Rumors

Ontology Global Capital Launches with 100 million dollars AUM and roadshow in US and Asia.

Ontology’s Blockchain Went Down

This is a confirmed thing (from their Telegram chat admins/GitHub/Other Sources). Apparently, it was down due to ‘maintenance’.

This obviously means a few things:

1. $ONT is not decentralized in any way, shape or form. If a blockchain can be taken down, then obviously the developers themselves are the only ones running the blockchain.

2. This exposes the greater problem with a lot of (most) PoS-based chains — which is the fact that they are mostly centralized because they operate via a synchronous model. In other words, if the agreement threshold (67% of nodes) is not reached, a block is not produced. This means if more than 1/3 of the nodes simply fail to validate / operate (like what happened yesterday), then the blockchain stops operating.

3. Knowing what was stated in #2 is true, it’s fair to state that $ONT controls >1/3 of the total nodes (47) that are on the network.