Home Coins Ontology (ONT) Ontology Weekly Report (October 9–19) | by The Ontology Team | OntologyNetwork...

Ontology Weekly Report (October 9–19) | by The Ontology Team | OntologyNetwork | Oct, 2020

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Back-end

– Completed 20% of the Wasm-NeoVm cross-protocol debugging tool update

Product Development

ONTO
– ONTO v3.5.5 released, added support for interacting with the OScore website through scanning

dApp

– 93 dApps live on Ontology
– 6,193,455 dApp-related transactions since genesis block
– 50,405 dApp-related transactions in the past week

Bounty Program

– 1 new application for SDKs, 1 new application for the Technical Documentation Translation

Community Growth

– 1,820 new members onboarded across Ontology’s Vietnamese, Urdu and Tagalog communities

Newly Released

– On October 10, Ontology completed the release of 1,000 special NFT medals for the month of September, and listed the wallet addresses of each of those NFT medal winners;
– On October 14, Ontology released a detailed video explainer of the six steps users can take in the Welcome Home system, the in-car system designed by Ontology and Daimler Mobility. The six steps range from data management and data access to options to sync with social media platforms. Supported by open, transparent and reliable on-chain digital identities, Welcome Home strikes a balance between the need to meet user demands and ensuring full protection of their privacy;
– On October 19, Ontology launched the OScore, a decentralized credit score based on the Ontology blockchain. Users can now check their OScore on ONTO, Ontology’s data wallet, and the OScore website (https://ocredit.io) where they can receive a detailed view of their digital asset profiles. Generated through real-time on-chain data, OScore provides a reliable overview of a user’s credit which services can use to adjust that user’s line of credit and lending and borrowing parameters.

Global Events

– On October 13, Nick ZHANG, Ontology’s ecosystem manager, participated in a discussion held by IPFS-force.com, a well-known IPFS ecosystem community. The discussion focused on the topic “What Changes Could a Credit Mechanism Bring to the DeFi Space.” During the discussion, Nick stated, “OScore, the newly-launched on-chain credit evaluation system, provides users with services on cross-chain asset authentication and increasing lines of credit in lending activities. Combined with multiple types of data on the Ontology blockchain, OScore is expected to lower collateralization rates to help users generate more value from their assets.”

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