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What is OmiseGO ?

  • OmiseGO is a public blockchain which enables financial inclusion through the decentralized OMG network. Their slogan is “Unbank the Banked”.
  • OmiseGO uses proof of stake mechanism to achieve consensus.
  • OmiseGO is the first coin to use the plasma architecture. With this, OMG network will be able to process millions of transactions per second.
  • OmiseGO is being built by Omise, a leading payment gateway service provider operating in Southeast Asia.
  • OMG is an ERC-20 token. Once their native blockchain is launched, OMG will be used as a staking token using which stakers will be able to validate the transactions on the network.
  • Learn more about OmiseGO here. To study price action and volume visit coinmarketcap.

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