through the ONT ID protocol, allowing them to share and co-build the film and television ecosystem.For those that are unfamiliar, MovieBloc is a blockchain-based film distribution platform from Korea. The Creators will get a transparent revenue share, audience data, and equal screening opportunity; the viewers will access various films & contents and get rewarded for providing curation, foreign subtitles, and marketing material to the MovieBloc ecosystem.To give more details about our relationship, back in March, we officially announced our partnership with MovieBloc. This partnership showed a lot of promise for the future, with the MovieBloc platform powered by Ontology’s technology. Furthermore, our partnership aimed to help with the decentralized development of KMPlayer, a video playback platform with 812 million users and 500 million plays in over 150 countries worldwide, Pandora TV, the first video sharing website in the world to attach advertisement to user-submitted video clips and to provide unlimited storage space for users to upload, and Prism Exchange, the largest video advertising marketplace platform in Korea. So far, this partnership has seen Ontology’s active users grow and our global market share rise.Now, as MovieBloc has become a new node on Ontology, it will continue to attract large user groups for us. And this is an important driving force to promote the ecological prosperity of Ontology!To learn more about MovieBloc, take a look at http://moviebloc.io/Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedIn35,000 ONT Staked! MovieBloc Becomes Ontology’s Latest Node was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 11. 01

Ontology v1.8.0 Goes Live w...

Today, on October 29th, Ontology is happy to announce the release of Ontology v1.8.0. After several months of stable performance on TestNet, the Wasm function has officially launched on Ontology MainNet.Let’s take a look at the major updates that have been introduced with Ontology v1.8.0:Wasm DevelopmentIn this version, the Wasm function was officially launched on the MainNet. At this point, Ontology v1.8.0, using its hybrid virtual machine architecture, supports three types of contracts: Native, NeoVM and Wasm. As a result, different types of contracts can seamlessly interact with each other. Wasm contract development can now introduce a number of promising third-part libraries straight out of the box. This is due to the fact that a large number of advanced development languages, such as C++, Rust, Go, and Assembly Script, support Wasm bytecode. This means that developers can now choose their development language according to their own individual preferences, solving a large issue in the contract development world. Ontology is proud to be the first to support Wasm contracts and we hope to attract a wider range of technology developers to the Ontology community. Together, we can push blockchain technology to the forefront and enrich the powerful technology of Ontology’s ecosystem.NeoVM Virtual Machine OptimizationThis version reintroduces NeoVM, and performs complete and strict semantic verification of variables and contexts of virtual machines at the type system level to avoid potential bugs. At the same time, the performance of the virtual machine bytecode has been improved by 240%, the memory allocation has been reduced by 5.5x times, the memory consumption has reduced by 29%, and the overall node stability has been effectively improved. To find out more about Wasm, go here.More info to come…Are you a developer? Make sure you have joined our tech community on Discord. Also, take a look at the Developer Center on our website, there you can find developer tools, documentation, and more.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInOntology v1.8.0 Goes Live with Wasm! was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 10. 29

Why the Bear Market Might B...

After communicating with our comunity and taking the current climate into consideration, we think it’s time to discuss the current state of the market and the implications it may have. Although this topic may cause many newcomers or industry observers to criticize, I think it is important to express my point of view. Consider this piece as me having a bit of fun with the bear market.What is a bear market?Before we start the discussion, it’s imperative to analyze the origin of the bear market.First of all, the basic principles of economics tell us that peaks are always accompanied by troughs. In simple terms, a rise will be followed by a drop and vice versa.Image from onlineTherefore, with the unprecedented high points seen in the early stages of the industry (the bull market), it seems natural to see the lows of the current bear market.Why does a bear market occur?Diving deeper, I believe that the current bear market is also an inevitable result of prices being driven up artificially by certain stakeholders in the market as well as investors blindly following suit. Taking my personal experience in joining the blockchain industry from the “chives” (those who were trapped in the loop of speculative investments) into account, I remember thinking that blockchain is a versatile technology. I believe that many others share the same understanding. But today I wonder how many people are able to explain what the blockchain is and to answer the following questions:What problems can the blockchain solve? Is it an indispensable part of the present and future life?Can blockchain technology really help our work and life?How much do you know about investment projects? I.e. How many people are there in the project’s core team? What problems do they want to solve? What problems can they solve? Will it be profitable? What percentage of returns will the project use for investment?When these questions occur to a larger percentage of the market, the lows of a bear market are inevitable. However, it is important to keep in mind that this is from the perspective of individual investors, where funds are limited and reasons for investing have different origins. Because of this, opting out would seem to be logical when confidence is low.Image from onlineOther factors to considerFollowing on, it is important to consider external funding as a cause. Many people heard voices from the media and KOLs that market liquidity is insufficient, and external funds cannot come in, etc. Most of the external funds are in the hands of teams with strong resource reserves. Whether they enter the market depends on various factors, such as analysis reports. These analysis reports contain a multitude of factors, but they do not consider rumors heard by individual investors. Therefore, when they lack the data to support entering the market or question the outcome of projects in the industry, they tend to stop to wait and see. They may wait for a moment when the value of BTC is close to or equal to their expected performance or when there is a breakthrough in technology or product. Imagine if you have hundreds of millions or even billions of dollars, would you be willing to invest in an industry that seems to be all about clubbing, traveling, and hosting conferences?In summary, the current bear market is:1. an inevitable result of macroeconomics;2. a result of artificial demand caused by fake projects that do not push the industry forward (so when you see more public chains than actual technical products and more exchanges than projects, this may be the case);3. a result of self-awareness and self-evolution whereby the industry is stuck in the state of “waiting for the wind to come” and attracting traditional and external resources is difficult.Image from onlineWhy the bear market might be good for blockchain?You might be wondering why am I treating this bear market as a big plus. Because, finally, investors have the time and motivation to think more rationally and read more articles, much like this mine, the one you are reading right now. My thinking is that the current market is returning to rationality. I will leave it to you to judge whether I am exaggerating or telling the truth. My main reasoning stems from the idea that investors in the market will no longer follow influential people or popular news blindly.Only when we see investors return to rationality can quality projects enjoy a broader space to thrive. You might be thinking that quality projects will shine regardless but, if we’re being honest, the reason why most investors enter the market is to make money, and when it comes them to making money, quality may not always be their highest priority. If this persists in the long-term, we may see the worst-case scenario; an industry full of “plastic” projects causing blockchain to fall, much like VR technology. Of course, this may not be a worry for individuals investing in the short-term.Unfortunately, we still see many teams taking a back-seat and “waiting for the wind to come.” In fact, many teams have no other choice as a result of a lack of technological innovation.Bringing Ontology into the picture: what we do is not solely for ourselves. We are doing everything we can to reunite the consensus that is exclusive to blockchain technology. We strongly believe we must make full use of the true strength of the technology, products, and team, so that more people believe and see what Ontology, better yet the entire blockchain industry, can bring to everyone. When others are having fun, we are searching for partners around the world to better understanding the international market; when others are on vacation, we use our time to spread understanding of blockchain at many of the world’s top universities. As others “wait for the wind to come”, we push our technology forward by growing our community of global developers and community partners.Image from onlineWhat Ontology is doing is keeping a low profile and preparing for when the wind stops. In preparing, we are developing powerful wings ready to soar when the moment is right. Perhaps in the last bull market, Ontology did not fly very high, but, in the next bull market, Ontology, with all powers accumulated and the wind on our side, will likely soar up into the sky.Image from onlineTo end, I would like to explain that, when I mentioned the bear market might be a favorable period for the future, it only applies to a certain few projects. Artificial demand and “plastic” projects will continue to exist and still may be the choice of some investors. But for us, for now, building a true consensus and allowing the community to propel the project forward is the core. I truly believe that, with the power of Ontology’s global community (which covers 19 different languages), we will produce a butterfly effect for the whole industry, leading the whole industry out of the bear market and moving it towards a brighter future.Want to see another topic covered? Comment below and let us know what you would like to see next. We look forward to more interesting discussions with you.Why the Bear Market Might Be Good for Blockchain was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 10. 28

Blockchain 101: What is Cro...

In the last few years, blockchain has been a topic on the tip of a lot of tongues, especially given recent news surrounding Facebook’s Libra. As a result, there has been an influx of people wanting to get started on their blockchain journey. But we know it can be difficult to know where to begin your blockchain education. That’s why our latest series of articles aims to tackle the foundations of blockchain and make blockchain a topic accessible to all.Moving on, news on blockchain implementation appears almost every day, describing blockchain as the technology to drive the next generation of the Internet. Yet there are significant challenges to be overcome in regards to interoperability and scalability. One part of the solution is cross-chain technology, which allows different blockchains to communicate and transact with one each other. Several projects are doing groundbreaking work in this area, including Ontology. But it’s important for the public to truly understand what it is. How can we ensure full understanding? Well, we’ve interviewed some of our community members to gain some of their valuable insight into cross-chain. Here’s what they said:To better understand cross-chain, consider this example: every country has their own legal tender. USD can not be used in China, and RMB can not be used in the US. The legal tender of different countries can not be transferred easily, since their currency systems are independent of each other, much like the blockchain ecosystem today. BTC cannot be transferred to ETH directly, since they are from different blockchain systems. But with cross-chain technology, different tokens and data from various blockchains can be transferred easily. — AlinaLet’s take bank transfers as an example. If you want to transfer some money from ICBC(Industrial and Commercial Bank of China)to BOC (Bank of China), that is a cross-bank transfer. It seems that you can do it very easily, but actually, without the intermediary network of UnionPay, you would have to withdraw your money from ICBC, and then deposit it in the BOC. So here, take ICBC and BOC as two independent public chains, and UnionPay as the hub of the whole cross-chain ecosystem, not only connecting ICBC and BOC, but also all the other banks. — JasonI think, in future, there will not only exist one public chain. Different blockchain projects are focusing on various businesses, but without an inability to interact, the true value of them cannot be realized; think of it like many isolated islands that cannnot be connected. This is where cross-chain interoperability and scalability comes into play. — KenAs you can see from their answers, the concept of cross-chain should be viewed as a technology that allows for interoperability and scalability. By offering a platform that lets various blockchains interact with one another, cross-chain allows us to break barriers. If history tells us anything, it is that true success requires collaboration; no one project will be able to do it all. Through cross-chain technology, different projects are able to work with each other and join forces to bring the best solution to the market.How would you explain cross-chain? Let us know below! 👇Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInBlockchain 101: What is Cross-Chain? was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 10. 25

Ontology’s Global Universit...

What Is Ontology’s Global University Workshop?As you may have seen, Ontology’s Global University Workshop tour has begun, starting in Seoul, South Korea at Seoul National Univerity. With the tour being the biggest of its kind and 81 universities around the world signed up, we’re excited to support students as they begin their blockchain journey. During the workshops, we aim to uncover the magic behind blockchain, teach attendees the keys to designing applications for business purposes, and identify the opportunities which will be available post-transformation. Furthermore, participants will see how blockchain technology can transform traditional industries in the flesh.Now, we understand that it would be impossible to visit every university in the world but we are determined to make our Global University Workshop as inclusive as possible. That’s why we have created an online course to complement our offline workshops. By doing this, we hope to encourage budding blockchain enthusiasts no matter where they are.What You Will LearnMade up of 21 lessons and a total of 5 hours worth of content, the Global University Workshop online course will focus on the following topics:Final WebBy the end of this workshop, students will understand the basics of blockchain, be able to identify business opportunities and create dApps using blockchain.Blockchain and its Business ApplicationThis course will reveal how blockchain solutions can be applied to real-world business problems in order to create legitimate business models.An Overview of OntologyDuring this section, students will take a deep-dive into the thought behind the Ontology network, such as our governance structure and our Trust framework.Migrate to Ontology: Multi-VM for Smart ContractsDesigned with engineers in mind, this part of the workshops covers the specifics of developing on the Ontology network using Virtual Machines.Develop on Blockchain: ONT ID + DDXFTaking it one step further, this workshop is devoted to giving developers easy access to decentralized environments, teaching students how to utilize Ontology SDKs.Why Complete the CourseNot only will you gain valuable insight and experience during the Global University Workshop online course, but you will also be in with the opportunity to earn more than $20,000 worth of ONG as a reward for your innovation in our Klein Bottle Challenge. The purpose of the Klein Bottle Challenge is to encourage students who are interested in blockchain technology to apply their knowledge to practical applications. During the process, Ontology gives talented projects the opportunity to receive full-scale support from finance to incubation to help you bring your ideas to life on our platform. The following reward levels are available:⭐ Nova Rewards- Up to $20,000 worth of ONG as a reward🎇 Comet Rewards- Full-scale incubation support from Ontology, including technical support, marketing support, and global community support✨ Satellite Rewards- Full-scale incubation support from Ontology, including technical support, marketing support, and global community support- Additional investment from OntologyTo find out more about the requirements for each reward and how to apply, click here.What’s Next?Click here to join the courseTo enter the Klein Bottle Challenge after you finish the course, fill in the submission form below:http://bit.ly/KleinBottleChallengeTo keep up with the latest news, please subscribe to our Facebook page here: Ontology Global University WorkshopInterested in hosting a workshop at your university? Want to give us feedback? Please contact us via: contact@ont.ioFind Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInOntology’s Global University Workshop Goes Online! was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 10. 23

An Essay by Marketing Direc...

It hasn’t been long since I joined the blockchain industry, but I have experienced numerous hardships in other fields, such as real estate, e-sports, new retail, pan-entertainment, and luxury goods. Since first joining Ontology, I have been determined to utilize my previous experience to bring Ontology to a higher level. During this process, it was inevitable that I would encounter different situations and problems with users, partners, investors, and teams. Therefore, I would like to take the opportunity today to share some of my thoughts with you, not as the Marketing Director of Ontology, but simply as a third party, as I analyze Ontology.First, what is Ontology?In my eyes, Ontology is a public chain. As a public chain, first and foremost, it needs to be public and serve the public, but, more importantly, its technology must be needed by the public. Throughout the development of the Internet, operating systems and programming languages, evolving into an all-inclusive existence has always been based on need and consequently demand.Image| From OnlineSimilarly, Ontology is also following this path of development, starting from a single point of data identity and data privacy, and finally forming a real public chain. But this process takes time. At this moment in time, I don’t know how long it will take from the first point to the public chain. Unfortunately, the team cannot play a decisive role in this; instead, it’s the invisible hand of the market. When the market shows significant demand, Ontology will move forward very quickly. However, when the market lacks demand, it may cause crisis for the project. This problem may be caused by changes within the industry, a change in mass consumption habits, or for a variety of other reasons. It is dangerous to assume all problems stem from Ontology itself. For instance, shortly before TikTok came out, there were similar products on the market, but at that time, mobile phone capability, Internet speeds, account systems, online shopping modes, and online payment did not support such a pan-entertainment ecosystem. There was no true demand for users, so it was impossible to develop a killer product like TikTok.Second, what should a public chain be like?In the previous section, I described my most basic understanding of Ontology. Next, I will continue to elaborate more about Ontology. This is not to show how good Ontology is, but actually to identify the room for improvement.· TechnologyIn order to become a real public chain and meet the standards I have just stated, the most vital element is the performance of the chain; the underlying strength that supports its basic vision. The vision of Ontology is to provide each person with a data identity that belongs to the individual independently, namely through the ONT ID system. So, can the current or future iterations of Ontology support a multi-billion level user data interaction and ensure a good user experience? Is it possible for individual users or oligopolistic platforms to access it smoothly? In my opinion, there is no need to mention the technological side here. All projects should follow the white papers they put forth, put their feet on the ground, and fulfill their promises along the way. The first step is to achieve the basic technical reserves described in your vision. Although a project may fail at some points as they move toward the vision, it’s a road one must take, difficult and tortuous but with a bright future. If the core technologies are neglected or even abandoned because of goals too lofty, then I can almost guarantee that this chain will never become a true public chain, let alone one with a prosperous future.But there is another problem. The so-called “basic technology reserve” must not be static, but instead, it must constantly adapt to market changes and try its best to address all possible business scenarios. This is actually the topic I find most interesting in the blockchain industry. One of the core concepts of blockchain is its “distributed” nature. A public chain, if making good use of distributed collaboration, will reach its end goal significantly quicker. While the Internet took decades to reach its current point, a public chain may not take so long.Image | From OnlineDistributed collaboration allows community builders to come up with ideas, express those ideas, build the required technology, plan for the future structure of the technology, and then complete the final packaging. I must say that this is an efficient collaboration approach. A benefit of a core team is its ability to use technology and resources to achieve linear collaboration and achieve goals quickly. But the disadvantages are also obvious: innovation of technology is not enough. Talented community developers are needed, too. The combination of using different technical advantages and different living environments will enrich the needs of an industry in the future, thus breaking through the difficulties. I have always believed that a good idea is like a collision, a collision of different temperatures, different living environments or even different cultural backgrounds, often producing amazing sparks. From my personal perspective, the method I prefer to take when I do things is to crossover; that is, cross-border integration. In fact, I prefer not to read biographies of the so-called “successful people”. I believe it must be acknowledged that their chances of success may have be very different when you take into account their previous academic qualifications, work experience and life experience.Objectively speaking, the technical aspects of Ontology are very solid. Founders or CTOs of many high-quality projects I have spoken with have told me more than once that Ontology’s technical team is one of the best and most powerful they have ever seen. These encouraging words are urging us to move forward. But this does not mean that the project needs to be totally dependent on distributed collaboration. The Achilles heel of the distributed collaboration is the control of efficiency, or the lack of control. Therefore, the best compromise is a project with a strong core team and a dynamic developer community, where ideas can be synthesized and distributed quickly, allowing the project explore and develop in the most agile way. If an idea is feasible, then a strong core team will join to complete product packaging and launching. Another disadvantage of distributed system is in the operation and marketing of products, which will be analyzed later.Going back to the main point, I think from a technical perspective, the public chain must show the following:1. Fortitude: The underlying technology must be safe with high performance;2. Imagination: There must be infinite possibility in the development underlying technology;3. Dynamism: There must be continuous planning for further updates and integration;4. Structure: As mentioned, a strong core development team combined with a multi-dimensional team of community builders is key;5. Capability: The team must show a truly powerful level of thinking· Product:Do public blockchains really need to have their own products? This seems to be a highly-debated topic among many blockchain projects. Some teams believe that providing technical structure and performance is what public chains should focus on; whereas others believe that there must be core ecological products, giving the example of the success of iOS being largely bolstered by the App Store. Some go further to say that having the a successful core product is simply not enough; you also need killer apps, like WeChat and Alipay. Of course, some teams claim that none of these matter and that having white papers and tokens on the exchange is enough.From my point of the view, the second idea is most interesting.There is nothing wrong with the first idea of providing technical structure and performance but turning it into reality is a tall order. First, it must be pointed out that the blockchain industry, up until now, does not have a very high bar. So, when an oligopolistic competitor enters the arena, you will find that your technology and performance are nothing in comparison. You might say, using the analogy of bidding, the bid of the oligarchs will be much higher than yours. Furthermore, due to the tight correlation between blockchain and assets, people are generally reluctant to take the risk of choosing low-cost services. Think of it this way, would you store your valuable assets in a safe at a small store? It is simply too costly and difficult to build trust. In addition, the core logic of bidding is not to lower your price quotation, but to reduce or remove unnecessary costs. Therefore, when competing with oligarchs, there are almost no positives. They have a well-developed system of cost control formed in their traditional industry. In the context of the current blockchain industry, it’s fair to say that we would have no chance of winning.The third idea of killer apps as well as a successful core product is not realistic. Most projects in the industry can’t develop a killer app overnight. It’s not that they are incapable of doing so, the problem is they follow misguided logic. The focus of a killer app is whether anyone uses it, or more simply providing convenience or solving a pain point. The user traffic-based economic model did not produce killer apps when it first appeared, but instead after that, as more and more users began using them. At this time, it was discovered that user traffic can be monetized easily. To illustrate this, I’d like to share an example I have heard since childhood. My uncle was very fond of stock trading when I was a child. As you may have heard, at that time, stock-trading was very much like today’s cryptocurrency market. No one could claim they knew everything about it. More often than not, a group of people would come together and discuss the market. But then, my uncle discovered a way of making a profit and consequently, made a fortune from it. At the time, when people traded stocks, many of them would gather at the stock exchange. Some people won, some people lost, some people were happy, and some were sad. But they had one thing in common, they all had to eat and drink. My uncle saw the opportunity and switched from trading stocks to selling lunch to traders. Later, just as today’s crypto trading, there appeared another model. When someone made some money from stock trading, he would come to my uncle’s stall and treat everyone there to a delicious chicken leg with people in turn wishing him to earn more tomorrow. The reason I tell this story is that the traffic is not due to the delicious and cheap lunch provided by my uncle, but something far more important.Image | From OnlineThe takeaway here is not to try and generate traffic, but instead, to direct it towards your product. In other words, acquiring traffic is a skilled task and throwing money at it won’t truly help you. Recently, there have been many peers or cross-industry experts asking me how the traffic economy should be formed and how to make a profit. But I feel everyone has got the wrong end of the stick in believing that they need to create traffic. Creating traffic is a huge false proposition; in my opinion, you cannot achieve it in industries that haven’t reached a certain level of industry barriers. What we should do more is convert traffic into its own product process as it passes by. Or, we should go and find free traffic.The second idea of a successful core product mentions the importance of App Store to iOS, which I personally think is a suitable comparison for the public chain. But its model should be more inclined to distributed collaboration. At present, the strategy adopted by many projects is to give out rewards in a distributed manner to allow a person or a team to complete an independent app, go online and buy a lot of apps themselves or modify them to get them online. I won’t go into detail about buying an app. Let’s instead talk about why the distributed approach is unsuccessful: it’s too cumbersome. Killer applications are generated by iteration. The Taobao empire was not a one-off process. There were many difficult problems in the development process. I experienced the time when WeChat Payment and Alipay were doing ground promotion, and they were hardly surviving. Therefore, when its team and resources are lacking, it is not easy for an independent app to go online. However, if the threshold of development is very low and its easy to get started, there is still the chance to make a difference. So, imagine, if you build a unique App Store through the public chain, you can create an app in a distributed way, and share the benefits openly, transparently and efficiently. Will this model develop faster and become more attractive?Take Ontology as an example, if Ontology uses ONTO as a carrier of an application store, or develops an ONT Store separately, developers around the world could connect directly through the ONT ID to form trust cooperation and distribute revenue rationally, which will be even more close to the target of Ontology. In such an environment, we would need more open-minded thinking to bring about breakthroughs and miracles. In fact, this is the core reason for blockchain project stagnation. We are sitting on the most advanced or most reasonable distributed collaborative resources, but we are using the previous model of the Internet. We abandon our advantages and instead, trying to make use of our disadvantages. Therefore, it’s hard to be successful.To sum up, in terms of product, my thoughts are:1. The public chain needs to have products, but the form of the product should be a studio, a working platform, or even a factory;2. The public chain should encourage the product to solve the pain points and optimize the product mode. It should not just be used for money realization so that it can achieve long-term development.3. The development and design of the product must combine the characteristics of the blockchain, or the characteristics and vison of the blockchain, and should not be restrained to the logic of Internet products.Image | From Online· Marketing:I didn’t want to talk about marketing because it is the area that I specialize in, and therefore, it could be easy to dig holes for myself. But I would be remiss not to mention it.The marketing and operational approaches in the current industry, based on my observations and experience, leave me with little to say. Everything goes around with one purpose — to sell tokens. No matter how fancy the package is, the strategy is similar.From my personal point of view, I think the only thing that needs to be done in terms of marketing is help the project achieve the vision stated in the white paper. Many people will say that the realization of that vision requires selling tokens. However, this view is vulnerable in my opinion. If the user doesn’t know if your vision can be achieved, why buy your token? It’s would be like me promising to be the best marketing director in the world and then asking you to invest 10,000 BTCs. Looking at today’s landscape, investment bubbles, such as Uber and WeWork, have been burst mostly due to the above situations. People have become less and less hopeful about unfulfilled visions, let alone investing in them.I think the basic criterion for marketing is not to carry out lead and suspense marketing. The progress of the project should be synchronized to investors and potential investors in real time, and it should guide users to properly absorb and understand relevant information and subsequently grow with the users, rather than simply sharing positive news. I believe that if some of my peers, such as reporters who have interviewed me, or partners that I have talked to, read this, they may remember that I once said: if news of cooperation with traditional megacompanies is released easily and through PR, then in most cases, the news lacks authenticity and reliability. The bigger the cooperation, the more time it takes, paying attention to every detail, such as the signing of a confidentiality agreement.Image | From OnlineOverall, my point is that the marketing of a public chain should help its technology and products gain the time and resources needed to be successful. I can say with certainty that the development of the public chain should continue to follow the signals of the market. Only when more people are educated through the market will there be infinite possibilities for the future. It doesn’t matter whether the public chain requires more ecosystem development or more token holders.In addition, I have seen and listened to many presentations and speeches from projects at different conferences. I think some speakers may not have figured out who the audiences are, what they want to listen to and what should be shared. This is a waste of the investor’s money to some extent. Disclaimer: I also need improvement in this area.So, from a marketing perspective, I think what we have to do is:1. Introduce technology and help users gain more understanding to generate more distributed collaboration;2. Help products enter a wider market, and then continue to improve and enrich the product matrix;3. After obtaining market-wide recognition, user conversion is required. It is necessary to understand that only by continuously expanding the reach of users can we continue to promote the conversion.PostscriptThe purpose of writing this article is not to express cynicism, nor to speak at random. In fact, every word has been carefully considered. By stepping out of my role as a Marketing Director, I have been able to share a lot of my thoughts. But returning to reality: as an open platform with deep technical accumulation, Ontology is always ready to welcome people from all walks of life to join hands with us to contribute to the existing technologies and product models.On this basis, we have opened up one of the largest non-profit university campuses in the global blockchain industry, without any promotion of commercial activities.Image | From OnlineStarting from October this year, the Ontology Global University Workshop will be officially launched. The first workshop will be held on October 19th at Seoul National University, the most prestigious university in Korea. After, it will cover more than a dozen well-known universities across the Pacific Ocean in America. Next, the tour will cover Japan, Russia and even the continent of Europe. At the moment, the total number of workshops stands at 81.I still remember when I was listening to the speech by our Founder LI Jun, he asked “How many technical waves can a person catch in one’s whole life? The rapid development of blockchain technology is on the cusp of something great.” Many college students or entrepreneurs have begun to notice this industry, following the ups and downs of the market, trying their hand at various dApps. The purpose of our Global University Workshop is to directly unveil this layer of mystery through courses on core technology development and business perspective analysis, so that people will have a better and clearer understanding of the product, the technology and its business models. I also believe that the resilience of students and people with different industry experience will make this industry more diverse and exciting.Image | From OnlineThis event will focus on:1. Mastering the power of future core developers. College students, especially computer-related majors, will determine the future direction of blockchain technology to a certain extent, rather than the so-called KOLs on social media platforms today;2. Improving the technology of the project, correcting product direction, and obtaining a real interface that can link reality and the virtual world;3. Creating your own technical strengths and brand image. At present, it is rare to see in the blockchain industry that a real consensus is created. The establishment of consensus is based on the same collaboration platform and requires a shared tool. Ontology’s platform and its decentralized identity protocol ONT ID will show real consensus in the future;4. Introducing more people to blockchain in a positive manner through the efforts of Ontology. We would be extremely proud If the industry could witness an overall improvement because of Ontology’s efforts.The goals of this event are to:1. Build a more dynamic and younger user community and vertical technical community;2. Cultivate more efficient and easy-to-use ecosystem tools;3. Attract expert and consultants from all fields and further penetrate the American market and even the global market;4. to combine the iterative update and distributed collaboration of the Ontology core team.We will use the following approaches:1. Bounty Program + Angel Investment2. Incubation Program + Consulting Services3. Academic Study + Online UniversityImage | From OnlineFinally, I hope that more like-minded partners will join us, whether it is to support Ontology or myself. Your support for the Global University Workshop tour is much appreciated.We will always strive for better.For more information on Ontology’s Global University Workshop, please visit our official website: ont.ioPlease feel free to contact us and share your ideas via email to contact@ont.ioAn Essay by Marketing Director of Ontology was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 10. 23

Ontology Global Talent Prog...

In order to connect with talented students from universities all over the world, we are pleased to announce the launch of Ontology’s Global Talent Program.If you are interested in:- Learning more about blockchain- Applying what you learn to the real world- Becoming a core part of the Ontology network- Being paid for your contributionsJoin our Global Talent Program, NOW.Part-Time PositionsWe will announce available tasks every month on the Ontology Global University Workshop Facebook page. These tasks may include:Translation of documentsConducting surveysTesting applicationsWriting tech articlesAnd othersTech ContributorAs a permanent position, this role is for self-proclaimed tech geeks who would like to apply their technical skills through contributing to the Ontology blockchain ecosystem. Responsibilities may include:DebuggingApplication enforcementCode enforcementCommunity CoordinatorOur community is our core by connecting us with our users. We welcome talented students to join us as community coordinators, where responsibilities may include:Managing online communitiesOrganizing offline eventsConnecting with blockchain KOLs from local regionsCollaborating with local tech communitiesFull-timeWe are also eager to find talented people in a range of full-time positions. To learn more about our full-time positions, please visit our Career page Ontology website — Career page (ont.io).Available Tasks (updated on 18th Oct 2019):1. Translate “Ontology Framework White Paper” (https://ont.io/wp/Ontology-Framework-White-Paper-EN-2.0.0.pdf) into:KoreanJapaneseRussianFrenchSpanishAnd others2. Translate “Ontology Infrastructure White Paper” (https://ont.io/wp/Ontology-Infrastructure-White-Paper-EN-2.0.0.pdf ) into:KoreanJapaneseRussianFrenchSpanishAnd others3. Translate “Ontology Trust Framework White Paper” (https://ont.io/wp/Ontology-Trust-Framework-White-Paper-EN-2.0.0.pdf) into:KoreanJapaneseRussianFrenchSpanishAnd othersBounty: ONG equivalent$60–70 per thousand words, depending on the language and the quality of the translationHow to join Ontology’s Global Talent ProgramStage 1: Like our Facebook page to keep up-to-date with available tasks/positionsStage 2: Fill in the application form here and let us know about your talents and which tasks you would prefer.Stage 3: We will contact you if you are assigned a task/positionStage 4: Once a task is completed, you will be rewarded in ONG.To get started with the process, click here to like the Ontology Global University Workshop Facebook page.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInOntology Global Talent Program Launched! was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 10. 18

How You Can Win $20,000 Wor...

Global University WorkshopThis is an opportunity to start your blockchain journey. You will gain valuable knowledge, such as a strong foundation in blockchain, after attending the workshop.You can get a “Seed Developer” certificate which can be claimed on Ontology blockchain. Your name will be written on the blocks and will never be erased. This certificate will also be an endorsement of your skills that will be recognized by Ontology ecosystem partners.You will be eligible to join our Klein Bottle Challenge. Winners will get up to $20,000 worth of ONG in rewards and full-scale support from technical aspects to marketing and community from Ontology.Klein Bottle ChallengeIn 1882, mathematician Felix Klein proposed a self-enclosed model with no clear boundaries called the Klein bottle. If the Klein bottle is likened to a real bottle, it is a bottle that will never be filled. The inside of the bottle is also its outside. Its surface is endless, similar to the universe.The purpose of the Klein Bottle Challenge is to encourage students who are interested in blockchain technology to apply their knowledge to practical applications. During the process, Ontology will provide full-scale support from finance to incubation to help you bring your ideas to life on our platform.Just like a Klein Bottle, we don’t set limits to what you can do but, instead, encourage your creativity. We welcome all kinds of projects and applications on Ontology network, regardless of type or complexity. To reward your contribution, we are offering a bounty of up to $20,000 worth of ONG which is available to each university. Furthermore, you are able to join the program as an individual or as a team. Whether you’re new to blockchain or an experienced developer, we hope you can push the limit and accept the challenge.Take a look below to find out more about the rewards available:Nova RewardsUp to $20,000 worth of ONG as a reward if your project qualifies to go live on Ontology MainNet. You will also get the chance to win Comet Rewards and Satellite Rewards to closely collaborate with Ontology to help you enhance your technical capability and marketing resources.Requirements:1. At least one team member attended the Global University Workshop2. Submit your project within 3 weeks of the workshop you attendedTimeline (for Seoul National University):- dApp submission deadline: 11:59 pm Nov. 9th, 2019 (UTC+9)- Evaluation period: Nov. 10th — 24th 2019- Result announcement: Nov. 27th, 2019 - We will announce the qualified dApps on Twitter and our website ont.io and facilitate the transfer of your application from TestNet to MainNet.*Note: the individual timeline for other universities will be announced at each workshopComet RewardsIncubation Support — projects with good market performance will enjoy full-scale incubation support from Ontology. We’d like to provide long-term support, including technical support as well as marketing and global community support, to help teams with a desire to contribute to blockchain development.Requirements: 1. Your project shows stable technical performance on Ontology MainNet2. Your project gains a strong following of active usersSatellite RewardsIncubation Support + Additional Investment: projects with outstanding market performance will be offered investment from Ontology. You will be a core part of the Ontology ecosystem.Requirements:1. Your project shows stable technical performance on Ontology MainNet2. Your project gains a strong following of active users for a period of more than two consecutive monthsPlease note: Comet Rewards and Satellite Rewards are intended as long-term programs and are not bound to a specific timeline. As a result, we encourage you to manage your project according to its needs. We feel it is more significant that you learn by doing. If you need any support, we’d like to help.Project EvaluationDue to differences in market segment, target audience, and technical framework, we will evaluate each project on an individual basis. As a result, there will not be a uniform standard set for all candidates and their projects. However, as a general guide, the evaluation of all projects is conducted by Ontology Research Institute and will consider the following factors:Execution: How well was the project executed and explained? Beyond design, was end-to-end user experience for the solution considered? The more complete and usable, the higher the mark your project will receive.Creativity: How original, creative or unique is the idea? We are expecting applications that perform exceptionally in the market based on Ontology’s blockchain framework. Please note that gambling projects are not eligible for this bounty program. Also, plagiarism is not accepted.Sustainability: How scalable is the solution? Is your business model sustainable? Does it have the potential to gain a market in the future? Does it have a healthy user lifecycle?Integration: How well is your project integrated with Ontology’s ecosystem? Please note that if you have attended the course, it may provide you with insight and inspiration regarding the application that you developed.Popularity: Does your project appeal to or have the potential to appeal to more fans? Are there active users every day/week/month?Submitting your projectFill in the submission form below:http://bit.ly/KleinBottleChallengeBefore you startTo find out everything you need to know before you start, please check:1. Punica Suite — The Ontology Blockchain dApp development framework:http://punica.ont.io/tutorials/2. SmartX — One-stop Ontology smart contract IDE:https://dev-docs.ont.io/#/docs-en/SmartX/00-overviewIf you need TestNet ONT&ONG, please apply here: https://developer.ont.io/To keep up with the latest news, please subscribe to our Facebook page here: Ontology Global University WorkshopIf you have further questions, please contact us via research@ont.ioFind Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInHow You Can Win $20,000 Worth of Rewards at Ontology’s Global University Workshop was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 10. 18

How to Write a Smart Contra...

How to Write a Smart Contract on Ontology with Python — (Part 5)IntroductionIn the previous Python tutorial, we introduced the smart contract native API and described how to use smart contracts for ONT / ONG transfer. Today we will talk about how to use Upgrade API to upgrade smart contract. There are 2 APIs, Destroy and Migrate. They are used as follows:Now let’s go into more detail about how to use these 2 APIs. Before that, you can create a new contract in the Ontology smart contract development tool SmartX and follow the instructions below. As usual, at the end of the article, we will provide the link of the source code.How to Use Upgrade APIAs usual, you need to import the 2 functions as follows before using them.from ontology.interop.Ontology.Contract import Migratefrom ontology.interop.System.Contract import DestroyDestroy APIDestroy API is used for destroying and deleting a smart contract on the chain. Below is a code sample of the API.from ontology.interop.System.Contract import Destroyfrom ontology.interop.System.Runtime import Notifydef Main(operation, args): if operation == "destroy_contract": return destroy_contract() return Falsedef destroy_contract(): Destroy() Notify(["The contract has been destoryed"]) return TrueMigrate APIThe Migrate API is used for migrating smart contract. The existing contract will be replaced by the newly migrated contract. The data saved by the old contract will also be migrated to the new contract. The old contract will be deleted after migration.Please note that the assets in the smart contract will not be migrated automatically so you need to transfer them out in advance. Otherwise, you will not be able to retrieve your assets.The parameter list of the Migrate function is as follows:See below the code sample of the Migrate function:from ontology.interop.Ontology.Contract import Migratefrom ontology.interop.System.Runtime import Notifyfrom ontology.libont import AddressFromVmCodedef Main(operation, args): if operation == "migrate_contract": if len(args) != 7: return False avm_code = args[0] need_storage = args[1] name = args[2] version = args[3] author = args[4] email = args[5] description = args[6] return migrate_contract(avm_code, need_storage, name, version, author, email, description) return Falsedef migrate_contract(avm_code, need_storage, name, version, author, email, description): res = Migrate(avm_code, need_storage, name, version, author, email, description) if res: Notify(["Migrate successfully"]) new_contract_hash=AddressFromVmCode(avm_code) Notify(new_contract_hash) return True else: return FalseYou can follow the steps below to see the execution result of the code sample on SmartX :Copy and paste the above code to SmartX and compile before putting in the parameters. Pay special attention to two issues when inputting parameters:a. Make sure avm_code does not exist on the chain, otherwise an error will be returned;b. Migrate requires a high gas limit, so you need to adjust the gas limit when running the function.2. After deployment, you can get the new contract hash from the dashboard. In this example, the new contract hash is be4606c4663081b70f745ed9fc64d4c3b0d9c183.SummaryIn this article, we introduced the Upgrade API of the Ontology blockchain. Developers can use this API to upgrade smart contracts. Destroy API is used for destroying smart contracts on the chain and Migrate API is for migrating smart contracts. In the next article, we will introduce the Static & Dynamic API to explore how to implement the static and dynamic call of Ontology smart contracts with Python.Find the tutorial on GitHub here.Are you a developer? Make sure you have joined our tech community on Discord. Also, take a look at the Developer Center on our website, there you can find developer tools, documentation, and more.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInHow to Write a Smart Contract on Ontology with Python — (Part 5) was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 10. 18

Ontology’s Global Universit...

As a leader in our field, we understand our responsibility to foster the future of blockchain. Whether infrastructure or education, we want to be instrumental in the growth and development of the industry. That is why we are pleased to announce, on October 19th, the Ontology team will begin our much-awaited Global University Workshop tour. Starting in South Korea, at Seoul National University, the tour is the largest of its kind in the blockchain industry, visiting 81 top universities around the world, in areas such as the U.S.A., Russia, Europe, and Japan.What is a Global University Workshop?With our high-performance public blockchain project and distributed collaboration platform, Ontology’s blockchain framework supports public blockchain systems and enables customization of public blockchains for applications. As a non-profit activity, it is important for those interested in application development to understand a variety of topics.That’s why our Global University Workshops aim to explain the logic behind blockchain, the keys to business application design, and the new opportunities available post-transformation and how to make the best of them. Furthermore, participants will see first-hand how blockchain technology can transform traditional industries, with speeches from our top technology engineers, such as our Senior Architecture Experts, Ning HU and Edmond CONG.Why should you attend?In addition to all of the valuable knowledge and experience you will gain throughout the Global Workshop, Ontology is offering our Bounty Program with more than $20,000 in rewards available to each university. Whether you’re new to blockchain or an experienced developer, we want to help you bring your ideas to life on our platform. Take a look below to find out more about the rewards available:Basic Bounty Program:Up to $20,000 rewardsRequirements:- Submit your dApp within 3 weeks of the workshop you attended- Your dApp goes live on Ontology TestNetAdvanced Bounty Program:Up to $20,000 rewards + Incubation SupportRequirements:- Submit your dApp within 3 weeks of the workshop you attended- Your dApp goes live on Ontology MainNet- Your dApp gains a strong following of active usersSuper Bounty Program:Up to $20,000 rewards + Incubation Support + Additional InvestmentRequirements:- Submit your dApp within 3 weeks of the workshop you attended- Your dApp goes live on Ontology MainNet- Your dApp gains a strong following of active users for a period of more than two consecutive monthsWhat will the workshop include?The course will consist of both offline and online components:OfflineFinal WebFrom the specifics of how blockchain can change business to the nature of business itself, attendees will learn to manage and monetize data using blockchain, as well as the layers within the blockchain stack. By the end of each workshop, students will be able to identify business opportunities and create dApps using blockchain.Blockchain and its Business ApplicationWant to learn the ins and outs of bringing an idea to the market while utilizing blockchain technology? This course will see students learn how to use blockchain solutions and applications to create legitimate businesses, from the basics of choosing a governance model to the final decision of a suitable blockchain to launch from.An Overview of OntologyWhat would our Global Workshops be without learning about team behind it? This portion of the workshop will give students an in-depth understanding of the Ontology network, from our economy and governance structure to Ontology infrastructure components and our Trust framework.Migrate to Ontology: Multi-VM for Smart ContractsSpecifically designed for engineers familiar with smart contract development on blockchains, this course will detail how best to develop on the Ontology network through the use of Virtual Machines.Develop on Blockchain: ONT ID + DDXFDiving more deeply into developer-side topics, this course will give developers easy access to decentralized environments, going through critical preparation guidance, such as how to utilize Ontology SDKs in order to develop using traditional languages like C++, Rust, or Python.To register for our 1st Global Workshop in Seoul, click here.OnlineTo find out more about the online aspect, click here.With our first Global Workshop fast approaching, you still have time to get involved with one of the many dates available through one of the options below:To register for the Korean stop, click here.To find out more information, please visit https://ont.io/.Interested in hosting a workshop at your university? Want to give us feedback? Please contact us via: contact@ont.ioFind Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInOntology’s Global University Workshop: 20,000 Reasons to Attend was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 10. 15

How to Write a Smart Contra...

How to Write a Smart Contract on Ontology with Python — (Part 4)IntroductionIn the previous article, we introduced how you can use the Runtime API to execute Python smart contract on Ontology. Today, let’s talk about how to invoke an Ontology native smart contract through the Native API. One of the most typical functions of invoking native contract is asset transfer. The Native API has only one API. When you use the Invoke function, you need to use the built-in state function to help you encapsulate the parameters. See below to learn how to use the functions.Now let’s go into more detail about how to use these 2 APIs. Before that, you can create a new contract in the Ontology smart contract development tool SmartX and follow the instructions below. As usual, at the end of the article, we will provide the link of the source code.How to Use Native APIAs usual, you need to import the 2 functions as follows before using them.from ontology.interop.Ontology.Native import Invokefrom ontology.builtins import stateList of Ontology Native ContractThere are currently 6 Ontology native contracts available for developers. Below is the list of the 6 native contracts that can be invoked by the Native API.In the contract, you only need to convert the contract address into a bytearray format and invoke it. For example, when you need to call an ONT Token contract, you can first convert the address of the ONT Token contract into bytearray format, and then call the Invoke function. When calling the Invoke function, the imported parameters are the version number, the contract address, the contract method invoked, and the transfer-related parameters encapsulated by the state function.One particular point to note here is that when making a contract transfer for ONG, the quantity filled is 10⁹ times the actual quantity. That is, if you need to transfer 10 ONG, the quantity needs to be filled in is 10¹⁰. When using a wallet, such as ONTO or Cyano to transfer, the quantity you enter is the transfer amount.contract_address_ONT = bytearray(b'\x00\x00\x00\x00\x00\x00\x00\x00\x00\x00\x00\x00\x00\x00\x00\x00\x00\x00\x00\x01')param = state(from_acct, to_acct, ont_amount)res = Invoke(1, contract_address_ONT, 'transfer', [param])Transfer Contract CodeBelow we give a detailed example of how to use Python to transfer ONT and ONG. In the code below, the parameter type of the imported sending account and receiving address is string. In addition, it can also be delivered with an account parameter type of address, thereby saving the Gas fee for invoking the contract. The process is as follows:Define the contract address variables contract_address_ONT and contract_address_ONG;Convert the sending and receiving address from base58 format to bytearray format;Verify the signature and confirm that the sending address is the same as the contract invoke address;The state function encapsulates the transfer related parameters;The Invoke function calls the ONT Token and ONG Token native contract for transfer;Determine whether the transfer was successful by returning res. If the return value is b’\x01', then the transfer is successful and the event “transfer succeed” will be pushed out.from ontology.interop.System.Runtime import Notify, CheckWitnessfrom ontology.interop.Ontology.Runtime import Base58ToAddressfrom ontology.interop.Ontology.Native import Invokefrom ontology.builtins import state# contract address contract_address_ONT = bytearray(b'\x00\x00\x00\x00\x00\x00\x00\x00\x00\x00\x00\x00\x00\x00\x00\x00\x00\x00\x00\x01')contract_address_ONG = bytearray(b'\x00\x00\x00\x00\x00\x00\x00\x00\x00\x00\x00\x00\x00\x00\x00\x00\x00\x00\x00\x02')def Main(operation, args): if operation == 'transfer': from_acct = args[0] to_acct = args[1] ont_amount = args[2] ong_amount = args[3] return transfer(from_acct,to_acct,ont_amount,ong_amount) return Falsedef transfer(from_acct, to_acct, ont_amount, ong_amount): # convert base58 address to address in the form of byte array from_acct=Base58ToAddress(from_acct) to_acct=Base58ToAddress(to_acct) # check whether the sender is the payer if CheckWitness(from_acct): # transfer ONT if ont_amount > 0: param = state(from_acct, to_acct, ont_amount) res = Invoke(1, contract_address_ONT, 'transfer', [param]) if res and res == b'\x01': Notify('transfer succeeded') else: Notify('transfer failed') # transfer ONG if ong_amount > 0: param = state(from_acct, to_acct, ong_amount) res = Invoke(1, contract_address_ONG, 'transfer', [param]) if res and res == b'\x01': Notify('transfer succeeded') else: Notify('transfer failed') else: Notify('CheckWitness failed')Practice on SmartXYou can also compile and run the code sample above on SmarX following the steps below:Compile the contract. First, create a project on SmartX and compile the code in this project.Deploy the contract. If you need test token to deploy the contract, apply here: https://developer.ont.io/applyOng. The deployment result is as follows:Run the transfer function. Before running the transfer function, you need to configure the parameters as required. In the example below, you need to input the sending address, receiving address, and transferred ONT and ONG amount:Transfer succeeded. After you have configured the parameters properly, the transfer will be successful when running the transfer function. The transferred token will be displayed in the receiving address above:SummaryIn this article, we introduced the Native API of the Ontology blockchain. Developers can use this API to invoke Ontology native contracts. In the next article, we will introduce the Upgrade API to explore how to upgrade contract in Ontology smart contracts.Find the tutorial on GitHub here.Are you a developer? Make sure you have joined our tech community on Discord. Also, take a look at the Developer Center on our website, there you can find developer tools, documentation, and more.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInHow to Write a Smart Contract on Ontology with Python — (Part 4) was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 10. 11

How to Write a Smart Contra...

How to Write a Smart Contract on Ontology with Python — (Part 3)IntroductionIn the previous tech point article, we introduced the Ontology Smart Contract Storage API. Now that you have an idea about how to call the relevant API for persistent storage when developing Python smart contract on Ontology, let’s go on to introduce how to use the Runtime API (Contract Execution API). The Runtime API has 8 related APIs that provide common interfaces for contract execution and help developers get, convert, and validate data. Here’s a brief description of these 8 APIs:Let’s take a closer look at how to use these 8 APIs. Before that, you can create a new contract in the Ontology smart contract development tool SmartX and follow the instructions below. As usual, at the end of the article, we will provide the link of the source code.How to Use Runtime APIThere are 2 paths to import the Runtime API, ontology.interop.System.Runtime and ontology.interop.Ontology.Runtime. The Ontology path contains newly-added APIs. The following lines import these APIs.from ontology.interop.System.Runtime import GetTime, CheckWitness, Log, Notify, Serialize, Deserializefrom ontology.interop.Ontology.Runtime import Base58ToAddress, AddressToBase58, GetCurrentBlockHashNotify APIThe Notify function broadcasts events to the entire network. In the following example, the Notify function will return a “hello world” hex string and broadcast it to the entire network.from ontology.interop.System.Runtime import Notifydef demo(): Notify("hello world")You can view it in Logs:GetTime APIThe GetTime function returns the current timestamp, which returns the Unix time at which the function was called. The unit is second.from ontology.interop.System.Runtime import GetTimedef demo(): time=GetTime() return time # return a uint numGetCurrentBlockHash APIThe GetCurrentBlockHash function returns the hash of the current block.from ontology.interop.Ontology.Runtime import GetCurrentBlockHashdef demo(): block_hash = GetCurrentBlockHash() return block_hashSerialize & DeserializeThis is a pair of serialization and deserialization functions. The Serialize function serializes an object into a byte array object, and the Deserialize function deserializes the byte array into the original object. The following code sample implements serialization of incoming parameters and stores them in the persistent storage of the contract. It also extracts data from the contract’s persistent storage and deserializes it.from ontology.interop.System.Runtime import GetTime, CheckWitness, Log, Notify, Serialize, Deserializefrom ontology.interop.System.Storage import Put, Get, GetContextdef Main(operation, args): if operation == 'serialize_to_bytearray': data = args[0] return serialize_to_bytearray(data) if operation == 'deserialize_from_bytearray': key = args[0] return deserialize_from_bytearray(key) return Falsedef serialize_to_bytearray(data): sc = GetContext() key = "1" byte_data = Serialize(data) Put(sc, key, byte_data)def deserialize_from_bytearray(key): sc = GetContext() byte_data = Get(sc, key) data = Deserialize(byte_data) return dataBase58ToAddress & AddressToBase58This is a pair of address conversion functions. The Base58ToAddress function converts the base58 encoded address into a byte array form address, and AddressToBase58 converts the byte array form address into a base58 encoded address.from ontology.interop.Ontology.Runtime import Base58ToAddress, AddressToBase58def demo(): base58_addr="AV1GLfVzw28vtK3d1kVGxv5xuWU59P6Sgn" addr=Base58ToAddress(base58_addr) Log(addr) base58_addr=AddressToBase58(addr) Log(base58_addr)CheckWitnessThe CheckWitness(fromAcct) function has two functionalities:Verify if the current function caller is fromAcct. If yes (i.e. signature verification passed), the function returns.Check if the current function caller is a contract. If it is a contract, and the function is executed from the contract, then the verification is passed. That is, verify if fromAcct is the return value of GetCallingScriptHash(). The GetCallingScriptHash() function can get the contract hash value of the current smart contract.GetCallingScriptHash():ontio/ontology-python-compilerfrom ontology.interop.System.Runtime import CheckWitnessfrom ontology.interop.Ontology.Runtime import Base58ToAddressdef demo(): addr=Base58ToAddress("AW8hN1KhHE3fLDoPAwrhtjD1P7vfad3v8z") res=CheckWitness(addr) return resWant more details? Find the full tutorial here.SummaryIn this article, we introduced the Runtime API of the Ontology blockchain, which is very important in the Ontology Python smart contract. In the next article, we will introduce the Native API to explore how to transfer assets in Ontology smart contracts.Are you a developer? Make sure you have joined our tech community on Discord. Also, take a look at the Developer Center on our website, there you can find developer tools, documentation, and more.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInHow to Write a Smart Contract on Ontology with Python — (Part 3) was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 10. 08

Sesameseed Adds 200,000 New...

200,000 New Staking Accounts Created by Sesameseed On OntologyOn October 2, 2019 Sesameseed announced that it had introduced more than 200,000 new staking users to the Ontology blockchain. The spike in new users was a result of a massive airdrop campaign that was coordinated through Seedit — the fast, easy-to-use micropayment system that was launched on Ontology earlier this year.200,000 New SEED Staking Wallets AddedThe airdrop consisted of 50,000 SEED distributed equally to all Seedit wallets on TRON and Ontology. SEED is the tokenized representation of community participation in Sesameseed. Staking, voting and allocating resources for Sesameseed as a governance representative earns SEED in proportion to each individuals stake. It is built to empower its holders through several unique features. These are a few notable benefits to holding SEED:All SEED are treated equally, no matter the blockchain on which it exists.SEED automatically earns rewards on multiple blockchains daily.SEED automatically compounds rewards daily, ensuring SEED holders earn the maximum reward just by holding SEED in any wallet. No restaking or revoting of rewards is necessary.SEED is a pegged token. This means it has a guaranteed amount of other digital currencies it can be redeemed for.A portion of daily node rewards are put towards the pegged value of all SEED in existence. This means the amount of digital currencies each SEED is redeemable for can go up every day. The longer each SEED is held, the more the pegged value can go up over time.SEED stakes at a higher rate than the digital currency by which it’s backed.All SEED airdropped is now actively staking and earning rewards for holders automatically. SEED holders can see their earned rewards updated daily by entering the Ontology address provided by Seedit on the Sesameseed Rewards Tracker.To learn more about the airdrop read the announcement here.The airdrop also had a positive effect on the ranking of the SEED token on the popular DApp ranking site, DappRadar. It ranked as the number one Ontology DApp and number four overall with over 300,000 transactions.SEED ranked number one Ontology DApp on DappRadarSEED ranked number 4 DApp overall on DappRadarThe mission of Sesameseed is to increase community participation on the blockchain, and is continuously developing solutions to facilitate that. Sesameseed CEO, Juliun Brabon, says: “Staking is a fundamental utility of the blockchain, providing core functions to the chain, none more important than encouraging community interaction. That is the most critical to a blockchains ability to develop.” To reflect that, Sesameseed unveiled a method by which to stake with less than the required 500 ONT. Users of the Ontology blockchain are now staking and earning rewards with only 1 ONT. Another unique aspect to this new staking method is distribution of rewards every 24 hours, so stakers no longer have to wait until the end of a round to begin accruing rewards.To learn more about Sesameseed and SEED visit our website and join our Telegram. You may also connect with us on Twitter, Reddit, Facebook, Instagram, LinkedIn, YouTube, and Medium.If you enjoyed this post, please hit that clap button. The more you clap, the more people will find it. Thank you.cc: The Ontology Team / Ontology Research InstituteSesameseed Adds 200,000 New Staking Users To Ontology was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 10. 03

Ontology Signs an MOU with ...

Ontology Signs an MOU with Global Masternode Platform APISOntology is pleased to announce that it has signed an MOU with APIS, a global masternode platform. APIS and Ontology will work together to form a mutually beneficial relationship with substantial technological collaboration in new services and network expansion.According to the MOU, Ontology node staking service will be launched on the APIS platform so that users can apply to become Ontology nodes, participate in crowdfunding and staking, and gain ONG rewards all through the platform. In this way, users will get the reward in proportion to the amount they spend in the crowdfunding.Through the collaboration, ONT transfer will be available on APIS PAY which is currently being developed. Through technical exchange and collaborative network, APIS and Ontology will strive to improve their blockchain services.APIS now boasts a global user base of 20,000 and has about 10,000 monthly active users. As Ontology continues to establish a firm foothold in the Korean market, the partnership with APIS will allow more Ontology users in Korea to share in the benefits Ontology offers and further promote Ontology’s growth in the local market.About APISBy lowering the barrier against the blockchain incentive system, APIS improves the soundness of network and aims to build a user-oriented and decentralized ecosystem. Through its recent platform renewal, various products were added, including Masternode, PoS, and DPoS/BFT chain.Anyone can participate in the blockchain incentive system on the APIS platform swiftly and easily. The participation history is all recorded on the APIS blockchain network. Equipped with accessibility, fairness, and transparency, the APIS team suggests a new direction to the question: “How would we utilize cryptocurrency”.For more information, please visit https://apis.mn/.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInOntology Signs an MOU with Korean Masternode Platform APIS was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 09. 25

How to Write a Smart Contra...

How to Write a Smart Contract with Python — (Part 2)ForewordIn the last article, we introduced the Blockchain & Block API of Ontology’s smart contract. Some of you might have already tried to write and run smart contracts on Ontology with Python. If you have any issues while using SmartX, feel free to contact us.Today we will discuss how to use the second module: Storage API. The Storage API has five related APIs that enable addition, deletion, and changes to persistent storage in blockchain smart contracts. Here’s a brief description of the five APIs:Let’s take a closer look at how to use these five APIs. First, create a new contract SmartX and then follow the steps below. Aa usual, at the end of the article, we will provide the GitHub link of the source code.2 How to Use Storage API2.1 GetContext & GetReadOnlyContextGetContext & GetReadOnlyContext gets the context in which the current smart contract runs. The return value is the reverse of the current smart contract hash. As the name implies, GetReadOnlyContext gets the context of the read-only mode. In the example below, the return value is the reverse of the contract hash displayed in the upper right corner.2.2 PutThe Put function is responsible for storing the data on the blockchain in the form of a dictionary. As shown, Put accepts three parameters. GetContext gets the context of the current smart contract running, the key is the key value that needs to store data, and value is the value of the data that needs to be stored. Please note that if the key value is already in storage, the function will update its corresponding value.2.3 GetThe Get function is responsible for reading the data in the existing blockchain through the key value. In the example below, you can fill in the key value in the parameter panel on the right to run the function and read the data corresponding to the key value in the blockchain:2.4 DeleteThe delete function is responsible for deleting the data in the blockchain through the key value. In the example below, you can fill in the key value to run the function in the parameter panel on the right and delete the data corresponding to the key value in the blockchain:3 Storage API Sample CodeThe following code gives a detailed example of the use of five APIs: GetContext; Get; Put; Delete; and GetReadOnlyContext. You can try to run these APIs on SmartX.from ontology.interop.System.Storage import GetContext, Get, Put, Delete, GetReadOnlyContextfrom ontology.interop.System.Runtime import Notifydef Main(operation,args): if operation == 'get_sc': return get_sc() if operation == 'get_read_only_sc': return get_read_only_sc() if operation == 'get_data': key=args[0] return get_data(key) if operation == 'save_data': key=args[0] value=args[1] return save_data(key, value) if operation == 'delete_data': key=args[0] return delete_data(key) return Falsedef get_sc(): return GetContext() def get_read_only_sc(): return GetReadOnlyContext()def get_data(key): sc=GetContext() data=Get(sc,key) return data def save_data(key, value): sc=GetContext() Put(sc,key,value) def delete_data(key): sc=GetContext() Delete(sc,key)AfterwordBlockchain storage is the core of the entire blockchain system. The use of the Ontology Storage API is very simple and developer-friendly.On the other hand, storage is the focus of hackers, such as the security threat we mentioned in one previous article: storage injection attack, developers must pay special attention to code security when writing storage-related code.Find the detailed tutorial on GitHub here.In the next article we will discuss how to use the Runtime API. Stay tuned!Are you a developer? Make sure you have joined our tech community on Discord. Also, take a look at the Developer Center on our website, there you can find developer tools, documentation, and more.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInHow to Write a Smart Contract with Python — (Part 2) was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 09. 24

How to Write a Smart Contra...

How to Write a Smart Contract on Ontology with Python - (Part 1)ForewordIn the previous tech articles, we introduced the smart contract system supported by the Ontology MainNet and the smart contract development tool SmartX. We are sure many of you just can’t wait to try it on.In this article, we will begin to introduce the smart contract API of Ontology. The Ontology’s smart contract API is divided into 7 modules, Blockchain & Block API, Runtime API, Storage API, Native API, Upgrade API, Execution Engine API, and Static & Dynamic Call API.In this article, we will introduce the Blockchain & Block API, which is the most basic part of the Ontology smart contract system. The Blockchain API supports basic blockchain query operations, such as obtaining the current block height, whereas the Block API supports basic block query operations, such as querying the number of transactions for a given block.Let’s get started!First, create a new contract in SmartX and then follow the instructions below.1 How to Use Blockchain APIReferences to smart contract functions are identical to Python’s references. Developers can introduce the appropriate functions as needed. For example, the following statement introduces GetHeight, the function to get the current block height, and GetHeader, the function to get the block header.from ontology.interop.System.Blockchain import GetHeight, GetHeader1.1 GetHeightDevelopers can use GetHeight to get the latest block height, as shown in the following example. In the latter example, for convenience, we will omit the Main function, but you can add it if it’s needed.from ontology.interop.System.Runtime import Notifyfrom ontology.interop.System.Blockchain import GetHeightdef Main(operation): if operation == 'demo': return demo() return Falsedef demo(): height=GetHeight() Notify(height) # print height return height #return height after running the function 1.2 GetHeaderDevelopers can use GetHeader to get the block header, and the parameter is the block height of a block. Here’s an example:from ontology.interop.System.Runtime import Notifyfrom ontology.interop.System.Blockchain import GetHeaderdef demo(): block_height=10 header=GetHeader(block_height) Notify(header)return header1.3 GetTransactionByHashDevelopers can use the GetTransactionByHash function to get transactions through transaction hash. The transaction hash is sent to GetTransactionByHash as parameters in bytearray format. The key to this function is how to convert a transaction hash in hex format to a transaction hash in bytearray format. This is an important step. Otherwise, you would get an error which indicates that there is no block of this block hash. Let’s take the transaction hash in hex format as an example to convert it to bytearray format. The example is as follows:9f270aa3a4c13c46891ff0e1a2bdb3ea0525669d414994aadf2606734d0c89c1First, reverse the transaction hash:c1890c4d730626dfaa9449419d662505eab3bda2e1f01f89463cc1a4a30a279Developers can implement this step with the conversion tool Hex Number(little endian)<--> Number provided by SmartX.Then, convert it to bytearray format:{0xc1,0x89,0x0c,0x4d,0x73,0x06,0x26,0xdf,0xaa,0x94,0x49,0x41,0x9d,0x66,0x25,0x05,0xea,0xb3,0xbd,0xa2,0xe1,0xf0,0x1f,0x89,0x46,0x3c,0xc1,0xa4,0xa3,0x0a,0x27,0x9f}Developers can do this with the conversion tool String <-->Byte Array provided by SmartX. Finally, convert the resulting bytearray to the corresponding string:\xc1\x89\x0c\x4d\x73\x06\x26\xdf\xaa\x94\x49\x41\x9d\x66\x25\x05\xea\xb3\xbd\xa2\xe1\xf0\x1f\x89\x46\x3c\xc1\xa4\xa3\x0a\x27\x9fBelow is an example of the GetTransactionByHash function that gets a transaction through a transaction hash:from ontology.interop.System.Blockchain import GetTransactionByHashdef demo(): # tx_hash="9f270aa3a4c13c46891ff0e1a2bdb3ea0525669d414994aadf2606734d0c89c1" tx_hash=bytearray(b"\xc1\x89\x0c\x4d\x73\x06\x26\xdf\xaa\x94\x49\x41\x9d\x66\x25\x05\xea\xb3\xbd\xa2\xe1\xf0\x1f\x89\x46\x3c\xc1\xa4\xa3\x0a\x27\x9f") tx=GetTransactionByHash(tx_hash) return tx1.4 GetTransactionHeightDevelopers can use the GetTransactionHeight function to get transaction height through transaction hash. Let’s take the hash in the above example:from ontology.interop.System.Blockchain import GetTransactionHeightdef demo(): # tx_hash="9f270aa3a4c13c46891ff0e1a2bdb3ea0525669d414994aadf2606734d0c89c1" tx_hash=bytearray(b"\xc1\x89\x0c\x4d\x73\x06\x26\xdf\xaa\x94\x49\x41\x9d\x66\x25\x05\xea\xb3\xbd\xa2\xe1\xf0\x1f\x89\x46\x3c\xc1\xa4\xa3\x0a\x27\x9f") height=GetTransactionHeight(tx_hash) return height1.5 GetContractDevelopers can use the GetContract function to get a contract through contract hash. The conversion process of the contract hash is consistent with the transaction hash conversion process mentioned above.from ontology.interop.System.Blockchain import GetContractdef demo(): # contract_hash="d81a75a5ff9b95effa91239ff0bb3232219698fa" contract_hash=bytearray(b"\xfa\x98\x96\x21\x32\x32\xbb\xf0\x9f\x23\x91\xfa\xef\x95\x9b\xff\xa5\x75\x1a\xd8") contract=GetContract(contract_hash) return contract1.6 GetBlockDevelopers can use the GetBlock function to get the block. There are two ways to get a specific block:Get the block by block height:from ontology.interop.System.Blockchain import GetBlockdef demo(): block=GetBlock(1408) return block2. Get the block by block hash:from ontology.interop.System.Blockchain import GetBlockdef demo(): block_hash=bytearray(b'\x16\xe0\xc5\x40\x82\x79\x77\x30\x44\xea\x66\xc8\xc4\x5d\x17\xf7\x17\x73\x92\x33\x6d\x54\xe3\x48\x46\x0b\xc3\x2f\xe2\x15\x03\xe4') block=GetBlock(block_hash)2 How to Use Block APIThere are three functions available in the Block API, which are GetTransactions, GetTransactionCount, and GetTransactionByIndex. We will introduce them one by one.2.1 GetTransactionCountDevelopers can use the GetTransactionCount function to get the number of transactions for a given block.from ontology.interop.System.Blockchain import GetBlockfrom ontology.interop.System.Block import GetTransactionCountdef demo(): block=GetBlock(1408) count=GetTransactionCount(block) return count2.2 GetTransactionsDevelopers can use the GetTransactions function to get all the transactions in a given block.from ontology.interop.System.Blockchain import GetBlockfrom ontology.interop.System.Block import GetTransactions def demo(): block=GetBlock(1408) txs=GetTransactions(block) return txs2.3 GetTransactionByIndexDevelopers can use the GetTransactionByIndex function to get specific transactions in a given block.from ontology.interop.System.Blockchain import GetBlockfrom ontology.interop.System.Block import GetTransactionByIndexdef demo(): block=GetBlock(1408) tx=GetTransactionByIndex(block,0) # index starts from 0. return txFind the complete tutorial on our GitHub here.AfterwordThe Blockchain & Block API is the most indispensable part of smart contracts since you can use them to query blockchain data and block data in smart contracts. In the next few articles, we will discuss how to use other APIs to explore their interaction with the Ontology blockchain.Are you a developer? Make sure you have joined our tech community on Discord. Also, take a look at the Developer Center on our website, there you can find developer tools, documentation, and more.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInHow to Write a Smart Contract on Ontology with Python - (part 1) was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 09. 22

Limited Swap Event (Beta) —...

Limited Swap Event (Beta) — 5,000 ONG for ONTSesameseed is committed to increasing the usability of every blockchain on which it operates a node. ONT and ONG are the native tokens of the Ontology blockchain, required to interact with and develop on the network. There is currently no ONT/ONG trading pair available on any exchange. Sesameseed is proud to unveil its public beta test of their ONG2ONT smart contract, allowing users to swap their ONT for ONG. Everyone is invited to interact with this swap process and encouraged to provide valuable feedback.ONT can be swapped into ONG with a service fee of 1%. The benefit to using this swap tool is there is no need to send your tokens to a centralized exchange and pay high transaction or withdrawal fees to convert your tokens. Transactions on this smart contract are on-chain and the funds are directly deposited into your address. This is the cheapest and most simple way to swap your ONT for ONG.*During this limited swap event, there will be 5,000 ONG available for swap with ONT.*Disclaimer: Due to the volatile nature of digital assets, Sesameseed strongly recommends proper due diligence by each participant before completing any transactions.Guide to Using the ONT to ONG SwapTo try the swap, you will need to have the Cyano Wallet plugin installed and browse to ong2ont.sesameseed.org.[Video Walkthrough Coming Soon]To download the latest version of Cyano Wallet, please visit the Chrome web store and install the extension. For help with the wallet, visit their GitHub.For more information or to provide feedback, please visit Sesameseed on Telegram.To learn more about Sesameseed visit our website. You may also connect with us on Twitter, Facebook, Instagram, LinkedIn, YouTube, and Medium.If you enjoyed this post, please hit that clap button. The more you clap, the more people will find it. Thank you.cc: The Ontology Team / Ontology Research InstituteLimited Swap Event (Beta) — 5,000 ONG for ONT was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 09. 20

Ontology’s Co-Founder Speak...

Andy JI, Co-founder of Ontology, was invited to Invest: Asia powered by CoinDesk from September 11–12 in Singapore and gave a speech on “Ticket to Noah’s Ark”.Andy first shared his thoughts on the public blockchain competition and what is the key to the distributed collaboration business world. When talking about today’s blockchain industry, Andy pointed out that “we have seen many public blockchain projects going live this year, but half of them are dying. Mainstream adoption still seems a distant prospect and we are not excited anymore every time we hear someone say “this is the year of blockchain”. Change is not necessarily better, but without change, you will have no chance to get ahead.”He also stressed that “before we think of blockchain applications, first we need to understand what the business needs are. Based on my research on traditional internet or financial products, as market competition intensifies, I think consumers will choose”:Reliable and familiar productsLow-cost products for cost-conscious consumersHigh-quality and user-friendly products for consumers who value quality and user experienceNovel products for young consumers who are willing to try new thingsProducts on big platforms, such as WeChat and AlipayIt’s pretty clear that there are no time-tested blockchain products so far, nor is there a product that boasts hundreds of millions of users. Moreover, blockchain products are not as cost-effective as centralized products, not to speak of user experience. And the novelty these products offer soon wears off. Ontology, on the other hand, will continue to focus on improving user experience and product quality and pursue the following paths:United Network Initiative: The UNI Association is governed by regional public chain leading projects. Organizations join the association by running a validator node on the relay chain and serving in governance. The association currently has 7 founding members and is open to the top 50 public chain projects. This is simply the best place to implement blockchain applications across all mainstream platforms, which can dramatically reduce costs. In the next-generation network initiative, you can choose the programming language and platform that you like without worrying about whether the chain is popular or development is active.CeFi + DeFi: Choose competitive financial products with a focus on user experience. Start with CeFi projects and smoothly upgrade to DeFi projects. Anyone with a smartphone can now take out a loan, access leverage, or invest in derivatives.Fusion Staking: A new type of Soft Staking model which doesn’t require any staking knowledge. Fusion staking offers tradeable PoS stake which allows you to take out the profit anytime and anywhere. Moreover, it provides seamless exchange between major digital and fiat currencies within seconds. Multiple reward options are available and you can spend your staking balances with physical and virtual cards.Institution-facing Services: Digital asset portal for Fortune 500 enterprises and listed companies backed by enterprise-class custody service for institutional investors. providing trust, ETN, ETF, and ETP products for clients and a basket of regulated stable coin products for issuers.Ontology as an incubator: Based on Ontology’s incubation platform, full marketing, token economy design, and technical development support is given to ecosystem projects to help them cooperate with each other, so as to improve their profitability.Andy concluded his speech by stressing again that “it’s time to go back to reality and think about the solidity of the business.” And that is what Ontology has always been doing.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInOntology’s Co-Founder Speaks on “Ticket to Noah’s Ark” at Invest Asia was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 09. 19

An Overview of Ontology’s O...

In the previous 2 recap articles, we have introduced the explanation of “TRUST Redefined” by Ontology’s Founder Li Jun and the announcement of the largest-ever global university blockchain workshop by Ontology’s Marketing Director Jesse LIU.Ning HU, Senior Architecture Expert at Ontology, also gave a detailed introduction to ONT ID, Ontology’s decentralized identity framework and DDXF, its distributed data exchange framework at the media conference.When introducing ONT ID, Ning HU explained that “ONT ID is an identity framework based on decentralized identification protocol using blockchain and cryptographic technology, which is able to instantly identify and connect people, assets, things, and affairs. ONT ID helps users ensure the privacy and security of their data, giving users full control over their own identity and personal data.”ONT ID has four features:Compared to existing internet-based digital identity systems, ONT ID addresses a number of the pain points of traditional ID systems. For example, lack of individual role, data oligopoly, fragmented sources of trust, difficulty in achieving accuracy in identity verification, in identifying and managing IoT, in assessing reputation comprehensively and in tracing content copyrights. In order to solve these issues, Ontology offers the following solutions:Multi-dimensional trust support based on fine-grained entities;Data authentication and distributed data token management;Access to multi-dimensional trust sources, control over personal credentials;An anonymous claim and quantified trust assessment scheme based on verification requirements;Open ONT ID protocol is compatible with IoT identification protocol;Quantitative assessment of multi-dimensional trust sources based on given scenarios;Data identification based on tamper-proof and traceable blockchain technology.Based on DDXF, the ownership of resources can be confirmed and circulated on the chain. Users can exchange their resources for ONG and other OEP-4 assets or for other resources. DDXF supports digital and physical resources and allows various forms of resource circulation, which includes the circulation of its ownership, right to use, etc. For off-chain resources, DDXF enables users to transact off the chain with a smart contract, so as to meet the need for compliance and security and consistency.Ning HU added that: “based on ONT ID, you can realize the mapping of the traditional Internet and IoT entities and data. By using DDXF, you can apply the mapping to cross-system information interaction and delivery, thus using the tamper-proof and traceable blockchain technology to realize multi-system data interoperability.” He also revealed that “ONT ID and DDXF will be used on the decentralized platforms of MovieBloc and Muzika, two of Ontology’s ecosystem partners in the entertainment sector, allowing global users to access quality services while ensuring their data privacy and security.”Are you a developer? Make sure you have joined our tech community on Discord. Also, take a look at the Developer Center on our website, there you can find developer tools, documentation, and more.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInAn Overview of Ontology’s ONT ID and DDXF was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 09. 14

ONTO Korean Version Release...

In the previous article, our Founder Li Jun explained the meaning of “TRUST Redefined”. Jesse Liu, Marketing Director of Ontology, announced at the Korea Media Conference that ONTO is available in Korean for the first time and now supports node staking. What’s more, ONTO will soon support Klaytn, Korean social giant Kakao’s public blockchain project. More details will be released soon.Jesse also revealed that the Ontology Global University Workshop will soon kick off in top Korean universities in Seoul. The workshop will be the largest of its kind so far in the blockchain industry as it will cover dozens of top universities in cities in Korea, Japan, Russia, the US, and Germany. Ontology is aiming to go to the campus to meet aspiring young students developers and build a younger, more innovative and vibrant developer community in the next 1–2 years.In the media Q&A session, Jesse explained that: “the reason the Ontology team chose to hold the media conference in Seoul is that we see the huge potential of the Korean market. The blockchain technology is widely known in the country and many Korean companies are adopting the technology to transform and upgrade their businesses. More and more university students in the country are starting their own blockchain businesses after graduation in the hope of making their first fortune.”“The integration of Klaytn into ONTO is another major breakthrough of Ontology in the Korean market. Klaytn is the global public blockchain project of Kakao, a Korean social media giant with hundreds of millions of users. Klaytn now supports a variety of ecosystems and can help us integrate with various industries. We will announce more Korean companies from the traditional industries to join as Ontology nodes in Q3 and Q4 of this year and Korean users will then be able to stake into them and thus participate in co-building the Ontology ecosystem.”Jesse ended his speech on a positive note, saying that: “in the midst of a speculative market, Ontology differentiates itself by taking a down-to-earth approach to developing our technology and promoting our brand. We think it is more important to let more people learn about us. We are pleased to see that our first media conference in Korea garnering wide attention from the press, making it the most influential media conference in the blockchain sector so far. Moving forward, Ontology is looking forward to working with the Korean media and business partners. You will be able to learn more about Ontology in the upcoming Global University Workshop. Stay tuned!”About KlaytnKakao’s global public blockchain project Klaytn is an enterprise-grade, service-centric platform that brings user-friendly blockchain experience to millions. It combines the best features of both public blockchains (decentralized data & control, distributed governance) and private blockchains (low latency, high scalability) via an efficient ‘hybrid’ design. Klaytn is secured by participation from numerous highly-reputable brands around the globe, working together to create a reliable business platform atop a robust system of decentralized trust. Klaytn enables businesses and entrepreneurs today to capture value using blockchain technology.Learn more here: https://www.klaytn.com/Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInONTO Korean Version Released and Will Support Kakao’s Klaytn Soon was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 09. 11

Ontology Makes Strategic In...

Ontology is pleased to announce a strategic investment in Vid Inc., a social video platform scheduled to launch publicly later this year. Vid is a social video platform focused on video editing. It allows users to use its platform to create videos and record their precious moments based on blockchain technology.As part of the deal, Vid will use Ontology’s blockchain technology to power transactions within its application. In addition to technical support, Ontology will assist Vid with various promotional and marketing campaigns across the Asia Pacific region.Li Jun, Founder of Ontology, met the founders of Vid (Jag and Josh Singh) in Korea earlier this year on the set of BlockBattle, a popular TV show in Korea that highlights the most lucrative blockchain-enabled projects around the world. Li Jun was a judge on the show and Vid was a contestant. Vid finished the competition in 2nd place as the runner up, and Li Jun was impressed by Vid’s vision and ecosystem model. Jag and Josh Singh also learned about the high performance of the Ontology public chain and expressed their interest in using Ontology’s platform and technology to provide more functionalities for global users.When asked about the strategic nature of the deal, Jag Singh said, “We are delighted that Ontology sees the value in what we are building at Vid. Our platform is showing early signs that it could be one of the largest consumer-facing integrations of blockchain technology to-date. With Ontology’s help, we believe we can make that vision a reality. Their entire staff has been supportive and energized as we march toward our public launch. This partnership will surely help both Vid and Ontology build a reputation as trailblazers in our respective industries.”Li Jun added, “Ontology is devoted to providing the infrastructure to help companies in different sectors adopt the blockchain technology easily and efficiently. Vid’s vision, which is giving the ultimate control of data back to its users, fits well with ONT ID, our decentralized identity. With its popular video application and big user base, Vid can also help us reach more users. I believe this investment will prove to be a win-win for both sides. On a side note, recently, we held the Korea Media Conference and shared our new vision of ‘TRUST Redefined’. Vid’s popularity in Asia can, therefore, be very valuable for us. We look forward to seeing good results coming out of this investment and welcome more partners to join the Ontology trust ecosystem.”About Vid Inc.Vid is a next-generation video journaling application that gives ultimate control to its users. Data is secured through zero-knowledge encryption, so only the user can access their content. Blockchain technology powers the company’s internal VID Token, which is a digital currency used to transfer value across the network. Content creators can earn VID Tokens when other users view their videos. Brands and advertisers can also pay content creators directly with the VID Token, without Vid taking a cut.The company has developed proprietary technology that leverages AI and machine learning techniques to automatically edit clips to the beat of the music, identify the most relevant parts of a clip, speed up and slow down content, and apply filters that give the final product a polished and professional feel. Vid holds two patents that protect its technology, with several others are in review. The company is headquartered in Los Angeles, with satellite offices in Korea, Hong Kong, Singapore, and the Cayman Islands.For more information, visit https://vid.camera.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / Discord/Telegram(Korean)/NaverTwitter / Reddit / Facebook / LinkedInOntology Makes Strategic Investment in Social Video Platform Vid was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 09. 10

“TRUST Redefined” Explained...

“TRUST Redefined” Explained by Ontology’s FounderThe Ontology Korea Media Conference was held on August 30th in Gangnam District, Seoul. This invitation-only event is co-organized by Block72, a leading Korean blockchain consulting firm, and Standard Tokenization Protocol, a decentralized network for asset tokenization.Li Jun, Founder of Ontology, attended the media conference and elaborated on what makes Ontology a new generation public blockchain and a distributed trust platform from the angles of performance, business needs, digital economy and the real economy.Li Jun explained that “what the traditional Internet offers is centralized trust under which users’ data ownership is unclear. Centralized trust is based on third-party service providers, thus lacking openness and transparency. As a result, users’ data is likely to be abused without their permission or knowledge.“On the contrary, the Ontology trust network framework enables multi-dimensional decentralized trust, including technical, legal and social trust. To address the issues above, we hereby present our new vision —— “TRUST Redefined.”In response to the questions from the press at the media conference, the Ontology team further explained that ‘TRUST Redefined” covers three aspects. First, technology-wise, Ontology has released sharding, cross-chain, DDXF (distributed data exchange framework) and other core technologies, and has launched the TestNet for global developers.Product-wise, Ontology has released ONTO 2.0, its comprehensive wallet client, which integrates its decentralized identity framework ONT ID, dApps, and wallet all in one, thus achieving the strategic goal of “Ready for all Businesses.”Third, by integrating its technology into various business scenarios, Ontology is able to bring wide adoption of its technologies, which will further promote the decentralization of traditional industries. In Ontology’s open and trust ecosystem, with the Ontology communities covering 19 languages, our partners can receive technical, product and marketing support from us to jointly build a global trust ecosystem.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / Discord/Telegram(Korean)/NaverTwitter / Reddit / Facebook / LinkedIn“TRUST Redefined” Explained by Ontology’s Founder was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 09. 08

Ontology will Show its Bloc...

The Shanghai Art Fair 2019 (23rd) will be held from September 13–15 (VIP preview day on Sep. 12) at Shanghai Mart and Shanghai Convention & Exhibition Center of International Sourcing(CISP), which coincides with the traditional Chinese Mid-Autumn Festival that falls on Sep. 13. During the Art Fair, Ontology will invite 20 ecosystem partners to a VIP wine party where the guests will have the opportunity to appreciate contemporary fine arts up close, including some of Pablo Picasso’s works, and discuss Ontology’s blockchain solution for the authentication, tracing, and trusted transaction of artworks.NU ASSIS, 1962 by Pablo PicassoThe Art Fair this year will see more than 5,000 works of art from 110 galleries and art institutions in 16 countries and regions, including China, Korea, the US, the UK, Germany, France, Japan, Austria, Malaysia, etc. The works that will be on display range from paintings, sculptures, installations, videos, and public programs. The genres include modern and contemporary art, classical oil paintings, the new genre of ink wash paintings and some rarely-seen artworks in other art exhibitions, altogether offering a rich and immersive art pageant for collectors and art lovers.ETUDE POR L´HOMME AU MOUTON, 1967 by Pablo PicassoMr Chu, General Manager of the Shanghai Art Fair, will join well-known artists and collectors from all over the world at the VIP wine party. Guests will be able to meet world-famous artists face-to-face and learn about how Ontology’s blockchain solution can help ensure the authentication and traceability of artworks and the trust of artwork trade. Ontology will also show you how blockchain technology can facilitate the art industry in ways unknown before, for example, in artwork securitization.EL NOVIO APAÑAO, 2016 by JAVIER YEPESGet in touch with us to win a free ticket if you happen to be in Shanghai during the Art Fair.About Shanghai Art FairShanghai Art Fair, established in 1997, has been successfully held under the support of Saulterretimized art event, which not only bridged the gap between the world and Shanghai, the general public and the art industry but also shaped a paradigm for the domestic art fairs.Art galleries, organizations and agencies from more than 20 countries and regions have participated in this lively art exchange during the past 2 decades. Many original artworks from world-class masters, such as Pablo Picasso, Rembrandt, Marc Chagall, Salvador Dalí, Auguste Renoir, Claude Monet, Qi Baishi, Xu Beihong, Zhang Daqian, made the debut in China or Asia at Shanghai Art Fair. The number of spectators reached 60,000 and the turnover in 2013 exceeded 21 million USD. It has now become one of the largest and most globalized art fairs in Asia.Find more information here: Shanghai Art FairFind Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInOntology will Show its Blockchain Solution for Art Industry at Shanghai Art Fair was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 09. 06

How to Develop Wasm Contrac...

Since the Ontology Wasm was launched on the Ontology TestNet, it has received wide attention from community developers as this technology reduces the cost of moving dApp contracts with complex business logic onto the blockchain, thus greatly enriching the dApp ecosystem.In a previous article, we introduced how you can develop Wasm contract with Rust. In this article, we will give two examples to show you how to develop Wasm contract with C++ on Ontology.1. Hello WorldLet’s start with Hello World:#include<ontiolib/ontio.hpp>#include<stdio.h>using namespace ontio;class hello:public contract { public: using contract::contract: void sayHello(){ printf("hello world!"); }};ONTIO_DISPATCH(hello, (sayHello)); 1.1 Contract EntryThe Ontology Wasm CDT compiler has encapsulated the entry and parameter parsing so that developers do not need to redefine entry methods. Then developers need to define the API of the contract, which is the method of how smart contract provides services.ONTIO_DISPATCH(hello, (sayHello));In the example above, we only support sayHello method for the moment:printf("hello world!");“Hello World!” will be printed out as debug information in the node log. In real-life use, printf can only be used for debugging while a true smart contract needs to realize more complex functions.1.2 Smart Contract APIOntology Wasm provides the following API to interact with the blockchain back-end:2. Red Envelope ContractNow let’s take a look at a more complex example to see how to use these APIs to develop a complete Wasm smart contract.For example, we often use some apps, such as WeChat, to send money to our friends via virtual red envelopes or receive money from them. The money you received will be added to your WeChat account.Now let’s create a smart contract similar to this. Users can use this contract to send ONT, ONG, or OEP-4 assets via virtual red envelopes to their friends, who can then transfer the assets into their wallet accounts.2.1 Create ContractFirst, we need to create the source file of the contract. Let’s name it redEnvelope.cpp for now. We need three APIs for this contract:createRedEnvelope: Create red envelopequeryEnvelope: Query red envelope informationclaimEnvelope: Claim red envelope#include<ontiolib/ontio.hpp>using namespace ontio;class redEnvlope: public contract{}ONTIO_DISPATCH(redEnvlope, (createRedEnvlope)(queryEnvlope)(claimEnvelope));Now we need to store some key data in the storage. In the smart contract, data is saved in the context of the contract in the form of KV and we need to add a prefix to the KEY of the data for later query. We have defined three prefixes below for your use:std::string rePrefix = "RE_PREFIX_";std::string sentPrefix = "SENT_COUNT_";std::string claimPrefix = "CLAIM_PREFIX_";Since the contract supports both ONT and ONG, two of Ontology’s native assets, we can predefine their contract address. Unlike a standard smart contract, the contract address of the Ontology native contract is fixed and does not derive from the hash of the contract code.address ONTAddress = {0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,1};address ONGAddress = {0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,2};We need to save the information about the red envelope in the contract, such as asset information about the red envelope (token contract address, the total amount of the red envelope, and the number of red envelopes).struct receiveRecord{ address account; //User address asset amount; //Received amount ONTLIB_SERIALIZE(receiveRecord,(account)(amount)) }; struct envlopeStruct{ address tokenAddress; //Token asset address asset totalAmount; //Total amount asset totalPackageCount; //Total number of red envelope asset remainAmount; //Remaining amount asset remainPackageCount; //Remaining number of red envelope std::vector<struct receiveRecord> records; //Received records ONTLIB_SERIALIZE( envlopeStruct, (tokenAddress)(totalAmount)(totalPackageCount)(remainAmount)(remainPackageCount)(records) ) };Please note that below is the macro operation defined by Ontology Wasm CDT and used for serialization prior to struct storage.ONTLIB_SERIALIZE(receiveRecord,(account)(amount))2.2 Create Red EnvelopeNow we have done the preparation work, let’s start developing the API logic.1. When you create a red envelope, you need to specify the address of the owner, the number and amount of red envelopes, and asset contract address:bool createRedEnvlope(address owner,asset packcount, asset amount,address tokenAddr ){ return true; }2. Check if it has the signature of the owner, otherwise rollback transaction and exit:ontio_assert(check_witness(owner),"checkwitness failed");NOTE: ontio_assert(expr, errormsg): when expr is false, error is returned and exited.3. If the asset in the red envelope is ONT, since ONT is indivisible (the minimum is 1 ONT), the amount of the red envelope must be larger or equal its number to ensure there is at least 1 ONT in each red envelope:if (isONTToken(tokenAddr)){ ontio_assert(amount >= packcount,"ont amount should greater than packcount"); }4. For the owner of each red envelope, we need to record the total number of red envelopes he sends:key sentkey = make_key(sentPrefix,owner.tohexstring());asset sentcount = 0;storage_get(sentkey,sentcount);sentcount += 1;storage_put(sentkey,sentcount);5. Red envelope hash is generated, which is the only ID that labels this red envelope:H256 hash ;hash256(make_key(owner,sentcount),hash) ;key rekey = make_key(rePrefix,hash256ToHexstring(hash));6. Transfer the assets into the contract based on the types of assets. self_address() can get the address of the contract that is being executed, we then transfer a designated token amount into the contract based on the type of token users entered:address selfaddr = self_address();if (isONTToken(tokenAddr)){bool result = ont::transfer(owner,selfaddr ,amount);ontio_assert(result,"transfer native token failed!");}else if (isONGToken(tokenAddr)){bool result = ong::transfer(owner,selfaddr ,amount);ontio_assert(result,"transfer native token failed!");}else{std::vector<char> params = pack(std::string("transfer"),owner,selfaddr,amount);bool res; call_contract(tokenAddr,params, res );ontio_assert(res,"transfer oep4 token failed!");}NOTE 1: for ONT and ONG, Ontology Wasm CDT provides ont::transfer API for asset transfer; for OEP-4 assets, you need to transfer using the regular cross-contract call method.NOTE 2: Similar to a regular wallet address, the contract address can accept any type of assets. However, the contract address is generated by the compiled binary code hash and thus does not have a corresponding private key and is unable to the assets in the contract. If you have not set the of the assets, then you will not be able to control these assets.7. Save contract information in the storage:struct envlopeStruct es ;es.tokenAddress = tokenAddr;es.totalAmount = amount;es.totalPackageCount = packcount;es.remainAmount = amount;es.remainPackageCount = packcount;es.records = {};storage_put(rekey, es);8. Send the event of red envelope creation. This is an asynchronous process for calling the smart contract and the contract will send an event to notify the client of the execution result. The format of the event can be determined by the contract writer.char buffer [100];sprintf(buffer, "{\"states\":[\"%s\", \"%s\", \"%s\"]}","createEnvlope",owner.tohexstring().c_str(),hash256ToHexstring(hash).c_str());notify(buffer);return true;And voila, a red envelope is created. Now let’s see how to query red envelope information.2.3 Query Red EnvelopeThe logic of the query is quite simple, you only need to get and format the information in the storage and then return:std::string queryEnvlope(std::string hash){key rekey = make_key(rePrefix,hash);struct envlopeStruct es;storage_get(rekey,es);return formatEnvlope(es);}NOTE: For read-only operations of the smart contract (e.g. query), you can read the result through pre-exec. Unlike regular contract call, pre-exec does not require a wallet signature and thus does not cost ONG. Having done this, other users can now claim the red envelope with the hash (red envelope ID).2.4 Claim Red EnvelopeNow we have successfully transferred the assets into the smart contract, you can then send the ID to your friends and ask them to claim the red envelope.1. To claim the red envelope, you need to enter your account and red envelope hash:bool claimEnvlope(address account, std::string hash){return true;}2. Likewise, the signature of your account will be checked to ensure you are the owner of the account and each account can only claim once:ontio_assert(check_witness(account),"checkwitness failed");key claimkey = make_key(claimPrefix,hash,account);asset claimed = 0 ;storage_get(claimkey,claimed);ontio_assert(claimed == 0,"you have claimed this envlope!");3. Check if the red envelope has been claimed according to the information the hash obtained from the storage:key rekey = make_key(rePrefix,hash);struct envlopeStruct es;storage_get(rekey,es);ontio_assert(es.remainAmount > 0, "the envlope has been claimed over!");ontio_assert(es.remainPackageCount > 0, "the envlope has been claimed over!");4. Create a claim record:struct receiveRecord record ;record.account = account;asset claimAmount = 0;5. Calculate the claimed amount. If this is the last envelope, then the number is the remaining amount, otherwise, the claimed amount is determined by the random number calculated by the hash of the current block and the red envelope information is updated:if (es.remainPackageCount == 1){claimAmount = es.remainAmount;record.amount = claimAmount;}else{H256 random = current_blockhash() ;char part[8];memcpy(part,&random,8);uint64_t random_num = *(uint64_t*)part;uint32_t percent = random_num % 100 + 1;claimAmount = es.remainAmount * percent / 100;//ont caseif (claimAmount == 0){claimAmount = 1;}else if(isONTToken(es.tokenAddress)){if ( (es.remainAmount - claimAmount) < (es.remainPackageCount - 1)){claimAmount = es.remainAmount - es.remainPackageCount + 1;}}record.amount = claimAmount;}es.remainAmount -= claimAmount;es.remainPackageCount -= 1;es.records.push_back(record);6. A corresponding amount of assets is transferred to the account that has claimed the red envelope according to the calculation result:address selfaddr = self_address();if (isONTToken(es.tokenAddress)){bool result = ont::transfer(selfaddr,account ,claimAmount);ontio_assert(result,"transfer ont token failed!");} else if (isONGToken(es.tokenAddress)){bool result = ong::transfer(selfaddr,account ,claimAmount);ontio_assert(result,"transfer ong token failed!");} else{std::vector<char> params = pack(std::string("transfer"),selfaddr,account,claimAmount);bool res = false; call_contract(es.tokenAddress,params, res );ontio_assert(res,"transfer oep4 token failed!");}7. Record the claim information and write the updated red envelope information back to the storage and send the notification event:storage_put(claimkey,claimAmount); storage_put(rekey,es); char buffer [100]; std::sprintf(buffer, "{\"states\":[\"%s\",\"%s\",\"%s\",\"%lld\"]}","claimEnvlope",hash.c_str(),account.tohexstring().c_str(),claimAmount); notify(buffer); return true;As is mentioned above, this contract can only transfer the assets out of the contract through claimEnvelope API. Therefore, the assets in the contract are safe since no one can withdraw the assets without certain requirements. And this is a simple red envelope contract logic, you can find the complete contract code here.2.5 Contract TestThere are two ways to test the contract:1. Use CLIYou can find it here2. Use Golang SDKYou can find it here3. ConclusionIn this article, we introduced how you can write a complete Ontology Wasm smart contract and call API to interact with the blockchain back-end. We still need to solve the privacy issue if we want to make it a product on the market since anyone can obtain the red envelope hash by monitoring the contract event, which means anyone can claim the red envelope. A simple solution to this issue is designating which accounts can claim the red envelope when creating it. If you are interested, you can also test it.As a leading public blockchain, Ontology is among the first to support Wasm contract. We will continue to contribute to the Wasm technology and welcome more Wasm enthusiasts to join our developer community.Are you a developer? Make sure you have joined our tech community on Discord. Also, take a look at the Developer Center on our website, there you can find developer tools, documentation, and more.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInHow to Develop Wasm Contract with C ++ on Ontology was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 09. 03

A Breakdown of The Ontology...

ForewordOntology uses the VBFT consensus algorithm, which can be considered a PoS algorithm. Therefore, in the Ontology system, the three types of tokens mentioned in the previous article, including governance token, security token, and utility token are all necessary. Ontology adopts ONT as the governance token and ONG as the utility token. Ontology is able to integrate stable digital currency and has launched stable coin PAX on its blockchain.Our focus today is on the ONT/ONG dual-token model and its logic for serving the Ontology infrastructure.1.1 Ontology Dual-Token SystemThe Ontology dual-token design uses ONT for staking and ONG as gas. In the Ontology infrastructure design, ONT is used as the staking tool, and the time cost of staking and the operating costs of the nodes are considered to be inputs and ONG is distributed as revenues. ONG is the utility token used as a value anchoring tool for on-chain applications.Ontology’s VBFT consensus algorithm is a PoS consensus algorithm and its advantage is that staking has the functions of both the utility token and governance token:• When the market is booming, people will prefer to use it as a utility token, which brings more liquidity; when the market is unstable, the function of the governance token allows people to “lock” or stake their token to avert risks;• The liquidity caused by the utility token function causes instability in stake value, which is a particular concern for PoS public chains. In this case, the design of Ontology’s dual-token system, which generates profits for staking but decouples volatility, would be much better.Ontology decouples ONT and ONG to alleviate the influence of violent fluctuations of the native “asset” value on the gas fee.The potential positive logic is as follows:• ONT is for staking and ONG is used in the transactions on the chain;• Control the speed at which ONG is generated to serve the demand of the on-chain business. As the demand increases, the total amount of ONG transaction fees increases, and the nodes can receive more ONG revenue;• The nodes receive ONG, and in order to pay for the operating costs, they will sell the ONG on the market. This promotes the circulation of the ONG. As the number of on-chain applications increases, the ONG circulation rate also increases, which in turn drives up the ONG return for node staking. As a result, it is safe to expect the value of ONT will rise.To put it simply, the high circulation rate of ONG is a result of a huge number of on-chain applications, which can increase the returns on ONT staking. Moreover, as the amount of ONG generated each year will be reduced proportionally, the value of ONG will accordingly increase. As ONG appreciates stably, the consensus node can independently lower the gas fee accordingly.1.2 Ontology Token Design and Governance ModelThe blockchain nodes are the foundation of the platform. The relationship between nodes still meets the governance requirements of “competitive cooperation”. The token model of the Ontology infrastructure needs to serve the governance model.• The current challenge for PoW is not leveling the playing field for the nodes, but a waste of resources;• The challenge for PoS is not a waste of resources, but the so-called “oligarch effect”.In order to avoid waste of resources, Ontology chose a PoS consensus algorithm for network governance, and the algorithm of Ontology token is to avoid the “oligarch effect”.Ontology divides the consensus group into the consensus network and non-consensus network, which take up 50% each. The non-consensus network receives ONG revenue based on the stake ratio, while the Triones incentive curve in the economic model of the consensus network is designed to prevent stake oligarch, and determines whether ONT is locked up or circulates through node consensus. For nodes with a large stake size, too much staking will reduce the revenue and they will choose to release part of the stake to be circulated or split itself into multiple node “miners”, which accelerates the formation of a sufficiently distributed network and can thus prevent monopoly.In this way, it not only shares some similarities to PoW but also avoids the waste of resources to a certain extent.1.3 Design of the Ontology Incentive CurveThe logic of Ontology’s Triones incentive curve is shown in the figure below.To put it simply:The blockchain network tends to be stable and the nodes are equal in performance. Each node is compensated based on the stake size and point A is in line with the interests of network nodes to maximize benefits;Receive more stake through network promotion (point B);Meet the need to increase the circulation of ONT (point C);Prevent malicious competition by any single node (point D/D’).At present, the average position of the Ontology incentive curve is set at point B, which is the point that promotes ONT staking.1.4 Dual-Token System is a Better SolutionThe blockchain is currently in a period of rapid growth. On the one hand, the enormous value of “economic governance” of public chains has been more widely recognized and has resulted in a division of labour in different businesses. The scaling and performance issues of public chains are proposed to help the blockchain infrastructure meet business needs; on the other hand, it exposes the lack of diversity of on-chain applications, and the lack of public chain business is a bigger problem. This is also the direction the blockchain industry is working towards: to seize high-value asset business and develop diversified businesses.The dual-token design not only ensures the development of the infrastructure system but also provides more services to justify the value of the infrastructure. Staking is both a fundamental governance model and can develop a range of value-based businesses.At present, there aren’t many types of applications on the Ontology blockchain and the entire blockchain industry is still in the stage of trial and error and cross-sector promotion. It is foreseeable that in the early stage, the gas revenue of the nodes is unable to cover their operating costs. Therefore, Ontology offers a node incentive plan (10,000,000 ONG is used as node incentives every year for the first three years) and ensures nodes can receive enough ONG revenue to cover the operating costs by the orderly expansion of the node network in the early stage.In addition, based on its infrastructure, Ontology’s DDXF solution enables traditional Internet applications to move to the Ontology platform and provides an effective technical support for the rapid development of on-chain businesses.Are you a developer? Make sure you have joined our tech community on Discord. Also, take a look at the Developer Center on our website, there you can find developer tools, documentation, and more.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInA Breakdown of The Ontology Dual-Token Model was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 09. 01

A Sneak Preview of the Onto...

The Ontology Korea Media Conference will kick off on August 30th in Seoul. This invitation-only event is co-organized by Block72, a leading Korean blockchain consulting firm, and Standard Tokenization Protocol, a decentralized network for asset tokenization.Here’s a sneak peek at the media conference:1. Over 20 mainstream Korean media outlets are invited to attend the media conference, providing full media coverage;2. ONTO, Ontology’s official wallet client, available in the Korean language for the first time, will be released. We will also announce a well-known Korean corporation joining the Ontology ecosystem;3. The Ontology core team will reveal the details about the Ontology Global University Workshop, the largest university blockchain tour so far, which will cover top universities in Korea, the US, Germany, Russia, and Spain. The team will also update on the latest developments of Ontology’s technology, products, and ecosystem;4. Ontology-incubated project MovieBloc will unveil its new decentralized movie platform MovieBloc Beta and reveal more features of the official service;Ontology’s ecosystem partner Muzika will also unveil its new game MUZIQLO, the first blockchain rhythm game.Li Jun, Founder of Ontology, will attend the media conference to elaborate on the core value of “TRUST Redefined” for the first time. He will look back on the strategic vision of “Ready for all Businesses” and share his thoughts on how sharding, cross-chain, DDXF, and other core technologies of Ontology enable trust collaboration and build a global trust ecosystem with our global partners.See you in Seoul!서울에서 만나요!Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / Discord/Telegram(Korean)/NaverTwitter / Reddit / Facebook / LinkedInA Sneak Preview of the Ontology Korea Media Conference was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 08. 29

An Introduction to Token Mo...

1.1 The Business Value of BlockchainBlockchain provides a solution to achieve trust through technology in two aspects:Tamper-proofThe block is produced by reaching a consensus from a large group of validator nodes, therefore tampering with on-chain data requires altering the ledgers of the majority of nodes, which makes the cost of malicious behaviors on the blockchain so high that no sensible person would consider doing that.TraceableTraceability means that the process of modifying and transferring information on the chain is fully recorded. It is traceable from the current state of information to the state when the information was first recorded. If the information is fake, then the process of forgery will be traced back to the moment when it is recorded on the chain.There are many validator nodes on the blockchain network. The trust is realized by the consensus among most of the validators and not based on any single honest node. The blockchain governance model punishes dishonest nodes by making the cost of malicious behaviors higher than the benefit it brings.Given the need to maximize the s of blockchain nodes and the state of a large number of node consensus accounting, competitive cooperation is formed. This is the basis for the blockchain to provide technical trust.This state of competitive cooperation is actually the business environment we are in today.Information asymmetry is often the reason why some parties make extra profit, which is not a healthy model. In an environment where information is fully transparent, partners can only gain more profit by working together to increase the market value of the entire industry. This is the business value provided by the blockchain.1.2 Basic Token System of BlockchainBusiness cooperation is about profit, and the distribution of profit needs to follow the “ledger” on the blockchain. There are two ways to guarantee the trustworthiness of blockchain:1. Legal guarantee: the law guarantees that profits are distributed according to the ledger;2. Economic guarantee: profits are distributed as the transactions are being recorded in the ledger.The nodes of public blockchains cover the entire world, and it is difficult to have a universally-applied legal system across different jurisdictions. As a result, the only viable option is economic guarantee. When it comes to accounting results and profit attribution, we need a technical tool to ensure “atomicity” and “consistency”, which is the token technology on blockchain platforms.Token has two functions:• Used as a means of measuring economic value to ensure business behaviors;• As an economic tool for measurement during the operation of the blockchain.Correspondingly, there are two scenarios in which the public chain token is used to distribute profits:• The blockchain nodes record the transactions on the chain to obtain a corresponding amount of rewards;• The blockchain serves as a platform for measuring the business behaviors and needs on the chain.For public blockchains, technical prowess aside, the biggest difference blockchain projects bring is the design of different governance models, which implement different consensus algorithms based on the node network assumption. The token design needs to serve the governance model and the consensus algorithm.The consensus algorithm serves the governance model. For public chains, there are mainly PoS and PoW:• Based on the governance assumption of the PoW consensus algorithm, the node receives the equivalent return based on the work they do, which is clear and straightforward;• Based on the PoS consensus algorithm, nodes participate in governance and form a resolution by voting, which requires an additional vote-counting tool (stake). In the design of the blockchain governance model, the stake has value, and nodes participate in governance through staking, which will be used as the cost for malicious behaviors. The stake has value and governance solutions and governance results also need to be recorded on the chain, so it is also a type of token.In this way, there will be three types of tokens in the blockchain using PoS: node profit tools, business activity tools, and governance tools. In fact, node profit is also a type of business activity, so they can be integrated into one tool.1.3 What is the dApp Token ModelThe blockchain serves those who can maintain a benign competitive environment and therefore can bring about countless dApps with business models. However, there are a limited number of blockchains and dApps often issue different types of tokens. Why? We can see it as a competition between business models and fundraising efforts.Traditional investment and financing activities need to be supported by practical business models and investment logic. The blockchain uses the token technology and the token value reflects the value of the project, which lowers the threshold of investment and financing. There have been many new “investment and financing logics”, which is what we often say, the secondary market comes first. For example, at the end of the day, ICO is actually a form of crowdfunding under loose or no regulation.On the one hand, the secondary market allows more retail investors to invest and lowers the threshold for investment; on the other hand, given the lack of operational data support from business models, it was impossible to tell apart investors and speculators so there are potential risks that investment and fundraising market might be undermined, (for example, by malicious fundraising behaviors).The token design of many dApp projects is intended for ICO. Many countries are putting policy restrictions and legal compliance requirements on ICO.1.4 Utility TokenSo far, the most common application scenario of blockchain is in the financial sector. The existing economic system is mainly based on fiat currency. Therefore, the token system and the fiat currency system need a “bridge” to anchor their value. This type of bridge is backed by fiat currency and also supports tokens, thus it can be called an application that provides token service. This type of token is mainly the stable digital currency.1.5 SummaryAt present, blockchain tokens can be put into the following four categories:• Governance token: A governance tool for the PoS consensus algorithm that has the characteristics of tokens and uses token technology.• Utility token: A value tool within the blockchain system that serves the business applications on the chain.• Security token: A value tool designed to serve the business model of the on-chain applications and the secondary market.• Application token: Application services in the form of token, usually used as a bridge between the blockchain-based economic system and the existing economic system, such as stable digital currency.Compared to existing economic tools, utility token is similar to the fiat currency of the economic system; security token is similar to the investment instrument such as securities and equity; application token includes the stable digital currency, and is mainly to link the economic system and the tokenomics system.In a complete blockchain system, the above four types of tokens are indispensable, and the use scenarios complement each other. Only the tokens that people can actually use are the tools that have real commercial compliance value. For each type of token, it is necessary to think about whether its issuance and business model make sense.In the next article, we will elaborate on the Ontology dual-token model.Are you a developer? Make sure you have joined our tech community on Discord. Also, take a look at the Developer Center on our website, there you can find developer tools, documentation, and more.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInAn Introduction to Token Models in the Blockchain World was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 08. 27

How to Develop Wasm Contrac...

Since the Ontology Wasm was launched on the Ontology TestNet, it has received wide attention from community developers as this technology reduces the cost of moving dApp contracts with complex business logic onto the blockchain, thus greatly enriching the dApp ecosystem.Ontology Wasm currently supports development in both Rust and C++ languages. The Rust language has better support for Wasm, and the generated bytecode is simpler, which can further reduce the cost of contract calls. So how do you use Rust to develop a contract on Ontology?Develop Wasm Contract with RustCreate a ContractCargo is a good project creation and package management tool for developing Rust programs that helps developers better organize code and third-party library dependencies. To create a new Ontology Wasm contract, just execute the following command:The project structure it generates is:The Cargo.toml file is used to configure project basic information and dependent library information. The [lib] section in the file must be set to crate-type = [“cdylib”]; the lib.rs file is used for writing contract logic code. In addition, you need to add dependency settings in the [dependencies] section of the configuration file Cargo.toml:With this dependency, developers can call interfaces that interact with the Ontology blockchain and tools such as parameter serialization.Contract Entry FunctionEach program has an entry function, such as the main function we commonly see, but the contract does not have a main function. When developing a Wasm contract with Rust, the invoke function is used by default as the entry function for contract execution. The function name in Rust will be confused when compiling the Rust source code into bytecode that the virtual machine can execute. To prevent the compiler from generating extra bytecode and to reduce the contract size, the invoke function adds the #[no_mangle] annotation.How does the invoke function get the parameters for transaction execution? The ontio_std library provides the runtime::input() function to receive parameters for transaction execution. Developers can use ZeroCopySource to deserialize the received byte array. Amongst them, the first byte array that is read out is the name of the invoke method, and then the method parameters.How is the contract execution result returned? The runtime::ret function provided by the ontio_std library returns the result of the method execution.A complete invoke function is as follows:Contract Data Serialization and DeserializationIn the contract development process, developers always encounter serialization and deserialization problems, that is, how to save a struct type of data to the database and how the byte array read from the database is deserialized to obtain struct type data.The ontio_std library provides the Decoder and Encoder interfaces for serializing and deserializing data. The fields of the struct structure also implement the Decoder and Encoder interfaces so that the struct can be serialized and deserialized. Sink instances are required when serializing various data types. The Sink instance has a set type field buf, which stores byte type data, and all serialized data is stored in buf.For fixed-length data (for example: byte, u16, u32, u64, etc.), the data is directly converted into a byte array and then stored in buf; for data of non-fixed length, the length needs to be serialized first, and then the D\data (such as unsigned integers of unknown size, including u16, u32 or u64, etc.).Deserialization is just the opposite. For every serialization method, there is a corresponding deserialization method. Deserialization requires the use of Source instances. This instance has two fields, buf and pos. Buf is used to store the data to be deserialized, and pos is used to store the current read position. When reading a specified type of data, if you know its length, you can read it directly; for data of unknown length, read the length first, and then read the content.Accessing and Updating Data on the ChainOntology-wasm-cdt-rust has encapsulated the operation method of the on-chain data, which is convenient for developers to implement operations such as adding, deleting, changing, and querying data on the chain as follows:Ø database::get(key) is used to query data from the chain, and key requires the implementation of the AsRef interface.Ø database::put(key, value) is used to store data on the chain. The key requires the implementation of the AsRef interface and the value requires the implementation of the Encoder interface.Ø database::delete(key) is used to delete data from the chain, and the key requires the implementation of the AsRef interface.Contract TestingWhen implementing contract methods, we need to access the data on the chain and need the corresponding virtual machine to execute the contract bytecode, so it is generally necessary to deploy the contract on the chain for testing. But such a test method is troublesome. To make it easier for developers to test contracts, the ontio_std library provides a mock test module. This module provides the simulation of the data on the chain, making it easy for developers to unit test the methods in the contract. Specific examples can be found here.Contract DebuggingDevelopers can use console::debug(msg) to output debugging information during contract debugging. The msg information will be printed in the node log. There is a precondition that the log level needs to be set to debug mode when the Ontology local test node is started.In addition, developers can also use runtime::notify(msg) to output relevant debugging information during contract debugging. This method will save the printed information to the chain and can be queried from the chain via the getSmartCodeEvent method.As a leading public chain, Ontology is one of the first projects that support the Wasm contract and is doing its bit to develop Wasm technology. At the same time, we also welcome more enthusiasts of Wasm technology to join the Ontology developer community to build a technological ecosystem.Are you a developer? Make sure you have joined our tech community on Discord. Also, take a look at the Developer Center on our website, there you can find developer tools, documentation, and more.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInHow to Develop Wasm Contract with Rust on Ontology was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 08. 25

MovieBloc Service Preview 3

This article is reposted from the MovieBloc official Medium account and has been slightly edited.With the launch of MovieBloc Beta Service approaching soon, the MovieBloc team would like to give a sneak peek of what they have been working on to the viewers who have been eagerly anticipating and cheering this project on. With that being said, the team has prepared “MovieBloc Service Preview 3”!Service Preview 1 includes the overview of Beta Service and preview 2 includes wallet function. Preview 3 will talk about ‘Individual theater” in MovieBloc Service.Individual TheaterOnce the official version of “Individual Theater” is launched, users will personally be able to curate movies. Through this service, users themselves can be curators by creating their own page and actively promoting movies based on their personal tastes or profit advantages on their personal page. Curators can select their own URL (e.g. http://moviebloc.com/CinemaParadise) and promote it on their SNS. Viewers that enter the service through this link will be reimbursed from the money they already transacted.Although there are no particular license or conditions needed to be a curator, curators that bridge promising and good movies to their appropriate audience will be considered more credible.MovieBloc will launch the Beta Service on August 26th, stay tuned!Find out more about MovieBloc here.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInMovieBloc Service Preview 3 was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 08. 23

You can now buy ONT easily ...

Ontology has joined forces with Crypto Voucher, a leading platform that offers the easiest way to buy multiple cryptocurrencies, to allow users to buy ONT instantly with multiple payment methods. This cooperation will diversify users’ options in buying ONT token with fiat.Crypto Voucher will enable users to redeem their vouchers to ONT instantly in a very simple and seamless way. Crypto Voucher allows users to purchase their vouchers at their convenience with many payment options. The Crytpo Voucher introduction video explains how buyers can easily transfer value using the following methods:1. Buy onlineBuyers can simply visit the Crypto Voucher site, click “Buy Now” and enter the details of the purchase. They can buy from an online distributor or directly from Crypto Voucher and pay with their preferred payment option. Authorized online distributors offer a wide range of payment options.2. Buy locallyCrypto Voucher provides a map containing the locations of all local vendors that sell Crypto Voucher cards. Users can load the map to find the nearest reseller if they prefer paying with cash.3. Buy with a gift cardCrypto Voucher allows users to exchange other gift cards (e.g. Walmart card, iTunes gift card) for a Crypto Voucher card.Redeeming a Crypto VoucherAfter buying or receiving a Crypto Voucher card, buyers can easily redeem the value by simply clicking Redeem on the Crypto Voucher page and enter the details (card code and your email). They will then be shown the monetary value of the card and prompted to select the particular cryptocurrency they would like to get. Then they just need to fill in their wallet address and click Enter. It’s that simple.Andy Ji, Co-Founder of Ontology, commented on this cooperation as an important step towards attracting mainstream users to the crypto space. He stated that “it will enable the mainstream users to easily access the Ontology Network, play Ontology’s high-quality games, and explore the attractive financial services and the full potential of the project.’’‘’The Ontology Network is a great project with unlimited possibilities for all kinds of businesses and most importantly it is very easy to use. We’re very happy to work with the Ontology team towards simplifying the crypto space for everyone. ‘’Said Adel Ghouma, Chief Business Officer and Co-founder of Crypto Voucher.As Crypto Voucher becomes a partner in the Ontology ecosystem, Ontology ecosystem partners will further integrate this service to generate greater synergies. It is expected that Ontology users will get direct access to Crypto Voucher service within all Ontology official channels, such as ONTO wallet, as well as partners’ channels like Huobi wallet and Math Wallet among other 20 more partners. A gaming partner from the Ontology ecosystem mentioned that the simplicity of buying crypto in few clicks with Crypto Voucher will fuel the growth of the game and attract more users.For more information, please visit https://cryptovoucher.io/Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInYou can now buy ONT easily and instantly on Crypto Voucher was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 08. 20

Minglechain is Now on the O...

Ontology is pleased to announce the partnership with Minglechain, the world’s first location-based social networking app for DLT/Blockchain professionals, companies and enthusiasts. Minglechain has already moved to the Ontology platform and users can now log in with ONT ID to try firsthand the various features Minglechain offers. This collaboration shows the strategic vision of both companies: the mass adoption of blockchain and cryptocurrency within a thriving ecosystem.Minglechain utilizes a location-based network that allows users to find specific contacts who can be engaged with through an intuitive messaging function. It has added the integration of the Ontology Decentralised Identity system amongst other features to improve the user experience. Minglechain’s MC token will also run on Ontology in order to achieve faster transactions.ONTO wallet integration will be added in the near future. The messenger wallet integration will use ONT, ONG, OEP-4 PAX, and Minglechain’s MC token for one-click payments in-app, allowing users to purchase tickets and access premium services at a discount.Since the launch of the Ontology Mainnet last year, a diverse and ever-growing blockchain ecosystem has emerged. The Ontology ecosystem will benefit from the inclusion of Minglechain’s vision of connecting blockchain professionals and enthusiasts en masse.About MinglechainMinglechain is the world’s first location-based networking app for DLT/blockchain professionals, companies and enthusiasts. its tailor-made search feature and intuitive messaging function can help users find the contacts they need with minimal effort. Users will also be kept up to date with networking opportunities such as events, making Minglechain a one-stop-shop for blockchain professionals.You can download the Minglechain app from the App Store/Google Play Store. For more information, please visit https://minglechain.com/Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInMinglechain is Now on the Ontology Blockchain was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 08. 19

The Value of Information an...

What is the Value of InformationHave you ever wondered what is at the core of the blockchain network? We can see it as the assumption of node behaviors.The nodes in the network follow the assumption of the consensus algorithm and malicious nodes will be found out and punished, thus creating a trusted blockchain network and making the applications developed on the network also trustworthy.However, we have to admit that the node accounting behavior of the blockchain network will lead to redundancy to a certain extent. As a result, the cost of recording information onto the chain will be very high. Certain conditions need to be met if general businesses are to completely use blockchain smart contracts, so blockchain applications are more suitable for high-value transactions, among which finance is most notable.So, is finance the only application scenario of blockchain? The answer is obviously no.To be more specific, we need to look at what blockchain is originally about. The blockchain network creates a benign competitive business environment, in which many high-value business scenarios are intertwined, which is also a potential service scenario for the blockchain. As the information is gradually being processed and circulated, its value also increases and users have control over their valuable data as the core of self-sovereign user data.With users’ control over their own data, combined with blockchain’s tamper-proof and traceable features, the use and flow of data become transparent, and the value of users who own the data also increases. As a result, the identity of the data and user identity can be quantified. Further, with the development of IoT technology, machines can also own data and even identities.It is in this context that the identity system of “people, assets, things, and affairs” came into being.Identity SystemAt the end of the day, the Internet is the interconnection of information, and its value reflects the value of Internet information. The blockchain is built on top of the distributed system technology and also has the characteristics of the Internet. So we can make the assumption that the value of the Internet can be realized on the blockchain.The development of the Internet goes through two phases:• Web 1.0: The creators of the information are not the owners of the information. The information is owned by the centralized information service provider, and how the information is used thereafter is not even known to the creators of the information;• Web 2.0: With centralized platforms, a peer-to-peer communication network is created. The value metric of an Internet application translates into the value that users bring to the application.In this sense, the blockchain identity system is simply the decentralized version of the account system in the centralized Internet system.Ontology hopes to apply the distributed trust of the blockchain to the ordinary Internet applications through its identity system solution.For example: if you want to go to a foreign country, you need to show your identity, such as your student visa or tourist visa as you enter the country. Customs will ask for the proof of your identity, and if you don’t have it, you are not allowed to enter that country.Therefore, whether we should trust someone should be based on standard methods, rather than individual and arbitrarily decision. For many people, they can have many identities on the Internet. Some are real and some are fake, but people on the Internet are not even aware of this.The Ontology Identity System (ONT ID) provides a complete solution for the traditional Internet application account system, giving back the control of the account system from centralized service providers to users themselves who can also manage their social network with ONT ID.In our everyday lives, people are constantly producing and consuming data. The self-sovereign ONT ID allows users to have full control over their own data and the value of data and its potential market are indicative of the value of identity.ConclusionPeople will encounter different standards of trust in different social networks, which is precisely where the value of identity lies. Since you cannot be sure under what circumstances your identity will be valuable, the process of quantification is different from a fixed trust endorsement. When we choose to trust a person, it is because we are willing to believe that person, not because that person is endorsed by others. It can be said that, to a certain extent, this is a relationship determined by the buyer and seller. Virtual identity can be used to accumulate the credibility of identity during use. Then when you need to use it, you can use it directly, instead of building up your credibility from scratch all over again every single time.In the Ontology identity system, the virtual identity is created by the users themselves, not by other people, and users can reveal different identities or part of the virtual identity to others based on their own choice.Valuable identities use and in turn create value for application services. Different applications have different target user groups and need to be more precisely targeted. The Ontology identity system extends the financial scenarios in the blockchain to the broader Internet scenarios. As the value of identity becomes higher and higher, more and more users will use ONT ID, thus increasing the transactions on the Ontology blockchain. On-chain transactions need ONG as the utility token to motivate the node network and maintain the scale of the network. More ONG transactions will also help ONG circulate faster and increase the ONG rewards for ONT node staking while maintaining the ONG value. As a result, the ONT value will go up, which brings us back to the logic of Ontology’s dual-token model.In this article, we briefly introduced the identity system in the blockchain world and the Ontology identity system. In future articles, we will share more details about ONT ID.About the Ontology Research InstituteOntology set up the research institute in order to focus more on the research and development of core blockchain technology and strengthen the ability to explore, reflect on, and apply emerging technologies, as well as make contributions to the entire industry. At present, there is more than 10 R&D personnel in the Ontology Research Institute.Are you a developer? Make sure you have joined our tech community on Discord. Also, take a look at the Developer Center on our website, there you can find developer tools, documentation, and more.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInThe Value of Information and Identity System in the Blockchain World was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 08. 18

Why the Ontology Platform S...

ForewordI am not a fan of today’s dApp ecosystems, though I understand building a good dApp ecosystem takes time.I think there are some common issues with today’s dApp ecosystems:Low-quality products (bad user experience, product logic, and customer service)Unsustainable model (no stable source of income and sustainable operation model)Inexperienced team (no experience in team management and traditional apps)Moreover, most dApp developers today have only one thing in mind:They only want to make a quick buck from their dApps and do not have a solid product iteration and financial plan.Most dApp games can’t even find their target users:Think about it. Most dApps games wish to convert game players into users who will make transactions in their dApps and in turn play their games more. In reality, perhaps only one out of 100 users is willing to both play the game and make transactions. Surprisingly, most dApps are only focusing on this 1% of users.What’s more surprising, dApp platforms even encourage dApps to do so.The main aim of this article is to debunk the false claim of some dApp platforms that “they are the top 4 public blockchains because of the number of dApps and users on their platforms”. When you are not even clear about which token model works for your dApp ecosystem, whatever else you do will all be in vain. But some public chains even encourage dApps to falsify their data to support their thoroughly shaky claim.In this article, I want to show dApp developers what a good dApp ecosystem should look like and encourage them to start thinking about how to build better dApps so that there will be a win-win for dApp platforms, developers, and users.A Glance at Today’s dApp EcosystemsSince the emergence of the Internet and the prevalence of smartphones, application development has become a hot topic. As the blockchain technology catches on, developing dApps (decentralized applications) based on this technology has also become the choice for many developers.Why do developers develop applications? At the end of the day, they want their products to generate traffic and profit so they will have enough money to keep their projects running. The keywords here are traffic and profit.Currently, the main categories of dApps on public chains include:Gaming dApps: Gaming dApps can generate both traffic and profit. But the security and trust system is yet to be built. Overall good for the platform;Games: Games can generate neither traffic nor profit and are solely supported by the subsidies from the platform. Fake data is rampant and games are no good for the platform;DeFi: DeFi dApps can generate profit and support their development. Their mid-to-long-term operation capability is yet to be proven. Overall good for the platform;Utilities: Utility dApps can generate traffic but may have difficulty supporting themselves. Overall good for the platform in the middle and long term.To draw more developers, many public chain projects have rolled out their own dApp incentive plans. These plans are mostly the same in that they are aimed to attract more developers to develop dApps on their chains, which can bring more users and traffic, and in turn more transactions on the chains. On the other hand, why would developers want to develop dApps on these public chain platforms? Yes, they need the financial, operational, and marketing support from public chain projects. But another big reason is that they need the user base on these chains, whether they are technical users or token holders. In this way, dApp developers don’t need to worry about no one will use their dApps and they can generate traffic at low cost.Something is wrong here. Yes, you are right. The dApp platforms and dApp developers want exactly the same thing from each other.Now how could this possibly work out? Since dApp platforms can’t give dApp developers what they want and vice versa, it is impossible for them to work together, let alone generating traffic and profit.You might say this is not contradictory since they can generate some new users for each other and can share their resources. Let’s see how it works in reality.On public chain platforms with the single token model, we can think of two scenarios.§ Scenario 1:Since you need token to make transactions in dApps, when users use the dApps frequently, then according to the demand curve, the demand for the tokens will go up, thus the token price will rise.As token prices rise, users will not want to spend the token they bought on the open market in the dApps because doing so will increase their cost. As a result, no one will want to use dApps. With no traffic and profit, the dApps will die.§ Scenario 2:When both the token price and demand go up, the chances are transactions in the market will probably increase and thus push up the supply. According to the curve below, we can see that when both the supply and the demand are increasing, the token price remains unchanged.In this case, users would think that they can’t benefit from using the dApps and there is no potential profit in sight. With no users willing to use the dApps, developers will have no incentive to continue developing because they can’t see their profit increasing. As a result, the ecosystem will stagnate. With no profit and no product iteration, the dApps will eventually die.If the quality of a public chain depends on the number of dApps or the dApp ecosystem on it, as one project claims, then I don’t think this project can go very far under the above two scenarios.We can, therefore, come to the conclusion that only in the extreme case and under the assumption that the dApps are good with clear business logic and operation can they survive. However, in the early stages of the blockchain industry, this is next to impossible.Conclusion: the single token model is not suitable for the development of dApp ecosystem.What About Dual-Token Model?Under the dual-token model, the profits of dApp developers come from dApp users.Take Ontology’s dual-token model as an example. Ontology uses both ONT and ONG. The profits of dApps are in ONG, which is automatically generated for ONT holders for free. This means users are able to use the dApps almost without any cost. Moreover, in game or DeFi dApps, there is even a possibility of making a profit. Therefore, ONT holders will always have a free pass to the Ontology dApp platform and they can use the automatically generated ONG to contribute to the dApp ecosystem. When there are more transactions on the chain, the demand for ONG will go up and so will the price, thus driving up the price of ONT (as explained in my previous article about Ontology’s dual-token model). As a result, the assets of ONT holders will appreciate so that they can possibly earn more “free” ONG. Eventually, developers will have more profits to continue developing new dApps.Under the dual-token model, the problems under the two scenarios above will no longer exist and we will instead see a sustainable dApp ecosystem.You might ask what if the ONT price goes down? Would people still want to use the dApps on Ontology? If the ONT price falls, ONT holders will be more willing to stake their ONT into the Triones nodes to earn ONG rewards. Now when they have more ONG, why not use it in the dApps on Ontology?So I think the dual-token model will fit well into the dApp ecosystem and can achieve a win-win for dApp developers, users, and dApp platforms. dApp developers no longer need to scratch their heads and wonder how to make money out of users, which would be too difficult. All they have to do is to make a good profit with dApp platforms and users and focus on developing their dream dApps.You might say some dApps on Ontology are not as good as they cracked up to be. I agree. Just as I said before, Ontology can provide users with ONG to spend on dApps and easy access to dApps on our platform, but if your dApp is so bad that no one wants to use it, then there is really nothing we can do. After all, only when you are putting real effort into your products can you be recognized by users.I’d like to use the chart below to show why Ontology’s dual-token model is better for the dApp ecosystem:The Advantages of Ontology’s Dual-Token Model in One ChartAs we can see in the chart, under the dual-token model, each of the three parties reinforces each other, making a virtuous circle. As a result, there will be a win-win for all sides.AfterwordOntology will soon release its new dApp incentive scheme and we wish the new incentive scheme can usher in the dApp ecosystem 2.0 in which more phenomenal dApps will emerge.At the same time, Ontology will also launch a platform similar to that of Blockstack for incubating high-quality dApps. We will work with universities, technical communities, and traditional game developers, such as ROIT, Blizzard, and Bluehole, to produce more killer dApps.We welcome you to join the Ontology ecosystem and together we can achieve a win-win for all.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInWhy the Ontology Platform Should be the Choice for dApp Developers was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 08. 16

How does Ontology’s Multich...

ForewordAs a distributed ledger technology, blockchain can be used in various sectors, such as finance, health care, supply chain, and asset management. However, limited throughput and scalability and network isolation prevent blockchain projects from better serving business applications. Among these limitations, network isolation hinders the collaboration between different blockchains and significantly limits what blockchain can do.IntroductionIn the previous Tech Point articles, we gave a detailed introduction to the 6 components of the Ontology multichain design and how do they work. We believe these articles will help you gain a basic understanding of the Ontology multichain design.In today’s article, we will introduce the problems and challenges today’s cross-chain solutions are facing and what Ontology has done to overcome them.Side-Chain Malicious ActAn important security issue involved in cross-chain interaction is how to prevent side-chain validators from acting maliciously——side-chain malicious act.In Cosmos, side-chains are an autonomous system, and side-chain validators are elected by the side-chain itself; whereas in Polkadot, the side-chain validators are managed by the Polkadot main chain. Whether the election is autonomous or decided by the main chain, a fundamental problem is that these side-chain validators are not necessarily reliable. If the asset value of the interacting chains is greater than the value of the validators’stake on the main chain, the validators will have enough motivation to act maliciously.For example, a dApp developer deploys smart contracts on both the main chain and the sidechain, hoping to achieve cross-chain asset interaction. When dApp users transfer a part of their assets to the side-chain, the side-chain validators can directly transfer the assets to themselves if they find out that the asset value is greater than the value of their stake on the main chain. Then they can transfer the assets onto the main chain and sell them on the exchange.Of course, the side-chain validators’stake on the main chain will be used to compensate the users. Nonetheless, if the value of users’assets is greater than the value of the validators’stake on the main chain, then there is a high possibility the validators will make a colluded attempt to steal the assets.How Malicious Act is PerformedExisting cross-chain solutions mostly adopt Merkle Tree Proof, that is, side-chains will generate in each block a State Root containing the state of all the transactions in the current block, and side-chain validators will sign that State Root. When a cross-chain transaction is taking place, the cross-chain state can be validated by validating the State Root.If the asset value of the interacting chains is greater than the value of the validators’stake on the main chain, then the side-chain validators can forge a State Root based on the current block, which means they ignore the executed results of the current block and create a State Root in their favor, so as to steal users’ assets locked on the main chain.How to Prevent Side-Chain Malicious ActIn response to the inconsistency of State Root of the current block, we can set a challenge period during which anyone can do the following:(1) Submit the block where the malicious act takes place;(2) Submit the previous state proof right before the malicious transaction;(3) Submit the malicious smart contract;(4) Check whether the State Root generated in the corresponding virtual machine is consistent with the State Root of the current block.We can see that validators act maliciously by making a colluded attempt to forge a State Root in the current block and the transactions in the block cannot be altered as user signatures cannot be forged. Based on this, we have come up with an idea to solve this problem. During the challenge period, if a malicious transaction is spotted, we can run the malicious block, transaction in the block, the previous state of the transaction in the block, and the malicious smart contract on the corresponding virtual machine, and then compare the State Root generated to the State Root of the malicious block to see if that State Root is valid or not.In the meantime, whether there are cross-chain transactions taking place or not, the Relayer will monitor the side-chains in real time. If the Relayer discovers that there are two block headers at the same block height or the State Root of the current block header is inconsistent with the State Root that is actually in operation, it can immediately submit the proof to the main chain, prove the malicious behavior on the side-chain, and receive the incentives the side-chain validators staked on the main chain.We can see that the method of validating the State Root in the block is quite complex, especially for heterogeneous chains. In addition, the challenge period is not user-friendly enough. We will continue to improve on this solution and come up with more feasible and efficient ones.AfterwordWe have shared the details about the Ontology multichain design in several articles and we hope you now have a clear idea of what is the Ontology cross-chain solution and how does it work. Please let us know if you have any questions or suggestions.Also, the Ontology cross-chain TestNet was launched in May and we have prepared detailed Developer Manual and video tutorials for fellow developers. Try developing on the TestNet and give us your feedback.Ontology Multichain Documentation Link:Ontology Multichain Developer ManualCross-Chain TutorialVideo Tutorials Link:Ontology Multichain TestNetOntology Cross-chain Contract DevelopmentAbout the Ontology Research InstituteOntology set up the research institute in order to focus more on the research and development of core blockchain technology and strengthen the ability to explore, reflect on, and apply emerging technologies, as well as make contributions to the entire industry. At present, there is more than 10 R&D personnel in the Ontology Research Institute.Are you a developer? Make sure you have joined our tech community on Discord. Also, take a look at the Developer Center on our website, there you can find developer tools, documentation, and more.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInHow does Ontology’s Multichain Design Prevent Side-Chain Malicious Act was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 08. 14

MovieBloc Beta Service Prev...

This article is originally posted on the MovieBloc official Medium account and has been slightly edited.Recently, MovieBloc, an Ontology-incubated decentralized movie and content distribution platform from South Korea, released the functions of its Beta Service. In the previous article, we had an overview of the Beta Service. In MovieBloc Service Preview 2, more detailed information on MovieBloc’s service and the wallet function will be shared.Preview 1 includes the overview of Beta Service. Preview 2 will cover wallet function, and Preview 3 will talk about ‘Individual theater” in MovieBloc Service.Beta Service WalletBeta Service function and InterfaceAbove is an example (i.e. Jason Born) of Beta Service’s wallet function. Users can see their token balance, estimated revenue and total revenue here.During the Beta Service, all applicants will be provided with free MBL tokens. This is a one-time event to enable the users to try the movies on the MovieBloc platform. The MBL tokens provided will be rebooted before the official service launch.For the official service launch, users can be rewarded by contributing their expertise such as writing subtitles, reviewing movies, and reporting illegal content. For the official service, MBL token and Paxos coin will be used.In order to watch premium content, users will need to pay using MBL tokens or credit cards. The revenue generated by the premium content will be distributed in PAX. (same for the advertising revenue generated by the free content; it will be paid with PAXOS coin.) Rewards earned from the participant’s contribution on the MovieBloc platform will be credited to them on a daily basis. However, payments will be sent out at the end of 14 days after dealing with several aspects of these activities such as the settlement of payments with credit cards, advertisement revenue, cancellation fee, copyright violation, etc.Activities such as writing movie reviews and reporting illegal content will be rewarded with MBL tokens. When users fulfil certain requirements, they will be rewarded right away. More detailed instructions will be released regarding this before the service’s official launch.MovieBloc team will test the functionality and quality of the service in a global setting. Thus, the team needs help from beta testers as this is the best way to get real feedback from real users, which will certainly help improve service delivery and ensure valuable user experience.MovieBloc will launch the Beta Service on August 26th, stay tuned!Find out more about MovieBloc here.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInMovieBloc Beta Service Preview 2 was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 08. 13

Ontology to Partner up with...

Ontology to Partner up with 5 DeFi Service Providers in Finance and Wealth Management1. Ontology to Partner up with Babel Finance in Finance and Wealth ManagementOntology has just announced its partnership with Babel Finance in finance and wealth management based on Ontology’s stable coin PAX and ONTO wallet.Babel Finance offers flexible products for Ontology’s stable coin PAX, including BABEL Current+ and Fixed+ products.“BABEL Current+”: The BABEL Current+ series provides fast and flexible withdrawal services. BabelBank is committed to achieving higher returns for users based on meeting safety and liquidity requirements. Currently, the BABEL Current+ products for PAX in ONTO, Ontology’s one-stop client, offer an annualized interest rate of 6%.“BABEL Fixed+”: By depositing in the “BABEL Fixed+” series, you can enjoy the service of fixed-term financial management of crypto assets and return to your account automatically after expiration. The PAX products can offer an annualized interest rate of up to 12%. (Ontology users can buy the products in ONTO or on Babel Finance’s website.About Babel FinanceBabelFinance is founded in July 2018 by Moonalpha Financial Services Limited, a registered company in Hong Kong. Babel Finance provides crypto-backed loans, deposit services, financing, margin trading, and other derivatives services.Babel Finance has grown into one of the largest commercial crypto banks in Asia. It exclusively works with the top mining pools in China and prides itself on being one of the most trusted and reliable crypto-finance institutions.Website: https://babel.finance/2. Ontology to Work with SALT Lending in Wealth ManagementOntology also announced its partnership with SALT Lending, a leading digital asset management company. The two sides will work together to provide high-quality, low-risk, and high-yield stable coin wealth management products for Ontology’s ecosystem projects. SALT Lending’s services are already available to the business partners in the Ontology ecosystem. Ontology users will soon be able to stake their ONT on SALT Lending’s website.SALT Lending is an industry leader in cryptocurrency loans. The partnership will help provide more secure PAX enterprise wealth management, ONT enterprise loan, and ONT spinoff sale. SALT Lending will provide convenient and comprehensive services. Under strict risk control by SALT Lending, PAX enterprise wealth management products will have a yield of up to 7%.About SALT LendingSALT Lending is a membership-based financing ecosystem. Those who own blockchain assets can take out a loan, of any size, without selling their collateral. Their Secured Automated Lending Technology is a protocol and asset agnostic architecture. If you have collateral you wish to retain, you can now borrow in an asset you prefer to spend, regardless of credit history or geographic constraints. SALT Lending is automated, cost-effective, transparent and cryptographically secure. This allows their members to plan tax events, and maintain their long position in a chosen blockchain asset.SALT Lending’s globally available asset-backed financing solution empowers liquidity providers to manage the risk of lending to a rapidly expanding, underserved and immediately addressable borrower base.Website: https://saltlending.com/3. Ontology to Partner up with LendChain in Lending and Wealth ManagementOntology also announced its partnership with LendChain, a distributed digital asset financial service platform. The two sides will work on decentralized finance to promote the Ontology DeFi ecosystem.LendChain will list ONT and PAX and users will have access to collateral loans, wealth management, and other services. Ontology will provide its blockchain technology to support LendChain in developing DeFi applications.LendChain has considerable experience in collateral and credit loans in digital assets and wealth management. The entire lending process is carried out by smart contracts, which record everything on the blockchain, including application, collateral, loans, investment, and repayment. All the information is open and transparent so that investors’ interests are fully protected.About LendChainLendChain is a distributed cryptocurrency financial services platform, which provides financing, investment, insurance, and other financial services for holders of cryptocurrencies. At the financing side, LendChain provides collateral and credit financing services, covering BTC, ETH, EOS, GXS, QKC, and other mainstream cryptocurrencies. At the investment end, LendChain has a professional investment and research team to provide a variety of investment products, such as fixed-rate and floating income investment.Website: https://www.lendchain.io/4. Ontology to Partner up with Fountain Financial in HNWI InvestmentOntology has announced its partnership with Fountain Financial, a Hong Kong-based financial service provider. Under the partnership, Ontology users can use PAX, the Ontology stable coin, to purchase investment products globally, including insurance, funds, and stocks.The partnership will help build a bridge for digital asset investors to invest in traditional financial products. The partnership will allow users to hedge against the risks of trading digital assets by investing in traditional products. Ontology will work with Fountain Financial to build a decentralized investment platform where there is no intermediary or commission, and where high-net-worth clients can buy investment products globally. Currently, there is a discount of up to 10% on the premium for insurance in Hong Kong.About Fountain FinancialFountain Financial is a comprehensive financial service provider focusing on the global investment market based in Hong Kong. With its rich resources worldwide and professional team and services, Fountain Financial provides a variety of financial products for financial advisors and wealth management companies, such as private equity, fixed-rate products, and family trust. Based on its one-stop solution covering both the sale end and the asset end, Fountain Financial is able to provide better asset allocation services for clients.Website: http://iyuanquan.com.cn/index.html5. Users can now Buy Stocks and Funds with ONT on HOXOntology has announced its partnership with HOX, a leading Chinese trading platform where users can buy stocks with cryptos. The two sides will work together to provide Ontology users with a fast and convenient way to buy stocks.Users can now use ONT to buy US/HK stocks and IPO subscriptions. HOX allows users to buy traditional investment products with digital assets so that they can better manage their portfolio. Under this partnership, users can easily use ONT to buy US/HK stocks, such as those of Facebook and Tesla. In addition, HOX also allows users to buy ETF and other products.About HOXFounded in 2018, HOX is a pioneer of token-to-stock trading platforms and has been recognized as a secure and transparent US/HK stock trading platform. The HOX team is made up of IT and financial professionals from Internet giants like Tencent and Alibaba.Website: https://www.hox.com/Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInOntology to Partner up with 5 DeFi Service Providers was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 08. 13

MovieBloc Beta Service Prev...

This article is originally posted on the MovieBloc official Medium account and has been slightly edited.Recently, MovieBloc, an Ontology-incubated decentralized movie and content distribution platform from South Korea, released the functions of its Beta Service. Users will not only be able to watch premium video content but also write comments and rate the content as the true co-builders in the MovieBloc participant-centric film ecosystem. In this article, MovieBloc prepared “MovieBloc Service Preview 1” to show the Beta Service at a glance.Preview 1 includes the overview of Beta Service. Preview 2 will cover wallet function, and Preview 3 will talk about ‘Individual theater” in MovieBloc Service.Beta Service function and InterfaceSample Image: MovieBloc Official VersionMovieBloc Beta Service includes the functions of watching movies, writing comments, and rating movies. Users will be able to watch a collection of indie and commercial films, which will be sorted out in different lists and sections. Please note that the service will open with a small number of film titles provided on a trial basis.During the Beta Service period, users can watch the movies with the free points they received upon registration. Users can also leave comments and ratings on those movies. MovieBloc and its content provider partners will get insightful data from the users’ activities on the service.On the other hand, the early testers will enjoy the movies for free. All the free points will be rebooted once the official service launches. MovieBloc will still have log-in information and view history so the users can keep the record from the beta version. Although it is not included in the Beta Service, Individual theater and Curator ranking will be added to the Official Service. Users can introduce and curate their favorite movies and content on their ‘individual theater’. MovieBloc will share more details about this in Service Preview 3.During the Beta Service period, MovieBloc will focus on Back-End stability and Front-End interface. The MovieBloc team is doing its best to make the service more user-friendly. Its goal is to bring “Mass Adoption” of MBL Token, its cryptocurrency, through a real use case in the MovieBloc service, thus creating a healthy content ecosystem.MovieBloc will launch the Beta Service on August 26th, stay tuned!Find out more about MovieBloc here.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInMovieBloc Beta Service Preview 1 was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 08. 12

How to Earn Mining Fee in t...

ForewordAs a distributed ledger technology, blockchain can be used in various sectors, such as finance, health care, supply chain, and asset management. However, limited throughput and scalability and network isolation prevent blockchain projects from better serving business applications. Among these limitations, network isolation hinders the collaboration between different blockchains and significantly limits what blockchain can do.IntroductionIn the previous articles, we introduced the key components of the Ontology multichain design, the block header synchronization contract, and the cross-chain management contract, through which cross-chain transactions are validated. In today’s article, we will introduce the ONG(x) contract, dApp contract, and Relayer. The former two are contracts that carry out cross-chain business while the Relayer is responsible for synchronizing cross-chain messages for a certain amount of mining fee.Anyone can be a Relayer without registration, as long as they deploy an operation state information synchronization program and perform the synchronization work.ONG(x) Contract and dApp ContractONG(x) contract is an ONG asset contract that enables cross-chain asset transfer. On the basis of the ONG contract, the ONG(x) contract also added the Lock and Unlock API:Lock APIThe Lock API locks assets on the chain and invokes the cross-chain management contract, which then puts the transaction into the Merkle Tree.2. Unlock APIThe Unlock API unlocks assets on the chain. The cross-chain management contract invokes this API and sends the validated transaction parameters to the API, which then unlocks the assets based on the parameters.dApp contract is the cross-chain contract implemented by users. Apart from the business logic of users, the dApp contract also requires a certain number of APIs similar to Lock and Unlock API, which can be invoked by the cross-chain management contract.RelayerAnyone can be a Relayer, as long as they deploy an operation state information synchronization program, continually monitor the cross-chain request of cross-chain contract and the epoch switch block, and synchronize the cross-chain transactions or block headers.For each cross-chain transaction or block header, only one Relayer can submit successfully. After the cross-chain transaction is submitted successfully, the Relayer can then receive the incentives for cross-chain interaction. The Relayer does not need to stake tokens and they can decide whether to synchronize transactions with low mining fees by setting a threshold for mining fees.During the cross-chain interaction process, Relayers need to synchronize two types of key information: key block headers and cross-chain transactions. Cross-chain transaction fees are paid by users to Relayers who sync the data. Key block headers may not include cross-chain transactions, therefore there might be no one who will pay the fees for syncing the key block headers. However, since key block headers will affect cross-chain transactions during the entire round, if no Relayer will sync the key block headers, then cross-chain transactions after this key block header in the entire round will not be able to proceed. Therefore, a portion of the cross-chain transaction fees in the entire round will be used to incentivize Relayers who sync the key block headers.Figure: Transfer of Mining Fee from Main Chain to Side-ChainUsers of cross-chain transactions can submit state information themselves, or they can include a mining fee in a cross-chain transaction to entrust the Relayer to synchronize the transactions. Specifically, when the user conducts a cross-chain transaction on the source chain, it needs to lock an amount of ONG or burn an amount of ONGx as the mining fee. After the Relayer monitors the cross-chain request, it will look at whether the mining fee is higher than the threshold it set to decide whether to submit this cross-chain transaction.When it is higher than the mining fee threshold set by itself, the Relayer will submit the cross-chain transaction to the target chain. After the cross-chain transaction is successfully executed, a corresponding amount of ONG is released on the target chain or a corresponding amount of ONGx is issued as the mining fee for the Relayer who submitted the cross-chain transaction.Figure: Transfer of Mining Fee from Side-Chain to Main ChainAfterwordWe will share more about the Ontology multichain design in future tech point articles. Also, the Ontology cross-chain TestNet was launched in May and we have prepared detailed Developer Manual and video tutorials for fellow developers. Try developing on the TestNet and give us your feedback.Ontology Multichain Documentation Link:Ontology Multichain Developer ManualCross-Chain TutorialVideo Tutorials Link:Ontology Multichain TestNetOntology Cross-chain Contract DevelopmentAbout the Ontology Research InstituteOntology set up the research institute in order to focus more on the research and development of core blockchain technology and strengthen the ability to explore, reflect on, and apply emerging technologies, as well as make contributions to the entire industry. At present, there is more than 10 R&D personnel in the Ontology Research Institute.Are you a developer? Make sure you have joined our tech community on Discord. Also, take a look at the Developer Center on our website, there you can find developer tools, documentation, and more.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInHow to Earn Mining Fee in the Ontology Multichain Design was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 08. 10

How to Validate Cross-Chain...

How to Validate Cross-Chain Transactions in the Ontology Multichain DesignForewordAs a distributed ledger technology, blockchain can be used in various sectors, such as finance, health care, supply chain, and asset management. However, limited throughput and scalability, and network isolation prevent blockchain projects from better serving business applications. Among these limitations, network isolation hinders the collaboration between different blockchains and significantly limits what blockchain can do.IntroductionIn the previous articles, we explained what can the multichain management contract do and how to implement it. One of the keys of cross-chain transactions is how to validate cross-chain transactions. When the source chain initiates a cross-chain transaction, the target chain needs to validate the legitimacy of the cross-chain data. In this article, we will introduce how two chains validate the transactions on each other’s chain in the Ontology multichain design.Cross-Chain Transaction ValidationCross-chain transaction validation is realized by the block header synchronization contract and cross-chain management contract.1. Block Header Synchronization ContractThe Ontology cross-chain solution is more intuitive. The synced block headers are stored in the block header synchronization contract, and any other contract on the current chain can read the synchronized block headers from the contract. The block header synchronization contract has two APIs:a. Block header synchronization between the main chain and side-chainFigure: Key Block Header SynchronizationIn the consensus governance model of the Ontology main chain, the Ontology network switches the consensus node after a certain number of blocks, but the validator set remains unchanged during a consensus round. Therefore, if the side-chain is a homogeneous chain, then not all the blocks need to be synced, instead, only the key blocks (i.e. the epoch switch block that switches the validator set) and the block in which the cross-chain transaction takes place need to be synced. Such design greatly reduces the number of synced block headers.In the meantime, in case the key block header synchronization is not updated on the side-chain after a consensus switch epoch, and the validators from the previous side-chain consensus epoch create malicious block headers, Ontology adds side-chain consensus epoch management in the multichain management contract on the main chain. The validators on the current side-chain can alter the attribute. After the side-chain consensus epoch has ended, if there is no new key block header being submitted, then the cross-chain interaction between the side-chain and the main chain will be terminated. If the new side-chain validators find out the consensus epoch on the main chain is inconsistent with the actual consensus switch epoch on the side-chain, they can alter the attribute on the main chain, and the side-chains will be punished accordingly.b. Block header synchronization between side-chainsThe way block headers are synchronized between side-chains and between the main chain and side-chains is different in that key block header information is obtained differently. Having said that, the block header synchronization process of cross-chain transactions is the same.The information of all the side-chains is recorded on the main chain. If chain A and chain B want to interact directly, they do not need to register with each other, nor do they need to sync each other’s key block header information from the genesis block, since both of them can get the key block header information about each other from and validated by the main chain. They only need to obtain the information about the key block header that comes before the cross-chain transactions.2. Cross-Chain Management ContractWhen the dApp is processing cross-chain transactions between the main chain and the side-chain, the dApp contract first processes its logic on the source chain and call the cross-chain API of the cross-chain management contract. After the Relayer syncs the validated state information to the target chain, the dApp continues to process its logic on the target chain. The procedures are as follows:Figure: Cross-Chain InteractionThe cross-chain management contract on the source chain will assign an auto-increment ID for each cross-chain transaction, put the transaction into the Merkle Tree, and then the Merkle Root will be put into the block headers of the current block. After this, the ID and block height will be broadcast as an event. At the same time, when initiating cross-chain transactions, users need to burn or freeze an amount of ONG on the source chain as mining fees.The Relayer is responsible for monitoring these cross-chain events. When the Relayer is monitoring a cross-chain transaction, it can obtain Merkle proof on the source chain according to the ID and block height, and then submit the Merkle proof to the target chain, during which a mining fee needs to be paid.After the target chain (its cross-chain management contract) receives the Merkle proof, it will obtain and validate the completed cross-chain transaction on the source chain, and label the transaction ID as “spent”. Then, according to the cross-chain transaction parameters, it will call the dApp contract on the target chain and complete the dApp contract logic on the target chain.After the cross-chain transaction is successfully executed on the target chain, the Relayer will receive incentives accordingly. Based on transaction types, the incentives could be ONGx issued by the ONGx contract on the side-chain or ONG released by the multichain management contract on the main chain.AfterwordThe Ontology multichain design uses the block header synchronization contract and cross-chain management contract to validate cross-chain transactions and thus lays the foundation for cross-chain interaction.We will share more about the Ontology multichain design in future tech point articles. Also, the Ontology cross-chain TestNet was launched in May and we have prepared detailed Developer Manual and video tutorials for fellow developers. Try developing on the TestNet and give us your feedback.Ontology Multichain Documentation Link:Ontology Multichain Developer ManualCross-Chain TutorialVideo Tutorials Link:Ontology Multichain TestNetOntology Cross-chain Contract DevelopmentAbout the Ontology Research InstituteOntology set up the research institute in order to focus more on the research and development of core blockchain technology and strengthen the ability to explore, reflect on, and apply emerging technologies, as well as make contributions to the entire industry. At present, there is more than 10 R&D personnel in the Ontology Research Institute.Are you a developer? Make sure you have joined our tech community on Discord. Also, take a look at the Developer Center on our website, there you can find developer tools, documentation, and more.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInHow to Validate Cross-Chain Transaction in the Ontology Multichain Design was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 08. 07

Side-Chain Life Cycle Manag...

ForewordAs a distributed ledger technology, blockchain can be used in various sectors, such as finance, health care, supply chain, and asset management. However, limited throughput and scalability, and network isolation prevent blockchain projects from better serving business applications. Among these limitations, network isolation hinders the collaboration between different blockchains and significantly limits what blockchain can do.IntroductionIn the previous tech point article, we talked about the six components of the Ontology multichain design: Multichain Management Contract, Block Header Synchronization Contract, Cross-Chain Management Contract, ONG (x) Contract, dApp Contract, and Relayer.This article will focus on what the Multichain Management Contract can do and how to implement it.Multichain Management ContractThe Multichain Management Contract manages all side-chains, including side-chain index, asset status, validator staking status, and other information. The contract has the following functionalities:Side-Chain RegistrationWhen side-chains register with the main chain, they need to use their ONT ID to complete the KYC process and submit basic information such as genesis block information and stake size to the main chain. At the same time, the side-chain needs to stake a certain amount of ONG into the main chain, which is jointly staked by the initial validator of the side-chain. The amount of the ONG staked by the side-chain validators is agreed by themselves, but should not be lower than the promised total amount of ONG. Before submitting the registration information, the side-chain validators need to stake enough ONG into the main chain. If the staked amount is insufficient, the registration will fail.If there are malicious acts on the side-chain (for example, the side-chain validators increase the supply of ONGx maliciously), a corresponding amount will be deducted from the staked ONG as a penalty. The main chain governance committee reviews the basic information submitted by the side-chain, and after approving it, allocates a fund pool for the side-chain based on the amount of the staked tokens, which is used to manage the assets used by that chain to interact with other chains. At this point, side-chain registration is completed.As we can see, the ONGx assets on the side-chain are determined by the size of the fund pool on the main chain. If side-chain acts maliciously, then the staked token by that side-chain on the main chain can be used to compensate users. Therefore, to ensure safety, normally the size of the side-chain fund pool should be smaller than its staked token amount.2. Change of Validator InformationIn the event of a change of side-chain validator information, then the new validator needs to stake enough ONG on the main chain beforehand and the stake amount cannot be lower than that of the old validator. When the information state synchronization program Relayer submits the validator’s block header of the new consensus round to the main chain, the main chain verifies whether the stake amount is large enough. If not, the block header synchronization will be rejected. Otherwise, the ONG staked by the old validator of the side-chain will be unlocked after the validator’s information has been changed twice.3. Cross-Chain Asset ExchangeAfter the side-chain has been registered, users can lock their ONG on the main chain into the fund pool of the side-chain registered with the main chain in exchange for the assets on that side-chain accordingly.Figure: Cross-Chain Asset ExchangeAfter users lock their ONG on the main chain into the fund pool of the side-chain registered with the main chain, the main chain will generate the corresponding IOU information. If the fund pool on the main chain has been filled up, then the locking fails. If the locking is successful, then the Relayer or users can release the corresponding amount of ONGx based on the IOU information generated by the main chain. Reversely, if users burn ONGx on the side-chain, then they can release the corresponding amount of ONG on the main chain based on the IOU information generated by the side-chain.4. Side-Chain Asset ManagementIf the sidechain wants to increase the capacity of the fund pool on the main chain, it can increase its staked amount on the main chain and submit an application to the main chain. If its application is approved, then its fund pool will be enlarged and the asset supply on the side-chain will be increased accordingly.Similarly, if the side-chain wants to reduce the capacity of the fund pool on the main chain, it can submit an application to the child chain. If its application is approved, then its fund pool will be reduced and the asset supply on the side-chain will be decreased accordingly. Please note that the staked amount corresponding to the lower limit of the sidechain fund pool capacity is not allowed to be less than the total amount of ONG currently locked by all users.5. Side-Chain LogoutIf the side-chain needs to log out, it needs to submit a logout application to the main chain and there will be a challenge period, during which users can convert the assets on the sidechain back to the main chain. After the challenge period, any unconverted ONGx on the side-chain cannot be transferred back to the main chain.AfterwordWe will share more details about the Ontology multichain design in future tech point articles. Also, the Ontology cross-chain TestNet was launched in May and we have prepared detailed Developer Manual and video tutorials for fellow developers. Try developing on the TestNet and give us your feedback.Ontology Multichain Documentation Link:Ontology Multichain Developer ManualCross-Chain TutorialVideo Tutorials Link:Ontology Multichain TestNetOntology Cross-chain Contract DevelopmentAbout the Ontology Research InstituteOntology set up the research institute in order to focus more on the research and development of core blockchain technology and strengthen the ability to explore, reflect on, and apply emerging technologies, as well as make contributions to the entire industry. At present, there is more than 10 R&D personnel in the Ontology Research Institute.Are you a developer? Make sure you have joined our tech community on Discord. Also, take a look at the Developer Center on our website, there you can find developer tools, documentation, and more.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInSide-Chain Life Cycle Management in the Ontology Multichain Design was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 08. 06

EOSeoul to Move Neoply’s nB...

Ontology has just announced EOSeoul as a new ecosystem partner and the two sides will work together in technology, product, and marketing on nBlocks Hunt, a new blockchain mobile game recently developed by Neoply, a Seoul-based startup accelerator and the operating entity of EOSeoul.A classic title developed by the Neoply team, nBlocks Hunt is a location-based blockchain AR app that allows players to find and earn digital assets in the physical world. Now, the Neoply team is planning to move nBlocks Hunt to the Ontology blockchain. Under the partnership, Ontology will provide the underlying blockchain technology to help Neoply and EOSeoul move and operate the game smoothly, thus further enriching the Ontology dApp ecosystem.Neoply is a well-known startup accelerator under NEOWIZ, a large South Korean online game company and has supported more than 100 startups. It is also the operating entity of EOSeoul.Founded in 1997, NEOWIZ has released a series of hit titles, including TapSonic, CrossFire, Alliance of Valiant Arms, Rockman Online, and R2Beat.For more information, please visit NEOWIZ’s website, EOSeoul’s Medium, and nBlocks Hunt’s website.About EOSeoulEOSeoul is a subsidiary of NEOWIZ Inc., one of the top video game developers and publishers based in South Korea with a history of over 20 years. The EOSeoul team is currently working on dApp games with AR technology. It is dedicated to creating a blockchain playground where players can have easy access to high-quality games.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInEOSeoul to Move Neoply’s nBlocks Hunt onto Ontology was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 08. 06

Ontology to Partner up with...

Today, Ontology announced its partnership with BLUCON, a Korean commercial infrastructure blockchain project focused on digital asset payments. The two sides will work together in various scenarios, including everyday spending and cross-border payments. The cooperation will also cover DeFi and wallet.Statistics show that each South Korean has 3.6 credit cards on average and credit card spending has become very commonplace in the country. BLUCON has many years of experience in payments, supporting transport cards in South Korea, smart travel cards in Southeast Asia, and EMV debit/credit cards. The BLUCON card is issued by the second-largest smart card issuer in South Korea and is recognized by the financial authority in the country. Similar to general-purpose prepaid cards and Hong Kong’s Octopus card, the BLUCON card is a convenient alternative to cash in South Korea and is accepted by more than 210,000 retailers in the country, such as convenience stores, public transportation, and entertainment.BLUCON currently supports remittance and withdrawal services and offers two payment methods: digital asset and fiat payment. In the partnership, Ontology’s stable coin PAX will be displayed in the form of loyalty points in the BLUCON system and its price in transactions will be consistent with the price on exchanges. BLUCON points will be converted to the Korean Won at a ratio of 1:1.Speaking on this partnership, Sabrina Kim, CEO of BLUCON, said “Ontology is one of the earliest blockchain projects in the world and has a large international community. Ontology’s technical prowess is also widely recognized. The MOU marks a new beginning of the integration between Ontology’s blockchain technology and BLUCON’s payment platform. We aim to empower crypto-asset holders in their everyday lives and provide solutions for the blockchain industry through the integration of BLUCON’s technology. With Ontology’s blockchain technology, the two sides are going to shape up the landscape of the blockchain industry and promote the early adoption of the payment solution globally.”Jun Li, Founder of Ontology, said “BLUCON can serve a variety of everyday use cases, whereas Ontology is committed to providing a higher level of trust for people, assets, things, and affairs through distributed trust framework and decentralized technology. The two sides see eye to eye on each other’s strategies for real business and we look forward to bringing about more innovation to the Korean market and the global market at large through the integration of Ontology’s stable coin PAX, DeFi, and other applications. We will also help transform and upgrade traditional industries with cutting-edge blockchain technology.About BLUCONBLUCON is a blockchain project that designs a technological and commerce infrastructure that will allow crypto-assets to become spendable cash instantaneously. With its proprietary exchange platform, any digital asset exchange can plug into its B2B suite, allowing its traders and investors to load their cryptocurrencies directly into the BLUCON card and spend them at any of BLUCON’s 210,000 retailers in Korea. BLUCON’s technology is also compatible with a suite of smart payment and travel cards in Asia, such as Singapore’s EZLINK/NETS ecosystem, Hong Kong’s Octopus card, and more. BLUCON’s goal is to become the first B2B and B2C blockchain-based payments provider to allow for seamless transferability between digital assets and fiat currencies.BLUCON’s parent company, Blu Brain Holdings, is a legacy payments business in South Korea with a decade’s worth of experience and is well-poised to take BLUCON and turn it into an international phenomenon with its history of success, huge resources, and synergy of all its portfolio companies.Website: https://BLUCONnewsfeed.com/Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInOntology to Partner up with BLUCON in Payments and DeFi was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 08. 05

The Staking of 37,500,000 O...

At the live AMA of the first anniversary of Ontology’s MainNet launch on July 24, 2019, the Ontology core team announced that 37,500,000 ONT, 100% of the ONT amount unlocked for the core team in 2019 and 3.75% of the total ONT supply, will be staked into consensus nodes.The total ONT supply is 1,000,000,000 and the current circulating supply is 655,000,000 ONT. Now that the staking of 37,500,000 ONT has completed, the circulating supply has been reduced to 617,500,000 ONT. What implications will this have for the supply and demand of ONT and ONG? In this article, I will explain it in plain-English economics by breaking down Ontology’s ONT/ONG dual-token model.According to the demand curve in economics, we can infer that:As is shown below, when the circulating supply is 655,000,000 ONT, the ONT price is P1.Let’s first take a look at ONT’s demand curve:The staking of 37,500,000 ONT means that the ONT circulating supply in the market is reduced by 37,500,000. When demand remains unchanged while the circulating supply is reduced to 617,500,000 ONT (see S2), the ONT price goes up to P2, and P2>P1;When the ONT price is up, demand for ONT will grow and ONT transactions will increase, thus driving up the demand for ONG, the GAS in the Ontology network. We must add here that part of the rewards for the Ontology Triones nodes comes from the ONG GAS fee. As ONT transactions increase, so do the GAS fees distributed to Ontology Triones nodes. We can predict that as the rewards for staking increase, more investors will want to stake their ONT into the Ontology Triones nodes. When more ONT is staked, the ONT circulating supply in the market will be reduced further (see S3). As a result, the ONT price moves to P3 and P3>P2>P1, which means the ONT price is up again.Now the implications of the 37,500,000 ONT staking by the core team for the ONT price are very clear. What about ONG? As mentioned before, as the ONT price increases, ONG GAS will be used more frequently, thus driving up the demand and in turn the ONG price. When the ONG price is up, we can infer that:As is shown below, the initial ONG price is P1.(D2 represents the growing demand, S2 represents the rising supply, and S3 represents the decreasing supply.)Scenario 1: The demand for ONG is up while the supply remains unchanged. In this case, we will see the demand curve moving to D2. How can we assume the supply will remain unchanged? According to the Ontology dual-token model, the ONG amount generated in a given period is constant. So the ONG price moves to P2;Scenario 2: The demand for ONG is up and the supply has increased slightly. Under this scenario, we will have D2 and S2. As it takes time for ONG to be unbound, chances are the speed at which the ONG supply increases is slower than that of the demand, so the ONG price moves to P3 and P3>P1;Scenario 3: The demand for ONG is up whereas the supply is down. The reason for this is that as the ONT price rises, users who stake in the Ontology Triones nodes find that the rewards from staking are lower than trading ONT. As more users trade their ONT in the secondary market, fewer ONT is staked in the nodes. As a result, the ONG amount generated by staking or the unbound ONG amount decreases, so we will have P4 and S3, showing that the supply is down while the demand is up, therefore P4>P1.As can be seen above, P4>P3>P2>P1. The ONG price moves upwards in all 3 scenarios.When ONG appreciates, the first thing that comes to our mind is how can we get ONG? Besides staking in the Ontology Triones nodes, you can also get ONG on the Ontology dApp platform. dApps on Ontology offer a certain amount of ONG as incentives to new users. You can obtain a certain amount of ONG in these dApps and make transactions using ONG as GAS.The more people use dApps, the higher the demand for ONG. As ONG is being used more frequently and keeps appreciating, investors will naturally turn their attention to what generates ONG — ONT. When investors are choosing which digital asset to invest in, they will also consider whether that digital asset has added value besides project development and the price trend. If you buy ONT, you can make a profit by trading it and also earn rewards from the ONG generated by the ONT you hold, which is the added value ONT offers and what makes Ontology’s dual-token model stand out. We have every reason to believe that the growing demand for ONT will undoubtedly drive up the prices of both ONT and ONG.By breaking down the Ontology dual-token model, I have explained what positive implications the staking of 37,500,000 ONT will bring, we can certainly be sure that more good things will come out of this.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInThe Staking of 37,500,000 ONT Explained in Classical Economics was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 08. 03

Summary of Ontology’s MainN...

→Watch the full AMA on YouTubeOntology held its MainNet launch 1st anniversary at 11:00 on July 24, 2019 (UTC). Jun Li, Founder of Ontology, and Andy Ji, Co-Founder of Ontology, answered questions from the community during the live AMA. The questions from the community covered Ontology’s roadmap, dApp ecosystem, cross-chain solution, ONT ID, interoperability, etc. Below is a summary of the AMA.The transcript has been slightly edited for readability.Questions & Answers:1. Is Ontology’s development lagging behind the roadmap in its white paper?Jun Li: Actually, we have achieved all the milestones following the roadmap in the white paper last year. As we reviewed the 2018 white paper, we found that Ontology is the only public chain project that has launched MainNet on schedule.And in the development of some core technologies, such as sharding, cross-chain and multi-layer solutions, we are even ahead of the schedule and achieved much more beyond our white paper and roadmap.This month, we released 3 new white papers, including the Ontology Framework White Paper, the Infrastructure White Paper, and the Trust Framework White Paper.2. I know that the rewards for dApp developers on the Ontology platform are very good. Is dApp market one of the goals of Ontology in the near future?Andy Ji: Ontology is aiming to build a blockchain network capable of serving all businesses. dApp market is a great container of new crypto users. Now we are focused on gaming, DeFi, and the attention economy (like content platform, live streaming, and advertising trade). We will continue to explore more high-quality cases and launch products that can be widely adopted. By the way, we highly value our dApp developers. That’s why we launched the dApp incentive scheme.Moving forward, we will help more developers to empower our community and ecosystem, for instance, in fund-raising, marketing or listing on the exchange.3. Why is Ontology’s cross-chain solution better than that of Polkadot and Cosmos?Jun Li: We cannot say better. We have developed specific functionality or features which will make the use and application of blockchain protocol easier for different scenarios or situations. For example, currently most blockchain protocols focus on asset exchange, but in real business, there are many different business processes. The whole process may involve different steps and different chains. You will need protocols to complete transactions and business processes. The solution uses the Ontology blockchain as the main chain and supports both homogeneous and heterogeneous blockchains. It allows interaction between the main chain and side-chains, and also between side-chains.Just as our slogan “Ready for All Businesses” says, our cross-chain protocols will support more different scenarios, traditional real businesses, instead of digital asset exchange only. This is why we wanted to design a cross-chain protocol for that.If you are interested in more details, you can check our cross-chain articles on Medium and the multichain design paper on GitHub. Our TestNet has already launched, you can also try to build some applications on it.4. How is Ontology’s globalization strategy going? Is Ontology planning to do compliant business in other countries?Andy Ji: To be honest, Ontology is a real global community-driven project.Right now, our communities cover 18 languages and our fans are able to find the Ontology base at any corner of the world. In the United States, Europe, and South Korea, we have set up full-time local teams. Moving forward, we will further expand markets and influence in Southeast Asia, Latin America, and other fast-growing regions. We will continue to promote our services and products in the near future.In the past year, we have traveled all around the world. We co-hosted a hackathon with Microsoft and held events in Tokyo, Seoul, Saigon, Singapore, and Jakarta. In Europe, our journey covers cities like London, Amsterdam, Dublin, and Madrid. In North America, we have also seen footprints of Ontology developers in Toronto, San Francisco, New York, Seattle, Boston, and Washington D.C.We are planning to enter the Japanese and US compliance markets. We have cooperated with Gumi, a Japanese publicly listed company and kept contact with JVCEA and JFSA. I hope we will see the top public chain in Asia — Ontology, being listed in the Japanese market.Meanwhile, many of our co-builders in the US are big companies that will help Ontology enter the US market. We have discussed with the biggest US exchange for a year. I hope we can move forward with the US and Japanese regulators in the near future.5. We know Ontology is working on a distributed identification protocol. How does Ontology’s solution prevent user data from being abused by Internet giants like Facebook, Google, and Snapchat?Jun Li: Unlike other projects who have a lot of dApps and build their identity solutions based on them, Ontology thinks that identity solution should be at an infrastructure level or as a functionality. We built the Ontology DID — ONT ID, a DID protocol. dApps can use its protocol directly. Decentralized identification enables users or individuals to control their own identity and verification information directly. Based on that, you can link different data sources by yourselves. The data sources can be from centralized data source verification providers and also from decentralized platforms like owners of social networks or of personal data. The difference is that all your personal data will not be on the blockchain. The data will be kept in their original source. You have the control of whether to send data to specific users or peer-to-peer every time you want to use the data.The benefit for this is that you can not only have your data kept in their original source but also meet the regulatory requirements such as GDPR. The platform should not collect the data directly. You should let users take control. That is a new model for users to control their own identities and data as well.This is a new solution compared to Internet giants like Facebook. We believe that the DID protocol will be widely adopted in the next phase.6. Is ONT going to have interoperability with other public blockchains, if so, who are they? Will we be able to see a multi-token supporting ONT wallet?Andy Ji: Certainly Yes. We have already supported multiple native coins and different tokens in our ONTO wallet. We have just released ONTO 1.0.0. The new ONTO supports multiple native coins and tokens, including all ERC-20 tokens. More assets will be added in the future (both tokens and NFT assets). In our plan, BEP-2 tokens with Binance Chain, Kakao Klaytn, Facebook Libra coin and Bitcoin are all on the way. I believe ONTO will become the best-integrated asset/identity/data decentralized one-stop client. Do take a look at our ONTO wallet.7. When upcoming big events like LTC halving take place on August 6, 2019, or BTC halving takes place in 2020, miners’ reward blocks are cut in half, which will lead to rising coin prices as the demand increases. What does ONT have in mind for this issue? Is there any intention in the future for the value of the coins to be increased, as well as for the benefit of the holders?Jun Li: Token economy is quite important for the whole ecosystem, not only for the usage (utility token) but also for the token’s long-term value to show your care for your investors. Ontology has its own dual-token model, including ONT and ONG, similar to NEO’s dual token model. ONT is used for governance (the supply is fixed) and ONG for utility (fixed supply also with recycling usage). All consumed ONG will be rewarded to ONT holders. ONG is the utility token of the network and is used for token transactions, network storage, deployment and execution of smart contracts, and use of other network resources. ALL spent ONG will be returned to ONT holders again under a recycling model. The incentives for ONT holders will increase when there are more dApps, asset exchange, and smart contracts.ONT’s fixed supply will help keep its long-term value. ONG’s recycling process also helps keep its value stable and the gas fee low which will be beneficial to dApp developers and ecosystem partners.Compared to other token economies, Ontology’s dual token model is one of the best models. I hope that more and more people can understand the value behind the token.This model makes sense as the demand for ONG leads to higher demand for ONT, and the value of ONT will increase as it is being adopted by more and more businesses.8. I’d like to ask a question about the Ontology ecosystem. There are few high-quality decentralized applications on blockchains today. I’d like to know what Ontology’s focus is when it comes to dApps on its platform?Andy Ji: As I mentioned, now we are focused on game, DeFi, and the attention economy (content, live stream, and advertising trade). Ontology is aiming to improve user experience and performance and lower the barrier for newcomers. For example, the new ONT ID login feature will be integrated into dApps and wallets and linked to Facebook, Google, Twitter, and WeChat account so you can easily log in with your Facebook ID or WeChat ID, and create your first digital wallet. And dApps can run layer-2 state channels to reduce transaction costs. They can even pre-pay the transaction fees for users, so it will help users to move from traditional services to new blockchain services. We would invite more traditional users to try their first blockchain service in our wallets and on Ontology’s platform.9. Could you share more technical details about (not only the strategic cooperation you recently announced) your plan to work together with NEO? Any plans for NEO 3.0 and ONT? And in which aspect such as atomic swaps will NASH / NEX project be involved?Jun Li: This is the new cross-chain protocol Ontology and NEO are working together to develop. Actually, the project is more than that. We call it the next-generation Internet (NGI). It will integrate with decentralized storage and the cross-chain protocols and also other asset management as a whole infrastructure.For the technical part we just mentioned, the new protocols will support not only asset exchange but also all kinds of different cross-chain business processes. Unlike the other cross-chain solutions which require you to use a specific framework to build your protocols or blockchain, we can integrate with different existing blockchains without changing their protocols. They can integrate with existing protocols and even blockchain systems in the future.We will release the first version of the white paper in Q3. And in Q4, we will launch the TestNet. Also, we will have more partners joining the ecosystem. We will build a larger ecosystem for the cross-chain platform far beyond Ontology and NEO. So we want to build an ecosystem using different cross-chain protocols. They can support DEX and other business scenarios. We believe that based on our technical prowess of both Ontology and NEO and other capabilities, the cooperation and ecosystem will be more successful in the next phase. We also welcome more partners to build the cross-chain platform together.10. What business scenarios can Ontology support now? In which industries can we see the mass adoption of Ontology’s technology in the near future?Andy Ji: Our new slogan in 2019 is “Ready for All Businesses”. So Ontology aims to become the new fundamental architecture for the new digital economy. Will we do everything? The answer is NO. As I mentioned earlier, we focus on gaming, DeFi, and the attention economy.We tried to implement some use cases for some specific scenarios, but some experimental projects have failed. We were trying to bring some traditional business models to convert into the distributed business models, but some projects failed because they cannot find a good design for token economy.We won’t stop. We will keep bringing real adoption to the whole industry. For example, we have developed a loyalty-points program for Fosun Group, and our Korean core partner MovieBloc will launch a content distribution platform with 812 million users.We have already issued our fully regulated stable coin with PAXOS. For the next step, DeFi will be our focus. So we will provide debit card and wealth management products to our end users. We will try our best to lower the barrier and build a real Inclusive financial ecosystem. Thus, we can engage more traditional users to try our blockchain services in our ONTO wallet and bring more value to the whole ecosystem.11. How does Ontology solve the problem on scalability with sharding mechanism?Jun Li: Sharding is on the infrastructure level. Ontology has just finished the first sharding implementation and you can check our Sharding TestNet with reference to our technical white paper. It will improve the scalability in our MainNet infrastructure, which is Layer 1. Another kind of scalability is multiple-layer, in layer 2 or state channels. Multiple layer will also impact the decentralized level, so we need to find some balance in that. You can deploy different applications and assets. We will keep improving it.Ontology offers a highly-customized modular framework. You can consider Ontology as an enterprise-level public blockchain. We have a basket of scalability solutions. You can choose the sharding, the layer-2, and the side chain.If you are an enterprise, you can customize your product and we will offer you any scaling solution based on any requirements you have.12. What is the ONT future development plan? In the process of developing ONT is it difficult to be where you are today? Does ONT now meet formidable opponents? If so, does ONT have any plans to solve it?Jun Li: The Ontology strategy can be divided into two parts:1) Technical and infrastructure level. Just as we have mentioned, we have already made good progress in scalability on different levels, sharding, multiple-layer, and cross-chain.2) Ecosystem and real business. Just like our slogan, “Ready for All Businesses” implies, we have created the bridge to link different real businesses in different situations, even in different legal systems, such as the decentralized identity — ONT ID, and the decentralized data exchange protocol — DDXF. In the next phase, the reputation system will also be put in place. We already have many business engagements with different industrial partners from enterprise and financial institution to new start-ups.We have built our local teams in Korea, the US, and Europe. Globalization is also a very important strategy this year and we will focus on technical infrastructure and ecosystem to try to build more dApps for different industries and scenarios.13. Is your team considering coming up with a DEX which will use ONG for payment? Just like BNB in the case of Binance?Andy Ji: We already have the ONT DEX, our initial version of our decentralized exchange. We will keep improving the user experience and bringing more assets onto the ONT token. We have launched our cross-chain collaboration platform with NEO and more and more public chain leaders and projects will engage in this network, so we will bring a real cross-chain platform onto our ONT DEX. You will see more and more real native tokens on our ONT DEX. It will offer a much better and smoother user experience than the Binance DEX. Right now, the Binance DEX is slow and you have to issue your token on the Binance chain. We will have a much more powerful platform.14. As you can see the slogan “Ready for All Businesses” on the Ontology’s new website, what have we done to implement this slogan?Jun Li: Currently the Ontology infrastructure and protocol can support almost all kinds of decentralized services in different industries. The Ontology team is more focused on the infrastructure level and technical development. The majority of the Ontology team members is specialized in technical engineering and protocol design with technical or blockchain background. We are not a professional team that can cover all different industries, that’s why we welcome professionals from different industries in different regions or countries to build decentralized services or dApps on Ontology. We will provide technical and ecosystem support, as well as incubation support which will include funding, marketing, and community cooperation for those dApps or services developed on Ontology.Just as Andy has mentioned, the MovieBloc project from Korea is one of the online media applications which is incubated by us. While they are experts in their own media industry, Ontology provides the technical and marketing support so that they can focus on what they are good at. You can just focus on the business operation as we take care of the rest for you so you can easily build your own decentralized services. That’s what “Ready for All Businesses” means.15. What are some milestones to look forward to? What do you predict the largest challenges will be in the future? How do you plan to address them?Jun Li: In the past year, the challenge was mostly on the technical side, as we mentioned, scalability, stability, and security. We have already overcome or come up with solutions for some of the challenges. In the next phase, the biggest challenge in the near future would be real adoption, which means enabling one or more services or applications to use blockchain. As mentioned above, we need to work with more partners from different industries. This is quite challenging for any team, especially a technical-oriented team. However, we have already built a strong business development team, a solution team and a product management team, all of which can not only help provide better products, but also enable more business cooperation in different industries. This challenge is not only for Ontology, but also for the whole blockchain industry. But we will try our best to bring more blockchain adoption for real businesses.Andy Ji: There are so many dApps on Ethereum, EOS, and Tron. However, we saw that most of the users are not 100% real users. The lack of users is a common problem facing the whole industry. Ontology aims to lower the barrier in order to engage more traditional users. Right now, the whole industry only has a small group of crypto guys. We have to educate more people from traditional industries. The Facebook Libra project will help educate these people about the definition and benefits of crypto and we will strive to engage more people from traditional industries.16. When do you think we can use ONT as a trading currency in any country around the world?Andy Ji: Now we are providing a series of products to support payment scenarios. We have already signed partnerships with some retailers and partners in the OTA like Price Line. You can book hotels and flights on Price Line and get some discounts via ONT payment or OEP-4 PAX payment. You can use our services to pay the retailers so you can buy Starbucks or Luckin coffee very easily. We will promote our services to people all around the world. At the moment, we are focusing on promotion in some specific regions like Southeast Asia. If we can meet the requirements of the local regulations or policies, we will also promote in Europe and the US market. We will keep improving our services. After that, we will provide a gateway to converting fiat into cryptos. You can then use ONT to enjoy different types of services.17. Looking back on the day when you guys started Ontology, are you happy and satisfied with the progress you’ve made so far?Jun Li: Yeah, definitely. I am not only just satisfied, I am very proud of our whole team and the whole ecosystem, considering all the things we have achieved so far. If you look back on the past two years, Ontology has almost met all the milestones, both in technology and ecosystem development. We have kept our promises from our first day. So I am so proud of our project, our team, and our communities. I’m very happy about this, and we will keep sticking to our promises in the next year and beyond.18. Is ONT expanding its ecosystem in the Vietnamese market? If so, are you planning to cooperate with the large enterprise or cooperation in Vietnam?Jun Li: Definitely yes. One of the advantages that Ontology has is that we actually do a lot of cooperation and engagement with large enterprises, especially in China. We have considerable experience and we have very good solutions and a good business development team. We can also use these capabilities to support businesses in different countries. We believe that many enterprises in different countries want to use blockchain frameworks and technology for different scenarios. Maybe in the initial phase, most public chains wanted to build their own permissioned chains or other different kinds of solutions.But the Ontology framework and protocols can support this very easily with low and even no cost. In the future, they can also easily integrate into public chains very quickly. So I think the Ontology solution and technical services will be a very good choice for those enterprises. We are willing to support enterprises using our blockchain framework and technology. If you are interested, you are welcome to contact us.19. Do we have any plans for expansion and marketing penetration strategy in other promising continents like Africa?Jun Li: Currently we are more focused on Asia, Europe, and the North American market. Africa is also a large market. We want to do more community-led marketing work or business development work. If any community member or contributor is willing to do some contribution in Africa for Ontology, you are welcome to contact us and we will support you with resources, rewards, etc. We would love to have more community members to join us.20. Will part of the ONT be used for staking?Andy Ji: To celebrate the 1st anniversary of Ontology’s MainNet Launch, we’ve just talked with the core team and decided to stake 37,500,000 ONT, 3.75% of the total ONT supply and 100% of the ONT amount unlocked for the core team in 2019, into the consensus nodes. The decision shows the core team’s confidence in the project and the belief that Ontology will become a top-tier blockchain project in the world. It will be a good step for ecosystem development.Jun Li: Tokens allocated for Ontology’s core team have the longest lock period comparing with other public chain projects, which is four years. This staking shows our confidence in the project and our promise to build a long-term project. The team’s benefits will be linked to the Ontology project. We hope this will also bring more benefits to the community.21. Do you have any plans to work with other public chains in the future beside NEO?Jun Li: Yes definitely. Just as I have mentioned, this will be an open protocol. Ontology and NEO are the initial organizers or coordinators for this protocol. In the near future, hopefully, there will be more members to join the open protocol. It is open to everyone and all kinds of blockchain projects. We will welcome more partners to join this protocol.Andy Ji: Some regional public chain leaders like Tomochain and Icon have already agreed to join us. We will find more regional public chain leaders to engage in the TestNet. It’s time to collaborate with regional public chains and become a real network for the next generation Internet.Jun Li: This open protocol is different from other kinds of protocols which may be just a marketing event or announcement. Based on the engineering capability of Ontology and NEO, we have promised to work out the technical paper and its implementation. The cross-chain open protocol will be released very quickly, and we will develop a real application based on that as well. We are looking forward to it.22. What will Ontology be looking for when investing in other ecosystem projects?Jun Li: Ontology has a fund for that part. Since we have some ONTs allocated to our ecosystem partners, our investment in those ecosystem partners will bring more users to Ontology and help expand Ontology’s ecosystem influence. In the future, we will continue to support our ecosystem partners. If you have more projects coming that are based on the Ontology ecosystem, we would be happy to provide funding support.23. What steps are taken to facilitate the adoption, since the simplicity of the user interface is as important as the technology?Jun Li: Yeah, of course, one thing that you can see in the year is that our focus will be more on the protocol and industrial products. For the APIs, SDKs and protocols, we have built more user-friendly and easy-to-integrate protocols so that dApps and even other systems can use Ontology protocols easily.To have a better understanding of the product, you can check ONTO which has already become an open digital asset management client or wallet. We also support Ethereum tokens as well. In the future, we will support more and more different tokens. You can manage all your assets in ONTO, which now only supports digital assets, owner identity, data exchange, cross-chain, DEX and other DeFi services as well. We will build one of the best clients for individual users in terms of digital assets management and identity data management. Our product and services will become much better in the next phase.24. How do you intend to reach out to the current dApp developers from different platforms?Andy Ji: Right now, we are drawing some developers from other platforms such as Ethereum, EOS, etc. We also educate some traditional developers to user our Punica or other toolkits to easily convert traditional Apps to dApps. We have several ways to bring more developers to become dApp developers. We also have the dApp incentive schemes to support dApp developers in terms of funding, marketing, and operation. In the future, we will have a win-win model with developers and become a real global tech community. That’s our goal in 2019.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInSummary of Ontology’s MainNet Launch 1st Anniversary AMA was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 07. 30

A Short Introduction to Ont...

→ Read the full Ontology Multichain design paper on GitHubForewordAs a distributed ledger technology, blockchain can be used in various sectors, such as finance, health care, supply chain, and asset management. However, limited throughput and scalability, and network isolation prevent blockchain projects from better serving business applications. Among these limitations, network isolation hinders the collaboration between different blockchains and significantly limits what blockchain can do.IntroductionCross-chain technology is the key to realizing cross-chain collaboration and the Internet of value. Simply put, cross-chain technology is a protocol that allows two blockchains to communicate with each other. Ontology’s cross-chain solution has already been released on its TestNet. This article will briefly explain Ontology’s multichain design.But before that, let’s take a look at some of the other projects in the market.Plasma: This much-discussed off-chain scaling solution on Ethereum achieves scalability by moving transactions off of the main chain to less congested side chains. Instead of modifying the underlying blockchain protocol, the solution moves most of the computation off-chain and submits the results to the main chain regularly or when necessary to ensure finality.Cosmos: Cosmos is a heterogeneous network that supports cross-chain interaction proposed by the Tendermint team. The first blockchain in the network is Cosmos Hub, which is the Cosmos MainNet, and the other parallel chains are called Zones, which achieve cross-chain operation with Hubs through the Inter-Blockchain (IBC) Protocol. In the IBC Protocol design, before the two chains connect to each other, they need to register with each other, and save each other’s validator set and Merkle Proof, so that the receiving chain can validate the message is correct. In the meantime, different Hubs can also interact with Zones through Hub routers.Polkadot: Polkadot is a scalable heterogeneous multichain system proposed by Ethereum’s core developer Gavin Wood. It is designed to address the issue of blockchain scalability. Polkadot sees other blockchains as parallel chains and it can transfer tokens from original chains to multi-signature addresses for a temporary lock-up period, which seems to be controlled by multi-signature through relay chain technology. The result of the transaction on the relay chain will be voted by these signees to determine whether it is valid. It also introduces phishers to report and monitor transactions. Cross-chain communication can be achieved by linking Polkadot to Bitcoin, Ethereum, etc.Ontology’s Cross-Chain DesignTo improve the interoperability between blockchains and their value exchange, Ontology has proposed a lightweight, low-coupling, safe, and reliable multichain system and cross-chain solution. The solution uses the Ontology blockchain as the main chain, and supports both homogeneous side-chains and heterogeneous side-chains, and allows interaction between the main chain and side-chains, and also between side-chains. When blockchains of different structures need to interact, dApps can realize this by invoking the cross-chain management contract.Figure: Ontology Cross-chain SystemThe Ontology chain network supports interaction between the main chain and side-chains, and also between side-chains. Its cross-chain design mainly includes the following parts:Multichain Management ContractIt is responsible for registering and managing side-chains, including the registration of side-chains, state management of side-chains, and management of side-chains’ ONG staking, fund pool, and change of validator information. The contract is deployed on the main chain.When side-chains register with the main chain, they need to submit some basic information, such as genesis block header and consensus switch epoch to the main chain. At the same time, the side-chain needs to initialize the current key block header information in its own block header synchronization contract. In addition, the side-chain needs to stake a certain amount of ONG onto the main chain to prevent malicious acts (not required for trusted side-chains).After registration, an ONGx fund pool will be assigned to the side-chain. Each asset transfer to the side-chain will reduce the size of the fund pool and vice versa.If the side-chain needs to exit, it needs to submit an exit application to the main chain and there will be a challenge period, during which users can convert their ONGx on the side-chain back to ONG. If they failed to convert back, they can submit the evidence to prove the malicious acts of the side-chain. After the challenge period, the side-chain can exit and redeem the stake.Block Header Synchronization ContractDuring the process of interaction between the main chain and side-chains, and between side-chains, key block header information must be synced to validate cross-chain transactions. When side-chains interact with each other, they obtain information about the previous key block header that requires cross-chain communication from the main chain. The block header synchronization contract is deployed on the main chain and each side-chain.Cross-Chain Management ContractAll cross-chain transactions are managed by the Cross-Chain Management Contract on the source chain. To realize cross-chain interaction, dApp developers only need to follow the instructions of the Cross-Chain Management Contract. The Cross-Chain Management Contract is deployed on the main chain and each side-chain.ONG (x) ContractThe asset contract allows the cross-chain transfer of assets, which can be used as transaction fees and mining fees for cross-chain transactions. The ONG contract on the main chain supports locking and unlocking cross-chain assets, and ONGx contract on sidechains can increase and burn cross-chain assets. The ONG contract is deployed on the main chain and ONGx contract on each side-chain.dApp ContractAny dApp contract developed and deployed by Ontology developers can realize normal business logic and invoke the cross-chain method in the cross-chain management contract to achieve cross-chain interaction. It is the on-chain part of the cross-chain dApp ecosystem.RelayerA state information synchronizer that constantly monitors requests from the cross-chain contract and some key block headers, and syncs cross-chain transactions or key block headers to earn mining fees.AfterwordIn this article, we briefly introduced the main components of the Ontology multichain design. We will share more details in future tech point articles.The Ontology cross-chain TestNet was launched in May. We have also prepared detailed Developer Manual and video tutorials for fellow developers. Try the TestNet and see what you can do with it.Ontology Multichain Documentation Link:Ontology Multichain Developer ManualCross-Chain TutorialVideo Tutorials Link:Ontology Multichain TestNetOntology Cross-chain Contract DevelopmentAbout the Ontology Research InstituteOntology set up the research institute in order to focus more on the research and development of core blockchain technology and strengthen the ability to explore, reflect on, and apply emerging technologies, as well as make contributions to the entire industry. At present, there are more than 10 R&D personnel in the Ontology Research Institute.Are you a developer? Make sure you have joined our tech community on Discord. Also, take a look at the Developer Center on our website, there you can find developer tools, documentation, and more.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInA Short Introduction to Ontology’s Multichain Design was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 07. 29

FAQ on Ontology Core Team’s...

In a live AMA on YouTube on July 24th, 2019, Ontology’s Founder Li Jun and Co-Founder Andy Ji announced that the Ontology core team decided to stake 37,500,000 ONT, 100% of the ONT amount unlocked for the Ontology core team in 2019. We are pleased to announce that the staking has completed.Since the announcement, we have received some questions from the community. To keep the community better informed, we have prepared the following FAQ.What is the staking amount? Where can we see the staking information? And when was the staking completed (at which block height)?The staking amount is 37,500,000 ONT. The amount equals to 100% of the ONT amount unlocked for the Ontology core team in 2019 and is 3.75% of the total ONT supply. The details are as below:1. Transaction hash: e187c0ba86c74645de3cc0bb9f75bb0f48a87123f039118262246de1af5c8692Block height: 5896843Stake amount: 3750000 ONTWallet address: ATmZZkN1YKftT2UAC1JQEGcTuT3z5Qq4PC2. Transaction hash: 0caf0d121ab0a88e96a903ffb9e63dd5302e9f1395527bc943647f31f046c6ecBlock height: 5896816Stake amount: 2500000Wallet address: ATmZZkN1YKftT2UAC1JQEGcTuT3z5Qq4PC3. Transaction hash: a521edc10760e6700b456cb287876bcaf4e2694d3db2b867a3541150b41b0f50Block height: 5896810Stake amount: 2500000Wallet address: ATmZZkN1YKftT2UAC1JQEGcTuT3z5Qq4PC4. Transaction hash: 8002b31d1a7dcb14f04cd557c7fada8d56a4edc980a2bb3688121a97d2f94b1cBlock height: 5896019Stake amount: 1500000Wallet address: ANZH6McmwUKABVKRbduGXfbbqhaz6Fxokd5. Transaction hash: 235f90622d920e6d50f921dfc46395b4af936d139d6b723702e4e08fddba4870Block height: 5896015Stake amount: 4000000Wallet address: ANZH6McmwUKABVKRbduGXfbbqhaz6Fxokd6. Transaction hash: f410045af7196350b6faa0ea5bc2b11e03c410aaebb0f9bf357abb14439a01b5Block height: 5896010Stake amount: 3000000Wallet address: AMgqgcQADQ8v7AcCeHia92vneRzhX1FMG47. Transaction hash: 26d3805445b50faa93fc93e9f9c3c0b19714d707ef6f26ae3838c4795d6cd07aBlock height: 5896002Stake amount: 2500000Wallet address: AMgqgcQADQ8v7AcCeHia92vneRzhX1FMG48. Transaction hash: cc6178f1c46338e23fd30573b3e37a63424e9dcb8425c7714ef492108e8f5e2aBlock height: 5895980Stake amount: 3000000Wallet address: AUtZgQxZQwnmzPa68zAphyxyByGFh9kDK49. Transaction hash: 134f9078d8d358d961bf1b5ee191104b4cc8dfcc448c2250513e1d88af8ceff7Block height: 5895972Stake amount: 2500000Wallet address: AUtZgQxZQwnmzPa68zAphyxyByGFh9kDK410. Transaction hash: 1771d61876584139316a105dbd5cc67fe0fbfa8e6b952ddbc1e358d23c7c421aBlock height: 5895943Stake amount: 3000000Wallet address: AbYiPDZLGD4qPzkx4b3fhDQUhaRWVJbyGd11. Transaction hash: 6f1097215e15b15263a61375494b0f3f4347a11252cadde571d0daa440266b94Block height: 5895936Stake amount: 2500000Wallet address: AbYiPDZLGD4qPzkx4b3fhDQUhaRWVJbyGd12. Transaction hash: d489df6269c071e334ea67226818106fd50775387bc77d31037f076844def6edBlock height: 5895900Stake amount: 3000000Wallet address: Ado2HUiKWwAfHGpoE4cWKSpzyAx99zQEX913. Transaction hash: d557f03200785f4208eec2a89840001c74bf63e7709bf66e891abda4b021e142Block height: 5895886Stake amount: 2500000Wallet address: Ado2HUiKWwAfHGpoE4cWKSpzyAx99zQEX914. Transaction hash: da7eab98f9aa89f5fdf5a0d491266a4b524398d2cb3cd58d6a9c9685752fe0deBlock height: 5892343Stake amount: 1200000Wallet address: ALWoJhgTY2j2SGg4bM5eBp7LeCrC9sp7Cc15. Transaction hash: e07f6c848d9579a80fb942bb4c1ecc8cd19f16bc47f5077162d1b4679310e49eBlock height: 5903955Stake amount: 50000Wallet address: ALWoJhgTY2j2SGg4bM5eBp7LeCrC9sp7CcWhere are the 37,500,000 ONT staked?The 37,500,000 ONT are staked in the Ontology consensus nodes.How long will the ONT be staked?The team intends to stake this ONT amount for a long time. The team is dedicated to growing the Ontology DeFi ecosystem and the number of active users and transaction volumes.How are the 37,500,000 ONT staked? (How many ONT are staked in each consensus node?)The 37,500,000 ONT are staked in the Ontology consensus nodes. You can see the staking information at https://explorer.ont.io/ or in OWallet.Will the staking of the 37,500,000 ONT dilute the rewards for staking users?Staking from the core team will not receive additional foundation rewards. The rewards distributed to staking users are decided by the node reward distribution system. The core team will not withdraw ONG rewards.How does the staking benefit the project and ONT holders?The staking first shows the core team’s confidence in the project and can reduce ONT circulation in the market. In addition, this is good for the long-term development of the entire Ontology ecosystem and enables the team to focus more on DeFi, game, data asset exchange, and other sectors.37,500,000 ONT is a big amount, why did the core team decide to stake them?The Ontology team has always focused on the long-term goals and growth of the project. The staking makes it clear that instead of short-termism, the team is committed to building a trust collaboration platform and a trust ecosystem.After the staking period is over, where will the 37,500,000 ONT go?The 37,500,000 ONT will be back to the core team.Why did the team stake the ONT instead of locking up the ONT?Staking is beneficial to the development of the Ontology ecosystem. Moreover, node information is open to all and fully transparent. Anyone can check the information anytime.How will the staking be regulated?Based on the innate features of blockchain, staking information is open to all and fully transparent. Anyone can check the information anytime and point out any irregularities.Do let us know if you have any other questions, thank you for your support.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInFAQ on Ontology Core Team’s Staking of 37,500,000 ONT was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 07. 26

You can now use ONT to book...

Ontology is pleased to announce its partnership with Tripio, a leading travel blockchain project, on customer payments with ONT token. Tripio will connect ONT to its payment system, enabling customers to book and pay at more than 450,000 hotels all over the world with ONT. Besides, Ontology and Tripio will strengthen cooperation in the cryptocurrency credit card and protocol development based on the Ontology network.Blockchain technology creates new opportunities for the travel and accommodation sector. Based on its tamper-resistant blockchain technology and smart contract support, Ontology is helping Tripio move payment, transaction, rating, complaint, and dispute resolution process onto its smart contract platform. Thanks to the partnership, transactions recorded on blockchain can be tracked by anyone, which improves efficiency and reduces operational costs.Wesley Shen, Tripio CEO & Former SVP of Elong (Leading OTA in china) said: “The cooperation with Ontology will greatly enhance the influence of Tripio in the global cryptocurrency market. We look forward to working with Ontology in cryptocurrency credit cards, dApp expansion, and large scale commercial use.”Andy JI, Co-Founder of Ontology, said: “Ontology provides a general-purpose infrastructure platform for various industries and business scenarios. The partnership with Tripio is another big step towards that direction. We will continue to make people’s everyday life more convenient with our blockchain technology.”From today to August 1st, users can receive 5 times of cashback in TRIO, you can visit Tripio’s official website for more information.About TripioTripio is the first travel blockchain project in the world. Tripio has successfully integrated all processes of the lodging services such as listing, booking, payment and dispute resolution on-chain with smart contract, and achieved the excellent practice of decentralization in the trillion sized markets of travel and accommodation. Now, Tripio (token ticker: TRIO) has been listed on OKEx, Huobi Global, Bittrex, Bitfinex, Huobi Korea, Coinw, Hcoin, Ethfinex. Go to http://trip.io for further information.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInYou can now use ONT to book 450, 000+ hotels worldwide on Tripio was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 07. 25

Ontology Global University ...

Ontology will soon hold a series of workshops at universities around the world. The workshops are aimed to help university students worldwide deepen their understanding of blockchain technology and equip them with the necessary knowledge for the future world.The first stop of the workshops will be in South Korea. Ontology will run a number of blockchain courses and share the latest developments of Ontology and the blockchain industry at large. Ontology’s Founder, Co-Founder, technical experts, and core developers will share their insights and answer questions from students at the workshop.So what makes this course stand out from other blockchain courses? What can this course offer? Let’s find out!1. Business-orientedThe Ontology network is specifically designed for businesses. For example, the Ontology sharding design serves business contracts and the cross-chain solution is used for asset exchange. The entire Ontology system is dedicated to serving businesses and creating a trust platform for healthy business competition, whereas other projects are more focused on the financial side from the very beginning. The core goals of these projects are to serve node operation and maintenance (miner) applications and increase their revenues.Ontology is dedicated to building a general-purpose infrastructure platform that can serve all business scenarios and strengthen the competitiveness of applications.2. Systematic Blockchain SolutionIf summarized in one sentence, the Ontology infrastructure solution is a compliant multi-chain solution that supports sharding, on-chain and off-chain applications.Based on the sharding design and cross-chain solution, the systematic solution can support complex token models, be customized, and can improve the performance of cross-chain homogeneous chains.3. New Business Opportunities for Traditional IndustriesOntology’s blockchain solution for businesses enables developers to easily develop blockchain applications and transform traditional Internet applications into blockchain ones. The course will elaborate on new business opportunities that the transformation will bring, how to better capture them, and how Ontology’s blockchain technology can help rapidly transform and upgrade traditional industries.Let’s now have a look at some of the core courses:1. Ready for All Businesses(1). Ontology blockchain solution for applications based on distributed data exchange protocol(2). Blockchain solution for account system(3). Blockchain solution for data value discovery and assetization(4). Data recording, tracing, and interaction during transmission(5). Data monetization(6). Ontology solution for cross-chain asset exchange(7). Ontology multi-layer scaling solution based on business development(8). Create your own high-value applications2. ONT ID — blockchain solution for self-sovereign account system3. Value of Information — data asset and asset tokenization4. DDXF — cross-system resource interaction, exchange, and transaction framework5. ONTO — Your Only Wallet6. Ontology Cross-Chain Solution — free exchange of assets between different chains7. Ontology Sharding — ultra-large scalability for businessesThe workshops will first be held at universities in South Korea, Japan, Russia, the US, and Germany. More details will be released later, stay tuned!Also, if you are interested in organizing events with us, send us an email via contact@ont.io.Are you a developer? Make sure you have joined our tech community on Discord. Also, take a look at the Developer Center on our website, there you can find developer tools, documentation, and more.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInOntology Global University Workshop to be Launched Soon was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 07. 23

How to Prove Who I Am?

In the blockchain world, users use their accounts to construct and send transactions. To verify transactions, an important step for consensus nodes is to “verify user identity”.Based on the philosophy of decentralization, in the blockchain world, there is no centralized account management node, instead, users create and manage their own accounts. Account models widely used today are built upon the public-key cryptographic technology. Users generate a key pair locally and use the public key to create an account according to certain rules. When creating a transaction, users use the private key to sign the transaction and add it to the transaction data. The blockchain then verifies the user identity by verifying the signature. Under this model, there is no need for a registration process, accounts can be “instantly created and used”.In reality, the blockchain technology focuses on “the private key users hold” instead of “the users who hold the private key”.If someone is unfortunate enough to have lost their private key, they will also lose access to their accounts and the assets therein. This tells us that private key is key to verification, therefore users must keep their private key safe, which is a big difference between blockchain and traditional centralized services.In centralized systems, user accounts are collectively managed by service providers. These accounts are at heart owned by service providers and users only have the right to use these accounts.Service providers typically use a combination of “account name + password” to verify user identity. The password is the key information that the user has. When the user loses the password, he can apply to the service provider for a reset. Since the account is actually in the hands of the service provider, it only needs to reset the password and re-authorize the user after using the auxiliary means to verify user identity.In this centralized environment, users need to believe that the service provider will not abuse their accounts and related data. With blockchain technology, ownership will be kept in the hands of users, and each user is responsible for their own account.The blockchain model provides the basis for better self-sovereign management and privacy protection. Since users must use their private keys to access their accounts, they must be more careful.There are several ways to improve this zero fault-tolerant account model. A common multi-signature account that supports threshold control is one of them.For example, an account with a (t, n) threshold can be verified as long as there are t signatures of n keys. Thus, even if one of the keys is inadvertently lost, the account can be accessed by another key.However, multi-signature account schemes of blockchain projects today mostly create accounts by n independent keys constituting the multi-signature group according to certain rules and traverses and verifies all the signatures of the transaction to see if the threshold is met. This type of multi-signature account does not support key recovery or updates. When users need to replace the key, they need to create a new account.One way to improve this is to build an account system using a secret sharing algorithm. The basic idea is to use an algorithm to split the private key into multiple shares and each share can generate a part of the signature. Once a threshold number of shares is reached, a complete signature can be formed.This algorithm supports the update of secret shares, and the updated shares are not compatible with the old ones, making the old shares invalid. Therefore, the account thus constructed can reset the shares while keeping the account (private key) unchanged when the shares are lost or stolen.Another simpler and more straightforward method is to decouple the account from the key. The user account is represented by a key-independent string and is bound to the user’s public key on the blockchain through registration. The registered account can then bind and unbind the public key arbitrarily. When operating the account, any signature that can be verified by the public key can be used to verify the account. On top of this, more complex and diverse control logic can be set as needed, and this account system greatly increases flexibility.ONT ID, Ontology’s decentralized identification protocol, is precisely using this model. Users can generate independent key pairs for different devices and applications and bind them to the same ID. Even if one of the keys is lost, users can still use other keys to unbind the lost key and bind new keys.Account system is a major challenge when developing and promoting blockchain technology. From algorithms to product design, only a secure and user-friendly account system can draw more users.Are you a developer? Make sure you have joined our tech community on Discord. Also, take a look at the Developer Center on our website, there you can find developer tools, documentation, and more.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInHow to Prove Who I Am? was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 07. 22

What is CounterFactual - Pa...

In the last tech point article, we looked at the definitions of CounterFactual state channel and concluded with some of its main features, including equivalence, fairness, and consistency. In this article, we will continue to analyze the three criteria in its definition and talk about its application boundary.Analyze the three criteria of CF state channelThe first criterion is equivalence. Since equivalence must be two-way, the smart contract execution environment in the state channel must be applicable to both the state channels and the blockchain, which requires:1. All input information of operation X in the state channel can only come from operation X itself.The smart contract can only rely on the state of the smart contract itself and not on any information from the blockchain (for example, block height and block time).In addition, relevant information must be initialized when creating and initializing the CF state channel. Since the CF state channel is independent of the blockchain and the state of smart contract on the blockchain is subject to constant change, unlike on-chain transactions, the CF state channel cannot anchor and access any on-chain data and can only access the unchangeable data in the on-chain state.2. The way operation X is carried out on the blockchain and in the CF state channel must be consistent.This is particularly true for software engineering. Since smart contract platforms may have flaws and the history of blockchain software cannot be tampered with, blockchain platforms can only upgrade its software through forking, which will cause some trouble for the CF state channel. Great care must be taken during software upgrade on blockchain platforms or shutting down the CF state channel instantly to ensure the equivalence in the CF state channel and on the chain.the second criterion is fairness. State update caused by each operation in the CF state channel must be viewable and verifiable to all participants. The participants in the CF state channel are fixed and the number is rather limited. Therefore, the CF state channel does not realize the trustless feature through the permissionless validation of a majority of nodes on the blockchain. Instead, it is achieved by each participant validating the state update of each operation itself.This criterion requires all participants in the CF state channel to run state channel validation themselves, which is a higher demand than for participants on the blockchain. However, smart contracts in the state channel generally require very little computation and can be done through improving the blockchain client.The third criterion is consistency and finality. All operations in the CF state channel must be consistent and instantly finalized. In the CF state channel design, any user behavior that violates the protocol can be penalized, so any state update in the state channel need to be co-signed by all participants to achieve instant finality. This requires all participants to remain online to maintain the operation of the state channel. This will not have much impact on simple applications or short-term applications, but for complex applications involving more participants or long-running applications, you will have to run in a similar way as proxy nodes or guardian nodes.Although we only scratched the surface of the definition of the CF state channel, we can summarize the requirements for the smart contract it runs and its participants. Based on this, blockchain application developers can decide whether their applications are more suitable for the off-chain operation of the CF state channel.What CF state channel can bring?Not only that, although the CF state channel is an off-chain scaling solution, what we should really learn is its designing. First, from the CF state channel protocol, we can clearly see the crypto-economics system design elements. More importantly, CounterFactual allows us to see a new way of applying cryptography. To put it more broadly, each blockchain can be considered as a CF state channel in the real world. All participants on the blockchain lock up assets in the real world and participate in the construction and validation of the blockchain network. From a smaller perspective, how do you design blockchain applications to better integrate blockchain and business needs? and could there be even a new business model based on CounterFactual’s designing? Those are all the possibilities CF could offer.AfterwordCF state channel is a very inspiring design and offers a new method of designing blockchain systems. In future tech point articles, we will further explain the philosophy behind CounterFactual and discuss what it can bring to other blockchain designs.Are you a developer? Make sure you have joined our tech community on Discord. Also, take a look at the Developer Center on our website, there you can find developer tools, documentation, and more.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInWhat is CounterFactual - Part 2 was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 07. 19

Ontology and NEO Come Toget...

Today, during a town hall meeting, China’s leading public blockchain projects NEO and Ontology announced a partnership to build an open cross-chain platform and establish the foundation for the next-gen Internet. As a new era of blockchain adoption approaches, the partnership will facilitate the industry’s accelerated growth by leveraging both parties’ strengths to introduce an efficient and inclusive interoperability protocol. Based on both parties’ leading positions, this partnership marks an industry-wide milestone.To fully deploy the capabilities of interoperability protocols, NEO and Ontology will recalibrate their respective strategic focuses to fully utilizing interoperability protocols. As such, NEO will focus on developing protocols and components to support a full spectrum of digital assets while Ontology will continue to build a future-proofed, decentralized identity framework.This groundbreaking interoperability protocol includes key features such as:· Eco-friendly approach to member chains: Specifically designed for cross-chain synchronization, the protocol will neither issue tokens nor include a dedicated smart contract system to protect member chains from cannibalization.· Low barrier of entry: Built to facilitate seamless technical integration, no protocol layer development or modification is necessary for existing blockchain projects.· Transactional atomicity: The protocol aims to achieve finality and atomicity in cross-chain transactions with a particular focus on cross-chain smart contract interactions to expand the scope of decentralized applications.· Enhanced security: A sophisticated set of mechanisms built on the technical and operational level will be carefully implemented to optimize security for cross-chain transactions and interactions.Speaking on this partnership, Da Hongfei, Founder of NEO and CEO and Founder of Onchain, remarked that, “This partnership represents the next step for not only NEO and Ontology but also the future of the blockchain industry as we pioneer a collaborative approach to solving tough problems. By building the foundation for a global cross-chain platform, we look forward to delivering real-life solutions and uses for blockchain by surmounting challenges and issues together. As we enter our next development phase, we hope to further accelerate industry growth by synergizing our strengths as China’s top two blockchain projects while also encouraging more projects and companies to join us in building the foundation for the next-gen Internet.”Li Jun, Founder of Ontology, noted that “By building an open and global cross-chain system, NEO and Ontology will promote cross-chain value exchange as well as business collaboration to establish the foundational infrastructure for the next-gen Internet. By continuously bolstering our technology and community, we aim to accelerate the development of blockchain applications for various industries to deliver diverse real-use cases.”As NEO and Ontology move to deepen their cooperation, both parties look to usher in a new era of blockchain development through their industry-first partnership. Moving forward, a white paper regarding the interoperability solution will be released in Q3 before the platform goes live in Q4. As the platform develops, both parties are pioneering a collaborative approach towards realizing next-gen Internet as part of their smart economy vision.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInOntology and NEO Come Together to Build an Open Cross-Chain Platform for Next-Gen Internet was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 07. 18

1 YEAR | How to win 32,100 ...

To pay our respect to every blockchain developer, we launched “the Ontology Klein Bottle Contest”, a technical challenge with unlimited solutions on June 29th on the occasion of the first anniversary of the Ontology MainNet launch.The challenge could have as many solutions as possible. This was aimed to encourage developers worldwide to stretch their minds and come up with the optimal solution by exploring the limits of blockchain technology.From June 29th to July 4th, we have received a dozen solutions from participants around the world. The contest also sparked up detailed technical discussions on Ontology’s Discord channel, below are some of the discussions.After careful review, the 85 lines of codes submitted by @backslash47 from the Czech Republic passed all the test cases, the codes are as below:See the source code on our GitHub.There is also a little anecdote. Just 15 seconds after code submission was closed at 10:00 on July 4th, a developer by the name of @littlebubble2015 submitted a solution, which, after testing, turned out to be the optimal solution.Based on the principles of fairness and transparency, we gave the rewards to @backslash47, who passed all the test cases within the time required. According to the contest rules, he won a total of 32,100 ONG.Like we said before, “just as you can never fill up a Klein Bottle, it is nevertheless a great achievement to explore the profound meaning of the universe within the limited space.” We are deeply impressed by what all the participants did to explore the limits of blockchain technology. Some of the participants also told us what they value most is not so much the prize as the chance to exchange ideas with and learn from other developers. This is what we have been doing and we will continue to promote the blockchain spirit in future events.We would like to say a big thank you to all the developers for your participation. We hope the spirit of exploration the Klein Bottle Contest has sparked will be passed on and we look forward to having more exchange of ideas with global developers to improve the Ontology technical community. Stay tuned for more developer events to come!Are you a developer? Make sure you have joined our tech community on Discord. Also, take a look at the Developer Center on our website, there you can find developer tools, documentation, and more.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedIn1 YEAR | How to win 32,100 ONG with 85 lines of code? was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 07. 17

Ontology dApps are now list...

In April, we have announced our cooperation with DappRadar, the world’s largest dApp data and distribution platform. We are pleased to announce that Ontology dApps are now listed on DappRadar.Users can now track dApps running on the Ontology blockchain on DappRadar in real time, including transaction volume, activity, balance, etc.. Thanks to Ontology’s growing community and dApp incentive schemes, more dApp developers are launching dApps on Ontology and building up the user base in the Ontology dApp ecosystem. The partnership will certainly further promote growth.According to DappRadar’s website, DappRadar has listed 2,429 dApps on its platform, its 24-hour user number exceeded 160,000 and 24-hour transaction volume reached $2.3 million.To celebrate the partnership, Ontology is holding a 200,000 MIX airdrop event with MixMarvel. Follow the guide below and have the chance to win 100 MIX. Only 2000 spots are available!Event Time:09:00 July 11th — 09:00 July 18th (UTC)Airdrop Amount:2,000*100 MIX=200,000 MIXStep 1: Use your ONT address to sign1. Register and log into your ONTO, then generate or import ONT address;2. Open the “Get Airdrop” dApp, make sure your ONT address is automatically filled in, then fill in your ONT ID and ETH address for receiving tokens;3. Click “Submit” and pay 0.01 ONG to complete the address signature.Step 2: Use dApps on OntologyDuring the event, use the signed ONT address to access any dApp on Ontology and make transactions.Rules:1. Available quota:The first 2,000 users who participate in the event successfully (use your ONT address to complete signature and make transactions in any dApp on Ontology) will each win 100 MIX on a first-come-first-served basis.2. Distribution timeMIX is an ERC-20 token. The tokens you win will be sent before July 26th, 2019, to the ETH address you submitted during the signature process. If one ONT address has signed multiple times and submitted different ETH addresses, the last address submitted before 09:00 July 18th (UTC) will be used.3. How to download ONTO?Click the link https://onto.app/downloadpage on your mobile, download ONTO APP, then click “DApp” and find “Get Airdrop” in the banner ad or in the dApp list to participate in the event.4. How do I create an ONT ID?Open the “ONT ID” page on the ONTO APP, click “Create ONT ID” and follow the instructions to create your ONT ID. You can copy your ONT ID in the “Address Book” at the top of the “Me” page.5. The Ontology team will trigger an anti-abuse mechanism and double-check the accounts before the airdrop distribution, any suspicious account will be disqualified immediately.Find out more about the MIX airdrop here.About DappRadarAs the largest dApp data and distribution platform, DappRadar allows users to learn about dApp rankings with different criteria under each category, including users, transactions, volume, balance metrics and more. DappRadar provides developers and users with data tracking services that visualize market data by statistical charts and analytical insights.DappRadar has set a benchmark as the global dApp market data and analytics leader with its industry-leading fake traffic detection and spam filters.You can learn more about DappRadar by visiting its website.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInOntology dApps are now listed on DappRadar was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 07. 12

What is CounterFactual?

When people see something happening in real life, they tend to create possible alternatives that are contrary to what actually occurred. This tendency is named “Counterfactual thinking” by Daniel Kahneman, a Nobel laureate in Economics. You might wonder what CounterFactual has to do with blockchain?In this article, the author would like to share some of his thoughts on blockchain CounterFactual and what it can do for us.What is CounterFactual?CounterFactual (CF) thinking is, as it states: “counter to the facts”. These thoughts consist of the “What if?” and the “If I had only…” that occur when thinking of how things could have turned out differently. CounterFactual thoughts include things that–in the present–now could never happen in reality because they solely pertain to events that have occurred in the past.From the perspective of blockchain, CounterFactual means: the transaction result could be obtained on-chain, but in reality, the execution result is not obtained on-chain.In the off-chain scaling technology of blockchain, CF refers to CounterFactual Instantiation, which is derived from a state channel-based off-chain scaling technology proposed by L4Lab. It is widely studied and promoted as a type of blockchain scaling design in the field of blockchain research.CounterFactual Instantiation means that smart contracts can be deployed on the off-chain CF state channel, instead of being counterfactually instantiated on the blockchain. As long as all participants of smart contracts follow the methods defined in the CF state channel protocol, the execution results of the operations in the state channel are fully equivalent to those executed on the blockchain.Simply put, off-chain CF state channels can achieve the same results as the blockchain, which include not only the state data of smart contracts but also the trustless feature of the blockchain (traceability and irreversibility at its core). Since the results are the same, why not move most smart contract operations off of the chain, considering the limited blockchain performance and the cost-effectiveness of the off-chain solution.CounterFactual State ChannelIn the L4 Paper, the CF state channel protocol is defined as below:Roughly speaking, for any on-chain operation X that can be channelized, we use counterfactual X to talk about the case where1. X could happen on-chain, but doesn’t;2. The enforcement mechanism allows any participant to unilaterally make X happen;3. Participants can act as though X has happened.A Closer LookAs a coder, when I see an application protocol, the first reaction is to verify the completeness of the protocol, analyze its feasibility, create its application boundary, and then think about how to implement it.Let’s now take a closer look at the 3 criteria in the definition of CF state channel:1. First, CF state channel and blockchain execution environment are equivalent. Any operations in the state channel must be fully equivalent to those in the blockchain execution environment. Therefore, which execution environment users choose is irrelevant to the protocols;2. Based on the first criterion, the second criterion defines the fairness and trustless feature of CF state channel, or simply “being secure”. State channels are fair to all participants. State modification caused by each operation must be viewable and verifiable to all participants. Based on the first criterion, anyone can directly synchronize the state modification on-chain. Therefore, for state channel participants, CF state channels are as secure as blockchain;3. The third criterion defines the consistency and finality of CF state channel. Operations and channelized state within the channel must be consistent to all participants and must be instantly finalized. This can ensure the traceability and irreversibility of the state channel for all participants.AfterwordFrom the above, we can see that CF state channels fully possess the existing blockchain properties, such as consistency, irreversibility, security, and finality. Using CF state channels as an off-chain scaling technique will not compromise the security of blockchain applications.In the next articles, we will dive into the CF state channel protocol and take a look at its application boundary.Are you a developer? Make sure you have joined our tech community on Discord. Also, take a look at the Developer Center on our website, there you can find developer tools, documentation, and more.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInWhat is CounterFactual? was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 07. 11

New Rules of Ontology dApp ...

Dear community members,In December 2018, we launched the Ontology dApp developer incentive schemes. In January, the OEP-39 proposal submitted by the community was approved, which marked the beginning of the incentive schemes.According to the “Worker Ant Scheme”, if the number of qualified dApps is under 20, the top 5 will share a prize pool of 20,000 USD in ONG each week.The incentive schemes were originally aimed toProvide financial support for dApp developers and encourage them to improve their dApps;Reward active dApp users.Since the schemes were launched more than six months ago, we have discovered some problems: first, some dApp developers manipulated their dApp data in order to win the incentives, which is completely against our principles of openness and fairness and the blockchain spirit. Moreover, dApp users have not been able to receive their fair share of the rewards.After careful review and discussion, the Ontology team decided to make the following changes to the incentive schemes:50% of the weekly $20,000 prize pool in ONG will be given to dApp developers who can use the incentives to reward their users; the remaining 50% will be given to users who use ONT ID on ONTO to access the dApps. The prize pool will be accumulated starting this week and will be distributed 4 weeks later. Detailed rules will be released soon.Note: Users who download ONTO, create their ONT ID and use it to log into the dApps will be eligible for the 50% weekly prize pool.As the number of users increases, so does the 50% weekly prize pool; dApps with good user reviews will also be able to win extra incentives.The incentive rules for dApp developers will be released later, please follow our official announcements for updates.If you have any questions, please ask us on Telegram or Discord. Thank you for your understanding and support. Let us work together to build a fair and transparent dApp ecosystem.The Ontology team7 July 2019Are you a developer? Make sure you have joined our tech community on Discord. Also, take a look at the Developer Center on our website, there you can find developer tools, documentation, and more.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInNew Rules of Ontology dApp Developer Incentive Schemes was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 07. 07

One-Year Anniversary of Ont...

Ontology has just celebrated the first anniversary of its MainNet launch on June 30th. We are now halfway through the year 2019. During the past 6 months, We have taken concrete steps to achieve ambitious goals. Below we share our progress in the first half of 2019 and our Q3 plan in a timeline. Click on the links throughout the article to read more on the topic.TimelineTimeline key🔧 Technology / ⛰ Milestone / 🤝 Partnership🎄 Ecosystem / 🎥 Offline event / ♟ GoalQ1 2019⛰: Ontology ranks in the Top 20 in CoinMarketCap market cap rank⛰: Ontology ranks fourth on China’s Latest CCID Rank⛰: Ontology Development Platform (ont_dev_platform) now available on Google Cloud, Amazon Web Services, and Microsoft Azure🎄: Ontology is seeing a fast-growing global community and hosting and attending events around the worldQ2 2019🎥: Ontology attends OKEx Cooperation Summit 2019 in Vietnam🔧: World-leading multichain design and TestNet with detailed Developer Manual and video tutorials released🤝: Ontology launches regulated USD Stablecoin PAX with Paxos🤝: gumi Cryptos Inc. and Opera Browser partnerships announced🤝: Partnership with Japanese Technology Accelerator TECHFUND announced🔧: Ontology Wasm and Oracle released🎄: Triones Node applications are now open⛰: You can now store ONT and ONG in 23 wallets🤝: Ontology and Beosin launch world-leading customized formal verification platform Vaas-ONT⛰: Ontology receives media coverage from 200+ mainstream and blockchain news outlets worldwide⛰: Ontology maintains an A rating on CoinMarketCap FCASQ3 2019🎥: Ontology holds the Klein Bottle Contest and will soon announce its global Developer Workshop Program🔧: Ontology will soon release “ONTO Global”, the new version of its official wallet, which supports all ERC-20 tokens🎥: Ontology will attend Invest Asia 2019 in September in Singapore and give a detailed introduction to ONT, ONG, and their financial derivatives♟: Ontology aims to reach the S rating on CoinMarketCap FCAS🤝: Ontology will soon cooperate with two social media giants (Facebook, Telegram, Kakao, and Line)♟: Ontology will soon build a global community of 500+ industry KOLs to further grow the Ontology ecosystemA big thank you to our community admins and other community members who help share the project message, answer questions, and provide crucial feedback to the Ontology team. You are of great importance to the future development of Ontology and adoption of blockchain technology. It has been a pleasure to work together.Thank you everyone for your continued support, we look forward to making more progress with you in the second half of 2019!The Ontology TeamFind Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInOne-Year Anniversary of Ontology MainNet Launch: A 6-month Review of Ontology in 2019 was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 07. 04

Ontology Announces Partners...

Ontology is pleased to announce its partnership with CoinLoan, a crypto-backed lending company. Through this partnership, CoinLoan will list OEP-4 standard Paxos stablecoin (PAX) and Ontology coin (ONT) on its lending platform and crypto exchange.The collaboration is expected to help these two companies that work in different sectors achieve a common goal: to push the boundaries of blockchain and crypto adoption and use. With this partnership, CoinLoaners will gain access to new currencies for lending and borrowing. At the same time, Ontology users will secure new possibilities in lending, borrowing, and trading scenarios.“ERC-20 PAX stablecoin has been already listed on CoinLoan for two weeks and evoked considerable interest among platform users. In the upcoming development update, we’re adding an OEP-4 PAX standard and ONT token. Both currencies will be available on the CoinLoan crypto exchange in trading pairs with EUR,” said Alexandr Faliushin, CEO and Co-founder of CoinLoan.The Ontology team believes that “projects from different vectors of technology should cooperate to build an open financial system. Our collaboration with a major crypto-lending market player like CoinLoan is a step towards enabling new application scenarios for Ontology users.”About CoinLoanCoinLoan is a crypto-backed P2P lending platform well known for its flexible user conditions. It provides an opportunity to lend and borrow fiat money, crypto, and stablecoins secured by crypto-collateral.CoinLoan’s crypto exchange feature allows users to convert crypto into fiat and vice versa without having to leave the platform. Partnering with Ontology allows CoinLoan to enter a new market. Furthermore, CoinLoan can now widen the list of options platform users have when lending and trading.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInOntology Announces Partnership with CoinLoan was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 07. 04

Ontology partners up with H...

Recently, Ontology announced its partnership with Hexlant, a blockchain technology laboratory in South Korea, in cryptocurrency technology.The partnership will help expand the Ontology ecosystem. The proposed roadmap includes the Ontology node supporting, wallet app, dApp accelerator program, and developer community building.According to the announcement, Hexlant will support Ontology token (ONT) and Ontology gas (ONG) storage and remittance through its node API solution. In addition, SK Planet Syrup Wallet, an affiliate platform, will allow users to deposit, withdraw and stake ONT and ONG as well.Jin-ho Lee, CRO of Hexlant, said: “we will continue to develop Ontology-based projects and create documentation and framework for developers to build the Ontology community.Ontology has already signed an agreement with MovieBloc, an accelerated project by Hexlant, to establish a firm foothold in the Korean market. “As Korea is one of the most notable countries in the blockchain industry, there are many areas in which we can cooperate. We expect to improve our platform’s scalability in Korea with Hexlant’s technological support,” said Keyness CHENG, Senior Business Development Manager at Ontology.About HexlantEstablished in 2018 by former Samsung engineers, Hexlant is a blockchain laboratory that provides 11 main-net node solutions. With these solutions, it is conducting custody and smart contract businesses and providing a cryptocurrency wallet and a platform Tokenbank which offers cryptocurrency public information.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInOntology partners up with Hexlant in cryptocurrency technology was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 07. 02

One-Year Anniversary of Ont...

To every Ontology developer, user, ecosystem partner, and investor,June 30th is an important day. It has been one year since Ontology’s MainNet Launch. Over the past year, the blockchain industry has developed at a rapid speed. We have witnessed many ups and downs in the industry. What remains unchanged is that we stay true to the initial mission and are committed to applying blockchain technology to real business scenarios, which is why this year our slogan has been changed to “Ready for all Businesses”.We are now at a new starting point, and we will keep moving. The goal of Ontology is to build a public infrastructure for trust collaboration. In the next phase, Ontology will shape its brand image by striving to lead in technology, be developer- and user-friendly, and widely recognized.Thanks to our node ecosystem, the Ontology network is developing rapidly. Since the node application and Delegated Proof-of-Stake (DPoS) stake authorization were launched on the MainNet, the total staking rate across the blockchain has reached 10%, and all of this is supported by 49 Ontology Triones nodes across five continents. The number of global seed nodes that are providing application services has reached 376, which has ensured the capability of producing a new block within a second and a TPS of 5,000.In the next stage, Ontology will make node applications more widely accessible, let more nodes participate in the candidate nodes competition, improve the node staking rate of the whole network while ensuring its security and efficiency. In the meantime, we will lower the threshold for staking through technical upgrades so that even users with a small amount of ONT can participate in the staking economy. We will soon publish a Governance White Paper to improve decentralization, make governance more democratic and users more engaged.At the same time, to ensure all of this, first we need to improve and diversify node incentives. Ontology has put a lot of thought into designing node incentives and will integrate the ecosystem project incentives with Ontology staking to form an incentive pool. Users who participate in nodes and staking will be eligible for the incentives of the entire Ontology ecosystem. Since Ontology issued stable coin assets with Paxos, a regulated stable coin issuer in the US, decentralized finance (DeFi) has become our main focus in the future. We will bring the closed loop of Defi-stable coin-staking for users, forming a sustainable economic system. Following KMPlayer, two more Internet platforms with hundreds of millions of users will work with the Ontology ecosystem. We believe that Ontology will remain in the first echelon of the decentralized application (dApp) ecosystem.To lead in technology and be developer-friendly, we need the feedback and support from the technical community. Since launching the bounty program, we have received hundreds of applications and these teams have completed development tools and SDKs for more than 10 different programming languages. Through hackathons held across the globe, we have acquired excellent application tools, including STO issuance tools, Layer 2, and currency gateways. Our next step is to further open up by decentralizing the bounty center, the review process, and the bounty distribution process, making an open collaboration platform for developing bounty dApp possible, and building a new developer-driven community.The awareness of people-oriented community service is our rethinking of the global ecosystem community. To connect people, people and services, motivation and collaboration, we need a fast-growing user ecosystem, and this is where Ontology’s ONT ID digital identity system comes in. At the beginning of 2019, I unveiled Ontology’s plan for the international community that we will integrate the global user base ecosystem, including our communities on WeChat, Weibo, Facebook, Line, Kakao and Telegram. At present, we have channeled user traffic between two of the social media platforms. This can reduce the threshold for user conversion, and improve the efficiency of connecting traditional Internet and blockchain.Our main focus will be on the Japanese and US compliance markets. Our partnership with the Japanese listed company Gumi and the improved communication with JVCEA and JFSA will help Ontology — a top public chain in Asia, establish a firm foothold in the Japanese market with a fast-growing community. Many of our co-building partners in the US are top in the industry and will help Ontology enter the US compliance market, build a strong presence in the country, thus allowing more technical projects to strengthen their interaction with Ontology’s main chain.To improve the transparency of the community, we have been updating the community on our progress more frequently in 2019 by publishing weekly reports, instead of monthly reports. We have also organized more than ten online AMAs during which we have communicated with the community and shared our thoughts on the industry candidly. Moreover, we have launched a large-scale community incentive program — “the Ontology Renaissance dApp Incentive Program”. No one is perfect, and improving community governance is not a one-off process. We will be open to suggestions from the community on major issues, increase transparency, and implement real trust.Finally, now everyone talks about the convenience of Internet life, about the improved productivity and efficiency, and everything is intelligent. These key changes in the world are driven by a very small number of people. If change is inseparable from innovation, it will be inseparable from the long-term struggle between the new and old forces. To believe the digital economy is to believe in the future and believe in the blockchain infrastructure that supports all of this. During the course of history, those who question you, criticize you and oppose you will eventually be the reason for us to persist.We are now at a new starting point, and we will continue to move towards our goal.Co-Founder of Ontology, Andy JiJuly 1st, 2019Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInOne-Year Anniversary of Ontology MainNet Launch: a Letter from the Co-Founder was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 07. 01

Ontology Sharding TestNet R...

→Read the full Ontology Sharding TestNet Developer Manual on GitHub here.On December 27th, 2018, we published the Ontology sharding design as an early open-source new year gift for the Ontology developer community.Over the past 6 months, the Ontology team has completed developing and testing the Ontology Sharding. To celebrate the first anniversary of the Ontology MainNet launch, we are now releasing the Ontology Sharding TestNet. We welcome developers to give it a go and offer your suggestions or feedback to help us improve.Ontology ShardingOntology is committed to creating a componentized, freely configurable, cross-chain supporting, high performance, and scalable blockchain infrastructure, making deploying and calling decentralized applications much easier.The Ontology Sharding supports the following features:Multi-layer sharding network structureSharding solution based on smart contractCross-shard message communication between smart contractsCross-shard atomic callTestNet EnvironmentThe Ontology Sharding TestNet includes three shards, which can achieve cross-chain interaction.We can see from the table above that the sharding network has 21 nodes as shown in the figure below:Multi-layer Sharding Network StructureAs can be seen from the above figure, all 21 nodes participate in the root shard. Amongst them, 7 nodes in green form Shard-A, and 7 nodes in orange form Shard-B.The entire sharding network forms a two-layer structure with 7 nodes participating only in the Root Shard at the top. The second layer consists of two sharding subnetworks.How to get Test TokensApply for test tokens here.The site allows one address to apply for 1,000 ONT and 10 ONG as test tokens once.How to Activate Sharding NodesThe complete process of activating a shard is as follows:Create a shard: Apply for a shard ID in the Root ShardConfigure the shard: Configure parameters of the new shard, including consensus and related parameters of the GasThe nodes join the sharding network: the nodes in the Root Shard join the new sharding network through stakingActivate the shardSharding Smart Contract DevelopmentThe Ontology Sharding adopts a sharding strategy for smart contracts, assigning smart contracts in the root shard to sharding, while assets can be kept in the root shard, thus simultaneously improving the performance of smart contracts and ensuring the security of blockchain assets.In the Ontology Sharding Network, all smart contracts are deployed in the root shard and smart contracts can run as follows:All-Shard: Smart contracts can run on all shards simultaneously.One-Shard: Smart contracts can only run on a single shard at one time.The state of the smart contract running on All-Shard will be saved in all the shards it runs on, so the state of the All-Shard smart contract will have to be saved as an account. In the current Ontology Sharding network, smart contracts based on shardAsset contracts can implement smart contract state management in the form of accounts. For details, please refer to OEP-9.Cross-Shard Smart Contract DevelopmentDeveloping cross-shard smart contract development is basically the same as developing Ontology smart contracts, except that two interfaces are added to the sharding network for calling cross-shard smart contracts. Ontology provides two interfaces for cross-shard communication: NotifyRemoteShard and InvokeRemoteShard used for asynchronous and synchronous call. Since cross-shard communication relies on network transmission, Parameters transmitted during cross-shard communication should be serialized into byte array.NotifyRemoteShardInvokeRemoteShardNotifyRemoteShard is used for asynchronous cross-shard call. However, the caller cannot get the call result of the callee, nor does it know when callee executes on the target shard or whether callee executes successfully or not.InvokeRemoteShard is used for synchronous cross-shard call. The caller can get the call result of the callee and can see it as delayed execution of cross-contract call. Since the call result is returned via network transmission, the return result of the callee should be the serialized byte array.Call Sharding Smart ContractYou can call the sharding contract using two methods: Ontology-Cli and Ontology-Go-SDK.Ontology-CliThe method of calling smart contract using Ontology-Cli is the same as existing Cli, except that you need to add one more parameter - -ShardID. The new --ShardID parameter is used to indicate the contract on which shard is called. If not specified, the default is 0. There are two limitations to using Ontology-Cli to call a sharding smart contract:Ontology-Cli needs to be compiled with the code in the Ontology sharding branch;Only the synchronous nodes which activate the Sharding TestNet can use Ontology-Cli. You need to synchronize the blocks on the shard whose contract you are going to call.Call Smart Contract with Ontology-Go-SDKUnlike Ontology-Cli, using Ontology-Go-SDK does not have the same limitations. For example, the sample codes for calling the cross-shard transfer of the smart contract example xshardassetdemo.py are as follows:Deploy Sharding Smart ContractNew smart contract features are supported in the sharding environment. The two most important features are presented in the form of OEP. See OEP-9 and OEP-11 for more details.To support these new features, the smart contract compiler has also been upgraded and has added Runtime API specifically for the new sharding network. At the moment, only the compiler for Python has been upgraded. See Ontology Sharding Compiler for the upgraded compiler. The method is the same as before.Likewise, in order to support these new features in the sharding environment, the transaction structure has changed. Currently, only Ontology-Go-SDK supports sharding transactions.Read the full Ontology Sharding TestNet Developer Manual on GitHub here.Please feel free to try the Ontology Sharding TestNet and let us know your suggestions and feedback. If you have any questions, please ask us on Discord.Are you a developer? Make sure you have joined our tech community on Discord. Also, take a look at the Developer Center on our website, there you can find developer tools, documentation, and more.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInOntology Sharding TestNet Released was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 06. 30

One-Year Anniversary of Ont...

Today, Ontology celebrates the first anniversary of its MainNet launch. This project has been ongoing for around two years, during which many significant achievements were made in various fields. I would like to pay my respects and special gratitude to our core team, our partners, our developer community and the general community for their contribution.During this period, Ontology has actively engaged in technology, ecosystem and cutting-edge research and other aspects and has achieved great results.A Global View: Participating in the International Standards FormulationIn frontier research and standard construction, Ontology has carried out in-depth research in the threshold signature application, zero-knowledge proof, trusted secure computing, multi-party secure computing, etc., and has achieved a number of integrations.Ontology has participated simultaneously in formulating the standards of the three major international standardization organizations (IEEE, ISO, ITU-T), which is no mean achievement for a public blockchain project.On June 13th, we participated in the Second Board Meeting of the IEEE Standards Association in Panama this year. The two standards for P2140.4 and P2140.5 for DEX Framework using DLT (Distributed Ledger Technology) and Custodian Framework of Cryptocurrency, proposed by Ontology, were approved unanimously at the meeting.On May 27th, at the 5th plenary meeting of the ISO/TC 307 Blockchain and DLT in Dublin, Ireland, three Ontology use case proposals for pharmaceutical management, lifetime recruitment management and health care data management have all been accepted into the ISO Use Case Repository, showing how ONT ID and blockchain technology can empower real businesses.On April 9th, we, as the only public chain to attend and submit proposals in the 6th ITU-T FG Distributed Ledger Technology Meeting in Madrid with Huawei and Tencent, together with dozens of representatives from around the world to complete the mapping amongst the architecture templates and a number of world-class blockchain systems including Ontology, which verifies the accuracy of the technical reference architecture, providing multi-dimensional and high-value information for different blockchains and distributed ledger platforms.In the future, we will continue to participate in the formulation of international standards for blockchain in a prudent and rigorous manner.Technology-oriented: Leading the World in Major Technological BreakthroughsIn terms of the blockchain infrastructure, the Ontology MainNet has been running consistently for the past year and has become one of the most robust and stable blockchain systems. As for the research and development of blockchain infrastructure:Ontology has completed the sharding design at the end of last year, supporting three dimensions: network, transaction and state sharding. It adopts a hierarchical network to achieve ultra-large-scale network expansion through multi-layer network sharding. On January 11th, the Ontology sharding was unveiled for the first time at the global blockchain summit Blockchain Connect in San Francisco. Its TestNet is now online and developers are welcome to use and experience it.Amongst all the general and basic public chains, Ontology is the first to launch a Cross-Chain TestNet and has prepared complete technical documentation and video tutorials for developers. Our development platform ont_dev_platform has been added to Google, Amazon AWS and Microsoft Azure, providing a one-click deployment environment for developers around the world.At the same time, tools such as multi-VM smart contract platform Wasm, smart contract formal verification platform VaaS-ONT, Ontology Oracle and Python smart contract compiler have been released, and important progress has been made in the fields of trusted secure computing integration, all ranking at the top of the list amongst global public chains, together with a world-class overall infrastructure system.Trust First: Establishing a Trust Collaboration Platform that Supports a Wide Range of Business ScenariosIn terms of blockchain technologies that support real businesses, Ontology has completed the framework of a distributed ID System (DID) — ONT ID, connecting diversified data sources globally, fully upgraded the Distributed Data Exchange Protocol (DDXF) , which has become one of the most complete distributed data exchange protocols and designs, and has been submitted to be accepted as international standards. In addition, Ontology has been expanding important infrastructure modules such as distributed reputation systems in different business scenarios and has built a more complete distributed collaboration platform that supports various business scenarios.In the past year, the Ontology team has established partnerships with teams and companies at home and abroad in various industries, especially in the fields of finance, payment, and gaming. We not only help blockchain start-ups to build a trust ecosystem but also have deep cooperation with industry giants to help traditional industries break into the blockchain world. In the meantime, our strategies for digital identity, content copyright, and data exchange have also been recognized by our ecosystem partners.The Ontology ecosystem has also taken shape. The Ontology node incentive model and stake authorization incentive model have brought new motivation and ideas to Ontology, while the dApp incentive scheme has stimulated the growth of the partnered teams.Global Vision: Ecosystem Construction in all Regions Advancing SteadilyAs a distributed open platform project, Ontology has continuously expanded its global community.Communities covering 17 languages have been opened, allowing fans around the world to find the base of Ontology in any corner. In the United States, Europe, and South Korea, we have set up local full-time teams. The next step will be to further expand markets in Southeast Asia, South America, and other regions, and expand the globalization system and ecosystem of Ontology.In the past year, we have traveled all over the world. In Asia, we have held meetups, industry summits with local partners and hosted joint hackathon with Microsoft in cities like Tokyo, Seoul, Ho Chi Minh City, Singapore, Jakarta, while in Europe, our journey covers cities like London, Amsterdam, Dublin, Madrid, and in North America, we have also seen footprints of Ontology developers in cities such as Toronto, San Francisco, New York, Seattle, Boston, and Washington.Moving Forward: Fulfilling all our Commitments, and Continue to Advance AheadOver the past two years, we have been proud to have accomplished our commitments to the co-builders and the public in various aspects, which also has proved the Ontology ecosystem’s capability in technology, execution, and expansion, and has established an accountable, solid, credible project image. From core teams to community members, from co-builders to ecosystem partners, everyone’s persistence and efforts have enabled Ontology to create value for more distributed applications in a new phase. The core vision of Ontology is to create a“distributed trust collaboration platform” for all scenarios. During the two-year research and development, one-year steady MainNet operation and continuous technology development, we have already established a basic trust collaboration platform and achieved the first step of our vision: Ready for all businesses. We will continue to adhere to the real business strategy, taking every step in a solid manner, break the game with technology. We look forward to seeing more changes happen.“Trust” has been the biggest challenge of collaboration since human history. After generations of technology and system development, from tribe to country, from the industrial revolution to information interconnection, the human “trust” collaboration mechanism has been continuously improved, but also constantly challenged. Today, privacy protection, personal information ownership, data collaboration, and data authenticity are still plaguing us in collaboration. So far, in the current technology system, blockchain is the most promising technology to overcome these challenges and bring “trust collaboration” to a new level. Ontology is willing to work with all partners with the same goal to redefine trust.Ontology — Trust RedefinedFounder of Ontology Li JunJune 30th, 2019Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInOne-Year Anniversary of Ontology MainNet Launch: a Letter from the Founder was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 06. 30

The Ontology Klein Bottle C...

The Klein Bottle was first described in 1882 by the German mathematician Felix Klein. It is an example of a non-orientable surface with no clear boundary. If likened to a bottle, it will be a bottle that you can never fill up. It is a two-dimensional manifold against which a system for determining a normal vector cannot be consistently defined. Its surface will never end.On the occasion of the first anniversary of the Ontology MainNet launch, we would like to pay our respect to every blockchain developer by presenting “the Ontology Klein Bottle Contest”, a technical challenge with unlimited solutions. To encourage developers to push back the frontiers of blockchain technology, we will choose the best solution submitted by developers in a week’s time and give away tens of thousands of ONG as rewards.Just as you can never fill up a Klein Bottle, it is nevertheless a great achievement to explore the profound meaning of the universe within the limited space.Challenge One: Regular ExpressionA regular expression is a sequence of characters that define a search pattern. Usually, such patterns are used by string searching algorithms for “find” or “find and replace” operations on strings, or for input validation. Most programming languages today offer a standard library of the regular expression. At the moment, the regular expression standard library for smart contracts on the Ontology platform still has room for improvement.The challenge is to develop a simple rule regular expression for smart contracts on the Ontology platform.Judging Criteria:Participants need to pass all the 200 test cases we have prepared. All characters are ASCII characters and the longest string has 1024 characters.Participants who used the fewest Ontology NeoVM instructions to complete all the tests will be the winner.The Ontology Klein Bottle Contest will be divided into 2 rounds.First RoundReward:Basic Reward Pool 50,000 ONGDeveloper Boost Reward Pool (up to 50,000 ONG)What is “Developer Boost Reward Pool”?The Developer Boost Reward Pool is the extra incentive aimed to encourage developer participation. 100 ONG will be added to the Reward Pool for every developer who signs up for the contest.How to sign up?Get GitHub-verified ONT IDDownload ONTOClick “ONT ID” and sign upComplete GitHub ID verificationSubmit the following information via Registration Form:GitHub-verified ONT IDGitHub accountYour email addressHow to boost?After submitting the above information, every time developers use their GitHub account to Fork and Star the Ontology MainNet code, the boost value will be added once, which means 100 ONG will be added to the Developer Boost Reward Pool. The amount of the Reward Pool will be updated every 24 hours, please refer to the Ontology official Twitter account for the latest amount. You can find the Ontology MainNet codes here.How to submit codes?After completing development and testing, developers must call the registry contract to record their ONT ID and contract hash (SHA-256) on the blockchain. You’ll have to pay 0.01 ONG for calling this contract as transaction fee. The tutorial is here.After completing the above steps, developers need to submit their contract source codes via submission form. The information you need to submit includes:Your ONT ID and email addressTransaction hash called by the registry contractContract codeRulesCode submission time: 10:00 June 30th — 10:00 July 4th (UTC)Participants who used the fewest instructions to pass all the tests will be the winner (for more details please refer to the challenge rules).If there is more than one optimal solution, then participants who submitted first will be the winner. The submission time is determined by the time they called the registry contract.If developers submit their codes more than once, we will judge the result based on the codes in the final submission.Winner AnnouncementThe winner list will be announced on July 5th (UTC).For further details, please refer to Ontology’s official Twitter or Facebook.What are the rewards for the winner?If the winner confirms to claim the rewards of the first round, then they can get 60% of the entire reward pool (Basic Reward Pool + Developer Boost Reward Pool). After that, the winner’s journey in the Ontology Klein Bottle Contest ends.The winner needs to decide whether to claim the rewards within 24 hours after the announcement by replying to our email, otherwise, the rewards will be automatically given to the winner.Want more rewards?The winner in the first round can accept challenges in the second round where all candidates have the chance to win the entire reward pool.Second round — Taking up the challengeTime: Within 24hrs of the Twitter announcement of the winner accepting the challenge.In this round, participants need to submit their codes to ontio/Anniversary via GitHub Pull Request. The list of developers who ranked in the top 3 in the previous round will be announced at the beginning of this round.Rules:All developers can continue to sign up and submit their solutions, including the first-round winners.If the solutions in this round are better than that of the last round, then the winner will win the entire reward pool, instead of the 60% rewards in the previous round.Please visit our GitHub for more details. If you have any questions, please ask us on Discord.Are you a developer? Make sure you have joined our tech community on Discord. Also, take a look at the Developer Center on our website, there you can find developer tools, documentation, and more.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInThe Ontology Klein Bottle Contest opens today, a chance to win up to 100,000 ONG was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 06. 29

HotStuff: the consensus pro...

Recently, Facebook’s cryptocurrency Libra published its whitepaper and open-sourced its testnet codes on GitHub. In its whitepaper, we can see that Libra uses LibraBFT, a Byzantine Fault Tolerance consensus protocol. Since this protocol is derived from another consensus protocol HotStuff, it will help us understand what LibraBFT is by learning how HotStuff works.1. What is HotStuffHotStuff is a leader-based Byzantine fault-tolerant replication protocol proposed by VMware Research in March 2018. Its pre-printed version has been revised five times and will be officially published at PODC 2019 (2019 Symposium on Principles of Distributed Computing). Similar to many consensus protocols, its network is assumed to be a reliable and secure peer-to-peer network and its communication model adopts the partial synchrony model, which means there exists in the network an upper bound on message transmission delay. This upper bound is either unknown to the nodes in the network, or all the nodes know the upper bound and follow it after a certain unknown point.In this article, we will briefly explain how HotStuff works and break down how HowStuff achieves its goal by first introducing the PBFT consensus protocol.2. What is PBFTGenerally speaking, the goal of consensus protocols is to reach an agreement on system state in the decentralized network so that all (honest) nodes can transition from one state to another.Normally, PBFT uses two rounds of peer-to-peer message exchanges to achieve this goal.When the leader broadcasts its proposed (legal) state transition request to other nodes, as an honest node in the system, it first needs to know that enough nodes have also received this state transition request, that is, it can confirm this request is valid. Based on this, it also needs to know that enough nodes also confirm that the state transition is valid, thus confirming there is a consensus among enough nodes about the state transition.When the leader fails during the running of the protocol, for example, the node finds that it cannot communicate with the leader, then the leader needs to be replaced, which means there will be a view change. At this point, the node in the system broadcasts a view change request. When a node receives enough view change requests, it sends a view change confirmation to the new leader. The next view will start when the new leader receives enough view change confirmations.3. What is Basic HotStuffWe believe that the first change made by HotStuff, and the most important one, is to change PBFT’s mesh communication network to a star communication network, which means each communication will rely on the leader. The node no longer broadcasts the message to other nodes through the P2P network, instead, it sends the message to the leader, which processes it and sends it to other nodes. Thanks to the star communication network, the communication complexity of the system has been greatly reduced. Similar to PBFT, the leader proposes a state transition request, and other nodes check its legitimacy after receiving the request.Figure 1: Mesh communication network to star communication networkThe second important change HotStuff made is to merge the view change process with the normal process, which means there is no longer a separate view change process, thus reducing the complexity of view change. It can be seen that during view change in HotStuff, a node in the system does not need to confirm the message “enough nodes want to carry out view change” before notifying the new leader, instead, it can directly switch to the new view and notifies the new leader. HotStuff puts the behavior of confirming the message “enough nodes want to carry out view change” into the normal process. This is a new approach, but it will inevitably lead to a new phase of confirmation for the normal process. Therefore, HotStuff extends PBFT’s two phases into three phases.Having introduced these two changes, let us now take a look at the phases of HotStuff. The protocol for a new leader starts by collecting new-view messages from replicas. When the leader has collected requests from enough replicas, it will start a new view and proposes its own state transition request, and then send a prepare message to the other nodes. After receiving the prepare message, other nodes in the system verify its legitimacy and confirm the message by following the three phases below:PRE-COMMIT phase: When the leader receives prepare votes for the current proposal, it combines them into a prepare quorum certificate and then broadcasts it in precommit messages to all nodes, which is to show that enough nodes have confirmed the state transition request.COMMIT phase: When the leader receives PRE-COMMIT votes, it combines them into a precommitQC and broadcasts it in COMMIT messages to all nodes; replicas who received the message can lock the current state transition request so that a consensus decision can be reached even during a view change.DECIDE phase: When the leader receives commit votes, it combines them into a commitQC. Once the leader has assembled a commitQC, it sends a decide message to all the other replicas. Upon receiving a decide message, a replica executes state transition in the committed branch and starts the next view.Figure 2: The phases of Basic HotStuff4. What is threshold signature?To further reduce communication complexity, the third change HotStuff made is introducing a new cryptographic primitive: threshold signature.Assume there is a single public key held by all replicas in a (k, n)-threshold signature scheme, and each of the n replicas holds a distinct private key (shards). As long as there are at least k replicas who contribute a partial signature to the message, then the partial signatures by these k replicas can generate a complete signature, which can be verified by the public key.Generally, the size of the complete signature is unrelated to the number of replicas. HotStuff uses threshold signature to reduce the number of signatures in the consensus protocol. The Ontology team has done extensive research on the threshold signature scheme and we have come up with a number of solutions applicable to the blockchain. We will introduce these solutions in future tech point articles.We can see that in the three-phase confirmation of HotStuff, the so-called voting refers to the threshold signature on a message by the replicas, which is then sent to the leader. The complete signature is generated when the leader receives enough votes. The leader will attach this signature to the message of the next phase it sends to the replicas and the signature will be verified by them.Figure 3: (3,5) — Threshold signature5. The Pipeline of HotStuffIt can be seen that the three confirmation phases of Basic HotStuff have the same structure: other nodes vote on a message, and the leader combines the votes and broadcasts them to other nodes. These phases can be represented uniformly and pipelined. This is the fourth change HotStuff made: the pipeline of the consensus phases.Figure 4: The pipeline of Basic HotStuff (from the original paper)The pipelined HotStuff has improved on Basic HotStuff and carries out view change at each prepare phase. In fact, we can see that this essentially makes the prepare phase of the next view confirm the prepare phase of the current view, that is, the next prepare phase (implicitly) contains the pre-commit confirmation of the current view. Since all the phases have an identical structure, pipelining HotStuff can be achieved.6. AfterwordIn this article, we introduced how HotStuff consensus protocol works. In terms of communication complexity, the changes HotStuff made have brought about significant changes to HotStuff and have also given it new features, such as “Optimistic Responsiveness” discussed in the paper. Moreover, HotStuff is being used by Libra and some other projects.Many blockchain projects use BFT consensus protocols today, for example, Ontology’s VBFT consensus protocol, which combines VRF (verifiable random function) and BFT. We hope this short article can help you understand how HotStuff works and encourage you to learn more about LibraBFT, VBFT, and other BFT consensus protocols.Are you a developer? Make sure you have joined our tech community on Discord. Also, take a look at the Developer Center on our website, there you can find developer tools, documentation, and more.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInHotStuff: the consensus protocol behind Facebook’s LibraBFT was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 06. 26

Ontology is to be listed on...

Ontology is to be listed on Zeux — another step towards bringing crypto to the massesWe are pleased to announce that Ontology will soon be listed to the digital wallet of Zeux, a London-based FinTech company that allows users to convert their cryptocurrency and pay in just one click. Ontology (“ONT”) holders will soon be able to use their tokens in all stores that accept Apple Pay and Samsung Pay.Zeux has a vision of bringing crypto to everyday life. It charges no fees for payments, crypto conversion, and transfers. With this partnership, ONT holders will see blockchain become even more a part of the mainstream and they will also be able to explore what else Zeux has to offer — a simpler way to pay, bank and invest in one place — the Zeux app.The Ontology blockchain connects blockchain and the business world. This means businesses can use the technology Ontology offers smoothly and enjoy all the benefits without extensive knowledge of how it works. Partnerships, like this one with Zeux, bring crypto to the masses — business, governments and all those who run them — by enabling people to use it as part of their everyday purchases.Commenting on the new partnership, Jun Li, Founder of Ontology, said: “as we strive towards being that trust layer, businesses and governments can participate in the new smart economy, but we also need to think about trust and mass adoption — if blockchain is to be the future. This new accessibility for ONT holders will drive adoption and uptake, something I passionately support”.Adding to this, Frank Zhou, CEO and Founder of Zeux, said: “we’re proud to be partnering with a company with reputable cryptocurrency leaders, relatively long-term presence in the industry and an already established history of success. As Zeux aims to bring crypto to everyday life, Ontology aims to bring forward a blockchain automation of trust. As Jun mentioned, to do this we need to think about the masses — and this is where I see our partnership flourishing”.More about ZeuxZeux is currently live in the UK and will be available in Europe later this year and the rest of the world by 2020. Zeux is available to download from the App Store and Play Store, sign up for your invitation code here.Zeux completed the presale of their token ZeuxCoin (ZUC) at the end of May, which raised 5000 ETH in less than 2 full days and gives its holders cashback on crypto payments and reduced investment transaction fees. Their last stage of token sales will be live on Latoken for the last 382 ETH from 28 June 2019.● Website: www.zeux.tech● Whitepaper: http://bit.ly/zeuxWP● Telegram Group: https://t.me/zeuxapp● Twitter: https://twitter.com/ZeuxApp● Facebook: https://www.facebook.com/ZeuxAppFind Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInOntology is to be listed on Zeux — another step towards bringing crypto to the masses was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 06. 25

Ontology announces partners...

Ontology has just announced a strategic partnership with gumi Cryptos Inc. (“gumi Cryptos”). By cooperating with gumi Cryptos in games, entertainment, and marketing, Ontology is aiming to gain a foothold in the Japanese cryptocurrency market.gumi Cryptos’ parent group gumi Inc. (“gumi”) is a Japanese mobile games giant. Founded in 2007, gumi has developed and distributed many hit titles, such as “Brave Frontier” and “The Alchemist Code”. In May 2019, gumi Cryptos, a wholly-owned subsidiary of gumi, was founded to focus on managing gumi’s blockchain business. Related entities include gumi Cryptos Capital, a venture capital fund dedicated to investing in promising blockchain companies globally, blockchain game developer double jump.tokyo and next-generation SNS platform FiNANCiE.image from gumi Inc.According to CryptoCompare, Japanese Yen is the second largest fiat currency in bitcoin trading after US Dollar. According to Yano Research Institute, the market size for blockchain related services in Japan will reach JPY17.1Bn in 2019, representing a growth of 112% compared to last year.At the moment, even the best public blockchain projects in the world find it hard to understand and break into the Japanese market. Ontology is hoping to work with gumi Cryptos to fill the gap and build a strong presence in the Japanese blockchain and crypto market.Speaking on the partnership, Hironao Kunimitsu, Founder and CEO of gumi Inc., said, “the strategic partnership with Ontology will strengthen gumi’s presence in the crypto industry globally and deepen our understanding of the services and products that are based on blockchain technology. We are honored to be Ontology’s partner in Japan and look forward to more collaboration opportunities on Ontology’s Japan entry initiative, blockchain related investments and expanding the ecosystem together.”Andy Ji, Co-Founder of Ontology, said that “gumi is a great example of the expansion from mobile games to blockchain technology. The partnership shows both gumi’s recognition of Ontology’s global strategy and its embrace of compliance and their support of our plan for blockchain and gaming. We look forward to working with gumi to help upgrade traditional industries in Japan, solve their pain points, thus improving the digital economy in the country.”About gumiFounded in 2007, gumi Inc. (Tokyo Stock Exchange: 3903) is a leading global mobile game publisher and developer headquartered in Japan, with overseas operations in Korea, Singapore, Taiwan, and the United States. The company has a proven record of success in launching titles worldwide, such as the widely popular role-playing games Brave Frontier and THE ALCHEMIST CODE. gumi Cryptos Inc. is the blockchain arm of gumi Inc. that mainly focuses on the blockchain related software, contents development, and investment business.For more information, please visit https://gu3.co.jp/Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInOntology announces partnership with gumi Cryptos Inc. was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 06. 24

Code is Law: a few thoughts...

Foreword: Since we started publishing the Ontology Tech Point articles, we have received a lot of positive feedback from our tech community, some of them have also expressed their wish to contribute. We welcome contribution from the community and high-quality content will be fairly rewarded. Today we selected an article by one of the community members, RandX, who shared some of his thoughts on off-chain scaling method in the following piece.I have read some blockchain articles about off-chain scaling methods, which suggested that complex business logic should be moved off the chain so that business verification and operations that need consensus can be done on the chain. A dApp developer myself, I want to share some of my thoughts on off-chain scaling.Why is off-chain scaling important?Blockchain offers users a trustless computing environment. For dApp users, the method of using blockchain is generally as follows:The user sends the signed transaction directly to the blockchain network, and cryptography ensures that the user’s signature is not forged. A trustless blockchain environment will ensure that user requests are processed by the correct smart contract (on-chain code).However, since the operation of the smart contract on the chain is generally based on the amount of computation consumed, if a smart contract is used to implement complex business logic, the user will have to pay a large fee each time the dApp is used. This will increase the burden on users to use this dApp, which is not conducive to its promotion. Therefore, in reality, most dApp developers generally implement their own complex business logic off the chain, and only perform business result verification and token settlement on the chain (using smart contracts). That is, most dApps today work as shown below:In order to further reduce the cost, and to facilitate dApp iteration and avoid the security risk of smart contracts, more often than not, dApp developers want to complete all business logic off the chain, and only process token settlement on the chain. dApp developers only call the business result validation logic on the chain when necessary (when off-chain disputes need to be resolved), which is the off-chain scaling method we are discussing in this article.2. Create an off-chain trustless computing environmentFrom the above figure, we can see that from the user’s point of view, the trustless computing environment includes the on-chain part and the off-chain part. In this scenario, the user sends his transaction off the chain, which is then processed by the off-chain code. When the user disputes the processing result of the off-chain code, the off-chain status is sent to the on-chain code to be processed, which is responsible for resolving user disputes. The on-chain code here mainly refers to dApp smart contract and off-chain code mainly refers to the result verification in the off-chain code, instead of all dApp business logic.On the blockchain, code is law. The code only refers to the code running on the blockchain platform, mainly including on-chain smart contracts, virtual machine, and ledger status related codes. As can be seen, in our current off-chain scaling solution, the on-chain code is law, while off-chain code is not law.Therefore, in the actual design, it is required that the logic of the on-chain code and the off-chain code need to be equivalent. Since the on-chain code is law, the development of the business verification logic can be completed using the development and testing process of the standard smart contract. However, since the off-chain code does not need to be implemented using a smart contract, its coding should be simpler and more convenient. However, this is often not the case. Since the on-chain code has already defined the relevant logic, the off-chain code must be 100% compatible with the logic of the on-chain code, that is, the off-chain code must be the state in ① and ④, and the state in ② and ③ may not exist, otherwise the user will be able to use this inconsistency for fraudulent behavior, and the on-chain code will not be able to identify the fraudulent behavior.3. ConclusionBased on the argument above, we believe in order to maintain a trustless off-chain computing environment, the business verification in the dApp business logic must be consistent on-chain and off-chain. How to keep it consistent then? A good method generally adopted by the community is Counterfactual instantiation. A simple explanation for CounterFactual is: off-chain operations can be sent onto the chain by users very conveniently, which means the on-chain code and off-chain code are equivalent. With the on-chain and off-chain consistency, dApps can encourage the vast majority of users to process their requests off the chain through protocol design, thus achieving scalability off-chain.Are you a developer? Make sure you have joined our tech community on Discord. Also, take a look at the Developer Center on our website, there you can find developer tools, documentation, and more.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInCode is Law: a few thoughts on off-chain scaling was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 06. 24

What can Ontology Wasm do f...

Imagine you are a dApp developer and you have just launched a puzzle game dApp on a leading public blockchain platform after months of research and coding. Since its launch, the number of users has skyrocketed. Instead of becoming complacent, you began to think about what’s next:What will become of this dApp?Scenario 1: This puzzle game is super fun! The game has taken the world by storm since its launch, and is now on the most-popular dApp ranking! So you are thinking of bringing the dApp onto other top public blockchains to reach more users.Scenario 2: User growth soon reached a plateau. So you are thinking of moving the dApp to other platforms to explore new opportunities.You then realized that if the dApp can be instantly integrated into different platforms, it will enjoy long-term growth.However, you need to use different programming languages to develop dApps on different public blockchains. If you have the same problem, then the Ontology Wasm is just the right thing for you.What is Wasm?Wasm is a binary instruction format initiated by Google, Microsoft, Mozilla, and Apple. It enables deployment on the web for client and server applications.Wasm MVP standard is now supported by most mainstream browsers. Moreover, applications written in many other languages (C, C++, and Rust) can be compiled into Wasm byte code. An application ecosystem based on this greatly reduces the learning costs for developers.Currently, EOS is one of the few public blockchains which support Wasm VM. Some are still under development. The Rust community by far offers the most comprehensive support for Wasm, as its compiler and the standard library can be used directly. Some other languages are also carrying out experimental projects on Wasm, such as Go, Python, and Java.Introduction to Ontology Wasm Virtual MachineThe Ontology Wasm Virtual Machine runs in a sandboxed environment and uses the open-sourced Wagon project as the interpretation engine for Wasm. Based on Wagon, the Ontology Wasm blocks the types and methods related to floating-point numbers and added fee calculation.Contracts are deployed and called as follows:As can be seen, we distinguish NeoVM contract and Wasm contract using contractype field, and different types of contracts will run on the corresponding virtual machine sandboxed environment.Ontology Wasm AdvantagesC++ standard support:C++ is a very popular language and has a good developer base. C++ has introduced many modern programming language features since C++11, 14, and 17, such as type inference, lambda expressions, templates for variable length arguments, list initialization, rvalue reference, and perfect forwarding, which make C++ more powerful. The C++20 standard has entered the feature freeze phase and will be a major version after the C++11 standard. Currently, frozen features such as Module and reflection will be more convenient for developers. Thanks to the support of modern standards in C++, developers can pay more attention to their business logic.2) Rust support:Rust has been voted Stack Overflow’s most liked language for three consecutive years and offers the most comprehensive support for Wasm. Developers can use Cargo, a native tool, to compile Wasm byte codes directly. They can also use the existing standard library.3) Library support:The community offers a lot of readily available resources for both C++ and Rust, which can greatly reduce the costs for developers;4) Multi-language support:As the Wasm ecosystem grows, more smart contracts written in C++ and Rust will support Wasm, so that codes can be used repeatedly in the Wasm ecosystem.Ontology Wasm C++ Contract Development ToolOntology CDTOntology CDT is a C/C++ supporting Wasm contract development tool. It supports libc/libcxx/boost/libcrypto library. The most commonly used one is libcxx. Developers can also use the frequently-used vector, array, map, list, and queue data structures and methods. The Ontology CDT provides ont_cpp, a C++ compiler, Wasm-objdump, a decompiler, and Wasm-opt optimizer. Developers can use ont_cpp to compile C++ contracts into Wasm byte codes and deploy them on the TestNet.For more details refer to the links below:a. Introduction to Ontology Wasm C++ CDT;b. Introduction to Ontology Wasm C++ CDT interface and data structure;c. How to use Ontology Cli to deploy or call Wasm contract (take OEP-4 as an example):Ontology Wasm Rust Contract Development ToolRust is currently the best language to support Wasm. The Rust contract development tool we provide supports code distribution framework, optimizes memory allocation, contract storage management, and Ontology Blockchain API, a contract testing framework.a. Introduction to Rust contract development toolb. Rust contract development tool tutorialOntology Wasm Go SDKWe provide Go SDK for automatically deploying and calling Wasm contracts.a. Wasm Go SDK;b. Wasm Go SDK contract deployment and call samplesAre you a developer? Make sure you have joined our tech community on Discord. Also, take a look at the Developer Center on our website, there you can find developer tools, documentation, and more.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInWhat can Ontology Wasm do for developers? was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 06. 20

Ontology attends OKEx Coope...

The OKEx Cooperation Summit 2019 was held from June 15th to 16th in Ho Chi Minh City, Vietnam. As the Chief Summit Partner, Ontology attended the summit with multiple ecosystem partners. The event drew an audience of over 1000 people.Jesse Liu, Marketing Director of Ontology, spoke at the summit and gave a detailed introduction to Ontology’s vision, roadmap, technological breakthroughs, ecosystem partners, and community growth. He said that globally Ontology has over 200 core members, 190 ecosystem partners, 2 million community members, and 900 developers.“Thanks to the growing Ontology ecosystem and our partnership with MovieBloc, a blockchain-based film distribution platform with 812 million users, and PAXOS, a regulated stablecoin issuer, we have seen a dramatic increase in the number of users. Our expansion to the Vietnamese market is another big step in this direction. And we will continue to build a better ecosystem for our community”, said Jesse.In an interview at the summit, Jesse also revealed that Ontology already has a clear business strategy and a complete public blockchain system, and will continue to serve traditional industries, especially business entities with hundreds of millions of real users.These users will be channeled to the Ontology ecosystem via ONT ID, which can lead to higher demand for ONG and node staking, thus boosting the demand for ONT. “Our partnership with MovieBloc is a perfect example of this strategy. We will announce more such partnerships in the near future”, said Jesse.Jesse also introduced the features and vision of PAX, the Ontology-based OEP-4 stablecoin at a panel discussion on stable coin later that day. He said OEP-4 PAX can better serve the traditional industries in the Ontology ecosystem and will be essential for channeling user traffic into the Ontology platform. In the future, a lot of Ontology’s user traffic will come from OEP-4 PAX, so that it’d be easier to integrate with third-party exchanges and wallets. OEP-4 PAX will also play a key role in the Ontology cross-chain solution, enabling users to link blockchain and the real world.In response to the questions about Ontology’s dual-token system and dApp market during a live AMA session, Jesse explained that Ontology uses a dual token (ONT and ONG) model. ONT is the governance token and can be used for staking in consensus, whereas ONG is the utility token used for on-chain services. Since the MainNet launch, ONT generates ONG periodically.He also emphasized that in terms of the dApp market, Ontology is focusing more on the quality of dApps and more applications in real business scenarios, instead of focusing only on the dApp quantity and gaming.This is the first time OKEx has established a comprehensive strategic partnership with a leading blockchain project. Through this partnership, Ontology will have access to OKEx’s resources in Southeast Asia and the two sides will work together to explore technical solutions and future trends in the region. Ontology will also work with our ecosystem partners to better serve the traditional industries in Vietnam and build a better ecosystem for our community.Finally, we would like to thank our partners OKEx, MovieBloc, Muzika, GoWithMi, Allive, and MixMarvel for their support. Most of all, a big thank you to our fans in Vietnam, who make our work so meaningful and motivate us to work harder.Xin chào, tôi rất vui mừng được gặp bạn!Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) /Telegram (Vietnamese) /DiscordTwitter / Reddit / Facebook / LinkedInOntology attends OKEx Cooperation Summit 2019 in Vietnam was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 06. 17

Ontology’s Strategic Vision...

Ontology is dedicated to working with the community to develop a win-win global ecosystem, with the aim of building a blockchain network capable of serving all businesses, and public infrastructure for trust collaboration, thus empowering business.We have long worked with investors and the community to explore new areas, such as gaming, DeFi, and the attention economy (content, short videos, and advertising trade). We will continue to do so and launch products and protocol frameworks that can be widely adopted. With the adoption of the community and the growing demand of enterprises, we are aiming to work with the community to iterate products in a more agile manner, to make Ontology the most widely adopted blockchain network in the market.More specifically, in the next stage, Ontology will strive to lead in technology, be developer- and user-friendly, and widely recognized.1. Leading in technology: To be a public blockchain project leading in scalability, stability, and performance (sharding, layer-2, high-performance chain network, and decentralized storage);2. Developer-friendly: Provide comprehensive interfaces, tools, and documentation for all developers;3. User-friendly: Provide highly secure and intuitive applications for end users;4. Business recognition: Use distributed identity, data, reputation, and contracts to build modules suitable for various business scenarios.Leading in Technology:As a public blockchain leading in sharding, layer-2, high-performance chain network, and decentralized storage, Ontology 2.0 has greatly improved its performance and scalability.▪ Sharding design: Network sharding is achieved based on hierarchical network architecture, and Ontology transaction shards are based on smart contracts. Shards communicate with each other through a reliable message queue and the verifiability of messages between shards is achieved with Merkel proof;▪ The first multi-VM smart contract platform (NeoVM, Wasm, and more): This platform further improves multi-language contract development, supports the seamless interaction between virtual machines, and optimizes the performance of virtual machines by a factor of three to five;▪ Parallel execution optimization: Parallel transaction pre-processing and efficient pre-execution mechanisms not only filter valid transactions for the system but also suit the convenience of dApp developers;▪ IO optimization: Optimize the back-end data model to achieve read-write separation of back-end data and improve the efficiency of the execution of ledger and smart contracts;▪ P2P network optimization: Create a P2P network module which allows higher scalability and fault tolerance, and pluggable P2P routing algorithm to better support the customized needs of the Ontology multichain design;▪ Cross-chain solution: The more modularized and configurable Ontology blockchain architecture makes it easier for ecosystem co-builders and developers to build their own Ontology side-chains; the interaction between both homogeneous and heterogeneous chains strengthens the cooperation between blockchain projects, thus making Ontology the public infrastructure for trust collaboration, which can better serve the blockchain ecosystem.Developer-friendly:The success of Ontology could not have been possible without the support of our developer community. Therefore, another of our continued focuses is improving the IDE toolkit, thus helping developers build their dApps on the Ontology platform.▪ The collaboration layer connects blockchain applications on the bottom and business applications on the top, and provides a complete set of APIs, which allows developers to build all types of applications;▪ Improve IDE tools to make contract and dApp development easier;▪ Promote the general-purpose ONT ID service to achieve easy interaction between traditional applications and on-chain assets;▪ Provide better SDKs for mobile and gaming engines to create good user experience;▪ Create one-click deployment tools which are compatible with mainstream public clouds to help developers use the platform;▪ Provide multilingual and readable developer documentation for the global developer community;▪ Create a contract content hub whose open-source smart contract codes can be shared, searched, and used by developers;▪ Provide comprehensive external resource integration for developers, such as globalized KYC, more distributed data sources, and more trusted data sources (Oracle).User-friendly:Based on the distributed blockchain technology, Ontology is dedicated to providing end users with highly secure and intuitive products that have a unique value.▪ Improve Punica toolkit and simplify dApp templates to help dApp developers get familiar with the main on-chain features;▪ Integration of OS native cryptographic modules can improve asset safety;▪ ONT-login feature integrated into dApps and linked to Facebook, Google, Twitter, and WeChat;▪ dApps are allowed to run Layer-2 state channels to reduce transaction costs, and even pay the transaction fees for users;▪ Decentralized storage allows dApps to keep in custody any required documents;▪ ONTO has been upgraded to a comprehensive blockchain end application, which supports more platforms, assets, and applications, thus providing one-stop services for users.Business Recognition:Large-scale distributed applications need a digital platform and real business. Using distributed ID, data, reputation, contracts, and other mechanisms to establish a connection module suitable for various business scenarios, and build a distributed trust collaboration platform to become the global trust collaboration infrastructure.▪ Further upgrade the modules of the distributed trust collaboration platform to — distributed identity, data, reputation, and contracts — to support global business collaboration;▪ Deliver high-performance infrastructure, and provide a technology platform that can meet enterprise-level business needs;▪ Customized services to meet the needs for privacy, copyright protection, and other enterprise-level needs;▪ Seamlessly link token and new businesses of enterprises;▪ Meet the security and SLA needs of enterprises, such as supporting hardware keys and account recovery based on the sub-accounts of the contract;▪ Contributed to the formulation of ISO, IEEE, W3C, and other international standards compatible with Ontology modules, which have won worldwide recognition.Are you a developer? Make sure you have joined our tech community on Discord. Also, take a look at the Developer Center on our website, there you can find developer tools, documentation, and more.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInOntology’s Strategic Vision for 2019 was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 06. 12

An introduction to Ontology...

Last time we introduced Ontology smart contracts. In this article, we will talk about SmartX, a one-stop IDE that can be used to compile, deploy, invoke, test, and debug smart contracts. It provides a range of smart contract templates and a powerful online editor. By reading this article, developers will know how to write, compile, deploy, and invoke smart contracts using SmartX.Chapter 1: Create ProjectVisit https://smartx.ont.io, then select your ONT ID file and enter your password to sign in as shown in the figure below. Developers can also use their GitHub account to log in.After you have signed in, you will be directed to the project list page, where you can choose to open an existing smart contract project or create a new one.Chapter 2: Write and Compile Smart ContractsAfter you have created a new project, you can choose your preferred programming language to write a smart contract. Currently, C# and Python are supported. We recommend you to use Python smart contract since it has the most complete technical support. Then you enter the main editor page where the contract editor is in the middle, the running output is printed in the bottom, and the operation panel is on the right. Developers can start writing smart contracts in the editor, and there are many templates readily available.After you finished writing your smart contract, you can click the Compile button on the operation panel to compile your code. If your code is correct, your smart contract will be compiled to the ABI and AVM file and will be displayed on the operation panel.Chapter 3: Deploy Smart ContractNext, you can deploy the smart contract on the Ontology blockchain by clicking the Deploy button, and Cyano Wallet will be invoked to sign and pay the required ONG amount. Deploying contract costs about 10 ONG. Cyano Wallet will be used to deploy and invoke the smart contract. See How to Use Cyano Wallet.The result of the deployment will be printed in the output box. You can copy the results of the transaction hash to the Ontology blockchain browser to further confirm if the deployment is successful. In addition to SmartX, you can use the Ontology SDK to deploy a contract.Chapter 4: Invoke Smart ContractFinally, you can run the method of your contract. You can select the method you want to run, enter the correct parameter value, click the Run button, and invoke the smart contract. After you click the Run button, Cyano Wallet will be invoked to sign and confirm the transaction.The result of the invocation will be printed in the output box. In addition to SmartX, you can use the Ontology SDK to deploy a contract.Chapter 5: ConclusionSmartX also provides a variety of tools that allow developers to exchange all types of data, such as converting the public key into an address and withdrawing private keys from Keystore.In the future, SmartX will also support Ontology — WASM online compiler and more programming languages, including Java, Rust, Go, and JavaScript. SmartX will work like GitHub to be a distributed software project hosting platform. It will support multiple people to participate in and share a complex contract, and at the same time, implement a set of economic incentives and integrate fair governance policies to reflect the contributions of each participant, which will encourage smart contract writing, transaction, collaboration, community building, and the development of a valuable smart contract ecosystem.Are you a developer? Make sure you have joined our tech community on Discord. Also, take a look at the Developer Center on our website, there you can find developer tools, documentation, and more.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInAn introduction to Ontology smart contract tool SmartX was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 06. 08

The 49th node joins Ontology

Last month it was announced Ontology Triones node applications would remain open and the network would continue to grow as business on Ontology grows.KarathenKarathen has now joined the Ontology Triones candidate node network with a current stake of 100,010 ONT. Karathen is a decentralized multi-chain wallet app which supports ONT, BTC, ETH, NEO, and EOS. It also supports dApps and different kinds of hardware wallets. Karathen will soon support Ontology dApps and promote them within their community.Consensus node reward adjustmentsOntology recently expanded its consensus network to 8 nodes, welcoming Jumple Foundation to the consensus network. As the consensus network continues to grow, Ontology would like to create a fairer opportunity for candidate nodes joining the expanding consensus network to offer competitive reward shares to users authorizing stakes in them. That is why the reward proportion for authorized stakes in the original 7 Ontology Foundation-managed nodes (Mixar, Alioth, Dubhe, Merak, Phecda, Megrez, and Alkaid) each recently reduced their reward share to 80% after Ontology suggested lowering the reward share. The reward deduction will pay for node operation costs and the remainder will be put towards ecosystem funds.We are in the process of introducing new consensus node partners and are confident in that creating this new reward structure will attract more big players to Ontology. We will announce detailed information on how Ontology plans to increase its consensus network in the upcoming Governance White Paper. In the meantime, if you would like to become an Ontology node, read more and apply here.Are you a developer? Make sure you have joined our tech community on Discord. Also, take a look at the Developer Center on our website, there you can find developer tools, documentation, and more.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInThe 49th node joins Ontology was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ontology

19. 06. 06

Ontology participates in Cr...

Ontology Participates in CryptoChicks Hackathon in TorontoLast week, Ontology participated in the CryptoChicks hackathon in Toronto, Canada. CryptoChicks invites all women to learn blockchain technology in-depth and then implement it in a project of their choice. Their sponsor BlockGeeks.com provides all female participants with free online blockchain education.CryptoChicks ran a hackathon following a three-day conference in which they invited outstanding blockchain professionals from all over the world to speak and share their knowledge.At the hackathon, Ontology held two workshops which introduced ONTO, Ontology dApps, SmartX, and Punica. Three teams developed on Ontology, together sharing a prize of $2,500 between them.Erick Pinos, Ontology Ecosystem Development Partner, presented Ontology to an audience of over 100 attendees prior to announcing the Woman of the Year Award to Ananya Chadha, who won the CryptoChicks hackathon the previous year. Chadha was awarded $2,500 in ONT.Thank you to everyone who attended!Are you a developer? Make sure you have joined our tech community on Discord. Also, take a look at the Developer Center on our website, there you can find developer tools, documentation, and more.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInOntology participates in CryptoChicks Hackathon in Toronto was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.