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Ozone Chain

Ozone ChainOZO

$0.132107
Rank #241
Smart Contract Platform
Layer 1 (L1)
Zero Knowledge (ZK)
Market Cap
$127M
1.50%
Volume (24h)
$232K
Circulating Supply
960,933,314 OZO
24h Low / High
$0.13$0.13
Ozone Chain Price Chart

Interactive chart showing the historical price.

Ozone Chain Market Cap Chart

Interactive chart showing the historical market capitalization.

Ozone Chain Volume Chart (24h)

Interactive chart showing the 24-hour trading volume.

Ozone Chain Stats
Price$0.132107
Market Cap$126,856,399.00
24h Trading Volume$231,784.00
Fully Diluted Valuation$132,013,738.00
Circulating Supply960,933,314 OZO
Total Supply1,000,000,000 OZO
Max Supply1,000,000,000 OZO
Price Performance
24h Range
$0.129784
$0.132206
24h Change
1.70%
All-Time High
$0.485077Apr 29, 2024
All-Time Low
$0.060046Oct 7, 2023
About Ozone Chain
What is Ozone Chain Ozone Chain is the world’s first Quantum Resistant Blockchain that has integrated bleeding edge quantum security technologies in its design. Ozone Chain believes in Quantum Secured Blockchain for solving the real-world concerns faced by Quantum Computers. Ozone Chain is a decentralized platform that enables developers to build scalable user-friendly dApps with low transactions fees without ever sacrificing on security. The most secured Blockchain which is EVM compatible and runs on proof of authority and IBFT protocols. Quantum Random Numbers from a laser source Lattice-based Post Quantum Cryptography Quantum tech tested and certified by TUV EVM Compatible Proof of Authority & QBFT Block time – 5 seconds Deploy Smart Contracts and Create Dapps Governance by voting Uniqueness of Ozone Chain Ozone chain uses quantum random numbers (QRN) and post-quantum cryptography (PQC) to make the blockchain quantum secure and quantum resistant. Quantum key distribution (QKD), in its current implementations has geographical limitations that constrain its usage within a few hundred kilometres. This is a huge drawback for a blockchain, where nodes need to be distributed globally and inter-node communications must span thousands of kilometres. Thus, an architectural decision has been made to use PQC for inter-node communications, while being quantum-resistant at the same time. Tests and Results The quantum security technologies used in ozone chain have undergone various standardized tests and have passed all of them. The tests have been conducted by TÜV Rheinland which is an agency that provides testing and certification services to ensure the safety, quality, and performance of cybersecurity products and services, including quantum security solutions. Entropy test Diehard tests NIST tests Ozone's QRNG has also passed the NIST SP 800-22 tests, which is a test suite standards by National Institute of Standards and Technology. NIST SP 800-22 is a statistical test suite for random and pseudorandom number generators for cryptographic applications. • Frequency (monobit) test • Frequency test within a block • Runs test • Longest run of ones in a block • Binary matrix rank test • Discrete Fourier Transform (Spectral) test • Non-overlapping template matching test • Overlapping template matching test • Maurer's "Universal Statistical" test • Linear complexity test • Serial test • Approximate entropy test • Cumulative sums (Cusums) test • Random excursions test • Random excursions variant test How many OZO coins are there in Circulation? The total and maximum supply is 1 billion OZO. 300 million OZO is in circulation already. The locked OZO supply is distributed over 36 months. Ozone Chain - A Future Ready Quantum Blockchain Building resilience against future threats is key to ensure that vital parts of the blockchain and cryptocurrency economy keep thriving. The issue is that investments for protection from medium to long-term risks are somewhat natural to overlook or dismiss, given more pressing present issues, and the costs may not seem immediately justified. It often takes some bad incidents to incentivise the necessary proactive steps. While blockchain technology prides itself in providing a trustless system upon which the economy of digital currencies and assets operate, the underlying security mechanisms still rely on classical cryptographically processes, thus necessitating a certain level of trust in them. Ozone chain has assimilated quantum mechanical properties into its system, thus removing the trustful component of the security subsystem in blockchain, with ambitions of migrating towards of a truly trustless blockchain.
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Contract Addresses
Ozone Chain Exchange Tickers

Markets where Ozone Chain is traded, ordered by volume.

About Ozone Chain (OZO)

Ozone Chain is a digital asset that has carved out a specific niche within the broader cryptocurrency ecosystem. It aims to address particular needs related to Smart Contract Platform. As a decentralized entity, it operates without the control of a single authority like a bank or government, relying instead on blockchain technology to secure its network and validate transactions. Understanding its primary purpose is key to grasping its role and potential within the digital economy.

How Ozone Chain Works

On a technical level, Ozone Chain functions through a specific set of protocols defined by its underlying blockchain. Transactions are broadcast to a network of computers, which work together to validate and record them in a public ledger. The token itself, OZO, is used to facilitate activities within its ecosystem, which could include paying for transaction fees, participating in governance, or accessing specific services. The efficiency and security of these operations depend heavily on the blockchain's design and consensus mechanism, whether that's Proof-of-Work, Proof-of-Stake, or another model.

Use Cases of Ozone Chain

The real-world applications of Ozone Chain extend from its core function to a variety of ecosystem uses. These can include:

  • Powering decentralized applications (dApps) in its category.
  • Serving as a medium of exchange within its specific community or platform.
  • Enabling governance rights, where token holders can vote on proposals.
  • Staking or bonding to secure the network and earn rewards.

Ozone Chain Market Performance Overview

The market performance of Ozone Chain, like most cryptocurrencies, is characterized by volatility. Its price is influenced by a confluence of factors including overall market sentiment, trading volume, and liquidity on exchanges. High liquidity, evidenced by significant 24-hour trading volume, generally allows for smoother transactions. Its price often moves in correlation with larger market trends set by major assets like Bitcoin and Ethereum, but can also be affected by news and developments specific to its own ecosystem.

Ozone Chain Compared to Similar Cryptocurrencies

In the Smart Contract Platform category, Ozone Chain is often compared to other projects with similar goals. While they may share a target audience, key differences often lie in their underlying technology, consensus mechanism, or tokenomics. For instance, one project might prioritize speed and low transaction costs, while another focuses on decentralization and security. Evaluating these distinctions is crucial for understanding Ozone Chain's unique position in the market.

Advantages and Limitations of Ozone Chain

A balanced view of Ozone Chain requires acknowledging both its strengths and weaknesses. Its advantages might include innovative technology, a strong community, or a clear use case that solves a real-world problem. However, like any project, it faces limitations. These could involve challenges with scalability, competition from more established players, or the inherent risks of the crypto market. A comprehensive understanding involves weighing these factors.

Role of Ozone Chain in the Crypto Ecosystem

Within the vast crypto landscape, Ozone Chain plays a role defined by its utility and adoption. It contributes to the diversity of the market by offering a specialized solution in the Smart Contract Platform space. For developers, it may offer a platform for building new applications. For users, it provides access to a specific set of services or a community. Its long-term relevance will depend on its ability to maintain a strong network, foster innovation, and grow its user base.

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Ozone Chain information on DailyTools.space is for informational and educational purposes only and does not constitute financial or investment advice.