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Sunday, June 26, 2022

What is OMG Network?

“The OMG Network is a trustless, non-custodial, Layer-2 scaling solution for transferring value on Ethereum”

To translate, OMG network defines itself as the leading production-grade layer-2 Ethereum scaling solution and intends to help people transfer money and other digital values on the blockchain faster, at a lower cost, and without compromising on security.

From the beginning, it was obvious the OMG Network was going to be distinctive.
Both the Bank of Thailand and the Thai Ministry of Finance granted the project a nod of approval. That’s a huge thing speaking of the crypto world.

The project also has support from the Ethereum devs, Vitalik Buterin, and Gavin Wood.
So it’s no wonder OMG has seen considerable growth and progress since its debut.
Today, the OMG Network operates as a valuable second-layer scaling solution that improves the transactional through Ethereum with lower fees and an increase in transaction speed.

OMG Coin has a circulating supply of 140,245,398 from a total of 140,245,398.

With a Market Cap of $1,109,302,950 and a 24h trading volume of $1,065,636,583, OMG token occupies a #91 rank in top cryptocurrencies coins, looking forward to a top 50 for sure.

OMG Network Chart
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Where to buy OMG coins?

Even if you don’t find the coin on numerous exchanges, it’s more than enough that you can buy OMG from Binance and Coinbase

Those 2 exchanges you can also use as wallets, just to keep safe your OMG coins or other cryptocurrencies coins.

Who is behind OMG Network?

The head developer of the OMG Network project is none other than Joseph Poon. 

He is known for developing the Plasma and the Lightning Network. 

Both of these second-layer protocols hold the potential to transform the market going forward. His expertise backed to make the OMG Network a one-of-a-kind project in the crypto market.

The community that follows this project it’s also huge. With 311,7 K followers on Twitter and 9000 active members on Telegram, OMG Network it’s a project you want to keep an eye on.

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