X

Feedback + Support

Need Assistance? Notice something missing or broken? Let us know!

Press esc to dismiss

project icon for omisego

OmiseGO

OMG
$2.94
2.29%
Positive delta icon

OmiseGO is a Delegated Proof of Stake network built alongside Ethereum that aims to facilitate decentralized payment processing from e-wallet operators by providing the necessary public infrastructure.

Overview

Project Stage

Testnet status icon

Amount Raised

$26,301,268.00

Market Cap

$412MM

Sector

Exchange

Blockchain

Ethereum token icon

Ethereum

Funding Source

Token Sale

Project Profile

OmiseGO (pronounced ‘Oh-me-say-go’) is a delegated proof of stake (DPOS) network built alongside Ethereum that aims to provide the infrastructure to facilitate decentralized payment processing from e-wallet operators, such as Alipay and Venmo. By enabling decentralized exchange at high volumes and low costs, OmiseGO intends to improve coordination amongst payment processors, gateways, and financial institutions.

A subsidiary of Omise, a leading online payment gateway service provider operating in Southeast Asia, OmiseGO was co-founded by Jun Hasegawa and Donnie Harinsut as an e-commerce company in 2013, and is currently registered as a LLC in Singapore with major headquarters located in Tokyo and Bangkok. The project’s advisors include Vitalik Buterin, Joseph Poon, Gavin Wood, Vlad Zamfir, and Roger Ver. The project is currently on an external testnet, focusing research on proof of stake design, Ethereum integration, and DEX integration.

Project Details

OmiseGO's infrastructure enables consumers to exchange electronic cash directly with merchants, e-wallet service providers, and other users, all without relying on banks or centralized payment processors. Service providers are OmiseGO's primary network user and use OmiseGO’s token, OMG, to establish consensus nodes to secure the network, and access payment processing and exchange services.

Most activity, such as settlement and clearing, will occur on the OmiseGO blockchain, which uses DPOS to validate transaction order, while the Ethereum network records the blockchain state. The project plans on integrating Plasma architecture, a proposed scaling solution for Ethereum that would increase transaction capacity and speeds through a combination of proof-of-stake bonding, fraud proofs, and MapReduce functions. In essence, Plasma inspired scaling solutions leverage smart contracts on the main-chain to determine the rules of use-case specific plasma chains, which are like side-chains but with different exit mechanisms. Currency transfers can occur in a scalable manner: while all state transitions must be tracked on the OmiseGO’s root chain (Ethereum), it is not the case that every transaction must be submitted to the root chain individually—using a plasma chain, many transactions can be squished together and submitted to the root chain as a single state change. The significant technological challenge to this strategy for increasing transaction throughput concerns the event that everyone tries to remove funds from the main-chain simultaneously, since this requires multiple chains to reach consensus.

OmiseGO’s main features include:

A Decentralized Exchange Network. OmiseGO’s decentralized exchange is designed to be a scalable and secure Proof-of-Stake blockchain, where any form of digital asset can be traded. All transaction orders are managed on-chain and validated by nodes participating in the proof of stake consensus process. Transaction fees are dynamic, and the project intends for the exchange to provide interoperability for all Ethereum tokens and Bitcoin style blockchains.

A Trading Engine. OmiseGO’s trading engine, which publishes and matches orders as part of every block when a matched order received sufficient validation confirmations, is built into the OMG blockchain and is designed to make the DEX non-custodial.

A Cash-Out Touch Point Network. OmiseGO’s digital wallet software development kit (SDK) allows wallets to be topped up or cashed out at ATMs or over-the-counter through the wallet’s integrations with debit and credit cards. The team intends to create a network of banking, hardware, and retail partners where tokens can be withdrawn to fiat, or fiat tokenized to wallets.

Asset Details

OmiseGO’s token, OMG, is primarily used for participation and oversight in network consensus. Node operators stake OMG to gain the right to run validator nodes, and are compensated through transaction fees. Earnings are a function of tokens staked; validators staking more tokens take a larger portion of transaction fees. Staked OMG acts as a security deposit, and may be forfeited (burned) should node operators act improperly, such as by deviating from consensus rules. Validator activity on the OmiseGO blockchain is also enforceable on the Ethereum blockchain through native smart contracts, with the Ethereum blockchain acting as a root chain in OMG’s proposed scaling solution.

project icon for omisego

OmiseGO

OMG
$2.94
2.29%
Positive delta icon
OmiseGO is a Delegated Proof of Stake network built alongside Ethereum that aims to facilitate decentralized payment processing from e-wallet operators by providing the necessary public infrastructure.

Overview

STATUS

MARKET CAP

BLOCKCHAIN

TOKEN TYPE

Testnet status icon
Testnet
$412MM
Ethereum token icon

Ethereum

ERC-20

FUNDING SOURCE

AMOUNT RAISED

SECTOR

Token Sale

$26MM

Exchange

Project Profile

OmiseGO (pronounced ‘Oh-me-say-go’) is a delegated proof of stake (DPOS) network built alongside Ethereum that aims to provide the infrastructure to facilitate decentralized payment processing from e-wallet operators, such as Alipay and Venmo. By enabling decentralized exchange at high volumes and low costs, OmiseGO intends to improve coordination amongst payment processors, gateways, and financial institutions.

A subsidiary of Omise, a leading online payment gateway service provider operating in Southeast Asia, OmiseGO was co-founded by Jun Hasegawa and Donnie Harinsut as an e-commerce company in 2013, and is currently registered as a LLC in Singapore with major headquarters located in Tokyo and Bangkok. The project’s advisors include Vitalik Buterin, Joseph Poon, Gavin Wood, Vlad Zamfir, and Roger Ver. The project is currently on an external testnet, focusing research on proof of stake design, Ethereum integration, and DEX integration.

Project Details

OmiseGO's infrastructure enables consumers to exchange electronic cash directly with merchants, e-wallet service providers, and other users, all without relying on banks or centralized payment processors. Service providers are OmiseGO's primary network user and use OmiseGO’s token, OMG, to establish consensus nodes to secure the network, and access payment processing and exchange services.

Most activity, such as settlement and clearing, will occur on the OmiseGO blockchain, which uses DPOS to validate transaction order, while the Ethereum network records the blockchain state. The project plans on integrating Plasma architecture, a proposed scaling solution for Ethereum that would increase transaction capacity and speeds through a combination of proof-of-stake bonding, fraud proofs, and MapReduce functions. In essence, Plasma inspired scaling solutions leverage smart contracts on the main-chain to determine the rules of use-case specific plasma chains, which are like side-chains but with different exit mechanisms. Currency transfers can occur in a scalable manner: while all state transitions must be tracked on the OmiseGO’s root chain (Ethereum), it is not the case that every transaction must be submitted to the root chain individually—using a plasma chain, many transactions can be squished together and submitted to the root chain as a single state change. The significant technological challenge to this strategy for increasing transaction throughput concerns the event that everyone tries to remove funds from the main-chain simultaneously, since this requires multiple chains to reach consensus.

OmiseGO’s main features include:

A Decentralized Exchange Network. OmiseGO’s decentralized exchange is designed to be a scalable and secure Proof-of-Stake blockchain, where any form of digital asset can be traded. All transaction orders are managed on-chain and validated by nodes participating in the proof of stake consensus process. Transaction fees are dynamic, and the project intends for the exchange to provide interoperability for all Ethereum tokens and Bitcoin style blockchains.

A Trading Engine. OmiseGO’s trading engine, which publishes and matches orders as part of every block when a matched order received sufficient validation confirmations, is built into the OMG blockchain and is designed to make the DEX non-custodial.

A Cash-Out Touch Point Network. OmiseGO’s digital wallet software development kit (SDK) allows wallets to be topped up or cashed out at ATMs or over-the-counter through the wallet’s integrations with debit and credit cards. The team intends to create a network of banking, hardware, and retail partners where tokens can be withdrawn to fiat, or fiat tokenized to wallets.

Asset Details

OmiseGO’s token, OMG, is primarily used for participation and oversight in network consensus. Node operators stake OMG to gain the right to run validator nodes, and are compensated through transaction fees. Earnings are a function of tokens staked; validators staking more tokens take a larger portion of transaction fees. Staked OMG acts as a security deposit, and may be forfeited (burned) should node operators act improperly, such as by deviating from consensus rules. Validator activity on the OmiseGO blockchain is also enforceable on the Ethereum blockchain through native smart contracts, with the Ethereum blockchain acting as a root chain in OMG’s proposed scaling solution.

Recent News

Chainalysis adds tracking for group of ERC-20 tokens.

The company offers AML tracking tools to monitor token movements on public blockchains. Newly added tokens include BAT, OMG, DAI, MKR, and ZRX. Major exchanges including Binance and Bittrex use Chainalysis's software, as do a variety of government institutions.

October 3, 2019

Sources:

CoinDesk

USDT integrates with OMG Network.

Tether, USDT, has been integrated onto the OMG network, according to a Monday blog post from OMG. The company also announced the release of its mainnet beta based on More Viable Plasma and a rebranding to OMG from OmiseGo on Monday. Paolo Ardoino, CTO of Bitfinex, and Tether stated that the move should help reduce costs, and increase the performance of USDT transfers while reducing the transaction load on Ethereum.
Show projects Article List
Sort icon: direction descending
Profile Updated
166d
Project details updated.
No icon fallback
ALTG
Profile Updated
166d
Project details updated.
Project Added as Signal
179d
Project details updated.
Profile Updated
179d
Project details updated.
Profile Updated
180d
Project details updated.
project icon for beam
BEAM
Profile Updated
180d
Project details updated.
Profile Updated
185d
Project details updated.
Profile Updated
185d
Project details updated.
project icon for qtum
QTUM
Profile Updated
190d
Project details updated.
Profile Updated
190d
Project details updated.
Profile Updated
191d
Project details updated.
project icon for aion
AION
Profile Updated
191d
Project details updated.
Profile Updated
192d
Project details updated.
project icon for grin
GRIN
Profile Updated
192d
Project details updated.
Profile Updated
193d
Project details updated.
Profile Updated
193d
Project details updated.
Profile Updated
197d
Project details updated.
project icon for kadena
KADENA
Profile Updated
197d
Project details updated.
project icon for chia
CHIA
Profile Updated
199d
Project details updated.
project icon for waves
WAVES
Profile Updated
199d
Project details updated
Profile Updated
201d
Project details updated.
Profile Updated
201d
Project details updated.
Profile Updated
204d
Project details updated.
No icon fallback
KLAY
Profile Updated
204d
Project details updated.
Profile Updated
205d
Project details updated.
project icon for neo
NEO
Profile Updated
205d
Project details updated.
Profile Updated
206d
Project details updated.
Profile Updated
206d
Project details updated.
project icon for aelf
ELF
Profile Updated
207d
Project details updated.
project icon for eos
EOS
Profile Updated
207d
Project details updated.
Profile Updated
208d
Project details updated.
Profile Updated
208d
Project details updated.
project icon for storj
STORJ
Profile Updated
212d
Project details updated.
Profile Updated
213d
Project details updated.
Profile Updated
213d
Project details updated.
project icon for zrx
ZRX
Profile Updated
214d
Project details updated.
project icon for tether
USDT
Profile Updated
214d
Project details updated.
project icon for wax
WAXP
Profile Updated
215d
Project details updated.
Profile Updated
215d
Project details updated.
Profile Updated
218d
Project details updated.
Profile Updated
218d
Project details updated.
Profile Updated
219d
Project details updated.
project icon for tzero
TZEROP
Profile Updated
219d
Project details updated.
Profile Updated
220d
Project details updated.
Profile Updated
220d
Protocol and asset details updated.
project icon for skale
SKALE
Project Added as Signal
220d
SKALE is an Ethereum Layer 2 scalability protocol facilitating the formation and operation of on-demand elastic sidechains.
Project Added as Signal
239d
TrueBit is a distributed marketplace for off-chain computation of resource-intensive smart contracts, verifying proper results using a game theory-based incentive structure rather than cryptographic proofs.
Project Added as Signal
250d
Spacemesh is a cryptocurrency and smart contract platform operating on directed acyclic graph infrastructure and utilizing a Proof-of-Spacetime consensus algorithm that intends to achieve a more equitable distribution of mining rights by decoupling the conferment thereof with access to financial means.
No icon fallback
BZRX
Project Added as Signal
252d
bZx is an Ethereum-based, decentralized cryptoasset lending protocol that facilitates margin trading of ETH and ERC-20 tokens.
Project Added as Signal
256d
Oasis Network is a permissionless, blockchain-based cloud computing platform that aims to improve upon the scalability and privacy of its peers through novel architecture.
Project Added as Signal
267d
FTX is a cryptoasset derivatives exchange, powered by a proprietary liquidation engine and clawback prevention protocol, offering futures, leveraged tokens and an over-the-counter trading portal.
Project Added as Signal
271d
ThunderCore is a permissionless, Turing-complete smart contract platform offering full EVM-compatibility and PaLa, a new variant of Proof-of-Stake consensus, as its distinguishing features.
Project Added as Signal
274d
Santiment is a blockchain data and analytics provider offering content streams, data feeds and analysis, APIs and its own ERC-20 token, SAN.
Project Added as Signal
288d
Nexus Mutual is a blockchain-based, protocol-enabled mutual insurance fund operating on Ethereum and owned entirely by its members, who buy into the fund by purchasing NXM tokens.
Project Added as Signal
316d
Gods Unchained is a decentralized trading card game that uses the ERC-721 non-fungible token standard to establish on-chain ownership of cards to be used in off-chain gameplay.
Project Added as Signal
326d
Synthetix is a decentralized synthetic asset issuance protocol consisting of an Ethereum-based smart contract, an exchange, and a dApp to facilitate smart contract interaction.
project icon for zrx
ZRX
Profile Updated
331d
Update on 0x v3, including protocol fees, staking incentives, and liquidity pooling with Uniswap, Kyber, and Oasis.
No icon fallback
LUNA
Project Added as Signal
340d
Terra is an algorithmically-governed, seigniorage share style stablecoin blockchain platform to which a collection of fiat-pegged tokens and a stabilizing cryptoasset, Luna, are native.
Profile Updated
357d
Stellar Development Foundation burns 55 billion XLM from its reserves, over half of the total supply, and removes the ongoing inflation to current token holders. The SDF had previously earmarked these tokens for community airdrops and ongoing organization funding.
Project Added as Signal
372d
Nervos is a public, PoW-based smart contract platform that utilizes off-chain computation in service of transaction scalability and implements a unique token emissions mechanic that imposes a perpetual cost for on-chain data storage.
Profile Updated
382d
Supply Information added.
project icon for beam
BEAM
Profile Updated
385d
Supply Information added.
project icon for grin
GRIN
Profile Updated
385d
Supply Information added.
Profile Updated
388d
Supply Information added.
Profile Updated
388d
Supply Information added.
project icon for siacoin
SC
Profile Updated
388d
Mining Information added.
project icon for dash
DASH
Profile Updated
389d
Mining and Supply Information added.
Profile Updated
389d
Mining and Supply Information added.
Profile Updated
392d
Mining and Supply information added.
Profile Updated
393d
Mining and Supply Information added.
project icon for kin
KIN
Project Removed as Signal
400d
Kin removed as Signal.
project icon for simple
OST
Project Added as Signal
401d
OST added as Signal.
Profile Updated
415d
Signal profile updated.
Project Added as Signal
429d
Edgeware added as Signal.
Profile Updated
431d
Ethereum Classic profile added.
project icon for steem
STEEM
Profile Updated
442d
Signal profile updated.
Profile Updated
442d
Signal profile updated.
project icon for neo
NEO
Profile Updated
442d
Signal profile updated.
No icon fallback
KLAY
Project Added as Signal
443d
Klaytn added as Signal.
No icon fallback
ALTG
Project Added as Signal
449d
Althea added as Signal.
Profile Updated
456d
Signal profile updated.
No icon fallback
UMA
Project Added as Signal
463d
UMA added as Signal.
No icon fallback
LIBRA
Project Added as Signal
463d
Libra added as Signal.
Project Added as Signal
469d
Chainlink added as Signal.
Profile Updated
475d
Signal profile updated.
Profile Updated
481d
Signal profile updated.
project icon for chia
CHIA
Profile Updated
487d
Signal profile updated.
project icon for bitfinex-leo
LEOTOKEN
Project Added as Signal
493d
Bitfinex LEO added as Signal.
project icon for coda
CODA
Profile Updated
499d
Signal profile updated.
Project Added as Signal
505d
Paxos added as Signal.
project icon for celo
CELO
Project Added as Signal
511d
Celo added as Signal.

You've reached the end of the list

project icon for omisego

OmiseGO

OMG
$2.94
2.29%
Positive delta icon
OmiseGO is a Delegated Proof of Stake network built alongside Ethereum that aims to facilitate decentralized payment processing from e-wallet operators by providing the necessary public infrastructure.

Overview

STATUS

MARKET CAP

BLOCKCHAIN

TOKEN TYPE

Testnet status icon
Testnet
$412MM
Ethereum token icon

Ethereum

ERC-20

FUNDING SOURCE

AMOUNT RAISED

SECTOR

Token Sale

$26MM

Exchange

Project Profile

OmiseGO (pronounced ‘Oh-me-say-go’) is a delegated proof of stake (DPOS) network built alongside Ethereum that aims to provide the infrastructure to facilitate decentralized payment processing from e-wallet operators, such as Alipay and Venmo. By enabling decentralized exchange at high volumes and low costs, OmiseGO intends to improve coordination amongst payment processors, gateways, and financial institutions.

A subsidiary of Omise, a leading online payment gateway service provider operating in Southeast Asia, OmiseGO was co-founded by Jun Hasegawa and Donnie Harinsut as an e-commerce company in 2013, and is currently registered as a LLC in Singapore with major headquarters located in Tokyo and Bangkok. The project’s advisors include Vitalik Buterin, Joseph Poon, Gavin Wood, Vlad Zamfir, and Roger Ver. The project is currently on an external testnet, focusing research on proof of stake design, Ethereum integration, and DEX integration.

Project Details

OmiseGO's infrastructure enables consumers to exchange electronic cash directly with merchants, e-wallet service providers, and other users, all without relying on banks or centralized payment processors. Service providers are OmiseGO's primary network user and use OmiseGO’s token, OMG, to establish consensus nodes to secure the network, and access payment processing and exchange services.

Most activity, such as settlement and clearing, will occur on the OmiseGO blockchain, which uses DPOS to validate transaction order, while the Ethereum network records the blockchain state. The project plans on integrating Plasma architecture, a proposed scaling solution for Ethereum that would increase transaction capacity and speeds through a combination of proof-of-stake bonding, fraud proofs, and MapReduce functions. In essence, Plasma inspired scaling solutions leverage smart contracts on the main-chain to determine the rules of use-case specific plasma chains, which are like side-chains but with different exit mechanisms. Currency transfers can occur in a scalable manner: while all state transitions must be tracked on the OmiseGO’s root chain (Ethereum), it is not the case that every transaction must be submitted to the root chain individually—using a plasma chain, many transactions can be squished together and submitted to the root chain as a single state change. The significant technological challenge to this strategy for increasing transaction throughput concerns the event that everyone tries to remove funds from the main-chain simultaneously, since this requires multiple chains to reach consensus.

OmiseGO’s main features include:

A Decentralized Exchange Network. OmiseGO’s decentralized exchange is designed to be a scalable and secure Proof-of-Stake blockchain, where any form of digital asset can be traded. All transaction orders are managed on-chain and validated by nodes participating in the proof of stake consensus process. Transaction fees are dynamic, and the project intends for the exchange to provide interoperability for all Ethereum tokens and Bitcoin style blockchains.

A Trading Engine. OmiseGO’s trading engine, which publishes and matches orders as part of every block when a matched order received sufficient validation confirmations, is built into the OMG blockchain and is designed to make the DEX non-custodial.

A Cash-Out Touch Point Network. OmiseGO’s digital wallet software development kit (SDK) allows wallets to be topped up or cashed out at ATMs or over-the-counter through the wallet’s integrations with debit and credit cards. The team intends to create a network of banking, hardware, and retail partners where tokens can be withdrawn to fiat, or fiat tokenized to wallets.

Asset Details

OmiseGO’s token, OMG, is primarily used for participation and oversight in network consensus. Node operators stake OMG to gain the right to run validator nodes, and are compensated through transaction fees. Earnings are a function of tokens staked; validators staking more tokens take a larger portion of transaction fees. Staked OMG acts as a security deposit, and may be forfeited (burned) should node operators act improperly, such as by deviating from consensus rules. Validator activity on the OmiseGO blockchain is also enforceable on the Ethereum blockchain through native smart contracts, with the Ethereum blockchain acting as a root chain in OMG’s proposed scaling solution.

Recent News

Chainalysis adds tracking for group of ERC-20 tokens.

The company offers AML tracking tools to monitor token movements on public blockchains. Newly added tokens include BAT, OMG, DAI, MKR, and ZRX. Major exchanges including Binance and Bittrex use Chainalysis's software, as do a variety of government institutions.

October 3, 2019

Sources:

CoinDesk

USDT integrates with OMG Network.

Tether, USDT, has been integrated onto the OMG network, according to a Monday blog post from OMG. The company also announced the release of its mainnet beta based on More Viable Plasma and a rebranding to OMG from OmiseGo on Monday. Paolo Ardoino, CTO of Bitfinex, and Tether stated that the move should help reduce costs, and increase the performance of USDT transfers while reducing the transaction load on Ethereum.