This article was first published on OntologyNetwork - Medium
The public blockchain landscape is fragmented into different categories based on the features that a project prioritizes. Major high-performance projects like Ontology and EOS have been operating a stable infrastructure for over a year and provide tools for building applications. Across the business agnostic infrastructures, the single most important challenge today is to onboard real-world business and accommodate associated requirements. This is the first article in a series of four focusing on the technology that makes Ontology a public blockchain network with solutions ready for all businesses.
- 1 of 4: Scalability and performance
- 2 of 4: Interoperability and customization
- 3 of 4: Security
- 4 of 4: Distributed storage
Before taking a dive into the concepts, it is essential to understand what Ontology is and why it is ready for all businesses.
To put it simply, Ontology is a high-performance chain network developed to accommodate two pain points which withhold businesses from building their business scenarios on a blockchain. First, when replacing legacy infrastructure with blockchain infrastructure, a blockchain must meet similar performance with high throughput and little to no downtime. Second, the infrastructure must be flexible and allow customization so that different businesses can implement their business requirements and work compliantly.
Ontology reaches 4,000 TPS (transactions per second) on public MainNet, 12,000 TPS for certain test environments, and has sharding and side-chains for scalability, all with little to no downtime. The architecture is customizable with development components and tools in order to meet different business requirements and allow for interoperability. Along with these features, Ontology has a core technology team of over 100 individuals to maintain the infrastructure and develop industry-specific enterprise-grade solutions. This same team delivers professional services and service-level agreements for businesses.
Roadmap towards 2020
Ontology has delivered on the promises drawn out in the original roadmap and now operates ...
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OntologyNetwork - Medium