What is OMG Network (OMG)?
OMG Network is a blockchain platform that has been designed to serve the very unique purpose of acting as a means to transfer assets from one e-wallet to another. This is a function for which no other cryptocurrency has been designed or intended to use, so OMG Network is a very unique piece of technology that has a specific niche purpose: facilitating e-wallet transfers
The OMG Network blockchain possesses its own trading engine where vendors are provided the opportunity to trade assets with other parties. The orders generated by these transactions can either be left open-ended or can be assigned certain blocks within which to finish.
OMG Network is also interoperable with the Ethereum blockchain which adds an additional layer of flexibility in the overall technology’s design.
- OMG Network
- Price $0.796
- Market Cap
Unique Features of OMG Network (OMG)
Design and Intention
OMG Network was developed by programmers who realised that it would be inevitable that with the proliferation of blockchain technology and cryptocurrencies that it would eventually be necessary for individuals to be able to transfer assets from across one e-wallet to another. And so, OMG Network was designed to achieve this specific purpose and function. This makes it one of the most uniquely designed of all cryptocurrencies as the first major one to be used for just the purpose of transferring assets from various e-wallets.
OMG Network and Ethereum
OMG Network has been designed to be fully compatible with the Ethereum blockchains with all nodes set up in the OMG Network blockchain also being available to the Ethereum blockchain.
This unique degree of connectivity permits the creation of new assets that can be used by both or either of the blockchains by E-wallet providers. This great degree of flexibility is one of the main reasons that OMG Network has been experiencing much growth and improvement in the past few years.
Overall, the unique premise of OMG Network (OMG) is the primary reason why it has been designed with such a unique plan that permits such a high degree of interoperability with Ethereum.
Why Should you Invest in OMG Network (OMG)?
OMG Network is a cryptocurrency technology that has been designed to fulfil a niche, and growing, function-that of facilitating asset transfers between E-Wallets which is a growing demand that requires satisfaction by consumers. This, plus the fact that OMG Network has been very intelligently designed to fulfil this exact purpose means that it is a product that has a great chance of being highly successful in the market for a good period of time.
As such, it can be reasoned that investing in OMG Network is a relatively safe bet given that it fulfills a niche that no other cryptocurrencies which to tackle. Of course, though, the altcoin market is a highly volatile one so you can never be sure. Nonetheless, it can still be said that OMG Network is a relatively safe choice of cryptocurrency to invest in. For these reasons, it may well be worth investing in OMG Network as a safe option that is more likely to become a major cryptocurrency in the future than it is to crash given its unique nature and purpose.