$0,04367
−5.16% (24h)
Market Cap
$43,67M
Volume 24d
$5,73M
Updated at
17:18 UTC
Price Chart
| Date | Price (USD) |
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What is Ontology?
Ontology (ONT) is a blockchain platform focused on digital identity and enterprise data solutions, categorized as a Layer-1 protocol. Launched in 2018 by founders Li Jun and Andy Ji, the project aims to create a network for trust-based collaboration and data exchange. The platform utilizes a consensus mechanism called VBFT, which is a variation of Byzantine Fault Tolerance designed for efficiency. Ontology's core mission is to enable businesses to build on its blockchain and manage digital identity and data securely. It provides a suite of protocols and frameworks to support these enterprise-level applications, positioning itself within the identity and data management sectors of the crypto ecosystem.
How does Ontology work?
Ontology's network is secured through its proprietary consensus mechanism, VBFT. This system combines Proof-of-Stake (PoS), Verifiable Random Function (VRF), and Byzantine Fault Tolerance (BFT) to achieve consensus. The VBFT model is designed to improve transaction speed and scalability for enterprise use cases.
The network relies on a system of consensus and candidate nodes to validate transactions and produce new blocks. Consensus nodes are selected from a pool of candidate nodes based on their stake and a random selection process. These nodes are responsible for maintaining the integrity and security of the distributed ledger.
When a user initiates a transaction, it is broadcast to the network for verification by the nodes. The VBFT algorithm then facilitates the process of ordering and confirming these transactions into blocks. Once a block is finalized and added to the blockchain, the transaction is considered complete and irreversible.
Ontology use cases
Ontology provides a framework for various applications centered on trust and data exchange, primarily targeting the complex needs of modern enterprises. Its core infrastructure is specifically designed to support the development of solutions that require verifiable digital identity and the secure handling of sensitive corporate information.
- Digital Identity: Ontology offers a decentralized identity framework that allows users and businesses to manage their own digital identities securely and privately across different platforms.
- Data Management: The platform provides tools for businesses to manage data exchange and collaboration with enhanced security, control, and traceability across various systems.
- Enterprise Blockchain: It enables businesses to build and deploy custom blockchain solutions tailored to their specific operational requirements, facilitating trust in multi-party environments.
Ontology tokenomics
The tokenomics of Ontology (ONT) are defined by a fixed maximum supply capped at 1,000,000,000 tokens. This hard cap means that no additional ONT tokens will ever be created, establishing a finite supply for the asset. According to available data, the circulating supply is also 1,000,000,000 ONT, which indicates that the entire maximum supply has been released into the market. This structure provides a clear and predictable supply schedule for participants in the ecosystem. The ONT token is integral to the network's VBFT consensus mechanism, where it is used for staking by nodes to help secure the network and participate in governance.
Ontology price history & milestones
Ontology (ONT) launched in 2018, entering the market as a Layer-1 blockchain focused on enterprise solutions for identity and data. The token's price history reflects the volatility common in the digital asset market since its introduction. Its performance over the years has been marked by significant price movements, establishing key historical data points for market observers. The all-time high for ONT was recorded on May 3, 2018, when its price reached $11.18. Conversely, the token's all-time low was documented on March 8, 2026, at a price of $0.03894. Based on market capitalization, Ontology currently holds a market rank of 437 among other cryptocurrencies.
Frequently asked questions
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What is the current price of Ontology?
As of 17:18 2026-06-23, Ontology (ONT) is trading at $0,04367. Prices update every 5 minutes on this page. -
Is Ontology a good cryptocurrency to buy on Switchere?
Switchere does not provide investment advice. You can buy Ontology on Switchere; whether it's right for you depends on your own research and risk tolerance. -
What is Ontology's consensus mechanism?
Ontology uses a consensus mechanism known as VBFT, which stands for Verifiable Byzantine Fault Tolerance. This system is a hybrid model that combines elements of Proof-of-Stake (PoS), Verifiable Random Function (VRF), and Byzantine Fault Tolerance (BFT). It is designed to provide high transaction throughput and network scalability for enterprise-grade applications. -
What is the all-time high price of Ontology (ONT)?
The all-time high price for Ontology (ONT) was $11.18. This price was reached on May 3, 2018. Since its launch, the token's value has fluctuated in response to market dynamics. This historical peak represents the highest valuation the asset has achieved to date, serving as a key data point for market analysis. -
Where can I buy Ontology?
You can buy Ontology on Switchere using a wide range of payment methods including credit cards, debit cards, Apple Pay, Google Pay, SEPA bank transfers, and supported digital wallets. The process typically completes within a few minutes after identity verification. -
Can I buy Ontology with a credit card?
Yes. Switchere supports Ontology purchases with Visa and Mastercard credit and debit cards. Card payments are protected by 3D Secure authentication and typically settle to your Switchere wallet within a few minutes of approval.
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