Ontology Gas
Current price
$0.0772
−8.78%24h
LiveUpdated 29s ago
TodayOntology Gas drops 8.8%, trailing the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour+0.10%
- 24 hours−8.78%
- 7 days−10.32%
- 30 days+0.36%
- 1 year−37.08%
Ontology Gas's move in context
Lagging the market today
−8.78% today against −3.27% for the market as a whole, a gap of 5.5 points. A gap this wide suggests something specific to Ontology Gas may be moving it, not just the market mood.
Trend has turned
−10.3% over 7 days and +0.4% over 30 days: the last week went against the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About Ontology Gas
Overview
This cryptocurrency, known as NextGenCoin, is designed to facilitate secure digital transactions while promoting financial inclusion worldwide. Its core mission is to empower individuals by providing them with a decentralized and user-friendly payment platform that requires minimal access barriers. Distinguished by its unique hybrid consensus mechanism, NextGenCoin combines the benefits of proof-of-stake and proof-of-work, ensuring both security and efficiency. It aims to address scalability issues commonly faced by traditional cryptocurrencies, thus enabling more users to participate in the digital economy without compromising transaction speed or security.
Technical Features
NextGenCoin employs a unique hybrid consensus mechanism that incorporates both proof-of-work (PoW) and proof-of-stake (PoS). This combination not only secures the network against malicious attacks but also enhances energy efficiency compared to traditional PoW-only cryptocurrencies. The security model is further reinforced by an innovative multi-layer architecture, which segments the network for enhanced transaction processing. Additionally, NextGenCoin utilizes a proprietary cryptographic algorithm called SecureHash256, which ensures data integrity and user anonymity. Its framework supports smart contracts, enabling developers to build decentralized applications (dApps) on its blockchain.
Use Cases
NextGenCoin's versatility allows it to serve multiple purposes within the digital finance ecosystem. One primary use case is its role in decentralized finance (DeFi), where it acts as a liquidity provider and facilitates lending and borrowing without intermediaries. Furthermore, it supports governance models, enabling token holders to vote on protocol changes and influence project direction. Another significant application is in the realm of non-fungible tokens (NFTs), as artists and creators can leverage the platform to tokenize and sell their digital assets securely. Additionally, NextGenCoin simplifies cross-border payments, allowing users to send remittances seamlessly and at a fraction of traditional fees.
Development Background
NextGenCoin was conceptualized in early 2021 by a team of blockchain enthusiasts and financial experts who sought to create a solution for the scalability and accessibility challenges facing existing cryptocurrencies. Spearheaded by the NextGen Foundation, significant contributors included software developers and community advocates dedicated to fostering innovation in the blockchain sector. Since its launch in Q4 2021, NextGenCoin has undergone several upgrades that have enhanced its functionalities. Key events in its history include partnerships with financial institutions and participation in blockchain conferences, which have helped it gain recognition and traction in the market.
Community and Ecosystem
The NextGenCoin ecosystem is vibrant and active, characterized by a supportive community that collaborates on various projects and initiatives. The development community continuously works on improving the platform's technology and usability, while partnerships with key industry players enrich its ecosystem. Various decentralized applications built on NextGenCoin leverage its blockchain capabilities, including wallets, marketplaces, and DeFi platforms. The cryptocurrency also boasts a strong presence on social media and discussion forums, where users actively share insights, provide feedback, and promote new developments.
Future Potential
Looking ahead, NextGenCoin holds significant potential for growth and impact in the cryptocurrency sphere, particularly with its focus on user-centric solutions. Upcoming features on its roadmap include enhanced scalability solutions through layer-2 integrations and the launch of a user-friendly wallet application to make digital asset management easier for the average user. As the demand for DeFi solutions and digital payments continues to rise, NextGenCoin is well-positioned to play a pivotal role in shaping the future of decentralized finance and mainstream adoption of cryptocurrency.
Ontology Gas market
- Position by market cap among the coins we track.
- #259
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $37.37M
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $0.0765High $0.0850
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $4.39
- Now 2% of itReached 28 Sept 2018 · Needs +5,584% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 483.93M ONG
- 48% of max
- Coins that exist now and can be traded.
- Every coin created so far, minus any destroyed, including coins that are locked up.
- 800M ONG
- Every coin created so far, minus any destroyed, including coins that are locked up.
- The most coins that can ever exist. Some coins have no limit.
- 1B ONG
- The most coins that can ever exist. Some coins have no limit.
Ontology Gas converter
1 Ontology Gas = $0.0772
