OMG Network, formerly known as OmiseGo, is a non-custodial, layer-2 scaling solution built for the Ethereum blockchain. As an Ethereum scaling solution, OMG Network is designed to allow users to transfer ETH and ERC20 tokens significantly faster and cheaper than when transacting directly on the Ethereum network.

OmiseGo is an Ethereum based open-source payment platform based on decentralized blockchain technology. It is a product of Omise the most common payment management platform in Thailand.

The main of the Thai company is to turn Ethereum-based blockchain code into a high-value exchange and settlement platform.

OMG cryptocurrency is the token which fuels the Omisego network.

The Omisego developing and advisory team includes Vitalik Buterin and Gavin Wood, co-founders of Ethereum and it is certified by the Thai Ministry of Finance and Bank of Thailand.

OmiseGo aims to provide global banking and financial solutions, which include crediting and debiting of money, remittance, making payments, exchanging crypto and Fiat currency etc to not only those who hold a bank account but also those who don’t.

Omisego network also reduces the transaction fee by eliminating the role of a third party as the transaction is a peer to peer.

OmiseGO cryptocurrency is accepted by retailers like McDonald's and Alipay. Omisego network is basically the PayPal of cryptocurrency and as more and more enterprises accept Omisego(OMG) currency it is very likely the coin price will shoot to the moon.

Omisego network also allows the usage of Smart Contracts and Decentralized Apps, which can be built on an Ethereum layer and allow the use of its technology.

The OMG Network mainnet will eventually move to a proof-of-stake (POS) consensus system, which will allow users to stake their tokens to help secure the network and earn rewards.

Until then, OMG Network child chains are secured by a proof-of-authority (PoA) consensus mechanism, which is basically a simplified form of proof-of-stake which is controlled by a single block producer (OMG Network itself) for now — which essentially stakes its reputation on staying honest.

It has a circulating supply of 140,245,398 OMG coins and a max. supply of 140,245,399 OMG coins.

If you would like to know where to buy OMG Network at the current rate, the top cryptocurrency exchanges for trading in OMG Network stock are currently Binance, OKX, BingX, Bybit, and MEXC.