The live price of Ontology Gas (ONG) today is 0.357947 USD, and with the current circulating supply of Ontology Gas at 363,574,688.96 ONG, its market capitalization stands at 130,140,371 USD. In the last 24 hours ONG price has moved -0.006191 USD or -0.02% while 2,363,608 USD worth of ONG has been traded on various
exchanges. The current valuation of ONG puts it at #256 in cryptocurrency rankings based on market capitalization.
Learn more about the Ontology Gas blockchain network and how it works or follow the price of its native cryptocurrency ONG and the broader market with our unique COIN360 cryptocurrency heatmap.
Ontology Gas (ONG) is a unique cryptocurrency that operates within the Ontology blockchain, a high-performance public blockchain project, and a distributed trust collaboration platform. ONG is used as a utility token for on-chain services, playing a crucial role in maintaining the Ontology network's operations.
Technology & Mechanism
Ontology Gas operates on the Ontology blockchain, which is built with a unique, layered distributed ledger and smart contract systems.
Ontology uses a VBFT consensus algorithm, a combination of Proof-of-Stake (PoS), Verifiable Random Function (VRF), and Byzantine Fault Tolerance (BFT). This consensus mechanism ensures high performance and robust security.
Ontology's blockchain technology is designed to support robust cross-chain collaboration and Layer 2 scalability, providing high-performance customization for diverse business scenarios.
Ontology Gas offers several key features:
Ontology's high-performance infrastructure supports large-scale business applications.
The VBFT consensus mechanism ensures the security of the Ontology network.
Ontology provides a series of decentralized identity and data sharing protocols to enhance privacy protection.
Ontology's trust network is built with multiple industry-specific blockchains and a public blockchain.
Development Team & Governance
Ontology is developed by a Chinese company, Onchain, led by founders Jun Li and Da HongFei. The governance of the Ontology network is maintained by the Ontology Foundation.
Use Cases & Potential Impact
Ontology Gas is used to fuel transactions on the Ontology network, including smart contract execution and storage. It has the potential to impact various industries, including finance, insurance, and supply chain.
Purchase & Storage
How to Buy
Ontology Gas can be purchased on various cryptocurrency exchanges, including Binance and Huobi.
Wallets & Storage
ONG can be stored in any wallet that supports the Ontology network, including the official Ontology wallet, OWallet.
Partnerships & Collaborations
Ontology has partnered with various companies in the blockchain industry, including Daimler, SAGA, and Google Cloud.
Ontology continues to develop and improve its network, with plans to enhance cross-chain collaboration and expand its business partnerships.
Risks & Challenges
Like any cryptocurrency, Ontology Gas faces potential risks, including market volatility and regulatory changes.
Community & Regulatory Compliance
Ontology has a strong community of developers and users who contribute to the network's growth and development.
Ontology complies with all relevant regulations in the jurisdictions it operates in, ensuring the legality of its operations.
In conclusion, Ontology Gas is a unique cryptocurrency that plays a crucial role in the Ontology network. Its high-performance infrastructure, robust security, and strong community make it a promising project in the blockchain industry.