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Convert
Brazilian Real (BRL) to Ontology (ONT) Instantly

BRL BRL
ONT ONT
Buy Ontology (ONT)

Purchase Ontology (ONT) with Brazilian Real (BRL) easily at Switchere and benefit from fast, secure transactions.

About
Ontology (ONT)

Ontology (ONT) is a high-performance public blockchain project engineered to construct a decentralized trust ecosystem. It specifically addresses the complex challenges of digital identity verification and data management by providing robust decentralized identity (DID) solutions and secure data exchange frameworks. The platform aims to empower users with control over their digital assets and identity, fostering trust collaboration across various Web3 applications and enterprise scenarios. This focus on data sovereignty and self-sovereign identity is a core tenet of its design.

At its technical core, Ontology utilizes a unique consensus mechanism known as Verifiable Byzantine Fault Tolerance (VBFT), an innovative hybrid combining Proof-of-Stake (PoS), Verifiable Random Function (VRF), and Byzantine Fault Tolerance (BFT) for enhanced network security and transaction finality. It supports versatile smart contract development, notably featuring the Ontology EVM to ensure compatibility with Ethereum-based applications, thus broadening its appeal for dApp developers. The platform operates on a dual-token model: ONT, the primary digital asset, is used for staking in network consensus and governance participation. Ontology Gas (ONG) functions as the utility token, facilitating on-chain services such as transaction fees and smart contract deployment on its digital ledger.

Ontology's architecture, including its ONT ID for decentralized identity and the Decentralized Data Exchange Framework (DDXF), positions it as a key infrastructure provider for building applications where trust and cryptographic security are paramount. By enabling businesses and individuals to manage and exchange data securely, Ontology contributes significantly to the maturation of Web3 infrastructure, offering a specialized blockchain technology solution for integrated identity and data protocols within a decentralized network.

Ontology (ONT)

How to Buy Ontology (ONT)

swipe Step-by-step guidance
card Easy credit card payments
btn Streamlined purchase process
  1. Step 1 illustration
    01

    Choose BRL to ONT Pair

    Select your preferred payment method and enter the amount.

  2. 02

    Enter Your Ontology Wallet Address

    Provide your ONT wallet address and proceed with the payment.

  3. 03

    Receive Your Ontology

    Complete the payment, and your ONT will be sent to your wallet.

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Frequently asked questions

  • What are the common methods to buy Ontology (ONT) with Brazilian Real (BRL)?

    To purchase Ontology (ONT) with BRL, the most common fiat on-ramp methods involve using Brazilian cryptocurrency exchanges that list the ONT/BRL pair. Users typically complete a KYC/AML verification process and then deposit BRL via instant payment systems like Pix, or traditional bank transfers like TED. Once the BRL is credited, you can place an order for ONT on the exchange's spot market and then withdraw the digital asset to a secure personal digital wallet that supports the Ontology network.

  • What is the role of ONT Gas (ONG) when transacting with Ontology?

    Ontology utilizes a dual-token model. When you acquire ONT, the primary governance token, it automatically generates ONT Gas (ONG), the utility token. ONG is used to pay for network fees for all blockchain transactions, such as smart contract execution or asset transfers. Therefore, holding ONT in a compatible wallet not only represents a stake in the network but also provides you with the necessary ONG to interact with its ecosystem of dApps and services.

  • How does Ontology's focus on Decentralized Identity (DID) add value to my ONT holding?

    Ontology's core mission is to build a trust ecosystem using blockchain. Your ONT tokens are integral to this. The platform's key feature, ONT ID, is a decentralized identity framework that gives users control over their digital identity. This system, along with features like OScore (a reputation score), facilitates trusted data exchange and collaboration. Holding ONT means you are invested in a project pioneering secure, self-sovereign digital identity solutions, a critical component for the future of Web3 and secure data management.

  • How does the VBFT consensus mechanism ensure the security of my BRL to ONT transaction?

    Once you convert your BRL to ONT on an exchange, the security on the Ontology blockchain itself is maintained by its VBFT consensus mechanism. VBFT (Verifiable Byzantine Fault Tolerance) is a hybrid protocol combining PoS, VRF (Verifiable Random Function), and BFT. This design ensures high transaction throughput, network stability, and quick finality. For your ONT, it means that once your transaction is confirmed on the network, it is securely and irreversibly recorded, preventing double-spending and ensuring the integrity of your digital asset holding.

  • Are there specific wallet requirements for storing ONT purchased with BRL?

    Yes, after your fiat on-ramp transaction, it's crucial to move your ONT off the exchange. You need a digital wallet that specifically supports the Ontology blockchain. The official wallet is ONTO Wallet, but many third-party multi-chain wallets also support ONT. For enhanced security of your digital asset, consider a hardware wallet compatible with Ontology. Always verify wallet compatibility to ensure you can manage your ONT, view your staking rewards, and access the ONG generated.
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