Ontology Cash is based on the third-generation smart contract blockchain technology, combined with big data and cloud computing in the on-site physical business credit ecosystem. Ontology Cash will also provide smart contract templates and frameworks, application components, and customized APIs and SDKs. Ontology starts with commercial credit transfer and big data, improves infrastructure construction through blockchain technology, builds a commercial credit transfer transaction service platform, integrates the advantages of local industries, local finance, data and other parties, and integrates enterprise business data, transaction data and The combination of blockchain will create a financial service system based on credit data for the on-chain enterprises, and gradually develop credit data as the core.
Ontology Cash is different from traditional network communication methods because it uses a clustering algorithm that uses the inherent characteristics of the triangle to ensure connectivity. Through this algorithm, a highly connected backbone network is formed in the network, reducing the routing table overhead of the network and the communication overhead of the entire network.
Ontology uses DKSCA (distributed key security clustering algorithm) exclusively. The authentication of the node is divided into four stages, and two broadcast messages need to be received before the node can process and forward it. In the protocol initiation, the cluster head node broadcasts the authentication message, so that three surrounding cluster head nodes that can communicate with each other initiate the protocol and enter the key search phase.
The DKSC technology adopted by Ontology not only solves the cross-chain communication problem, but also improves the security of digital assets. It is reflected in two aspects: key sharding and distributed storage, which greatly improves security and reliability.
Ontology Cash's hybrid consensus mechanism combines PoW and PoS together and operates in layers. All PoS miners can realize the parallel processing of transaction information across the entire network through clustering technology. The transaction information processed by each cluster does not cross each other, which greatly improves the transaction processing ability of Ontology Cash, which is Application provides basic support.
ONTC Team Introduction
Total issuance: 48 million, 15 million in circulation, 5 million in mining
ONTC Project Planning
ONTC Ontology Gold Project 1.0 planned release
ONTC project started, global roadshow
ONTC begins to recruit ecological collaborators
ONTC begins to recruit partners worldwide
ONTC commercial applications began to land
Up to 1,000 applications in the ONTC global ecosystem