Whatis OMG?
OmiseGOis building a decentralized exchange, liquidity provider mechanism, clear-
inghousemessaging network, and asset-backed blockchain gateway. OmiseGO is not
ownedby any single one party. Instead, it is an open distributed network ofvalidators
whichenforce behavior of all participants. It uses the mechanism of a protocol token
tocreate a proof-of-stake blockchain to enable enforcement of market activityamongst
participants.This high-performant distributed network enforces exchange across as-
setclasses, from fiat-backed issuers to fully decentralized blockchain tokens(ERC-20
styleand native cryptocurrencies).
Features:
Access - Through theopen source, white-label SDK, digital wallet providers can connect to thepublic OMG network to enable users to transact any digital assets, includingcrypto and fiat currencies.
Security - Bonding tothe Ethereum blockchain creates secure token custody, decentralized exchange ofall Ethereum assets, and ultra-secure transaction validation.
Scalability - ThePlasma architecture allows for unlimited scalability with unprecedentedtransaction speed: millions, and potentially billions of transactions persecond.
Interoperability -Financial applications, such as wallets, will be able to interact seamlesslywith one another via the OMG network. Users will also be able to trade assetsfrom different blockchains protocols, like Bitcoin.
Decentralized - OMG isnot owned by any central authority; it is controlled by users and validators(stakers) on the network. Through staking, token holders can validatetransactions and earn fees. As the network gains value, so does the token.
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