OMG Network (OMG) | Buy OMG Network Now |
---|---|
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 | 41 |
Current price | $0.224535 |
Change 24h | -3.41% |
Change 7d | -6.22% | Market Cap | $31 489 973 |
Available supply | 140 245 398 OMG |
Volume 24h | $4 655 790 |
Updated | Saturday, November 2, 2024 9:00:07PM UTC |
Nature | Coin |
Mineable | No |
Discussion | |
WWW | Website |
After | Price | Change |
1 day | $0.215748 | -3.91% |
---|
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.
Date | Open, $ | Min, $ | Max, $ | Market cap, $ |
---|---|---|---|---|
Oct 24 | 0.259851 | 0.259402 | 0.263807 | 36 950 895 |
Oct 25 | 0.262879 | 0.252741 | 0.262879 | 35 485 488 |
Oct 26 | 0.233322 | 0.233322 | 0.241852 | 33 540 241 |
Oct 27 | 0.239032 | 0.237864 | 0.242047 | 33 945 966 |
Oct 28 | 0.241191 | 0.235228 | 0.242675 | 34 033 995 |
Oct 29 | 0.240893 | 0.240893 | 0.251770 | 34 880 223 |
Oct 30 | 0.248557 | 0.245632 | 0.249791 | 34 466 744 |
Oct 31 | 0.246073 | 0.232631 | 0.246073 | 32 849 399 |
Nov 01 | 0.234662 | 0.228318 | 0.237602 | 32 324 910 |
Nov 02 | 0.231257 | 0.224064 | 0.232721 | 31 537 382 |
* 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.
# | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
1 | BTC | Bitcoin predictions | 74.8% | 41 | $69 432.76 | 0.06% | 3.55% | $1 373 164 306 788 | ||
---|---|---|---|---|---|---|---|---|---|---|
2 | ETH | Ethereum predictions | 85.6% | 26 | $2 492.61 | -0.74% | 0.34% | $300 136 843 914 | ||
3 | USDT | Tether predictions | 90.8% | 1 | $1.000007 | 0.06% | 0.13% | $120 577 172 177 | ||
4 | BNB | Binance Coin predictions | 93.6% | 4 | $568.70 | -0.52% | -2.46% | $81 949 058 825 | ||
5 | SOL | Solana predictions | 65.6% | 68 | $166.01 | 0.18% | -3.09% | $78 159 405 859 | ||
6 | USDC | USD Coin predictions | 91.6% | 1 | $1.000255 | 0.04% | 0.04% | $34 882 388 926 | ||
7 | XRP | XRP predictions | 94% | 5 | $0.509995 | -0.25% | -0.36% | $29 002 721 173 | ||
8 | DOGE | Dogecoin predictions | 58% | 84 | $0.159086 | 0.68% | 15.76% | $23 326 702 688 | ||
9 | TRX | TRON predictions | 93.2% | 4 | $0.166175 | -0.68% | 0.84% | $14 366 395 280 | ||
10 | TON | Toncoin predictions | 88.4% | 10 | $4.88 | -0.11% | -0.80% | $12 410 651 179 | ||
11 | ADA | Cardano predictions | 94% | 7 | $0.347833 | -2.60% | 4.35% | $12 172 428 724 | ||
12 | SHIB | SHIBA INU predictions | 82.4% | 31 | $0.000017 | -0.18% | 2.52% | $10 277 081 759 | ||
13 | STETH | Lido stETH predictions | 94% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 | ||
14 | WTRX | Wrapped TRON predictions | 95.2% | 1 | $0.116354 | -0.46% | 0.23% | $10 171 995 609 | ||
15 | WBTC | Wrapped Bitcoin predictions | 94% | 1 | $65 806.83 | 0.78% | -2.68% | $10 083 957 608 |
NordFX Copy Trading stands out as a streamlined yet potent avenue for individuals eager to augment their financial capacity. This platform serves as a conduit for veteran traders to gain supplementary profits by marketing their trade signals...
Forex hedging is a risk management strategy that offsets potential losses by taking opposite positions. It involves placing trades that serve as a safeguard against adverse price movements...
More and more countries across the globe offer the option to invest in citizenship and obtain a second passport. This opens the doors to various opportunities like global expansion...
AI machine learning models are a hot topic right now, and ChatGPT is the name on everyone’s lips. Some believe AI will inevitably lead to millions of job losses...
The crypto market cap fell 1.6% in 24 hours to $1.166 trillion. Risk assets in traditional markets came under pressure as the accumulated overheating in equities (especially in techs) accompanied a trigger...
The crypto market has been selling off since Tuesday morning, losing 1.7% to 1.17 trillion in 24h. Bitcoin is down 1.6%, Ethereum is down 1.75%, while the top altcoins are losing between 0.9% for BNB and 3.7% for Solana...
Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.
© 2015-2024 Crypto-Rating.com
The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.