Ontology Weekly Report (May 4th–11th, 2021)
Highlights
As we close off the first week of May, let’s take a look back on some highlights for the week. Li Jun, Founder of Ontology, published an opinion piece discussing how self-sovereign identity solutions will reshape the way we share data on the internet. In addition, ONTO and bloXroute announced a partnership to provide ETH front-running protection for wallet users.
Latest Developments
Development Progress
- 90% of the Ontology EVM-integrated design has been completed, which will make Ontology compatible with the Ethereum smart contract ecology.
- 80% of the research on the latest progress of Layer 2 technology has been completed, exploring the integration of Ethereum Layer 2 on the Ontology MainNet.
Product Development
- ONTO and bloXroute announced they will join forces to provide ETH front-running protection for wallet users, a move to further safeguard and protect users against market manipulation.
- ONTO and ApeSwap are currently running a joint liquidity mining campaign.
dApps
- 115 dApps have been launched on MainNet.
- 6,579,524 transactions have been completed on MainNet, an increase of 25,362 from last week.
Community Growth
1,120 new members were onboarded across our global communities. We are very excited to see the Ontology community continue to grow and we encourage anyone who is interested in Ontology to join us. Follow us on Twitter or Telegram to keep up with our latest developments and community updates.
Global News
- Li Jun, Founder of Ontology, was invited to speak with Irish Tech News Podcast host, Jamil Hasan, on how Ontology and SAGA are creating a regulatory framework for decentralization to accelerate the development of blockchain.
- Ontology’s Head of Community, Humpty Calderon, and Advisor of Wing Finance, Erick Pinos, held the first Ontology Community Call event on Discord to answer common questions from the community.
- Wing Finance announced that it will participate in the first-phase production level test of OKExChain, and its OKExChain version will be released soon.
Ontology In The Media
“The Solution To The Internet’s Data Hoarding Problem” by Li Jun, Founder of Ontology was published in Nasdaq.
“SSI systems give users a unique identifier that they can use to manage their identity and access online services using only one ID. This provides a means of data authorization and ownership confirmation, giving respective users actual control of a particular asset.” Read the full article here.
Want more Ontology?
You can find more details on our website for all of our decentralized solutions across identity and data, or keep up with us on Twitter. Our Telegram is for discussion, whereas the Telegram Announcement is designed for news and updates if you missed Twitter!
