{"id":234,"date":"2023-07-06T17:59:52","date_gmt":"2023-07-06T17:59:52","guid":{"rendered":""},"modified":"2023-07-06T17:59:52","modified_gmt":"2023-07-06T17:59:52","slug":"ontology-weekly-report-june-27-july-3-2023","status":"publish","type":"post","link":"https:\/\/ont.io\/news\/ontology-weekly-report-june-27-july-3-2023\/","title":{"rendered":"Ontology Weekly Report (June 27 \u2014 July 3, 2023)"},"content":{"rendered":"

Highlights<\/span><\/p>\n

We are thrilled to celebrate 5 years of Ontology MainNet! Join us as we reflect on our remarkable journey, significant milestones, and the exciting developments that have shaped the past year. Together, we are forging the future of Web3 and decentralized identity solutions.<\/p>\n

<\/p>\n

Latest Developments<\/span><\/p>\n

Development Progress<\/span><\/p>\n

\u25cf We are making excellent progress with the high ledger memory usage optimization, currently at 90% completion.<\/p>\n

\u25cf The EVM bloom bit index optimization is also at an advanced stage, with 90% of the work completed.<\/p>\n

\u25cf The optimization of ONT liquid staking is at 85%, bringing us closer to an enhanced staking experience.<\/p>\n

<\/p>\n

Product Development<\/span><\/p>\n

\u25cf The team at ONTO has recently published an informative article about wallet security, providing valuable insights and best practices to ensure the safety of your digital assets.<\/p>\n

<\/p>\n

\u25cf In collaboration with Signtn on Galxe, ONTO has launched an exciting giveaway event, offering participants the chance to win exclusive rewards.<\/p>\n

<\/p>\n

\u25cf We had a successful AMA session in the ONTO Telegram group, where we engaged with the ALITA community, addressing their questions and sharing valuable information.<\/p>\n

<\/p>\n

\u25cf We are thrilled to announce new partnerships with SPACE ID, DEGAME, and Loyalty3, expanding our network and ecosystem.<\/p>\n

<\/p>\n

On-Chain Activity<\/span><\/p>\n

\u25cf Ontology MainNet now hosts a total of 164 dApps, showcasing the vibrant and growing ecosystem.<\/p>\n

\u25cf We witnessed a significant increase in dApp-related transactions on MainNet, reaching 7,653,752, reflecting the active engagement and usage of decentralized applications.<\/p>\n

\u25cf The total number of transactions on MainNet rose to 18,872,507, indicatingt he growing adoption and utilization of Ontology\u2019s blockchain network.<\/p>\n

<\/p>\n

Community Growth<\/span><\/p>\n

\u25cf Our Weekly Community Call Series continued with a thought-provoking discussion on \u201cGovernment as DAOs,\u201d where community members shared valuable insights and ideas for building the Harbinger DAO.<\/p>\n

\u25cf The Telegram weekly Community Discussion, led by Ontology Loyal Members, delved into the topic of \u201cWhat is liquidity,\u201d fostering engaging conversations and providing participants with opportunities to win exclusive Loyal Member NFTs.<\/p>\n

\u25cfWe hosted the Ontology Monthly Quiz, enabling community members to earn ONG rewards through TaskOn and participate in the quiz activity in our Telegram group.<\/p>\n

\u25cf Our vibrant Philippine community organized a chess campaign, with rewards distributed via ONTO wallet, promoting engagement and camaraderie among community members.<\/p>\n

<\/p>\n

\u25cf Stay connected with us on Twitter and Telegram to stay updated with the latest developments, community updates, and exciting announcements.<\/p>\n

<\/p>\n

Global News<\/span><\/p>\n

\u25cf We are excited to announce that Ontology\u2019s episodes are now available on Spotify, where we share captivating discussions and provide valuable insights into the world of blockchain and decentralized technologies.<\/p>\n

\u25cf We are grateful to Messari for providing a special discount to the Ontology community for their MainNet event tickets, fostering closer collaboration and participation.<\/p>\n

\u25cf In our latest OWN101 series, we explore the concept of \u201cSharding,\u201d a technique that enhances scalability and performance by partitioning a blockchain\u2019s data and processing across multiple nodes or shards.<\/p>\n

<\/p>\n

\u25cf Our comprehensive monthly report for June is now published, covering updates on node.ont.io, the listing of ONT ID on Optimism\u2019s ecosystem page, and other noteworthy progress in product and community development.<\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Highlights We are thrilled to celebrate 5 years of Ontology MainNet! Join us as we reflect on our remarkable journey, significant milestones, and the exciting developments that have shaped the past year. Together, we are forging the future of Web3 and decentralized identity solutions. Latest Developments Development Progress \u25cf We are making excellent progress with<\/p>\n","protected":false},"author":1,"featured_media":235,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-234","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/ont.io\/news\/wp-json\/wp\/v2\/posts\/234","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ont.io\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ont.io\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ont.io\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ont.io\/news\/wp-json\/wp\/v2\/comments?post=234"}],"version-history":[{"count":0,"href":"https:\/\/ont.io\/news\/wp-json\/wp\/v2\/posts\/234\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ont.io\/news\/wp-json\/wp\/v2\/media\/235"}],"wp:attachment":[{"href":"https:\/\/ont.io\/news\/wp-json\/wp\/v2\/media?parent=234"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ont.io\/news\/wp-json\/wp\/v2\/categories?post=234"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ont.io\/news\/wp-json\/wp\/v2\/tags?post=234"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}