Trust, the crypto wallet that is doing the rounds lately has introduced support for the Ontology Network blockchain according to the tweet by Trust Wallet announcing the same. Now, people would be able to use ONT and ONG tokens by the Ontology Network to trade on the Trust wallet.
We are excited to announce full support for the @OntologyNetwork. Receive, store and send $ONT $ONG from the convenience of your mobile Crypto wallet. Download Trust Wallet here: https://t.co/EjMBTEiWoF pic.twitter.com/lDwtwivJcw
— Trust – Crypto Wallet (@TrustWalletApp) May 13, 2019
Ontology Network is a public blockchain project and “a distributed trust collaboration platform”. Their website states that Ontology Network’s framework is able to support public blockchain systems and can be used to customize the blockchain networks for various applications. It will help build better and faster applications for the crypto industry.
They also help developers to collaborate among chain networks with protocol groups. Their latest integration with the Trust Crypto wallet was out of the blue and yet not completely unexpected. With thousands of tokens on their platform now, it was evident that Trust would also want the tokens by the Ontology network, namely ONT and ONG.
Trust’s mission to create a trust-worthy wallet for Crypto traders can only be fulfilled by providing all relevant coins and blockchains in their network. With almost every major coin like BTC, BTH and Ehtereum and Litecoin, it was evident that ONT and ONG would follow suit.
The Rising Demand of Robust Crypto Wallets:
As the demand for stable cryptocurrencies increases, the demand for robust and more effective crypto wallets increases too. These wallets need to be able to hold up to the adverse and volatile changes that the crypto market goes through almost every day.
Trust wallet providing support for all these cryptocurrencies in one big wallet seems like a wise decision, but would they be able to hold on to all of them in times of adverse volatility in the market? only time will tell. As Ontology users sign in to the Trust wallet now, there will be an increase in the overall users of the wallet which is always a plus, but they would need to make their wallet scalable enough to compete these increasing number of users.
This new collaboration between ONT and Trust could be proved profitable for both the companies, but would they be able to provide any profit to the users as well? Will their partnership affect the prices of the ONT tokens or make them enough money to buy some more of the cryptocurrencies? We cannot say for sure, but there’s indeed a possibility of that happening, and with Bitcoin surging up every day, it seems that cryptocurrencies are becoming a safer bet than they ever were.