OMG Network (OMG) Cambio
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What is OMG Network?
OMG Network is a layer-2 scaling solution for Ethereum. The core mechanism behind the project is called MoreViable Plasma: it groups several transactions of the Ethereum network to get them processed as one. It helps to reduce the transactions’ duration and costs.
Earlier, the project has been known as OmiseGo. It was founded by a Thailand-based fintech enthusiast Vansa Chatikavanij. Currently, there is a team of 50+ people behind this project.
OMG is ranking 40th with a market cap of over $0.5B. The price of the asset showed a positive trend in 2020; now, it is about $4.
