Ontology (ONT) - A New Public Multi-Chain Project & A Distributed Trust Collaboration Platform



  • Ontology and DVP to Work on Distributed Vulnerability Sharing Platform

    Ontology has announced its cooperation with DVP, the world’s first decentralized vulnerability platform. Ontology will provide blockchain underlying technology support, build a distributed vulnerability sharing platform, and work together with DVP on the development of an open blockchain security platform and developer ecosystem. DVP will also airdrop to Ontology community members who have completed identity verification.

    The security and reliability of blockchain technology plays a key role in its development. According to the latest data from BCSEC (a China-based blockchain security network), economic losses caused by security issues worldwide has reached a high of $3.35 billion USD.

    Even with precautions incidents still occur. The main reasons for this are the imbalance of security expert specialties and skills, reliance on specific security personnel for project security, the imbalance of personnel supply and demand, and the insufficiency of traditional safety testing.

    DVP has implemented a security crowdsourcing model which utilizes the anonymity of blockchain to address this serious issue. So far, DVP has found 2,757 vulnerabilities for 1,038 blockchain projects, which is equivalent to avoiding millions in losses for the industry.

    Speaking on this cooperation, DVP Project Leader DENG Huang said:

    “In this cooperation, we will use Ontology’s leading public chain technology to accelerate the development of decentralized use case scenarios for the DVP platform. At the same time, we invite more projects to join DVP and release security bounty reward programs, which will bring better security to enterprises”.

    Ontology’s Chief Strategy Officer Andy Ji believes:

    “Blockchain security should not be underestimated. Since we released our bug bounty program, we have been interacting more with the technical community and timely solved some security vulnerabilities, which has helped us build a more secure chain network system”.

    About DVP

    DVP (Decentralized Vulnerability Platform) aims to build an anonymized and security crowdsourcing through a decentralized vulnerability platform. DVP is devoted to solving the security crisis of blockchain companies. We will link the blockchain technology companies, security companies, Baimaohui, and other community members to minimize the risk of vulnerability exposure at minimum cost and contribute blockchain ecosystem security.

    For further information, please visit: http://dvpnet.io.



  • Introducing Punica Suite — Ontology’s dApp Development Framework

    The Ontology team is excited to announce the release of Punica Suite, an Ontology blockchain dApp development framework.

    Punica provides developers with a complete set of open-source development tools for dApps, including:

    • Punica CLI
    • Solo Chain
    • Punica-Box
    • dApp Tutorial

    How to utilize Punica?

    Punica CLI

    Command line tool

    • Supports intelligent contract compilation, deployment, invocation, and testing. Each item can be completed simply and efficiently through a single line of commands and testing through a configuration file.
    • Supports both Python and TypeScript programming languages;
    • dApp templates and Punica-Box;
    • Smart contract packaging management tools;
    • Supports wallet file management.

    Solo Chain

    Test node with UI

    • View block, transaction, contract, push event, log, and other information in real time in the test node software;
    • Create multiple accounts automatically for users to work with SmartX and Cyano wallet.

    Punica-Box

    dApp templates and examples

    • Provides a variety of multi-language dApp examples, such as ONT ID, OEP-4, OEP-5, etc.;
    • More development aids will be available for user reference or dApp development.

    Punica Tutorial

    Development tutorials

    • Provides detailed textbook documentation and videos;
    • Provides rich Punica-Box case references;
    • Provides a variety of contract templates for developers to experience.

    Smart contract templates:

    Punica being introduce for the first time offline at our tech workshop in Seoul November 6th:

    At the same time, the Ontology bounty program remains open, and even has a couple of Punica-related tasks!

    Punica website: https://punica.ont.io/

    Punica GitHub: https://github.com/punicasuite

    Happy dApp building!



  • The Ontology Research Institute Officially Opens

    We are pleased to announce the establishment of the Ontology Research Institute, with senior blockchain and cryptography expert Dr. MAO Xianping as the dean of the institute.

    Current Research Progress

    As a new high-performance public blockchain project and a distributed trust collaboration platform with a real use case scenario strategy, Ontology has always put technology at the forefront of strategy and paid close attention to the continuous improvement of technology through research.

    We have built a new generation high-performance public blockchain using the VBFT consensus algorithm, a smart contract system supporting multiple programming languages, and a chain network system supporting multi-chain collaboration.

    At the same time, we have improved the distributed identity framework and distributed data exchange protocol, which have laid a solid foundation for building the distributed trust cooperation platform component of Ontology.

    In addition, Ontology provides a one-stop smart contract development tool — SmartX — and a distributed application development tool Punica to facilitate developers to build diverse types of distributed applications on Ontology.

    Purpose

    Ontology set up the research institute in order to focus more on the research and development of core blockchain technology and strengthen the ability to explore, reflect on, and apply emerging technologies, as well make contributions to the entire industry. At present, there are more than ten R&D personnel in the Ontology Research Institute.

    Institute Dean

    Dr. Mao holds a PhD in Cryptography from Shanghai Jiao Tong University. He is committed to innovation and application research of blockchain underlying technology and cryptography, and has a deep understanding of blockchain consensus mechanisms, blockchain privacy protection, and data security. Mao has been in well-known international journals in the field of cryptography and has published more than ten related academic papers for conferences.

    Next Steps

    The Ontology Research Institute is an important link in the Ontology technical community, enhancing the core technology strength of Ontology, the connection with the technical community, and ties with academic institutions.

    In the future, the Ontology Research Institute will work on:

    • Exploring the next generation of blockchain architecture which will be more secure and highly scalable — research in sharding and multi-chain for the Ontology chain network;
    • Researching a blockchain application platform that is easier to use, private, and controllable — exploring the application of cryptography and data security technologies on blockchain platforms, such as zero-knowledge proof, secure multi-party computing, and trusted execution environments, to provide a more secure and easy-to-use platform for blockchain applications;
    • Continuing to increase input in technologies to provide solid technical support for building a distributed trust ecosystem — such the multi-dimensional identity system, data exchange system that supports complex metadata modeling and multi-level extensions, multi-dimensional credit rating system.

    Cooperation

    We welcome technical communities and various research institutions to work together with us to build the Ontology technical ecosystem and bring trust to society. You can contact Dr. Mao at [email protected]

    Team Notes

    Ontology is an open community project and research platform. We have already formed joint research cooperations with a few universities, technical communities, and technical and industry experts. In the future, through the Ontology Research Institute, we will be able to form technology research cooperations on a larger scale, to not only develop the Ontology ecosystem, but also further contribute to the development of blockchain technology at large.

    Founder of Ontology, LI Jun

    Blockchain 3.0 is the strategic goal for the next generation of blockchain, an infrastructure all countries are competing for. The development of blockchain requires joint efforts of more academic and research institutions around the world, as well as the cross-integration of multiple professional fields. Ontology Research Institute should undertake the responsibility of theoretical innovation and basic method innovation in the field of blockchain, cryptography, and distributed computing, continuously develop blockchain core technology, and help China open-source independent core code and play a decisive role.

    Chief Strategy Officer of Ontology, Andy Ji

    Ontology is aimed at becoming an internationally leading blockchain project. We hope that, under the guidance of Dr. Mao, the Ontology Research Institute will provide rigorous and forward-looking theoretical guidance for the Ontology project.

    Senior Protocol Architect of Ontology, HU Ning

    “The man on the high mountain always sees the sunrise ahead of the man on the plain”. We wish the Ontology Research Institute to lead us to innovate ceaselessly and embrace a brighter future.

    Senior Blockchain Technology Professional of Ontology, Honglei CONG

    Technology accumulation is at the core of Ontology. We hope the research institute will take Ontology to a new height in frontier technologies.

    Business Development Director of Ontology, Daniel Wen



  • Danish Blockchain Delegation Visits Ontology

    On November 14th, 2018, Ontology welcomed a Danish blockchain delegation for a discussion about technology, standards, and China/EU regulations. The delegation trip was organized by Innovation Centre Denmark in Shanghai and the Office of Denmark’s Tech Ambassador. Attendees included leading blockchain experts and three key people from ISO/TC 307 (blockchain and distributed ledger technologies) working groups: Roman Beck, LI Jun, and Andy Ji.

    Among other things, the discussion centered around network governance, consensus, performance, scalability, and decentralization vs centralization — all for the purpose of exploring how to accommodate real business requirements and bridge national economies with blockchain ecosystems.

    Discussed in the meeting was that China has filed the most blockchain-related patents to date, followed by America — these countries are full speed ahead on implementation as well. While Europe with its strong regulatory body often takes a more pragmatic approach based on regulations followed by implementation of new technologies, the delegation demonstrated how for example Denmark fosters blockchain talent, new projects, and works proactively with the technology for digital identity management in the public sector. One concrete example from the delegation is how Denmark is migrating their legacy systems for public services to digital identity solutions (NemID to MitID) and is exploring how to replace the infrastructure with blockchain technology.

    Finally, the delegation and Ontology discussed areas of collaboration which included research from digital identity management, zero-knowledge proof, and smart contract standards for cross-border blockchain ecosystem interaction.



  • Developers Code on Ontology at TechCrunch Hackathon

    TechCrunch China held a hackathon in Shenzhen from November 17th-18th, 2018, which attracted developers from around the world who are interested in blockchain, dApps, and other emerging technologies.

    Ontology was a sponsor of the event and hackathon participants had the opportunity to develop on Ontology over 24 hours and win prizes for best ideas, innovation, and user experience.

    Before the start of the competition, Ontology senior software engineer HU Guanjun gave an opening speech, in which he introduces two key Ontology development tools:

    • SmartX, a one-stop IDE that can be used to compile, deploy, and invoke smart contracts. It provides a range of smart contract templates and a powerful online editor. Individuals can use SmartX templates or commission community developers to customize contracts.
    • Punica Suite, a dApp development framework. Punica Suite provides a complete set of development tools for developers, including command line tools (Punica CLI), a test node with UI (Solo Chain), a variety of dApp templates and cases (Punica-Box), and development tutorials (dApp Tutorial) for users to get started and develop quickly.

    On-site developers selected tasks under the guidance of Ontology developers, who answered questions on Ontology’s blockchain infrastructure including the use of dAPIs, ONT ID, and the OEP-4 token standard.

    The tasks for the Ontology hackathon where as followed:

    Task 1:

    Using Ontology’s digital identity and data exchange protocol (DDXF), build an application scenario.

    Task 2:

    Optimize and extend existing Ontology modules (OWallet, DID, OEPs, etc.) by adding new features, functionalities, and GUIs, or creating new valuable modules.

    Task 3:

    Enhance the Ontology block explorer, adding features such as dApp overview and details, and provide a customizable development interface that enables public or private blockchain technology to serve physical industries.

    Entries

    1. Anti-harassment call tool

    The first group to present developed a blockchain-based anti-harassment call system, which accurately records call time, calling number, and recording of harassment calls and the like, saving users time in the reporting process and reducing economic losses from fraud.

    2. Improving asset management on the Ontology block explorer

    Independent developer Wuyun chose to expand the Ontology block explorer, including monitoring on-chain asset changes, displaying homogeneous and non-homogeneous assets, displaying records under OEP-4, and more, all of which aim to further help users view and manage their digital assets.

    3. STO (Security Token Offering) investment tools

    The third group focused on STOs, giving comprehensive analysis in returns, barriers to entry, asset liquidity, and decentralized operation and transaction processes, hoping to merge STO investment processes with the blockchain technology these users are investing in.

    4. Improving blockchain game incentives

    The fourth group — Pandas — committed to using Ontology technology to enrich the gaming industry, including increasing recommendation incentives and attracting more users to the Ontology platform.

    5. Verified support

    The fifth group — Lyman — presented a chat records project. Using WeChat service accounts to build the basic framework, users can easily verify the authenticity of the information they receive. The profit model is SaaS and charges users dynamically. The team also included suggestions for future improvements of their product.

    6. One-stop blockchain ecological entrance

    Onion, the sixth group, who also participated in the second round of Ontology seed nodes, designed a dApp that provides one-stop access to information and sharing, Ontology ecosystem management, and dApp application centers.

    7. Using blockchain to support the medical industry

    CYDA consists of two students from the University of Hong Kong who came to Shenzhen for the hackathon. They explained:

    “In Hong Kong, by the time children are 12 years old they need at least 17 kinds of vaccinations, but accidents caused by the quality of the drugs are always happening. Safety is important, and the quality of vaccines must not be ignored!”

    Based on these pain points, the two students think that products should be recorded to a blockchain at the beginning of production to facilitate follow-up investigations, tracking, traceability, and the overall strict control of medical care quality.

    8. Create unique hashes for copyright

    The “Catalyst” team’s ideas revolve around digital rights, taking into consideration the pain points of copyright— when and where copyright is generated, who holds it, and how it is aligned with technological advancement.

    Team leader SONG Tong believes that the non-repudiation of blockchain and advanced tools such as smart contracts should be used to solve the problems of copyright. In the contract, the copyright will exist in the form of a unique hash value. The rights are divided into the right to use and ownership. The ownership can be used to issue the right to use, ownership can be transferred, and others can have their authority verified.

    9. Use ONT ID to help MSF (Doctors Without Borders)

    The DONTOR team’s project hoped to use Ontology blockchain technology to help children and MSD. An ONT ID can be generated using facial identification of children in need and worn in the form of a bracelet. This way, past information for diagnosis and treatment can be quickly accessed.

    10. Creating a credit system “library”

    ONTOFRAUD teamed up onsite and together envisioned an anti-fraud system. User credit status is first determined and then stored in a “library”. The library provides a real-time display of the proportion of trusted and untrusted users in the data system. When the user conducts a transaction, the credit rating of the recipient can be checked to prevent the risk.

    11. Decentralized art mall

    The “Tianrun” team envisioned a decentralized shopping marketplace for art, which uses ONT ID for registration, product confirmation, and product identification, which can then be evaluated and purchased through multi-signature systems, all within an Ontology environment. At the same time, the product includes membership systems, expert review, incentives, social media, and insurance services, to make the value of art more visible, while bringing greater trust to the trading process.

    12. Live broadcast of scientific experiments

    The Zscope team proposed a system in which live broadcasts of scientific experiments could then have their information stored on-chain. They use smart contracts to register microscope instruments so that scientific researchers all over the world can view medical experiments and data obtained cannot be falsified once recorded, ensuring the accuracy of scientific experiments.

    The judges were entangled in the choices they had to make, and after careful consideration, decided to break the first and second prizes into three joint first places, awarding CYDA, Wuyun, and ONTOFRAUD.

    The Catalyst team won the third place, Pandas won the best innovation award, and Zscope received the best user experience award.

    Congratulations to the winning teams, and thank you for everyone who participated and followed the events over the two days. We feel honored to see Ontology used for trust collaboration, the very idea Ontology was conceived by. If you are a developer or know someone who would be interested, we invite you to check out Ontology:



  • Defining Ontology Competition

    Ontology is a new high-performance public blockchain project and a distributed trust collaboration platform.

    You’ve heard this before, right?

    Ontology’s infrastructure and future prospects are extensive and take more than just a few sentences to explain, but we’ve seen the community finding their own ways to define Ontology over the past year, and we must say, we’re impressed.

    In light of this, we’re giving the opportunity for you to define Ontology, and we’ll reward the best definitions!

    Ontology Dictionary Entry T-Shirt Competition

    We’re looking for you to define Ontology for a t-shirt design like this. If you win, in addition to your ONG prize, we’ll also give you a copy of your t-shirt and a digital certificate!

    Competition rules

    1. Define Ontology in English using no more than 25 words.
    2. Submit your definition and all required information here. All participants will agree to sign over copyright of their definition to the Ontology Foundation.
    3. The Ontology team will screen definitions for inappropriate language and forgery before community voting opens.
    4. Community voting will take place between December 6th and December 10th. Come back to this article or check out Ontology social media to find out how to vote.
    5. Winners will be announced on December 14th.

    Awards

    Creative award: 300 ONG + signed t-shirt x2 + digital certificate (3 winners)  (50% community votes + 50% Ontology team votes) Popular award: 80 ONG + signed t-shirt x1 + digital certificate (1 winner) (highest community votes)

    Ontology reserves all rights for final interpretation of this event.



  • Ontology Joins Binance Info’s Gold Label Project

    Binance Info has launched the Gold Label Project and chosen Ontology to join this initiative. With the Gold Label Project, Binance Info aims to provide users with the most trusted information on crypto projects.

    As an open information platform, Binance Info encourages all users to participate in maintaining accurate information on crypto projects. By creating a token profile, editing missing or incorrect project information, contributing news sources, and more, users can help the community better understand coins and tokens.

    Binance Info is a cryptocurrency information platform, providing users with accurate and comprehensive crypto market data, news, and project rating reports.

    Check out Ontology’s page here.



  • Ontology Monthly Report — November

    Find Ontology elsewhere

    Ontology website / Ontology GitHub / ONTO website / OWallet (GitHub)



  • ACG Network, Together with Ontology, Establishes Digital Content Production Relations

    ACG Network, a digital content ecosystem blockchain project, announced the acquisition of investment from Ontology, a new high-performance public blockchain project and a distributed trust collaboration platform, and the launch of their strategic cooperation. Ontology will provide comprehensive technical support for the ACG Network, including Ontology’s decentralized identity framework and smart contract technology, to help upgrade and optimize the digital content industry.

    Concepts such a “popular IP” and “creating super IP” are not new anymore. The digital content industry represented by animation, comics, games, and so on, is growing rapidly with strong momentum. AGC Network noticed this area has a wide audience of all ages, a relatively long life cycle, and can extend to other related industries such as clothing, toys, and entertainment, forming huge market size and consumer demands. However, a series of pain points produced during this process can’t be ignored. Problems like piracy and infringement, lack of incentive mechanisms, and monopoly of platforms limit the development of the digital content industry.

    AGCN Wallet

    In this context, there is an urgent need for decentralization and trust mechanisms to improve the bonds among creators, IP production, digital content products, derivatives, and investors.

    ACG Network creatively proposed to integrate digital content such as animation, comics, and games with blockchain technology, and set up ACG Network Japan Co., Ltd. in Tokyo to promote the rapid development of this cause. Ontology’s decentralized identity protocol ONT ID, distributed data trading framework ONT DDXF, decentralized authentication platform ONT Pass, and smart contract SmartX will play a key role throughout the process.

    By binding with ONT ID, any entity, such as users, works, and copyrights on the ACG Network platform, can obtain a cryptographic digital identity based on Ontology blockchain technology. Completely controlled by the users, this identity is secure, reliable, and is not subject to any central organization. After authentication, each subject using the ACG Network platform can obtain a blockchain certificate with different identity trust sources to establish multi-dimensional trust.

    Based on ONT ID and Ontology’s trust ecology, ONT Pass, as an open and decentralized authentication platform, can provide authentication services for users, assets, and content in the entire ACG Network digital content ecosystem. At present, Ontology’s trust ecosystem has gathered trust anchors to provide global identity authentication services, supporting a variety of authentication methods such as mailboxes, mobile phones, and social media, thus meeting the diverse needs of a wide range of users around the world.

    As for the pain points such as data caching, data use without user authorization, and data copyright protection generated by centralized data, Ontology’s decentralized data trading framework DDXF can develop different decentralized data trading apps that can meet the needs of various scenarios and support connectivity among data trading platforms, which will bring great convenience to developers.

    In addition, Ontology’s smart contract system SmartX can make processes such as paid reading, viewing, and other user behavior on the ACG Network platform efficient, reliable, distributed, and traceable, which can improve user experience and constantly enhance user loyalty.

    AGCN Website

    Based on Ontology’s technology, ACG Network will build a new decentralized platform to help users achieve content contribution, content reviews, content planning, and other functions. Meanwhile, ACG Network can implement exclusive mechanisms in the platform and optimize the exchange and synergy of production relations.

    With the support of Ontology’s technology, the first dApp ACGN Wallet, ACGN Blog, and ACGN Forum under the ACG Network ecosystem are now online, and more platforms related to digital content are about to be put into operation. By making use of blockchain technology, user behavior such as uploading work, supporting authors, and second contributions are all visible after the project is published. The original uploader can set the project’s copyright and rights of second use. At the time when creators are worried about how to protect their own rights, ACG Network provides them with a wonderful solution.

    For this cooperation, Ervin Zhuang, ACG Network CFO said,

    “ACG Network aims to establish a complete digital content ecosystem and realize copyright protection and reliable project crowdfunding. Through the cooperation with Ontology, ACG Network can achieve identity authentication between content creators and consumers, process coordination of digital content, trading of digital content, and establishment of financing platforms. In the future, ACG Network, together with Ontology, will push forward the development of the global digital content industry”.

    Daniel Wen, Ontology Business Development Director, believes that the development of the digital content industry is unstoppable.

    “As digital content is getting more popular, its pain points cannot be ignored. We are glad to support ACG Network with Ontology technology and look forward to the launch of future products”, he said.

    About ACG Network

    ACG Network refers to the Accessible Content Global Network. It is a digital content ecosystem, which covers the digital content industries such as animation, comics, games, and fiction. ACG Network aims to make use of features and advantages of blockchain technology and achieve the vision that “content is King” and weaken the influence of centralized platforms. Through establishing a new content distribution system, ACG Network can protect the rights of content creators and copyright. At last, by setting a global decentralized digital right asset trading platform, ACG Network can make it a reality for content creators to become the owner and trader of their content and maximize content value.



  • Defining Ontology Competition Results

    Ontology Turns One Year Old

    Last month we announced the Ontology Dictionary Entry T-Shirt Competition. Since then we’ve taken in submissions and held voting, thank you to everyone who participated in the event!

    According to the competition rules, the community and the Ontology team each counted for 50% of the vote share, and entries were then ranked from highest to lowest. The Creative Award was awarded to the top three entries and the Popular Award was awarded to the top entry among purely community votes.

    And the winners are…

    Creative Award

    1. The future of trust and digital identity.
    2. On your feet, towards the lousy world, unchain your energy!
    3. The blockchain where trust is distributed upon. Trust no one but the code.

    Each of the winners of the Creative Award won:

    • 300 ONG
    • Signed t-shirt x2
    • Digital certificate (with blockchain hash)

    Popular Award

    1. Digital trust

    The winner of the Popular Award won:

    • 80 ONG
    • Signed t-shirt x1
    • Digital certificate (with blockchain hash)

    Thanks again to everyone who got involved! Your continued enthusiasm, ideas, and feedback for Ontology and our goal of solving trust issues helps elevate the project. We look forward to 2019 with you.

    We’d also like to hear your opinion on future community events, please take a minute to complete this form.

    Best,

    The Ontology Team



  • Ontology dApp Incentive Models: Descriptions and how to apply

    Last week we shared several ideas for Ontology dApp developer incentive models and opened up the conversation on Reddit to hear what you had to say. We have now come up with three models which we introduce below with information on how to apply.

    If you have questions or comments, please continue to let us know in this Reddit post.

    Incentive Model A: Active dApp incentives

    The Ontology Foundation has proposed an active dApp incentive model to rewarding dApps which rank in the top 50 in activity.

    The Ontology Foundation will trial the model for one year — from April 1st, 2019 to April 1st, 2020 — during which time the rules will not change. The period before April 2019 will be used for technology development and preparation. Details of the plan include:

    1. Total incentive amount of 200,000,000 ONT and ONG

    The Ontology Foundation will award a total of 100,000,000 ONT and 100,000,000 ONG to the developers with the most active dApps in regular quotas.

    2. The incentive ranking is determined by dApp active users and transaction volume

    We will publicize the top 50 dApps based on the number of active users and transaction volume. If activity reaches a set number, it will qualify for ranking. If the number of dApps qualified for ranking is less than 50, the total bonus amount will be adjusted proportionally according to the number of dApps in the ranking.

    3. The higher the ranking, the greater the incentive

    Incentives are divided into daily and weekly incentive rankings. The daily rankings will use ONG as a reward, with a total daily incentive of 20,000 ONG per day. The weekly rankings will use ONT as a reward, with a total weekly incentive of 90,000 ONT. Higher rankings will receive greater incentives and if the same dApp appears in both daily and weekly rankings, it will receive both of the rewards.

    4. Incentive Model A declaration

    • After one year of trial operation, the Foundation will determine whether to adjust the model based on community feedback.
    • If dApp activity is found to be manipulated, a penalty will be issued.
    • Gambling dApps are currently not included in this incentive model.

    Calculation example

    If during a certain period of time the Ontology dApp Store had four dApps and only two applications qualify for the daily ranking and weekly ranking, the total daily reward will be 2/50 of 20,000 ONG and total weekly reward will be 2/50 of 90,000 ONT.

    dApp D in the table below ranked second in the daily ranking, so would receive 263 ONG after the daily prize pool is reduced. Meanwhile, dApp D was ranked first in the weekly ranking, so 2,770 ONT from the weekly prize pool can be obtained. Therefore, the total income of dApp D for this period is 263 ONG and 2,770 ONT.

    Revenue simulation curve

    As shown below, we simulated an expected revenue curve for the developer of a dApp. We hope the model will help dApp developers overcome early operation and maintenance difficulties, and provide enough incentives for dApp developers to maintain long-term operation when the user transaction volume has not yet reached the ideal profitable point.

    Incentive Model B: dApp development loan program

    Why initiate this program?

    • Help developers start out

    Ontology encourages developers to jump start building their dApps on Ontology. For developers who start developing without funding, the loan program provides financial support right from the beginning.

    • Reduce the burden of operational cash flow

    Developers can use the loan borrowed from the Ontology Foundation for their initial phase of dApp development, testing, and operation until it is up and running smoothly.

    How does the program work?

    • The total loan will be paid in two equal installments

    The first installment will be issued when the smart contract is ready and the application has a prototype, meaning around 70% of the development process is complete. The second installment will be issued when the dApp goes live.

    • Repayment plan of your choice

    The loan is issued in the form of ONT and we will record the equivalent USDT amount at the time of issuance (e.g. 10,000 ONT = 7,000 USDT).

    At the time of repayment, depending on the ONT price at the time, dApp developers can choose from two ways to pay back the loan:

    A: If the ONT price goes up developers can choose to return the equivalent USDT amount recorded at issuance.

    B: If the ONT price goes down developers can choose to return the same amount of ONT.

    • Declaration

    Gambling dApps are not included in this loan program.

    The copyright and operations of dApps belong to the developers.

    Standard loan program process (as pictured above):

    1st milestone: After you submit plans and functions of the dApp project, the Ontology Technical Committee will evaluate the materials and determine the loan amount, installment milestones, progress control, and repayment agreements between you and the developer team. The Ontology Technical Committee will appoint a project coordinator to track the progress of the project with your team.

    2nd milestone: When the dApp development is 70% complete, the Ontology Technical Committee will review it. After evaluating the project, we will issue the first installment of your loan.

    3rd milestone: After the dApp is launched, the second installment will be issued.

    4th milestone: When the loan is due, you will need to pay back your loan in the method you choose.

    How can I participate in this program?

    You can submit your application here. The application materials should include team name, email address, team introduction, GitHub address, the functions of your dApp, the development plan of your dApp, estimated number of days needed for development, estimated ONT loan amount needed, and estimated number of days needed for the loan (maximum one year).

    Incentive Model C: Technical and marketing support

    After providing developers with financial support for development and operation in Incentive Model A and B, we further hope to improve development efficiency and operational effectiveness through technical and marketing support. dApp developers can declare projects through the dApp page on our official website, and after the technical department evaluates it, Ontology will assign a project owner to help develop and market the dApp throughout its life cycle.

    Developers who wish to participate in both the loan program and technical and market support must submit two applications to receive support for both.

    HyperDragons Go! example

    The blockchain game HyperDragons Go! was officially launched on Ontology in December. According to data on December 28th, the average daily growth rate of players on first three days reached 272%, the average daily growth rate of active players was 919%, and the average daily growth rate of transactions was 756%. It only took five weeks for the Ontology team to help this game move from Ethereum to Ontology. Our support in this process included:

    Technical Support

    • Providing protocols to help HyperDragons Go! to achieve the scan-to-play feature (ONTO is the first mobile app that supports such function).
    • Guidance on the use of the TS-SDK.
    • Coding instructions and auditing of smart contracts.

    Marketing support

    • Global community sharing: The news shared covered over 200,000 users over 36 channels on 11 social media platforms.
    • Global marketing operations: event planning, poster design, news releases, local advertising, real-time community maintenance, and feedback.

    How to apply

    You can submit your application here.

    If you have any questions about the incentive models, you can contact us at [email protected] The Ontology Foundation reserves the right to interpret the incentive models.



  • Ontology MainNet, with TEEX, to be the First to Support Private Smart Contracts

    Ontology has announced its cooperation with computing platform TEEX, in which both parties will work on on-chain data privacy/security and secure client private key solutions.

    A TEE (Trusted Execution Environment) is a black box in a computer chip which protects code and data running in it from being tampered with or stolen by any external software, even privileged access software such as operating systems.

    At the same time, TEE provides remote verification functions, so that users can actively verify whether user behavior conforms to expectations and ensure that users do not obtain any private data while providing effective proof of work.

    Using the TEEX Layer-2 privacy-preserving computation solution on the Ontology public blockchain, both parties will build a secure private smart contract execution environment, fully protecting data privacy and security during on-chain computing. This process will also help guarantee node incentives. In addition, Ontology’s comprehensive mobile client ONTO and desktop client OWallet will use TEE to protect user private keys from leaking and help protect their assets.

    Co-Founder of TEEX, Dr. Ryan Yu, spoke about this cooperation:

    “Ontology focuses on public chain technology, while TEEX focuses on privacy-preserving solutions. The cooperation between TEEX and Ontology will create the world’s first high-performance MainNet with privacy-preserving computation and lay a solid foundation for blockchain implementation in the fields of AI, biomedicine, and finance”.

    Dr. Xianping Mao, Dean of the Ontology Research Institute, said:

    “Blockchain is essentially an open system. Anyone can query blockchain data through the public interface. Smart contracts are the carriers of blockchain applications, and the security of private data involved in smart contract needs to be protected. TEEX has a deep understanding of data security protection technology such as trusted computing. Ontology will explore blockchain security technologies, such as private smart contracts together with TEEX, build functional chains with trusted computing capacity under the Ontology chain network system, and provide users with a blockchain system with safe and efficient private smart contract execution capabilities”.

    About TEEX

    TEEX is a secure distributed computing platform which creates a complete ecosystem for user, worker, and service provider. It builds a decentralized, flexible, and easy-to-use computing resource sharing platform. TEEX has conducted in-depth cooperation with partners in fields including artificial intelligence, big data computing, biomedicine, and other fields.

    TEEX team members mainly come from top scientific research teams from universities and colleges internationally. With almost ten years research and development experience in TEE, as well as system security and rich entrepreneurial and project landing experience, the team has successfully applied TEE solutions to the mobile platform, which has been deployed to nearly 100 million mobile devices.

    For further information, please visit: https://teex.io.



  • Ontology Neptune Released: Python Smart Contract Compiler for Developers

    Ontology is dedicated to creating a collaborative open-source tech community. This requires constantly improving development tools and support to give developers easy access to decentralized technology.

    We are excited to announce the release of Ontology Neptune, the new Python Compiler, which includes more syntax features and precise syntax checking while maintaining Python semantics, enabling developers to harness the power of smart contracts.

    If you are a developer, make sure you have joined our Discord, there you can interact with Ontology core team developers and community developers. Also, take a look at the Developer Center on our website, there you can find developer tools, documentation, and more.

    You can find Ontology Neptune on our Github.

    Compiler features

    1. Rewrite the compilation framework to implement a compilation process based on an abstract syntax tree.
    2. Keywords like break and continue are supported and can be used in any nested loop.
    3. Support for logical operations while keeping Python semantics. e.g. if a == 2 or (a == 5 and b == 4) or a == 3 and a == 7
    4. Support for keywords like while, for, and loop else.
    5. Support for in keyword. You can use a statement in the form of if a in list.
    6. Support to write as many statements as you like on a single line.
    7. Global variables can have dependency assignments. e.g. a = 10; b = a
    8. Support for cascading comparisons while keeping Python semantics. e.g. if a < b < c < d >= e: a = 1
    9. Support for cascading assignments. e.g. a = b = c = 9
    10. Support for conditional expressions. e.g. c = a if x > 3 else b
    11. Map value content and nesting levels are unrestricted and can take many forms, such as list, map, function, and call.
    12. String slice supports string[ :], string[ : end], and string[start: ].
    13. Support for list comprehensions.
    14. Support for keyword assert.
    15. More strict function definition checks. Functions can be customized and imported, and any other function calls will report undefined errors. System calls and built-in functions both need to be imported.
    16. More syntax checking, such as number of function parameter, number mismatch, function redefinition and undefined variable, and so on. More precise syntax information for printing errors. For details of supported built-ins, please refer to builtins.py.
    17. Implement a series of commonly used library functions int, str, bytes2hexstring, hexstring2bytes, bytearray_reverse, split, list_remove_elt, elt_in Please see the function and implementation in libont.py.
    18. Will support dict’s has_key, values, keys functions, and list remove function. Also, restore the semantics of global code (supports global writable variables, implementing cross-function shared variables).
    19. More in line with Python syntax, supporting more grammatical features.

    Compiler Design Framework

    1. Start with Compile Start and drive the entire build process with the Code Generate Driver. The decomposition of the process makes the code framework clearer and more logical, avoiding bugs in the version’s iteration process.
    2. Analyze Python source code to get Abstract Syntax Tree (AST).
    3. Using AST, obtain the function declaration, process the imported module, and analyze the function classification features, including user-defined functions (user defined), library functions (lib), built-in functions (builtins), system calls (systemcall), entry functions (Main/main), and find regular syntax errors such as function redefinition.
    4. Translate Python global code.
    5. Determine the stack size of the function.
    6. Determine if the function has a return value. The Compiler specifies that the function with the return value must be assigned to a variable to avoid disrupting the stack structure.
    7. Compiled function body
    8. All offsets can be determined only after all source code has been compiled. This version of the Compiler has reserved relocation space and corresponding label address, and the last step executes link work.
    9. Compile completed, print the instruction stream according to the option.


  • Ontology Tech AMA Summary

    It has been over a year since Ontology’s launch and six months since MainNet went live. During this time, the Ontology development team has been progressing on the roadmaps and expanding the team, as well as helping out those in the community who wish to develop on Ontology. Most recently, we released the designs for STOs and sharding, as well as the dApp incentive model, for which we have seen a lot of discussion about online.

    Undoubtedly a lot went on in 2018 and we have more planned for 2019. On January 10th, we held an AMA for questions you have for our tech team about Ontology and what we have planned for the year ahead.

    Below is the summary of the answers.

    Plans

    What ideas or incentives do you have to compete with the massive dApps EOS and TRX have created?

    At present, dApps mainly revolve around the transaction of tokens. The fluctuation of token value has no anchoring foundation, which limits the types of dApps, and makes dApps used mainly for gambling at the moment. However, the potential of dApps is much more than that!

    The value of data and interactions in a trust network are the direction of interest for Ontology.

    Considering the volume viral internet applications have, more expansion capabilities are needed. On the basis of Ontology multi-chain proposed in 2017, combined with the latest research results last year, Ontology has completed a multi-chain prototype, multi-layer design, and is continuously preparing for scalability.

    Don’t build a platform in quicksand! Ontology’s incentive mechanism wasn’t brought out during the bull market, but instead when Ontology technology was best prepared. Ontology accepts developers with an open attitude and willingness to foot the bill. There are application incentives and core team technical support available with four dApp incentive programs.

    For dApp developers developing on platforms, the capabilities of the platform limit the development of applications. Ontology is another platform, a brand new platform, that is far from reaching its upper limit.

    In this complicated blockchain industry, Ontology has chosen a more ambitious goal, and has also chosen a difficult road. I hope that community members will accompany us to move forward!

    Hu Ning

    What’s the top technical priority right now?

    At present, the focus is mainly on ease of use and scalability — the two are interrelated. Ease of use is primarily in the area of smart contract platforms and application incentives. Scalability is primarily in terms of multi-layer sharding and multi-chain expansion.

    Honglei

    What are the biggest technical challenges and how do you intend to tackle them?

    In terms of scalability, we have the latest multi-layer sharding design and are currently in the process of development. In terms of application landing, there are new development tools such as the Python Compiler and Wasm platform, as well as the dApp incentive mechanism.

    Honglei

    What are the biggest threats to your project, and how do you plan on overcoming them?

    The problem of regional regulations. Since blockchain is new, the public chain system relies on the token value tool to form a crypto economy, and the crypto economic system is not a traditional economy. Therefore, at the blockchain compliance level, governments have different considerations and try to bring about the need for different areas of compliance. Different requirements may form different governance models, and the trust endorsement of blockchain design needs to match the governance model. It poses a very big challenge for the design of on-chain business products. Ontology proposes a multi-chain and multi-layer design, clarifies multi-chain compliance and multi-layer expansion, and fundamentally solves the problem of regional compliance.

    From the impact of the industry, the financial attribute of tokens makes many blockchain projects start the secondary market ahead of time, but lacks support of the primary market. Ontology fully promotes blockchain infrastructure and is constantly looking for opportunities to enter the primary market and try to conduct primary market operations. There is a large volatility in the secondary market that is not anchored by the primary market, and large fluctuations may adversely affect the attempts of the primary market. Ontology continues to try and hopes to have the support of the community.

    Misunderstandings from the community, ontensive techniques, and insufficient support for the community may cause misunderstanding, we’re sorry for not giving the community more support. We will increase support for the community and hope many more technology enthusiasts will participate.

    Hu Ning

    What is the vision for decentralization? Will I be able to run a node on my Raspberry Pi one day without needing a massive amount of ONT?

    Decentralization does not happen overnight. It is based on the full recognition of the community and we have been working hard on it. Ontology is based on the PoS mechanism, and the configured lower limit is just 1,000 ONT. Our current required stake for a node is much higher, but with the development of the Ontology network, we will be able to return this value down to the normal level.

    Honglei

    What is the next milestone you are very excited about?

    2019 will be a year of rapid advancement. In terms of scalability, in 2019 we will work on multi-layer and multi-chain interconnection. In terms of application landing, more dApps and application scenarios will come about as a result of the dApp incentive models.

    Honglei

    What is your plan to bring mass adoption to this space?

    Ontology is always considering digital identity and data exchange as a core strategy. ONT Pass and ONT ID were recently released as Ontology products, one of our plans is to give financial and KYC services these tools. Recently we helped ACGN with a KYC solution.

    Xiao Min

    Will the roadmap be updated?

    The roadmap has been completed according to plan. Practice has proved that the plan is reasonable, therefore the roadmap remains unchanged in the general direction. However, the design of multi-layer shard design will be extended on the basis of isomorphic multi-chain. In Q2 we will update the white paper and details of delivery milestones.

    Hu Ning

    When will the third Triones candidate nodes start?

    There won’t be a third round of node applications as we did before, in future it will be open for anyone who wants to be a node and meets the requirements.

    Andy Ji

    Where do you see the first real commercial users of the Ontology blockchain, Asia? Europe? North America? Do you have any speculative interest in your new Securiry Token OEP-506 protocol?

    We’re actually working on initiatives in each of those regions, we do not have a preference. We just built the STO token standard for the industry, it’s open for anyone who wants to use it. Meanwhile, we deliver our full stack STO to our core partners. If anybody want to cooperate, please send request to our bd mailbox: [email protected].

    Andy Ji

    Are you going to stay in China? Or are you looking to have global expansion?

    We have set up initial research centres in Japan, Korea, and the US, and are focusing on a globalization strategy to expand our ecosystem. In the next quarter, we hope to build an Eastern Europe R&D center.

    Andy Ji

    Consensus

    Any chance you could implement a change nodes button so we could switch at the end/beginning of a round without having a three-round penalty?

    Unfortunately not. The design of the blockchain system is not only to satisfy the interests of the stakeholder, but also to ensure the security of the blockchain, in other words, the design for the costs against malicious behavior. Ontology’s design tries to find a balance between the two.

    The design of the node switch lockout period is mainly a judgment and appeal cycle for the possible malicious behavior of a node, preventing the node from escaping with their stake after performing malicious acts. The lock-up period gives the community a reaction time to judge and punish the node for malicious acts.

    For ONT individuals stake with nodes, this rule also applies (5% penalty). Therefore, when staking, please choose carefully.

    Hu Ning

    What’s the status of designing fast signature verification using FPGA? It is worth with sharding?

    It’s currently in our bounty program, the implementation process by the community developer has not yet been completed (Hardware Acceleration by X.Dong Team). To follow the status updates please refer to https://bounty.ont.io/. Of course, if you have an FPGA-capable development team you are welcome to participate, please submit a bounty on the bounty page, and the Ontology team will review it and contact you.

    Signature and verification are a common module which is used by sharding.

    Hu Ning

    Why are the main consensus nodes named after stars in the Big Dipper?

    The main source of revenue for nodes is the gas fee. The Ontology team realized that at the beginning of the project the number of businesses was insufficient to support the cost of node operation and maintenance. Therefore, at the beginning of the network, seven nodes are selected as the scale of the Ontology consensus network. The startup network was named Triones (another name for the Ursa Major) and the seven nodes were named after the Big Dipper.

    After the network started, the consensus network follows the code logic of the VBFT consensus mechanism and governance contract, and nodes are selected to enter the consensus network according to the amount of PoS.

    Since the network has been running there still remains seven consensus nodes. After the second round of Triones consensus nodes have staked, there will be 38 nodes participating in the candidate network. By then, the size of the consensus network will be expanded to the nine nodes with the highest stake.

    As the number of services increase the gas amount will increase, and Ontology will gradually expand the network scale. At that point, more and more nodes will join the consensus network.

    Hu Ning

    Are you going to require partners who develop on your network or who work with you to own and stake a certain amount of ONT to be a part of the system?

    This is optional, not a requirement.

    Andy Ji

    Front-End

    Is there any plan to build a digital identity product using the Ontology chain which could be used to prove a persons identity for online services?

    ONTO already supports this, you can complete your identity authentications on your phone and use it for online KYC services. We hope to have more partnerships in the near future.

    Xiao Min

    What progress has been made with SenseTime? What niche will SenseTime have?

    SenseTime has already been integrated as a trust anchor. In the near future we plan to add their AI authentication tools including facial recognition.

    Xiao Min

    Can your dev team make it possible to stake in ONTO mobile wallet?

    ONTO currently does not have plans to integrate stake authorization into ONTO, however there are plans for third party mobile wallets to support it.

    Xiao Min

    Back-End

    Will it be possible to develop in more languages in the future?

    In the future we plan to support Golang to write smart contracts.

    Tan Yuan

    Last tech report explained that some milestones has been accomplished but there are some pull-requests like: QUIC, MPT, Wasm, DHT ,and Shadowchain pending to merge. Do you have any ETA?

    The code for all of them is finished. Wasm, MPT, and Shadowchain have already finished being tested on side chains. The others are currently going through code review, then will go through testing. We hope to get them out as soon as possible.

    Tan Yuan

    The Ontology Team was working on a storage module called ‘dasein’ based on IPFS but stopped. Is it possible to know why?

    Storage is the core module of a blockchain project. The complete blockchain solution needs to address core issues such as data storage (on-chain and off-chain), storage solutions (encryption schemes, information privacy protection), and storage charing models.

    Ontology proposes a storage-based solution that needs to be designed with multiple layers and multiple chains to meet the needs of cross-chain cross-sharding while meeting the 2019 heterogeneous chain cross-chain roadmap target (Plato).

    Therefore, Ontology has not stopped the optimization and iteration updates of the storage module. Please refer to official accounts for correct information. Thank you for your support!

    Hu Ning

    Tech community

    How do you intend to reach out to the current app developers from different platforms?

    We will continuously host tech workshops, meetups, and hackathons. Through social media we hope developers from other projects would like to explore Ontology. We are talking with other projects to host collaborative smart contract development workshops so that developers can explore different platforms. We don’t see other projects as competitors rather as complementary ecosystems.

    Mathias Glintborg

    Do the hackathons bring value, real apps which will be continued and released?

    Yes, e.g. we hosted a Hackathon in Tokyo last month where we had 10 dApps teams which delivered functional prototypes. Three of the teams are planning to deploy their solution on MainNet.

    Mathias Glintborg

    Some technical events/hackathons has been canceled, is it possible to know why?

    We are doing lots of the events with community and co-system partners. Sometimes these partner involvement change form.

    Gloria Wu

    Other

    What was the main inspiration for starting Ontology? What was it in the blockchain space that Jun Li felt was lacking and could be solved with Ontology vs. the many other existing platforms?

    We already had good experience in public and private blockchain technical solutions for enterprises and institutions, but found public blockchains in general find it hard to support mainstream businesses directly. They face a lot of problems such as performance, scalability, and trust collaboration, including digital identity and data exchange. That’s why we need to build a new public chain architecture, and why we decided to start Ontology.

    The things Ontology can currently provide are solutions to those challenges just mentioned like scalability, performance, and the link mainstream business scenarios — a trust collaboration platform that includes digital identity, data exchange, a contract signature service, etc., for both digital and real business scenarios — that’s our difference with other projects. Furthermore, at infrastructure-level Ontology has a strong technical design — scalability, sharding, and other technologies. Ontology is currently the platform that can best support all of this.

    Li Jun

    Are you working to get the ONG token listed on other larger exchanges? Is the application being reviewed with Binance since they already distribute monthly and have custody in place?

    We’re working hard to get ONG listed on larger exchanges — the result depends on evaluation from exchanges.

    Andy Ji

    Will Ontology partner with any big USA company?

    We’re in talks with some big US tech companies, but we’re restricted by NDAs. Stay tuned.

    Andy Ji

    Thank you to everyone who participated!

    If you are a developer, make sure you have joined our Discord, there you can interact with Ontology core team developers and community developers. Also, take a look at the Developer Center on our website, there you can find developer tools, documentation, and more.



  • Ontology dApp Incentive Models: Receive a 60% ONG rebate from your dApp!

    In December we shared four new incentive models for developers of dApps on Ontology and opened applications ahead of April 1st this year when the dApp incentive models go live.

    We would now like to announce that during the first three months (April 1st to June 30th) we will be giving an early bird offer of 60% dApp transaction fee rebate to developers. A summary of the incentive models is below:

    Model A

    50% dApp transaction fee rebate (60% for the first three months)

    Model B

    Rewards for the most active dApps

    Model C

    Loans for dApps

    Model D

    Technical and marketing support for dApps

    Please visit this page for full details of each of the incentive models and how to apply.

    If you are interested in, have questions about, or would like to give feedback regarding the incentive models, please get in touch with us however you would like: Telegram, Discord, Reddit, or email us at [email protected]. We are happy to hear from you!

    The Ontology Team



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