Ontology introduced its VBFT consensus algorithm last year and the project has continued to build momentum over the past several months. This is big news in the world of blockchain as the PoW and BFT consensus algorithms are what most mainstream public chains are using today. Ontology hopes that the VBFT algorithm will replace those commonly used, as they believe they have solved some of the major problems that lie within them. VBFT improves on the performance and scalability of public chains all while guaranteeing the randomness and fairness of a consensus network. Other algorithms have been known to cause problems that hinder both the performance and the scalability of public chains. Ontology’s improved platform will help dApp developers harness their creativity to its maximum potential and remove limitations imposed by inefficient algorithms with poor performance. As the dApp developers lie at the center of the blockchain ecosystem, Ontology believes that the changes they are implementing will provide greater flexibility and further the ability of the developers to create new and innovative applications. Constant improvements are being made to VBFT, and large-scale and long-term practices are in progress to track the performance of this new consensus mechanism.
To read more on this, visit>>>>>>>>>>>>>> https://www.ccn.com/ontologys-vbft-algorithm-sets-new-standard-for-blockchain-consensus
For more on ONTOLOGY check out their:
Website: https://ont.io/
Discord: https://discordapp.com/invite/4TQujHj
Twitter: https://twitter.com/OntologyNetwork
Facebook: https://web.facebook.com/Ontology-Network-468098413590227/?_rdc=1&_rdr
Medium: https://medium.com/ontologynetwork
Reddit: https://old.reddit.com/r/OntologyNetwork/
Github: https://github.com/ontio
Telegram: https://t.me/OntologyNetwork
Youtube: https://www.youtube.com/channel/UCXzLZJgDglAWRU0b2GOa7pA
LinkedIn: https://www.linkedin.com/company/ontology-network-official/
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With new developers getting to find out about blockchain technology and it’s potential, public chains like that of Ontology would play an active role in making use of blockchain easy.
not just the usability but also scalabilty of blockchain. hopefully the blockchain will scale for wider usage
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The VBFT algorithm has the tendency to spearhead a new era in blockchain consensus algorithm which would be a remarkable achievement for Ontology.
I read that part of the article two and felt, if this indeed can do as much as it says, then there is a good future for dApp devs. Oner t thing is sure though, with time, Blockchain will only get better.
Looks like they are still trying to improve much and more better for dApp developers.
Are there any project dapps who already interested working with ONT? How many are already partnered with ONT?
I think some projects has shown some interest to work with them, they have been around for a while and that must have convinced them
dApp developers brings more usability and value to blockchain technology by developing Apps on blockchain. That should be the goal of every project team.
Ontology have always been about Dapps
They increasingly stay ground and committed to building an efficient ecosystem that would make dApp development thrive
I can't wait to see what more they have to offer to the blockchain ecosystem
I really hope this new consensus algorithm can fix the flaws of PoW and PoS.
yeah, that's what we are all hoping for. Blockchain scalability is the real struggle right now
I gone through the post and project details. ONT seems to be doing good work and their VBFT algo will bring new changes to the crypto world.