OMG Network (OMG)

OMG Network (OMG)

Rank #138

$1.32

2.23%

0.000063 BTC

OMG
USD

MARKET CAP

$185.079M

ALL TIME HIGH

$28.35

VOLUME 24H

$34.29M

CIRC. SUPPLY

140.245M

VOL/MCAP

19.00%

TOTAL SUPPLY

140.245M

DILUTED MCAP

$185.079M

MAX SUPPLY

140.245M

1H USD

0%

24H USD

2.23%

7D USD

22.21%

30D USD

21.52%

60D USD

15.74%

90D USD

0%

Tag:

medium-of-exchangepaymentsscalingstate-channelView all

OMG Network Price Chart

24h Change

2.23 %

OMG Network - OMG Profiles

What is OMG Network?

OMG Network (first developed as OmiseGO), is a non-custodial Layer 2 scaling solution for transferring value on Ethereum. How the protocol handles transactions is centralized, but its Plasma-based design aims to decentralize network security.

It also relies on Ethereum at the last layer of arbitration. Most blockchain ecosystems are limited by low throughput, high transaction fees, and unpredictability. Also, the user experience is poor. The project team believes these are hurdles that need to be overcome before businesses and developers will adopt blockchain for real-world applications. That led them to develop the OMG Network.

Outstanding features

What is the project trying to achieve?

OMG Network (OMG) is known as a Blockchain platform that uses the Proof of Stake algorithm to provide infrastructure for decentralized payment processing of e-wallet service providers. death.

Coming to OMG Network, users are allowed to exchange cryptocurrencies in a peer-to-peer (P2P) manner without using a traditional exchange. To bring global banking and financial solutions to everyone, OMG Network uses cutting-edge technology to facilitate secure, decentralized, and transparent cryptocurrency payments. Fast, cost-effective.

Basically, OMG Network is similar to a decentralized bank, a decentralized exchange, and a Blockchain gateway to protect digital assets. The OMG Network project was born with the main goal of becoming a preeminent trading and payment platform in the world.

OMG Network is based on a new scaling solution called MoreViable Plasma, which uses the Sidechain architecture to group several off-chain transactions into a batch instead of individually. Today's technology has the potential to scale on Ethereum to thousands of transactions per second (TPS) – much faster than Ethereum's transaction speed.

What is unique selling point?

Using the optimal PoS method

If the PoW (Proof of Work) consensus mechanism - where Miners have to use the power of the miner to mine each block and confirm the transaction, OMG Network stands out for the mechanism using the PoS method - where miners Mining just needs to Stake OMG Token into Smart Contract.

White-Label SDK – White Label Wallet Software Development Kit

With the White-Label SDK, OMG Network easily provides its financial and payment solutions to different businesses. This integration promises to help OMG Network reach a variety of businesses with needs.

Digital Asset Gateway

The OMG Network platform allows users to access, manage and trade assets safely and with good security on the Blockchain network.

Decentralized Exchange (DEX)

DEX stands for "Decentralized Exchange", roughly translated: as decentralized exchange. It is a secure scalable PoS Blockchain that allows tradable assets in any digital form.

As a result, OMG Network provides a DEX solution for transactions executed and managed on the DEX Chain. The transaction validation will be done by OMG Stakers (PoS mechanism).

Expand the network with the Layers mechanism

OMG Network is designed with a Plasma structure, so the scalability and security are very good, and the transaction costs are relatively low.

High interoperability

According to OMG Network, all financial applications on Blockchain can be integrated into OMG Network's network, participating in exchange transactions. As a result, OMG Network's digital asset exchange network has greater scalability in the future.

Read Full Article: CLICK HERE

People

We found 5 people related to omg-omg, include CEO-Founder Jun Hasegawa

Organizations

We found 1 organizations related to OMG Network has OMG Network

OMG Network Price Live Data

OMG Price

$1.32

Trading Volume

$34.29 M

All Time High

$28.35

1hour Change

-0.90%

24hours Change

2.23%

24hours Range

2.23%

24hours Low

$5.28

24hours High

$5.60

Liquidity ±2%

$2,694,776.03 B

Bids -2%

$26.95 M

Asks +2%

$29.27 M

Market Cap

$185.08 M

Fully Diluted Market Cap

185.08 M

Circulating Supply

140.25 M

Total Supply

140.25 M

Max Supply

140.25 M

OMG Network Markets

See All Market
wait

Sorry, we don’t have this data yet.

But our scientists are working like crazy to get it.

People Also Watch

Medifakt
$0.012313
55.15%
chart
LUXO
$0.075000
--
chart
Aurigami
$0.000489
2.52%
chart
XRUN
$0.321875
3.27%
chart
Crypviser
$0.002080
0.65%
chart

Latest News

Be the first to know about Crypto news everyday

Get crypto analysis, news and updates right to your inbox! Sign up here so you don't miss a single newsletter.
people
iosandroid

© 2021 COINCU Financial Group Inc. Address: Road Town, Tortola, British Virgin Islands (BVI).

Email us: [email protected]