OmiseGo is an Ethereum-based proof-of-stake and smart contract platform that aims to decentralize payment networks and create an open, public financial system. Its objective is to provide the solution to the fundamental coordination problem among payment processors, financial institutions, and gateways. OmiseGo uses an ERC-20 token OMG that powers the PoS consensus. OmiseGo is an independent extension of the company Omise, an established payment processor in Southeast Asia. Omise was founded in 2013 and launched the OmiseGo project in July 2017. OMG is a decentralized bank, exchange, and asset-backed blockchain gateway operating on top of blockchain.
This data was last updated 2020-10-28 08:40:08 UTC