{"id":346,"date":"2024-08-16T10:20:09","date_gmt":"2024-08-16T10:20:09","guid":{"rendered":""},"modified":"2024-08-16T10:24:55","modified_gmt":"2024-08-16T10:24:55","slug":"ontology-weekly-report-august-6th-12th-2024","status":"publish","type":"post","link":"https:\/\/ont.io\/news\/ontology-weekly-report-august-6th-12th-2024\/","title":{"rendered":"Ontology Weekly Report (August 6th \u2014 12th, 2024)"},"content":{"rendered":"<p style=\"text-align: start;\">Welcome to the latest edition of the Ontology Weekly Report. This week has been packed with insightful discussions, new content releases, and important development updates. Here\u2019s a summary of what\u2019s been happening:<\/p>\n<p style=\"text-align: start;\"><\/p>\n<h2 style=\"text-align: start;\">Latest Developments<\/h2>\n<ul>\n<li style=\"text-align: start;\"><strong>Galactica Talks on Identity:<\/strong> We participated in Galactica Talks, where we explored the critical role of identity in the digital world and how it\u2019s shaping the future of Web3.<\/li>\n<\/ul>\n<p style=\"text-align: start;\">\n<p style=\"text-align: start;\"><\/p>\n<ul>\n<li style=\"text-align: start;\"><strong>New Article on Identity Published:<\/strong> We\u2019ve released a new article focusing on identity, offering in-depth insights into decentralized identity systems and their significance in enhancing privacy and security.<\/li>\n<\/ul>\n<p style=\"text-align: start;\">\n<p style=\"text-align: start;\"><\/p>\n<ul>\n<li style=\"text-align: start;\"><strong>Web3 Wonderings \u2014 Identity and Privacy:<\/strong> This week\u2019s Web3 Wonderings session delved into the intersection of identity and privacy, discussing how these concepts are evolving within the Web3 ecosystem.<\/li>\n<\/ul>\n<p style=\"text-align: start;\">\n<p style=\"text-align: start;\"><\/p>\n<ul>\n<li style=\"text-align: start;\"><strong>Node Competition Winner Announced:<\/strong> We\u2019re excited to announce the winner of our node competition! Congratulations to the winner, and thank you to everyone who participated and made the competition a success.<\/li>\n<\/ul>\n<p style=\"text-align: start;\">\n<p style=\"text-align: start;\"><\/p>\n<h2 style=\"text-align: start;\">Development Progress<\/h2>\n<ul>\n<li style=\"text-align: start;\"><strong>Ontology Consensus Upgrade:<\/strong> We\u2019ve begun work on upgrading the Ontology consensus, with progress currently at 10%. This upgrade is expected to bring improvements in network efficiency and security.<\/li>\n<li style=\"text-align: start;\"><strong>ONT Leverage Staking Design:<\/strong> Development of the ONT leverage staking design has reached 75% completion, moving us closer to offering more flexible and rewarding staking options.<\/li>\n<li style=\"text-align: start;\"><strong>Fixed Ontology RPC Port Service Isolation:<\/strong> We have successfully resolved issues related to the isolation of the Ontology RPC port service, ensuring better performance and security.<\/li>\n<\/ul>\n<p style=\"text-align: start;\"><\/p>\n<h2 style=\"text-align: start;\">On-Chain Activity<\/h2>\n<ul>\n<li style=\"text-align: start;\"><strong>Stable dApp Ecosystem:<\/strong> The total number of dApps on our MainNet remains steady at 177.<\/li>\n<li style=\"text-align: start;\"><strong>Transaction Growth:<\/strong> This week, we saw an increase of 2,012 dApp-related transactions, bringing the total to 7,781,927. The total number of transactions on MainNet also grew by 7,835, reaching 19,527,601.<\/li>\n<\/ul>\n<p style=\"text-align: start;\"><\/p>\n<h2 style=\"text-align: start;\">Community Growth<\/h2>\n<ul>\n<li style=\"text-align: start;\"><strong>Engaging Community Discussions:<\/strong> Our Twitter and Telegram channels continue to be vibrant spaces for community interaction. This week\u2019s Telegram discussion, led by Ontology Loyal Members, focused on \u201cExploring Interoperable DID Solutions: Web2, Web3, and Beyond,\u201d examining the future of decentralized identity.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Welcome to the latest edition of the Ontology Weekly Report. This week has been packed with insightful discussions, new content releases, and important development updates. Here\u2019s a summary of what\u2019s been happening: Latest Developments Galactica Talks on Identity: We participated in Galactica Talks, where we explored the critical role of identity in the digital world<\/p>\n","protected":false},"author":1,"featured_media":347,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-346","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/ont.io\/news\/wp-json\/wp\/v2\/posts\/346","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=346"}],"version-history":[{"count":0,"href":"https:\/\/ont.io\/news\/wp-json\/wp\/v2\/posts\/346\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ont.io\/news\/wp-json\/wp\/v2\/media\/347"}],"wp:attachment":[{"href":"https:\/\/ont.io\/news\/wp-json\/wp\/v2\/media?parent=346"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ont.io\/news\/wp-json\/wp\/v2\/categories?post=346"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ont.io\/news\/wp-json\/wp\/v2\/tags?post=346"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}