Ontology Blockchain Marks Sixth Anniversary of MainNet Launch

Celebrating Progress and Future Potential
The Ontology Network, a groundbreaking blockchain platform, commemorates its 6th anniversary since the launch of its MainNet by reflecting on achievements and envisioning the future of Web3 and decentralized identity.
Since its establishment in June 2018, Ontology’s blockchain has transformed from a focus on digital identity and data solutions to a full-fledged Web3 ecosystem. Throughout these six years, Ontology has attained significant milestones, continuously enhancing its blockchain in areas such as staking, governance, accessibility, and user experience. These developments showcase Ontology’s dedication to innovation and community expansion.
A Path of Innovation and Development
2018: The Start
On June 30, 2018, Ontology introduced MainNet version 1.0, introducing the dual-token system (ONT and ONG) and providing tools for developers to create decentralized applications (dApps) and smart contracts.
2019: Advancing Scalability and Interoperability
On June 30, 2019, Ontology implemented sharding technology and launched its cross-chain TestNet, enhancing scalability and cross-chain compatibility.
2020: Improving Transaction Efficiency
On June 30, 2020, Ontology released MainNet 2.0, integrating layer-2 technology to boost transaction speed and efficiency.
2021: Broadening Smart Contract Support
On June 30, 2021, the launch of the Ontology Ethereum Virtual Machine (EVM) test network enabled support for various smart contract types, positioning Ontology as a versatile public-chain platform.
2022: Strategic Growth
Ontology EVM Fund: Ontology initiated a $10 million EVM fund to support global developers. This was followed by a global online hackathon in April 2022, fostering innovation within the Ontology ecosystem.
Recent Achievements and Future Outlook
2023: Scaling and Staking Innovations
Goshen Network: The development of an Optimistic-rollup-based Layer 2 solution enhanced scalability, along with the bitcoin L2, providing more interoperability to Ethereum and Bitcoin ecosystems.
Liquid Staking: Introduction of stONT offered ONT token holders increased flexibility and liquidity in staking.
Expansion of Consensus Nodes: More partners, such as Bwarelabs and StackUp, joined the network.
Enhanced Developer Relations: Collaborative efforts between Ontology and StackUp aimed to support the developer community.
2024 (upcoming): Enhancing Security and User Experience
Slash Mechanism: Implementation of a slash mechanism for consensus nodes to strengthen security and stability.
Improved Staking Experience: Optimized ONT staking and node operation experience in the ONTO Wallet for enhanced user-friendliness.
Celebrating Progress
Ontology’s blockchain has achieved significant network statistics, indicating 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
*Statistics as of 06/29/24
These metrics demonstrate Ontology’s active usage in decentralized identity management and data solutions, solidifying its position as a high-performance, secure public blockchain platform.
Looking Forward
Ontology remains committed to constructing a secure, scalable, and user-friendly Web3 infrastructure. The network aims to continue promoting innovation through strategic partnerships, developer support, and community engagement. As Ontology celebrates its 6th MainNet anniversary, it anticipates a future where decentralized identity and data solutions are fundamental to digital interactions.
Join the Festivities
Ontology Network expresses gratitude to the community, developers, and partners who have contributed to this remarkable journey. Together, we anticipate many more years of innovation and growth in the blockchain realm.
Ontology has exciting campaigns planned for the upcoming months, aiming to engage our community further and reward loyal supporters. Stay tuned for:
– Staking Incentives: Opportunities for stakers to earn additional rewards.
– Node Operator Rewards: Prizes for fortunate node operators.
– Community Events: Educational sessions on Web3, decentralized identity, and Ontology’s ecosystem.
Connect with Ontology:
– Ontology website
– ONTO website
– OWallet (GitHub)
– Twitter
– Reddit
– Facebook
– LinkedIn
– YouTube
– NaverBlog
– Forklog
– Telegram Announcement
– Telegram English
– GitHub
– Discord
About Ontology Network:
Ontology is a high-performance, open-source blockchain specializing in decentralized identity and data solutions. With its distinctive dual-token system and comprehensive developer tools, Ontology aims to establish a robust and scalable infrastructure for Web3 applications.