On May 9th we held a Q&A session in our Telegram group. Below is a summary of the questions and answers. Keep an eye on Ontology social media for another session next month!

Tech

What developments have taken place since MainNet to ensure Ontology stands out among its competitors?

For Ontology, it is definitely building an infrastructure which is ready for all businesses. This year we are working on scalability and performance, interoperability and customization, distributed storage, and security. We believe the versatile and high-performance infrastructure is what makes us stand out among competitors.

I have seen some projects will use a layer 2 solution, what does it mean? Will they use different chains with different consensus mechanisms that are connected to the main chain?

A layer 2 solution for Ontology is side-chains, and you are right about their definition. Side-chains are a powerful tool for scalability because a side-chain is a new blockchain network that delivers its own performance. For example, a side-chain of the Ontology protocol in production with the same configurations as the Ontology MainNet can deliver 4,000 TPS. This results in 2*4,000 TPS in the entire ecosystem (4,000 TPS from the Ontology MainNet and 4,000 TPS from the side-chain).

Is there an updated roadmap?

You can find the up-to-date roadmap on this page of our website: https://ont.io/aboutus.

How is sharding coming along?

Sharding development is 55% complete. You can follow our monthly reports for updates.

Does the Ontology team check the code of third-party wallets?

It is very difficult us for us to check the source of every community developer. We can help answer any questions the community has about products and we recommend products which have been reviewed by a third party over those which have not.

Partnerships/dApps

How are things are progressing with PAX ?

PAX will be launched on Ontology this month and a simple swap between the ERC-20 and OEP-4 PAX will be up, so you will be able easily to deposit your PAX to PAX-supporting exchanges and withdraw to PAX-supporting wallets.

Binance acquired Trust Wallet last year. Do you plan acquire other blockchains/apps/teams?

Recently we have seen a trend of blockchain projects acquiring other projects, and not always necessarily other blockchain projects. For now, Ontology is concentrating on expanding its ecosystem and not necessarily through the means of acquiring.

Is there any plan for non-crypto partnerships?

We are already working on several “non-crypto” partnerships, such as with Lanxess on chemical supply chain tracking. As the Founder of Ontology said in his recent interview with Cointime, negotiation with tradition companies has taken six months or even longer. It took one year of communication before we launched a simple loyalty point application for Fosun Group. Although the “crypto” partnerships are more visible and greater and number, traditional adoption remains the goal.

How does Ontology handle fraud in gaming dApps?

For incentivizing active dApps, we are using a gaming incentive curve which helps new dApps ramp up quickly. We believe that when the amount of dApps reaches a certain scale, it is impossible to satisfy the game scene through simple transaction fraud and obtain a stable return. If the dApp has value, the user behavior data and related transactions will grow in a positive way. As the number of dApps increases, the proportion of valuable dApps increases. The corresponding fraud will not be able to get the points for incentives, and the cost of fraud and revenue will be out of balance. On the other hand, the older valuable dApps will have less incentive. That part of the incentive will go to the newer dApps.

We foresaw that at the beginning of the incentive program there might be some fraud dApps. This is the shortness of the incentive design that cannot be resolved based on our knowledge base. Still, we believe that there will always be quality dApps involved recognized by community members/end users and the other incentive schemes available will help support quality dApps e.g. the 60% transaction fee rebate.

ONT/ONG

Will it become easier to redeem unbound ONG for newcomers?

When the Ontology MainNet was first launched last year and this situation started to arise (users having no ONG to redeem ONG) we made redeeming ONG temporarily free in ONTO. Since then we have seen ONG become available on more exchanges (including community favorites like Binance, you can find the full list here) as well as community tools such as the ONG faucet. As more newcomers join we will monitor this situation and judge how best to curb it.

Will Ontology add an ONT/ONG swap function?

We see the community wants this! We do not have our own DEX at the moment, in the meantime, we would be happy to support an exchange/wallet to add this pair.

Marketing

Is it possible you move Candy Box to ONTO for all future airdrops?

Yes, the new Candy Box will replace the old Candy Box in ONTO. We have learned a lot from the swift release of this product to accommodate the TOP and MovieBloc airdrops and will be cautious to make a smoother airdrop process in the future.

Has Google started helping Ontology with marketing?

Google has made available the avenues for collaborating on marketing activites, we are currently looking at how we can work together in 2019.

Other

How many persons are currently working for Ontology?

We currently have 112 people in our company group chat!