OMG Network
OMG
OMG Network (OMG) Feed: Events, News & Roadmap
OMG Network to Be Delisted From Dex-Trade on June 20th
Dex-Trade will delist OMG Network (OMG) on the 20th of June.
Listing on Coinstore
OMG will be listed on Coinstore
Listing on LBank
Listing on Bitrue
BOBA Airdrop to OMG Holders
OVM v.2.0 Launch
Perpetual Contract on Crypto.com Exchange
BOBA Airdrop to OMG Holders
AMA on Telegram
Quasar Audit
Listing on Crypto.com
Mainnet 2020
Listing on Coinbase Pro
Testnet Launch
Listing on Kraken
Coin Burn
OMG Network v.0.2 Release
Listing on CEX.io
Delisting From B2BX
New OMG/USDT & OMG/BNB Trading Pairs on Binance
OMG Network Events on the Chart
What is OMG Network?
OMG Network, formerly OmiseGo, is a non-custodial, layer-2 scaling solution for the Ethereum blockchain. It aims to facilitate faster and cheaper transfers of ETH and ERC-20 tokens compared to direct transactions on the Ethereum network.
The network uses a scaling solution called MoreViable Plasma, which employs a sidechain architecture to group multiple off-chain transactions into a batch, verified as a single transaction on the Ethereum root chain. This technology can potentially scale Ethereum to thousands of transactions per second (TPS), far exceeding the current 10 to 14 TPS capability of Ethereum 1.0.
The OMG utility token is used for paying fees on the OMG Network and will eventually be stakable to secure the network in return for rewards. The project aims to make Ethereum more appealing to businesses by reducing speed and cost barriers, cutting electricity usage by up to 99%, and lowering transaction fees by approximately two-thirds while maintaining security through the Ethereum network.