OmiseGO (OMG)

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OmiseGo (OMG) is a cryptocurrency made by the parent company Omise and co-founded by Jin Hasegawa and Donnie Harinsut in 2017. It is a decentralized blockchain project that is a next-generation financial network, open payment platform and decentralized economy. 

OmiseGo is aiming for financial inclusion for everybody as well as interoperability. Created by Omise, a South-East Asian venture-backed payments company, the team over at OMG have managed to create a decentralized bank, exchange and asset-blockchain gateway. The cryptocurrency project launched with a successful Initial Coin Offering (ICO) which had raised around $25 million in 2017.

OMG uses a Proof-of-Stake consensus mechanism that rewards stakers that hold OMG in their wallets to secure the network. OMG is said to be the first cryptocurrency that will implement the Plasma technology created by Joseph Poon. Plasma is an Ethereum-based scaling solution that will aid in the Ethereum network being able to process thousands of transactions per second (TPS). Currently, Ethereum can produce around 25 TPS, therefore the research conducted by OMG in implementing Plasma into their blockchain will be paramount for Ethereum moving forward.

Although the core team of OMG is very strong, their advisory board includes cryptocurrency titans such as Joseph Poon, Vitalik Buterin and Gavin Wood - very well known cryptocurrency figures. Furthermore, the Omise and OmiseGo team have managed to secure some high profile partnerships over the course of their time. One of their most compelling partnerships was with McDonalds back in September 2017, who partnered with Omise to be its exclusive payment gateway for their Thailand McDonalds website. OmiseGo has also been involved in discussions with the Thailand Finance Ministry and The Central Bank of Thailand with regard to digital currency and cashless societies.

 


Is OmiseGo (OMG) A Good Investment? In-depth Analysis and Near to Longer-Term Expectations.

1 week ago 7 minute read CryptoBoomer $5.15 tipped

OmiseGo is a payment network ecosystem that tries to make a “free and open” financial system and combine it with the decentralization concept of the blockchain. OmiseGo is building its network on top of its own Plasma implementation of the Ethereum...

Top Three cryptocurrencies You Should Invest in 2020

1 week ago 2 minute read CryptoUpdates $0.16 tipped

The great increase in the number of cryptocurrency users across all cryptocurrencies is highly demanding. The blockchain transfer and banking increase it’s target to around 2 billion users by the year 2020. However, it’s advisable not to just invent...

Ethereum, OmiseGO, Plasma & Hydro Pay

3 weeks ago 3 minute read JamesMorillo $2.86 tipped

Background Ethereum has proven itself a robust platform for building decentralized financial (DeFi) apps and decentralized applications (dApps). With thousands of developers worldwide, these applications can interlink with one another through interop...

OMG / BTC technical analysis [BINANCE]

9 Oct 2019 2 minute read MrBullishSail $1.41 tipped

OMG saw from the temporality of 1W we can see how the price has fallen more than 400% since April this year, now the RSI indicator has formed a double floor within the descending wedge and with a view to increasing, this is a sign of a close change...

OmiseGo and its wallets.

9 Oct 2019 6 minute read Snow Under Sun $0.34 tipped

OmiseGo ( OMG ) is one the most successful and working project. Their Plasma offers very high transaction per second (TPS). Recently OmiseGo and Hydro have partnership for use in HydroPay with fast speed transactions. They are creating an interopera...

Hydro Labs partners with OmiseGO

8 Oct 2019 2 minute read Hydro Labs $1.51 tipped

Hydro Labs is proud to announce a new partnership with plasma infrastructure provider OmiseGO. This partnership will ensure that Hydro Pay transactions are no longer bottlenecked by Ethereum scalability issues. Users of the peer-to-peer (P2P) payment...

Crypto Protocols Aren't Sexy Yet, But Will Cause The Next Crypto Boom

2 Oct 2019 8 minute read Jeremy Wall $5.79 tipped

In the Fat Protocols thesis written by Joel Monegro in 2016, he predicted that where value is captured with blockchain, it will be the opposite to that of the internet. Explaining, he said the foundation of the internet – the shared protocols in whic...

OmiseGo Can Easily Get Into Top 15 Under ONE Condition

30 Sep 2019 3 minute read Jeremy Wall $10.42 tipped

With over 2900 cryptocurrencies according to CoinMarketCap, there’s no question that the market is saturated with shitcoins. Some experts predict that 99% of cryptocurrencies will inevitably fade away into oblivion as they fail to offer anything of v...

What Is OmiseGo? - [A Comprehensive Guide to Understanding OmiseGo]

25 Sep 2019 6 minute read Mr.CryptoWiki $5.91 tipped

Image source: https://themerkle.com/3-interesting-aspects-of-the-omisego-oriented-go-exchange/ OmiseGo is one of the most interesting projects that’s being built on top of Ethereum blockchain. In short, OmiseGo is basically a proof of stake (PoS) pl...

How OmiseGO Can Help Ethereum Scale Up to Millions of Transactions Per Second

25 Sep 2019 4 minute read Jeremy Wall $5.44 tipped

As cryptocurrencies and blockchain increase in popularity with a growing number of use cases and public awareness, the technology is failing to keep up with demand. Decentralized blockchain networks like Bitcoin and Ethereum are experiencing very slo...

Omisego: Learn about Omisego, a plasma scalable token based on ethereum and a proof-of-stake coin

2 Aug 2019 3 minute read quintomudigo $0.27 tipped

      Omisego is a native token created on Ethereum Blockchain network whose transaction takes place from one peer to another without involvement by the government thus is being considered to be a decentralized asset. Omisego token has also implemen...

Four proof of stake coins

2 Aug 2019 2 minute read tsakf $0.43 tipped

The are many different, consensus for cryptocurrency blockchains. Bitcoin, has the proof of work consensus. In a previous article, we saw some coins, with the proof of capacity consensus(Four Proof of Capacity coins). With the proof of stake consensu...

Omisego Price Prediction for 2019/2020: Long Term Outlook

31 May 2019 1 minute read daniejjimenez $2.74 tipped

OmiseGo (OMG). The cryptocurrency at the time of writing has a price of $ 2.19 USD with a reduction of -6.46% in the last 24 hours and a marketcap of just over $ 307 million dollars, to position in position 32 of the ranking. OMG presents an ETH dep...