What Is Ontorand Consensus Engine (Ontology)?
Ontorand Consensus Engine (Ontology) is a distributed trust network platform that provides public blockchain solutions for businesses and organizations. It uses an innovative consensus mechanism called VBFT, which combines Proof of Stake (PoS), Byzantine Fault Tolerance (BFT), and Verifiable Random Function (VRF). This allows Ontology to provide high-performance transactions with low latency while maintaining security and decentralization. The Ontology Network also supports smart contracts, data exchange protocols, identity verification systems, and other features necessary for enterprise applications.
The Ontorand Consensus Engine is designed to be highly scalable so it can handle large volumes of transactions quickly without sacrificing performance or security. Additionally, the engine has built-in privacy protection mechanisms such as zero knowledge proofs that allow users to keep their data secure from third parties. Furthermore, the system utilizes advanced cryptography algorithms like elliptic curve digital signature algorithm (ECDSA) to ensure transaction integrity and authenticity. All these features make the Ontorand Consensus Engine one of the most reliable platforms available today for developing decentralized applications on a global scale.