OmiseGo (OMG) Ranked 33 in Coin Market Daddy Currencies Index. OmiseGo (OMG) price is $1.51. It has a current circulating supply of 140,245,398 OMG and a Marketcap of $211.1M. Today OmiseGo price is down (-0.06%). $28.68M worth of OmiseGo (OMG) has been traded in the past 24 hours. OmiseGo (OMG) currency type is token (Ethereum). OMG trading is available in number of exchanges. Exchanges information is updated automatically. Stay tuned to check updated information. If you find any error on this page, please Contact Us to update OmiseGo (OMG) and contribute to CMD Cryptocurrency Encyclopedia.
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.
A cryptocurrency comes in the form of digital money. It is considered to be the most secure currency of the world today though hackers are always having a prying eye toward it.It wouldn’t be wrong to call cryptocurrency an “Internet Currency” not because it is created in the online world, and ...