The Ontology blockchain platform introduced the “trusted and decentralized” identifier P2P communication network so let’s find out more in the Ontology news crypto.
Ontology is a high-performance blockchain platform that has a market cap of over $510 million. the Ontology blockchain platform recently announced the launch of “ONT Mercury” which is a decentralized identifier based peer to peer communication network that will complement the capabilities of the platform that will involve Decentralized Identity Interoperability and security.
The Mercury framework will include support for different messages such as verifiable credential-related and general messages. The framework will offer support for message routing and security as well. Ontology providers a Go Software development Kit and other SDKs and more languages will be offered in the future so the developers can implement a few other messaging solutions.
The team recently launched a Decentralized Identity solution that will assist digital currency investors by managing the exchanging assets in a secure manner. The new solution will allow crypto holders to have “full oversight” in their dashboards. The founder of Ontology Li Jun stated:
“With the goal of enabling the secure communication connection between decentralized IDs, we are delighted to announce further progress with respect to our Decentralized Identity solution suite, specifically the launch of the Ontology Mercury framework. Today’s announcement captures our far-reaching ambition to strengthen the technical prowess of our ONT ID, and broaden the scope of potential associated applications significantly.”
The platform teamed up with the NEAR protocol developers in order to speed up the development and deployment of the decentralized identity solutions. The team will offer technical support for the NEAR decentralized Identifier looking it from a regulatory perspective. The solution will have multiple smart contract features and will go through a W3C registration. $150 million in ONT tokens were staked on the network as of early August this year. The ONT team celebrated two years since the launch of the mainnet that serves as a “high performance” enterprise blockchain.
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There are more than 70 decentralized applications now that are live on the Ontology mainnet. As in the previous Ontology news crypto, There is a new partnership in the crypto world, this time between Chainlink and Ontology, focusing on improving the smart contract ecosystem. ONT is building a “last mile for blockchain applications” and is one of the crypto projects that never had an initial coin offering (ICO).
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