Ontology will discuss the development of the project with the community on May 2.

GateUser-f090498e · 2025-05-04T06:05:53+00:00

Ontology will discuss project developments with the community on May 2 at 7:00 UTC, with Umy.com joining as a new participant. The event will cover project updates and future developments. Ontology is an open-source blockchain ensuring trust, privacy, and security in the Web3 space for enterprises and users, offering customization options for specific applications and facilitating interaction between different blockchain systems. The ONT token is part of Ontology's dual-token system, with ONT for network governance and ONG for transaction fees and smart contract execution.

GateUser-f090498e

2025-05-04 06:05:53

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Ontology will discuss the project’s development with the community on May 2 at 7:00 UTC. It is noted that a new participant in the event will be Umy.com. The event will cover the latest project updates as well as future developments.

Information about ONT

Ontology is an open-source blockchain that provides trust, privacy, and security in the Web3 space for enterprises and individual users.

Ontology functions as a blockchain framework that supports public blockchain systems and offers customization capabilities for specific applications. The system facilitates interaction between blockchains with different protocol groups, promoting the development of common modules of basic infrastructure for various distributed scenarios, including digital identity and distributed data exchange.

The ONT token was created as part of the two-tier token system of Ontology. ONT is a governance token used for voting on network decisions, while ONG (Ontology Gas) is a utility token used for paying transaction fees and executing smart contracts on the network.

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