OMG Network company info

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.
OMG Network company media
Company Snapshot

How many people does OMG Network employ?

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Employees
11-50

What is the market cap for OMG Network?

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Market Cap
$98.74M

Where is the head office for OMG Network?

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Head Office
Thailand

What year was OMG Network founded?

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Year Founded
2017
What does OMG Network specialise in?
/Medium of Exchange /Pantera Capital Portfolio /Payments /Scaling /SEC Security Token /State Channel

What are the products and/or services of OMG Network?

Overview of OMG Network offerings
Cross-chain interoperability: OMG Network is working to develop cross-chain interoperability solutions, which would allow users to transfer assets between different blockchains without having to go through a centralized exchange.
Decentralized exchange: OMG Network is developing a decentralized exchange that allows users to trade assets without having to trust a central authority.
Decentralized lending platform: OMG Network is developing a decentralized lending platform that allows users to borrow and lend assets without having to go through a bank.
High throughput, low-cost transactions: OMG Network uses Layer-2 Plasma architecture to bundle transactions together into batches and then process those batches off-chain, which allows it to achieve high throughput and low costs.
Micropayment platform: OMG Network is developing a micropayment platform that allows users to make small payments to websites and other online services without having to create an account or enter their credit card information.
Scalable, decentralized payment apps: OMG Network aims to make it easy for developers to build scalable, decentralized payment apps on the Ethereum Network.