Blockchain Platform Ontology’s ONT and ONG Tokens Could also be Swapped to eONT, eONG on Ethereum, Additionally Listed on Uniswap

The builders of Ontology (ONT), a “high-performance” blockchain community, have famous that they’ve efficiently accomplished the event of an open-source decentralized id (DID) good contract, which was launched on the Ethereum (ETH) community.

The Ontology staff confirmed on September 4, 2020, that each its native tokens, ONT and ONG, might now be swapped or exchanged/transformed to eONT and eONG on the Ethereum blockchain, as “cross-chain liquidities on Ethereum.” eONT and eONG have additionally been listed on the Uniswap buying and selling platform, which is now a number one non-custodial trade for Ethereum tokens.

The introduction of eONT and eONG goals to help all forms of decentralized finance (DeFi) merchandise within the Ethereum ecosystem.

As talked about in a weblog submit by Ontology:

“This transfer marks Ontology [as] the primary mainstream public blockchain that has accomplished cross-chain communication for Ethereum. Digital property on the Ethereum blockchain can now be swapped to the Ontology blockchain. Bi-directional cross-chain communications are enabled between Ontology and Ethereum.”

The Ontology staff provides that their DID good contract growth on Ethereum can be utilized throughout widely-used DeFi apps. It could even be used or supported by most chains which can be working the Ethereum Digital Machine (EVM). Ontology says that it plans to make its Decentralized Id (DeID) options obtainable “throughout any chain, as a part of its ongoing effort to realize full cross-chain performance.”

The Ontology builders additionally talked about that they’ve efficiently accomplished the cross-chain communication of digital id and digital property on Ethereum. These developments have come after the launch of Ontology Mercury, a “trusted,” Decentralized Identifier (DID) based mostly peer-to-peer communication framework.

The blockchain growth staff has additionally launched Decentralized Id Options, developed to help cryptocurrency holders and merchants with simply managing and exchanging digital property in “a safer and streamlined method.” Ontology has additionally been working with the builders of the NEAR Protocol, Elrond Community, and Waves Platform with the intention to “advance the event of safe decentralized id options.”