There is a diverse amount of cryptocurrencies in the market and majority of those cryptos have special attributes which set them apart from every other digital asset. OmiseGO (OMG) has asset. OmiseGO (OMG) has the aim to unbank the banking system and introduce its own decentralized platform which produces easy and effective user interface.
The OmiseGO (OMG) through its network allows financial interoperability and incorporation through the public and the OMG decentralized platform. The OmiseGo network is working on the solution for the finance on Ethereum. They are looking to enable P2P and transparent transferring of money in the real-time.
The users of OmiseGO (OMG) are allowed to create an application with the SDK, which allows the users with wallet-to-wallet (W2W) transactions of fiat currencies and the digital assets. The OMG network also provides a decentralized exchange mechanism which helps the users with the cross-chain and the multi-asset interoperability, which is secure, scalable through the Proof-of-Stake (PoS).
The other benefit of using OmiseGO (OMG) network is that it allows users to have access to the to the digital assets which are kept under severe security on the chain, while also allowing the users to manage and transact those assets as well.
OmiseGO (OMG) combination with the ETH blockchain builds secure and private token custody. The ETH blockchain allows OMG network to have access to the entire decentralized exchange of the ETH assets, which allows the users to have top-notch secure money transferring validation.
The OmiseGO (OMG) network is developed under the Plasma composition. This Plasma blockchain system allows the OmiseGO for limitless scalability. It also provides an exceptional transaction speed with up to millions of transactions per second (tps) or probably billions of tps.
The OmiseGO (OMG) network has plans to develop a bigger and better OMG ecosystem and the dev team are up to their task. The OmiseGO team are developing a wallet SDK and DEX which is a very crucial part of the overall OMG system.
At the moment, OmiseGO stands on the 28th spot in the coinmarketcap rankings. It is still under development and the goal is to create an unbanked financial system which is easily reachable to everyone. If the OMG network in coming time makes a major breakthrough than we would see it among to 20 cryptos.
At the time of writing, OmiseGO (OMG) was trading with a price of $1.5 USD with a market cap of $204 million and a trading volume of $41 million. In the last 24 hours, OMG has surged up to 6% and looks to kick off the new year in style.