About Ontology Gas

Ontology operates on a dual-token model consisting of ONT and ONG, which was initiated with the launch of its MainNet on June 30, 2018. The ONT token serves primarily for staking within the consensus mechanism, while ONG functions as a utility token, facilitating various on-chain services. This structure is designed to enhance the overall functionality and user experience within the Ontology ecosystem. As a high-performance public blockchain project, Ontology aims to provide a robust framework for distributed trust and collaboration. It features a comprehensive suite of distributed ledgers and smart contract systems, enabling the customization of public blockchains tailored to specific applications. The platform supports interoperability among different blockchain networks through its diverse protocol groups and continuously develops common modules to address various distributed scenarios, including digital identity and data exchange protocols.