Information about ONT

Ontology is an open source blockchain that provides Web3 trust, privacy, and security for businesses and individual users.

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

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