OMG Network

OMG Network (OMG original OmiseGo, Is a layer 2 expansion solution that transfers value on Ethereum. In simple terms, a layer 2 scaling solution is based on another blockchain (OMG sub-chain) on top of one blockchain (Ethereum).

OMG Network is a decentralized public Network, Allows high-throughput, low-cost point-to-point transactions. With OMG Network, anyone can trade value across geographies, asset classes, and applications.

OMG Network The main purpose is to allow users to transfer ETH and ERC20 tokens directly within the Ethereum network for faster and cheaper transactions.

OMG Network parent company Omise was founded in 2013, It has since provided blockchain-based cryptocurrency solutions to more than 6,000 users. Omise was named a "Fintech Rock Star" by Forbes in November 2016.

OMG Network A decentralized exchange, liquidity provider mechanism, clearinghouse messaging network, and asset-backed blockchain gateway is being built. OMG Network is not owned by any party. Rather, it is an open distributed network of validators that enforces the behavior of all participants. It uses the mechanism of protocol tokens to create a proof-of-stake blockchain to ensure that market activities are performed by participants. This high-performance distributed network forces exchanges across asset classes, from legally backed issuers to fully decentralized blockchain tokens. Unlike almost all other decentralized exchange platforms, this allows decentralized exchange between other blockchains and multiple blockchains.

OMG Token(OMG) is a native Token of OMG network. To pay for the tier 2 transfer, Watchers can pledge OMG.