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OMG Network (OMG) Price, Market Cap and Information


OMG Network (OMG) Buy OMG Network Now
OMG Network (OMG) OmiseGo (OMG) is a public Ethereum-based financial technology designed for mainstream digital wallets, that enables real-time, peer-to-peer value exchange and payment services.
CVIX 79
Current price $14.39
Change 24h 0.77%
Change 7d 2.28%
Market Cap $2 018 338 230
Available supply 140 245 398 OMG
Volume 24h $596 861 865
Updated Saturday, October 23, 2021 4:00:06PM UTC
Nature Coin
Mineable No
Discussion
WWW Website

OMG Network price change 24 hours

OMG Network Short Term Forecast

After Price Change
1 day $14.88 3.37%

OMG Network Price Predictions

OMG Network General Information

General OMG facts, technical details and OMG Network Cryptocurrency information

OmiseGo (OMG) is a public Ethereum-based financial technology designed for mainstream digital wallets, that enables real-time, peer-to-peer value exchange and payment services. Back at the very beginning of 2017, the well-known financial company Omise revealed its plans to create OmiseGo crypto currency platform. The list of project’s advisors is very impressive, including Vitaliy Buterin, Vlad Zamfir (the creators of the Etherium), Julian Zavistovsky (the developer of Golem), Iye Kwon (creator of Cosmos), Roger Ver (developer of Bitcoin Com) and others. During ICO in early June 2017, the project raised $ 19 million, and after the release of tokens on the crypto-exchanges, its price began to increase dramatically. A little later in August, Vitaly Buterin and Joseph Pun announced the announcement of their new Plasma project, and OmiseGo developers added to the statement that their platform would be based on "plasma". In many respects it was this news that made it possible to raise the project's capitalization to a record $ 1 billion, and the cost of OMG tokens from their release date increased more than 25 times.

There are several features that give OmiseGo considerable advantages over other crypto currency platforms: wide availability of the platform (you do not need to have an account with the bank, and the company itself has a certain reserve in several national currencies); scalability of the system (all transactions are carried out as quickly and efficiently as possible, regardless of how badly the network is loaded); high standards of safety; independence of the system from states or banking structures of the world; availability of a mechanism that is responsible for the liquidity indicators of the project’s cash.

OMG Network (first developed as OmiseGO) is a non-custodial, Layer 2 scaling solution for transferring value on Ethereum. How the protocol processes transactions is centralized, but its Plasma-based design aims to decentralize network security. It also relies on Ethereum at its final arbitration layer. Most blockchain ecosystems are limited by low throughput, high and unpredictable transaction fees, and poor user experience. The project's team believes these are barriers that need to be overcome before businesses and developers will adopt blockchain for real-world applications, leading them to develop the OMG Network.

The core security proposition of Plasma revolves around honest users being able to exit the child chain (in other words, withdraw funds to the root chain) at any time. To exit the child chain, a user submits an exit transaction – along with an exit bond – to the root chain. The exit is subject to a "challenge period," during which any user can prove, if applicable, that the exit is invalid. If successfully shown to be invalid, the exit is not processed, and the challenger is awarded the exit bond. This exit game is solely dependent on the root chain.

As the child chain relies on the root chain to be its ultimate arbiter, it must periodically commit a hashed version of its state changes to the root chain by way of a smart contract. As opposed to submitting individual transaction data onto the root chain, the child chain bundles transactions into a Merkle tree and submits the root hash. Beyond these core elements, there is no prescribed configuration for a Plasma chain. They can take on different consensus protocols, block validation mechanisms, or fraud proofs. The design is adaptable to the use case. OMG Network is based on the Plasma MoreVP design, an extension of Minimum Viable Plasma optimized for the settlement of payments and value exchange between users and exchanges.

The original OMG Network team (under the OmiseGO name) co-authored the original Plasma white paper with Joseph Poon and was also the first project to perform an airdrop, a way to more widely share ownership of our token with the existing Ethereum community.

OMG Network Historical Data – 10 days

Date Open, $ Min, $ Max, $ Market cap, $
Oct 14 14.99 14.35 15.00 2 036 915 487
Oct 15 14.46 13.81 14.52 1 967 951 921
Oct 16 13.91 13.91 14.38 1 973 672 143
Oct 17 14.11 13.49 14.13 1 929 388 840
Oct 18 13.80 13.80 14.42 1 951 348 301
Oct 19 14.00 13.79 14.00 1 955 773 305
Oct 20 14.24 13.84 14.61 2 048 514 508
Oct 21 14.65 14.63 15.74 2 065 371 390
Oct 22 14.80 13.99 15.44 1 987 441 773
Oct 23 14.20 14.12 14.44 2 018 338 230

OMG/USD Price Charts

OMG to USD price chart – 7 days
OMG to USD price chart – 30 days
OMG to USD price chart – 60 days
OMG to USD price chart – 6 months

* Crypto Rating accepts no liability for any errors in the OMG Network information, OMG Prices and OMG's Market Cap. For the most up-to-date prices please visit the OMG Network's official website.

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 63.6% 76 $61 458.98 1.11% 0.86% $1 158 625 753 535 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 73.6% 57 $4 082.48 2.76% 4.46% $481 915 061 527 ETH 7 days price change
3 Binance Coin (BNB) BNB Binance Coin predictions 70% 60 $482.29 0.16% 3.20% $80 446 405 900 BNB 7 days price change
4 Cardano (ADA) ADA Cardano predictions 87.6% 12 $2.16 0.70% -1.89% $71 167 764 217 ADA 7 days price change
5 Tether (USDT) USDT Tether predictions 90.8% 1 $1.000592 0.06% 0.08% $69 615 287 907 USDT 7 days price change
6 Solana (SOL) SOL Solana predictions 69.2% 55 $199.26 -3.69% 24.90% $59 943 388 956 SOL 7 days price change
7 XRP (XRP) XRP XRP predictions 71.6% 52 $1.096591 -0.01% -4.83% $51 480 920 850 XRP 7 days price change
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11 Terra (LUNA) LUNA Terra predictions 69.2% 65 $43.20 0.80% 16.53% $17 346 794 216 LUNA 7 days price change
12 UniSwap (UNI) UNI UniSwap predictions 74.8% 49 $25.88 0.71% -5.55% $15 826 587 358 UNI 7 days price change
13 Avalanche (AVAX) AVAX Avalanche predictions 67.6% 65 $66.01 -2.29% 10.46% $14 541 070 585 AVAX 7 days price change
14 Chainlink (LINK) LINK Chainlink predictions 74% 49 $31.21 8.63% 10.49% $14 389 277 934 LINK 7 days price change
15 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 66.8% 75 $61 467.14 1.06% 0.81% $13 589 956 947 WBTC 7 days price change

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