TopicStarter: malcovi2 –
[browser-shot url=”ont.io” width=”800″]
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What is Ontology?
Ontology is a new high-performance public blockchain project & a distributed trust collaboration platform.
Ontology provides new high-performance public blockchains that include a series of complete distributed ledgers and smart contract systems.
Ontology blockchain framework supports public blockchain systems and is able to customize different public blockchains for different applications. Ontology supports collaboration amongst chain networks with its various protocol groups.
Ontology will constantly provide common modules on the underlying infrastructure for different kinds of distributed scenarios, such as those for the distributed digital identity framework, distributed data exchange protocol, and so on. Based on specific scenario requirements, Ontology will continue to develop new common modules.
Ontology (ONT) recently enabled staking in mid Oct 2018.
Minimum to start is 500 ONT.
You can stake more in multiples of 500 ONT.
You stake by locking ONT in a smart contract, which generates ONG (Ontology Gas).
Staking proceeds in rounds, each round lasting 120,000 blocks. Staking rewards can be claimed after each round.
You can cancel staking any time to retrieve all the tokens, but they will be locked until the end of the current round or until the end of the next round depending on the node (more below).
More information and source of the info: https://medium.com/cryptocoinchat/how-to-stake-ontology-ont-73f466d99642
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