Ontology is a high-performance public blockchain project and a distributed trust collaboration network established in 2017 by OnChain company from China. The Ontology network joined the market with the purpose of enabling businesses to incorporate blockchain technology within their structure, without completely changing their current systems. According to Ontology developers, the network can easily be used by businesses with zero knowledge in blockchain technology. The network has made it possible to customize public blockchains for applications.
To make the developers dream a reality, Ontology offers various development tools with support for multiple programming languages in the world of dApp development. The network relies on features like VBFT and sharding at the same time supporting collaborations among chain networks with protocol groups.
Best Ontology Wallet in 2019
The native token of the Ontology network is the Ontology Coin (ONT). By the time of writing the asset was trading at $1.33 with a market capitalization of $655,740,778. Here are the best wallets for storing the coin in 2019.
The OWallet is the official desktop wallet for Ontology. This wallet is compatible with Windows, Linux, and Mac OS. Using this wallet is easy because the Ontology team has provided a guide with images on how to set up the wallet. The OWallet offers support for the Ledger hardware wallet, individual wallet and shared wallets.
The individual wallet can be created on the desktop application and only requires a single signature to sign payments. The Owallet individual wallet is meant for creation of a new wallet; importing an individual wallet with keystone, private key, WIF, and mnemonic phrase; exporting the wallet; sending and receiving assets. The shared OWallet requires multiple signatures before payments are authorized. The wallet is used for sending assets with a shared wallet, receiving assets; and, joining a shared wallet. To enjoy Ledger features on the OWallet, users need to import their Ledger to the OWallet using this guide. With the OWallet Ledger, users have the option to switch between MainNet and TestNet. Additionally, users get a chance to switch between Chinese and English languages.
ONTO is the official mobile wallet for Ontology and is compatible with Android and iOS devices. It comes with privacy enhanced features like the cryptographic algorithm to store your Ontology Coins. The wallet enables users to set up their own digital identity, store digital assets among other features. You can create a cryptography-secured identity powered by the Ontology blockchain, giving you sovereignty over your data. Note that this wallet stores your data locally and the Ontology team has no access to personal information. To transact using the wallet, you need a minimum of 0.000000001. Unlike OWallet, ONTO is not linked to any external wallet.
Cyano is among the best ONT wallets accessible online through FireFox and Chrome browsers. On the Chrome browser, the wallet has an extension that allows you to easily transact ONT. Furthermore, the Cyano wallet can be connected with both the Ledger and Trezor hardware wallets that come with enhanced security features. You can create this wallet using mnemonics phrase and encrypt a private key. Cyano has ONT ID support alongside ONT dAPI support for ledger and ordinary accounts.
Additionally, the Cyano team has provided a guide on security tips. The team recommends that you divide your tokens between Cold (little use) and Hot (active use) wallet. For the Cold wallet, you need to use the hardware wallet. Furthermore, the team advises against the use of Smart contract whitelisting on your Cold wallet.
Infinito is a mobile wallet compatible both iOS and Android with support for numerous assets like Bitcoin, Ethereum and Ontology Coin. The Infinito wallet comes with a friendly user interface that offers accessibility and flexibility in managing your ONT tokens. The wallet’s passwords and passphrases are managed locally on the user’s device to avoid third-party access. The Infinito team claims that it has no access to user’s data.
Note that managing your ONT tokens the wallet is free. However, if you wish to transfer your coins, there is a transaction fee you will incur. The amount of transaction charges does not rely on geographical distance and time zone. Furthermore, the wallet has support for 12 languages.
The O3 wallet works on both desktop and mobile devices. It is compatible with Windows, Linux, macOS, and iOS. While managing your ONT tokens, the O3 allows you to purchase with popular cryptocurrencies. This wallet also allows users to connect with popular apps without having to share sensitive data, like private keys with third parties. Apart from managing ONT, the O3 also serves as a source of information where you receive the latest Ontology news and token details.
Cobo is among the latest wallets to join the market with support for ONT and other assets. The wallet’s selling point is its structure for Proof of Stake coins like ONT. In other words, while you manage your ONT assets, you can earn rewards in the end from staking the asset. Even though Cobo is still undergoing developments, it has support for 20 chains and over 700 multi-chains. This user-friendly wallet also hosts and empowers some of the most popular global dapps through the Cobo store. In terms of securing your ONT assets, Cobo has the multi-signature feature for transactions. Additionally, assets are secured in hot/cold storage which is accessible through a tailored policy and verification process.
Apart from storing ONT assets, the Clay wallet seeks to bring convenience to the management of cryptocurrency exchanges and wallets. From the wallet, one can transfer cryptocurrencies, use dApps and also take part in ICOs. To secure your assets, the Clay team has enabled secure private data management within the device with encryption. The face ID recognition feature also makes the wallet hack-proof. You can enjoy these features by downloading the wallet from Google Play and App Store.
BitKeep wallet supports multiple cryptocurrencies like ONT and Ethereum. This wallet has several features that make it stand out. BitKeep enables the one-stop management of exchanging assets alongside one-click trading. Furthermore, you can automatically calculate position costs and profit and loss within the wallet. BitKeep Wallet also enables users to access an array of financial products like deposits and loans, for easy rolling up of assets. Note that BitKeep is among the few wallets that enable bath transfer of assets. It is easy to implement the one-click bulk transfer and real one transaction to multiple addresses. All the assets are secure through the use of private keys that are stored locally. Additionally, being a decentralized wallet, users can track anything suspicious by the development team.
The market has numerous ONT compatible wallets and settling on the right one can be a challenge. Before using any wallet, always research and determine the security measures put in place to secure your assets. The highlighted wallets stand out when it comes to storing ONT tokens. The wallets have good security features and are easy to use for both beginners and advanced cryptocurrency holders.
Subscribe to our Newsletter to be a part of our future $1,000 per month contests.