Assets & Networks5 min read
OMG Network (OMG): What You Should Know
A quick, evergreen primer on OMG Network’s purpose, design, and how it’s used.
What is OMG Network?
OMG Network (formerly OmiseGO) explored scaling Ethereum payments with a focus on low fees and fast finality. Its work overlaps with the broader evolution of Layer 2 designs.
Key Ideas
- Throughput and cost: batching transactions to reduce fees.
- Bridging value: moving assets efficiently while preserving security guarantees.
- Ecosystem fit: one of many approaches that informed today’s L2 landscape.
What to Consider
- Always check current network status, liquidity, and developer activity.
- Compare with modern rollups and L2s if your goal is low-cost transfers.
- Review custody and bridge risks before moving assets across chains.
Bottom Line
OMG Network contributed ideas to the scaling conversation. For users today, the landscape includes robust rollups and sidechains—evaluate costs, security, and ecosystem support before choosing where to build or transact.