Ontology (ONT) Rleases March 2019 Report Showing Over 1.5 Million Transactions Completed


Ontology, a blockchain aiming to provide users with decentralized and trustless systems released the March 2019 report of the developments of the project. The blockchain has grown to 8 consensus nodes (validators) and a further 39 candidate nodes. Furthermore, the development of the platform is moving towards the right direction as Ontology blockchain saw massive progress in back end development, module layer, application layer, and dApp development.

The bounty program received 303 applications, 34 tasks with 41 teams participating in the program. Of the 41 teams, 21 have completed their assignments and have received their ONT bounty program rewards. The rest are working on their projects. The Ontology community reach has also increased in number, Facebook increased 144 followers, Twitter 5364 followers, Medium 517 follows, Reddit 340 redditors and Discord 330 follows.

The announcement further highlighted the latest news surrounding the Ontology ecosystem and the new team members working on the project. Some of the positions filled include Government Relations Director, Business Development Senior Manager, Web Software engineer, and other software engineers. Ontology further secured a partnership with MovieBloc, a media giant with over 500 million monthly visits on the website. The blockchain solutions company further secured partnerships with Korea Mobile Game Association and Korea Blockchain Contents Association too.

The decentralized app development on Ontology also saw an increase of 21 dApps during the last month including gaming, health, wallet, content advertisement and event organizing industries. A further 154,724 addresses were created, representing a 39% increase in March. The number of transactions on the platforms also increased by 20% in the past month to 1,528,317 transactions.

The investment wing of the company, Ontology Global Capital (OCG) has invested in 14 companies in March including Contentos, Public, DAD blockchain Bibox and Atlas. A majority of the funds were invested in Layer 2 projects at 36% of the total, public chains received 21% of the funds while exchanges and dApps received 7% each.

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