ONTO Wallet Adds Core DAO Mainnet, Enhancing Access to Web3

ONTO Wallet, a foremost Web3 gateway and multi-chain identity wallet, has announced the integration of Core DAO's mainnet into its platform. This integration provides ONTO Wallet users with access to the Core DAO ecosystem, which is committed to building a scalable and secure blockchain infrastructure named Satoshi Plus, powered by Bitcoin.

Core DAO, known as the official decentralized organization responsible for developing the Satoshi Plus ecosystem, is dedicated to building Web3 infrastructure and promoting public chains based on Bitcoin's Proof of Work (PoW) consensus mechanism. With a significant on-chain presence, Core DAO boasts an impressive 53 million transactions and 9.5 million addresses.

ONTO Wallet shared the news in an enthusiastic tweet and invited users to explore the Core DAO mainnet by visiting the official ONTO Wallet website at http://onto.app. This integration extends the offerings of ONTO Wallet, which already supports over 50 blockchains and caters to more than 100,000 registered users. With a growing community of over 310,000 members, ONTO Wallet has established itself as a self-sovereign data wallet, enabling users to manage their digital identities, data, non-fungible tokens (NFTs), and various tokens.

By utilizing the power of ONT ID, ONTO Wallet provides users with decentralized identity management, ensuring secure access and protection of their assets. The wallet currently supports popular chains like Ontology, NEO, Ethereum, Tron, Polkadot, Binance Smart Chain, and Klaytn. The team behind ONTO Wallet is consistently working to include more blockchain networks to the platform, allowing users to manage their assets conveniently through a single wallet.

The Core DAO ecosystem, now accessible on ONTO Wallet, introduces a unique blockchain solution meant to serve as the foundation of the decentralized internet, or Web3. The blockchain uses a novel consensus mechanism called Satoshi Plus, which combines elements of both Proof of Work (PoW) and Delegated Proof of Stake (DPoS). This hybrid consensus model ensures improved security, scalability, and decentralization for the Core DAO network.

Core DAO stands out due to its use of the Bitcoin mining hashrate and the Ethereum Virtual Machine (EVM), making it a Turing-complete blockchain. The supply of Core tokens is capped at 2.1 billion, with a certain percentage of all block rewards and transaction fees being burned, similar to Ethereum's "Ultra Sound Money." The exact percentage of burning is determined by the DAO, providing economic incentives and deflationary properties to the Core ecosystem.

The inclusion of Core DAO into the ONTO Wallet platform signifies a significant milestone in the development of the Satoshi Plus ecosystem and further solidifies ONTO Wallet’s commitment to offering users comprehensive access to the rapidly expanding world of Web3. True to the motto of the Ontology project, "I OWN MY DATA," ONTO Wallet prioritizes data and asset security, equipping users with control over their personal information, transaction history, credit scores, and interactions with decentralized applications (dApps) and DeFi platforms.