Ontology

Halal Rating :
Comfortable
Last Price $0.30 Last updated:
Rank 264
1D Change -0.55 %
Market Cap $273.76m
Circulating supply 900,697,857
Maximum supply 1,000,000,000

Crypto Overview

Categories
  • Enterprise Solutions
  • Identity
  • Polkadot Ecosystem
  • Metaverse
  • Huobi Capital Portfolio
  • Fantom Ecosystem
  • Web3
  • Near Protocol Ecosystem
  • BNB Chain

Ontology is a new high-performance public blockchain project & a distributed trust collaboration platform.It provides new high-performance public blockchains that include a series of complete distributed ledgers and smart contract systems. Ontology is a blockchain framework supports public blockchain systems and is able to customize different public blockchains for different applications. It also supports collaboration amongst chain networks with its various protocol groups.They will constantly provide common modules on the underlying infrastructure for different kinds of distributed scenarios, such as those for the distributed digital identity framework, distributed data exchange protocol, and so on. Ontology was created in 2017 by a Chinese company called OnChain, which is led by founders Erik Zhang and Da HongFei. OnChain has had huge success in the cryptocurrency industry, as they were also the founders behind the NEO blockchain, which is now a multi-billion dollar project. Essentially, Ontology was created as a way for businesses of all sizes to install blockchain technology within their company, without having to completely change all of their current systems. The purpose of the Ontology framework is that it is not intended to operate as a single blockchain. Instead, the technology will allow businesses to make full use of both a private and public blockchain. Each and every data transaction is confirmed in a decentralized environment, meaning that no single person or authority can take control of the network.

Crypto Impact

To assign a comfort level investing in Ontology from a halal perspective we need to determine whether it has a net positive or negative impact.

Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Ontology.

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Justification for our Halal Rating