What does OMG Network do?
OMG Network (CRYPTO:OMG) is a decentralized, public network that allows high throughput, low-cost peer-to-peer transactions. It leverages Layer-2 Plasma architecture to provide high throughput and strong safety guarantees for third parties who wish to build scalable, decentralized payment apps on the Ethereum Network.
The OMG Network operates by bundling transactions together into batches and then processing those batches off-chain. This allows the OMG Network to achieve high throughput and low costs.
The OMG Network's main objective is to provide a high throughput, low-cost transaction network for decentralized applications. The OMG Network also aims to make it easy for developers to build scalable, decentralized payment apps on the Ethereum Network.