Ontology (ONT) is a high-performance public blockchain and distributed collaboration platform.  The ecosystem is facilitated with the ONTO Wallet. 

With the blockchain technology booming than ever before, there is an increase in the numbers of users making use of this technology.  There is a need to sustain operational efficiency without interfering with the pace of development due to complex confirmation processes and consensus. Ontology is in agreement with enterprises that feel that scalability is supposed to be the priority.

Ontology tweeted:  “Contributing to a more comprehensive public chain platform, Ontology’s Layer 2 is launched!  As an off-chain scalability technology, it offers higher performance & lower rates. Enterprises can safely store a large number of transaction records off-chain.”

Ontology being an off-chain scalability technology, the Ontology Layer 2 provides higher performance and lower rates.  Thus, enterprises will now be able to store large numbers of their transactions off-chain and, at a later point in time, feel powered to add it on to the chain when interacting becomes necessary.  Thus reducing transaction costs and drastically improving performance.

Sydney Ifergan, the crypto expert, tweeted:  “Trying to understand the Ontology Layer 2 with 3 main parts.  Ontology Deposit to Layer 2, Layer 2 Withdraw to Ontology, and Layer 2 transactions and security guarantee. Worth the Knowledge for Time spent.”

Ontology AMA Alert

Lately, Ontology was a part of a lot of webinars and virtual booths.  Getting to know Ontology Better got easier with REIMAGINE 2020.

Ontology tweeted:  Have you seen @erickpino’s talk on #blockchain at the unique 72-hour virtual conference at @REIMAGINE_2020, with over 5,000 participants from all over the world? You can watch it back now via @YouTube & learn more about #Ontology 2.0.”

Ontology is organizing a lot of AMAs.  A recent Ontology AMA alert announced May 28, 2020, AMA with Haydee Barroso, Co-Founder at Atani Official.  The event facilitates $100 ONT rewards.

Recently, they had an AMA with OKex, and stated that they were pleased by surprise to the Ontology community about, “20,000 $USDT is available now for users who trade $ONT Swap on OKEx! Trade #ONT.”

Net deposit amount = deposit amount to ONT perpetual swap account during activity- withdraw amount from ONT perpetual swap account during activity.

Also, participation in the activity is set in a way to require KYC2 verification. Also, malicious transactions and malicious behaviors will lose the qualification for being rewarded.