Altcoin Explorer: Ontology, the Enterprise-Grade Blockchain to Protect Data and System
After migration, the Ontology platform introduced a two-coin system (ONT and ONG) as it is the case with the NEO blockchain. Although it is a public blockchain, Ontology was created to meet the needs of companies, large or small, who wanted to integrate distributed systems within their business model while keeping their data private.
The blockchain Ontology Network can ideally be divided into three main parts:
The Ontology Infrastructure or basic level is composed of ONT blockchains (an ecosystem of private and non-private blockchains), the ONT blockchain Framework and the Interaction Protocol, a function that allows it to be compatible with other blockchains. The second level, or Ontology Module and Protocols, consists of some frameworks such as ONT ID, ONT Data, and ONT Scores, respectively a standard for distributed identity, for cooperation and data exchange, and a framework that allows the establishment of a credit score logic for businesses.
