ONG (Ontology Gas) is Ontology’s second functional cryptographic token. ONG is designed to be used solely on the Ontology network, which is required as virtual crypto “fuel” for using certain designed functions on the Ontology network. The total supply of ONG is 1,000,000,000.
Ontology MainNet, Ontology 1.0, was launched on June 30th, 2018.
Ontology 1.0 provides new high-performance public blockchains that include a series of complete distributed ledgers and smart contract systems, and at the same time supports public chain customization and chain network collaboration, while continuously providing common modules in various distributed applications.
Public chain basic services, high-performance customizable blockchain framework, and protocol groups are the three key components of Ontology’s infrastructure. Ontology 1.0 includes a decentralized identity authentication protocol, distributed data management protocol, and credit score protocol. At the application level, the integrated client product (ONTO), trust search engine, and distributed data exchange framework will provide strong technical support.