Reflecting on Achievements and Looking to the Future: Ontology Network Celebrates 6th Anniversary
Ontology Network, a groundbreaking blockchain platform, is commemorating the 6th anniversary of its MainNet launch by highlighting its milestones and presenting its vision for the future of Web3 and decentralized identity.
Since its establishment in June 2018, Ontology’s blockchain has evolved from a system focused on digital identity and data solutions to a comprehensive Web3 infrastructure. Throughout these six years, Ontology has accomplished significant milestones, consistently enhancing its blockchain in terms of staking, governance, access, and user experience. These advancements demonstrate Ontology’s commitment to innovation and community growth.
A Journey of Innovation and Growth
2018: The Beginning
On June 30, 2018, Ontology’s MainNet version 1.0 was introduced, bringing forth the dual-token system (ONT and ONG) and providing developers with tools to create decentralized applications (dApps) and smart contracts.
2019: Enhancing Scalability and Interoperability
On June 30, 2019, Ontology implemented sharding technology and launched its cross-chain TestNet, improving scalability and cross-chain compatibility.
2020: Boosting Transaction Efficiency
On June 30, 2020, Ontology released MainNet 2.0, integrating layer-2 technology to enhance transaction speed and efficiency.
2021: Expanding Smart Contract Support
On June 30, 2021, the Ontology Ethereum Virtual Machine (EVM) test network was launched, enabling support for multiple smart contract types, solidifying Ontology’s position as one of the most versatile public-chain platforms.
2022: Strategic Expansion
Ontology launched the Ontology EVM Fund, a $10 million fund aimed at supporting global developers. This was followed by a global online hackathon in April 2022, fostering innovation within the Ontology ecosystem.
Recent Milestones and Future Prospects
2023: Scaling and Staking Innovations
The incubation of the Goshen Network, an Optimistic-rollup-based Layer 2 solution, has further enhanced scalability. Additionally, the introduction of the Bitcoin L2 has provided increased interoperability between the Ethereum and Bitcoin ecosystems.
Liquid Staking
The introduction of stONT has given ONT token holders more flexibility and liquidity when staking.
More partners join the network as Consensus Nodes
Bwarelabs and StackUp have joined the network as Consensus Nodes, further expanding Ontology’s ecosystem.
TestNet Faucet
Bwarelabs has made its faucets available for ONT and ONG test tokens on Ontology and Ontology EVM.
Developer Relations
Ontology and StackUp have collaborated on a campaign focused on removing barriers for the developer community.
2024 (coming soon): Enhancing Security and User Experience
Slash Mechanism
A slash mechanism will be implemented for consensus nodes to enhance security and stability.
Improved Staking Experience
The ONTO Wallet will optimize ONT staking and node operation experience, making participation more user-friendly.
Celebrating Achievements
Ontology’s blockchain has achieved significant network statistics, illustrating its growth and adoption:
– Block Height: 17,649,850
– Total Transactions: 19,479,340
– Unique Addresses: 1,541,273
– ONT ID Registrations: Over 1.6 million
*These figures were calculated on 06/29/24.
These metrics demonstrate Ontology’s active use in decentralized identity management and data solutions, solidifying its status as a high-performance and secure public blockchain platform.
Looking Ahead
Ontology remains dedicated to building a secure, scalable, and user-friendly Web3 infrastructure. The network aims to foster innovation through strategic partnerships, developer support, and community engagement. As Ontology celebrates its 6th anniversary of MainNet launch, it anticipates a future where decentralized identity and data solutions play a vital role in everyday digital interactions.
Join the Celebration
Ontology Network expresses its appreciation to the community, developers, and partners who have been part of this incredible journey. Together, they look forward to many more years of innovation and growth in the blockchain space.
Ontology has several exciting campaigns planned for the upcoming months, aiming to further engage the community and reward dedicated supporters. Stay tuned for:
Staking Incentives
Opportunities for stakers to earn additional rewards as a token of gratitude.
Node Operator Rewards
Chances for node operators to win extra stakes for their nodes.
Community Events
Sessions designed to educate and empower users about Web3, decentralized identity, and Ontology’s ecosystem.
Follow Ontology:
Ontology website
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ONTO website
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OWallet (GitHub)
Twitter
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Reddit
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Facebook
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LinkedIn
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YouTube
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NaverBlog
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Forklog
Telegram Announcement
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Telegram English
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GitHub
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Discord
About Ontology Network:
Ontology is a high-performance, open-source blockchain that specializes in decentralized identity and data solutions. With its unique dual-token system and comprehensive suite of developer tools, Ontology aims to establish a robust and scalable infrastructure for Web3 applications.
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