OmiseGO is building a decentralized exchange, liquidity provider mechanism, clearinghouse messaging network, and asset-backed blockchain gateway. OmiseGO is not owned by any single one party. Instead, it is an open distributed network of validators which enforce behavior of all participants. It uses the mechanism of a protocol token to create a proof-of-stake blockchain to enable enforcement of market activity amongst participants.
Owning OMG tokens buys the right to validate this blockchain, within its consensus rules. Transaction fees on the network including payment, interchange, trading, and clearinghouse use, are given to non-faulty validators who enforce bonded contract states. The token will have value derived from the fees derived from this network, with the obligation/cost of providing validation to its users.
Bitcoin is a worldwide cryptocurrency and digital payment system called the first decentralized digital currency, since the system works without a central repository or single administrator. It was invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto and released as open-source software in 2009. The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain. Besides being created as a reward for mining, bitcoin can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment. Bitcoin can also be held as an investment. According to research produced by Cambridge University in 2017, there are 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.
Disclamer: OmiseGO vs Bitcoin prices displayed here is aggregated from relavant currency exchanges. Please only use it for price comparison and OMG vs BTC prices may vary a lot from the dollar amount shown above.
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Disclamer: OmiseGO vs Bitcoin market caps displayed here is aggregated from relavant currency exchanges. Please only use it for market cap comparison and OMG vs BTC market caps may vary a lot from the market cap amount shown above.
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LXB (London Block Exchange) has recently hit the crypto-news for being the only exchange in London to provide GBP (Great British Pound) trading pair. In an attempt to add new and diverse coins, the exchange added OmiseGo [OMG].
OmiseGO (CURRENCY:OMG) traded up 2.5% against the US dollar during the twenty-four hour period ending at 8:00 AM Eastern on May 12th. One OmiseGO token can currently be bought for $14.03 or 0.00163577 BTC on popular exchanges including OKEx, Cryptopia, Radar Relay and Zebpay. OmiseGO has a market capitalization of $1.43 billion and $45.06 million […]
OmiseGO has issued an update to their roadmap and also provided necessary clarifications in an attempt to remain straightforward and transparent about the progress of the project. The visual display of the roadmap clearly illustrates the manner in which different tasks are interrelated.
The Reserve Bank of Zimbabwe has banned financial institutions in the country from processing cryptocurrency transactions for cryptocurrency traders and investors despite growing interest in digital monetary assets in the country.
Harare, Zimbabwe Tech savvy Zimbabweans have long used bitcoin and other cryptocurrencies to plug foreign currency and liquidity gaps plaguing the country, so much so that the southern African country has become one of Africa's most active markets for crypto transactions. But that hedging strategy has suffered a major setback after the Zimbabwean central bank...
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