This article was first published on OntologyNetwork - Medium
Consensus Construct 2019
Erick Pinos, who recently joined Ontology as an Ecosystem Development Partner for the US, gave a talk on day three of Consensus to a group of developers, investors, and reporters highlighting Ontology’s technical infrastructure and achievements. Erick shared Ontology’s progress in sharding implementation, which is currently 55% complete, and also covered recent partnerships and dApps. Ontology has a variety of new partners doing everything from running nodes (Sesameseed) to expanding Ontology’s functionality a stablecoin (Paxos).
Sharding Consensus 2019
Ontology, QuarkChain, Ethereum, Zilliqa, and other projects joined at this event to discuss sharding as a solution for blockchain scalability. Erick joined in a conversation on why sharding is a key component for blockchain to scale. Many of business use cases for blockchain like financial services and settlements need fast transaction times which blockchain currently cannot provide — sharding allows blockchain to achieve higher transactions per second, enabling many of these business use cases to become feasible.
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OntologyNetwork - Medium