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CoboWallet now support Ontology Network (ONT & ONG)



CoboWallet now support Ontology (ONT)
Source: Cobo

CoboWallet was launched by the founder of f2pool and backed by the top VCs of China. It describes itself as the most user-friendly, most secure multi-asset blockchain wallet. Just recently, CoboWallet extended its support for Ontology (ONT and ONG).

What is CoboWallet?

CoboWallet serves as a gateway between DApps, POS rewards, and other blockchain use cases. It started as a multi-asset wallet focusing on enhancing the user experience and making it easy for users to get on board the cryptocurrency experience.

Furthermore, they provide easy to use, store and transfer services between multiple cryptocurrencies. Also, they let the user store the cryptocurrency and transfers it freely across platforms.

CoboWallet provides localized preferences of cryptocurrencies based on your selection and supports almost an extravaganze of cryptocurrencies. Furthermore, the supported ones are Bitcoin, Bitcoin Cash, Bitcoin Gold, Bitcoin New, Super Bitcoin, United Bitcoin, Ethereum, 0xProject, Aeternity, Basic Attention Token, Binance Coin, EOS, Kyber Network, OmiseGo, TenX, TRON, READ, Ethereum Classic, Litecoin, DASH, and ZCash.

What is Ontology?

Ontology (ONT and ONG) is a public platform that aims to combine the business sector and the blockchain concept structure. The Chinese company, Onchain founded it in 2017.

Similarly, Ontology states that it allows novice business with no credible experience in the domain of blockchain to get well versed with the technology. Also, it urges the need for the blockchain structure in the business sector.

Ontology states, “As well, current trust networks face a variety of issues. Poor privacy protection, untapped data value, data management monopolization, and ineffective identity authentication are all opportunities for blockchain. Ontology seems to resolve these issues with its solid trust ecosystem“.

How does Ontology’s arrival on CoboWallet help?

Through Ontology (ONT and ONG), corporate sector can easily bootstrap trust mechanism and amend it according to their demands and needs. Furthermore, it has a blockchain/distributed ledger network which combines a distributed data collaboration and procedure protocols.

Also, it has distributed communities and identity system, with umpteen modules tailored to the industries’ needs.

Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.

Sameer Khan is a content writer at Koinalert. He has not held any value in Bitcoin or other cryptocurrencies.