The OMG Network (previously OmiseGo) is a non-custodial layer-2 scaling solution for the Ethereum blockchain. The OMG Network (OMG) is a blockchain network that handles Ethereum transactions and speeds up transaction times and lowers transaction costs. OMG is the native cryptocurrency of the OMG Network.
The open-source project assures that Ethereum's decentralized applications (dApps) and crypto transactions are scalable and safe. The network's child chains, which are now protected by a proof-of-authority (PoA) consensus process, will transit to a proof-of-stake (POS) consensus system in the future, allowing users to stake their tokens to help secure the network and receive rewards.
The OMG network is built on a revolutionary scaling approach named MoreViable Plasma, which employs a sidechain architecture to batch off-chain transactions.
10,000 多条 5/5 星的评论