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What is Ontorand Consensus Engine (Ontology)?

Crypto Terms Glossary: What is Ontorand Consensus Engine (Ontology)?

The Ontology blockchain protocol makes use of the Ontorand Consensus Engine (OCE) consensus mechanism. OCE is an upgraded version of the Delegated Byzantine Fault Tolerance (dBFT) consensus protocol that also makes use of verifiable random function (VRF) and Proof-of-Stake (PoS) technology. OCE is based on Onchain's Distributed Networks Architecture (DNA) which was designed by the creators of NEO. OCE can theoretically achieve near-infinite scalability and requires a relatively low hashing rate, with block-creation speeds limited only by a user's internet speed.

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