[Update] Everything You Need to Know by CoinSwitch | omisego white paper –

omisego white paper: คุณกำลังดูกระทู้

What is OmiseGO ?

OmiseGO is an Ethereum-based financial platform that may be used with popular wallets to facilitate real-time peer-to-peer asset trading and payment services in undeveloped nations. OMG enables users to transact in both digital and fiat currencies. OmiseGO is intended to address a fundamental flaw in the present financial system: the lack of coordination between payers, payees, payment processors, and financial institutions.
The founder CEO of OMG Network is Vansa Chatikavanij. Ethereum developers Vitalik Buterin and Joseph Poon collaborated on the white paper’s development. OmiseGo was rebranded as OMG Network on 1 June 2020.

Primary features of OmiseGO

  • OMG can expedite and lower the cost of money transfers, particularly when currency conversion is required. 

  • OMG’s features enable users to build digital tokenised versions of fiat money. Users can then transfer these tokens to another fiat currency. Additionally, no financial institutions or other cryptocurrencies are required to participate in this conversion.

  • The platform enables users to tokenise and store loyalty points earned through multiple referral programmes. They may then be used in the same way as any other token.

  • As OmiseGo is built on Ethereum, it supports smart contracts. This makes it simple to create gift cards that can be purchased, sold, and transferred.

Is OmiseGO a promising cryptocurrency?

If OMG Network bridges the divide between centralised and decentralised financial networks, the OMG coin may interest long-term traders.

How to use OmiseGO coins?

  • Work on the blockchain:

    OMG Network users must purchase OMG cryptocurrency to pay for the blockchain’s operations.

  • Validators:

    Validators must stake their OMG cryptocurrency by encrypting it and securing it in a smart contract for a specified length of time.

  • Invest:

    Traders and investors who believe that the OmiseGO coin price will rise can invest and trade in the OmiseGO currency.

  • Exchange:

    Users can exchange OmiseGO coins for other cryptocurrencies and fiat money.

Pros & Cons of OmiseGO coin


  • Transfers of ETH and ERC20 tokens can occur at a rate of thousands of transactions per second.

  • OmiseGO is created and maintained by Omise’s parent business. Omise’s parent business is a seasoned payment processor with a focus on South-East Asia.

  • When backed up with plasma infrastructure, the concept of decentralised value exchange becomes even more intriguing.


  • While OmiseGO seems to have a good potential, it is yet to be realized. 

  • Its success depends on its team which has not shown a great promise so far.

Trade OmiseGO coin on CoinSwitch kuber

  • Start trading in OmiseGo currency at Rs.100

  • The platform is easy to carry out trading activities in cryptocurrencies 

  • Avail zero trading fees

  • Transfer money from your bank account to your account for investment without any hassles

  • Get your gains credited to your bank account hassle-free 

OmiseGO ICO summary

OMG network has not yet launched an initial coin offering. OMG attracted investors because of Omise’s connections with firms such as Alipay and McDonald’s. 20% of the OMG coin supply was subsequently placed aside for future network expenditures, while 9.9% was set aside to pay the founding team. An additional 5% of the OMG supply was awarded to everyone who held more than 0.1 ETH in an Ethereum wallet.

FAQ’s on OmiseGO

  • What is the OmiseGo coin?

OMG coin is the native token of the platform OmiseGo that allows users to transfer coins from one blockchain to another without the help of any traditional exchange.

  • Is OMG coin a good investment?

Investors in the OMG cryptocurrency may be interested if they feel Omise’s existing relationships and technological vision will make the platform more appealing to other e-wallets.

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Ethereum 2.0: Latest Updates For 2020

🔥 TOP Crypto TIPS In My Weekly Newsletter 👉
► DeFi Video 👉
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ETH Tipjar 🙏🏻: 0x34044Da5eed0fb0f4F30314858b44963839A63C6
⏰ Time Stamps ⏰
1:20 Introduction
3:03 Mining Challenges of ETH 1.0
4:14 Scaling Challenges
5:21 Ethereum ProofofStake
7:21 Beacon Chain (Phase 0)
8:37 Sharding
10:41 Shard Chains (Phase 1)
11:20 State Execution (Phase 2)
12:30 Etheruem 2.0 Timeline
14:27 ETH Price Potential
17:18 Conclusion
⛓️ 🔗 Helpful Links 🔗 ⛓️
► Ethereum 2.0:
► Casper FFG:
► EthHub Ethereum 2.0:
📰 Referenced Material 📰
► What is Gas:
► Ethash Algo Explained:
► Proof of Stake Ledger:
► Sharding Presentation:
► Staking Calculator:
► MIT Piece on Devcon:
📝 Ethereum 1.0 📝
Ethereum is a ProofofWork blockchain that allows users to build their own decentralised applications. iIt is a smart contract platform that supports a generalised scripting language.
The project was envisioned to be a global decentralised computer. This global decentralised supercomputer would execute anyone’s code in exchange for a fee

📈️ Scaling Challenges 📈
Ethereum is struggling to scale because it uses proof of work consensus.
Things have grown considerably since then and so have the number of dApps and transactions.
This has resulted in blockchain bloat that has greatly slowed the network down. Simple dApps like CryptoKitties have brought blockchain to a standstill.
Another problem comes from the fact that all transactions and dApp computations have to be confirmed by all nodes on the network. As the network has grown so too have the number of nodes.
If you have a simple dApp that you want to run on the network, all of these nodes will have to agree before the dapp can compute.
👨🏼‍💻️ ETH 2.0 Features 👨🏼‍💻
Casper Proof of Stake will be the first update that can help Ethereum scale. The Etheruem devs have been working towards proof of stake since 2017. What was initially proposed was a hybrid proofofstake proofofwork consensus mechanism called \”Casper the Friendly Finality Gadget\”.
The Ethereum developers are also working on a solution to the issue of a singular blockchain. They want to implement sharding on the blockchain and have seperate shard chains.
These features will be rolled out in phases as per the Ethereum 2.0 roadmamp. Phase0 is the beacon chain which will be the transitory blockchain operating on PoS
Phase1 will introduce the sharding and shard chains.
In phase 2, the functionality of the entire system will come together. The shard chains will move from the simple data structure that they were in phase 1 to a structured chain state with smart contract functionality.
🗓 Development Progress 🗓
ETH 2.0 is not expected to launch in its entirety in the first half 2020. However, the developers are confident that phase 0 will launch in 2020. According to Ethereum researcher Justin Drake, he has \”a 95% confidence we will launch in 2020\”.
He also went on to say that phase 0 and phase 1 are respectively 99 and 90 percent complete
💰 Staking 💰

The upgrade to 2.0 also brings with it the ability to stake. Users with over 32 ETH could eventually start earning a staking return. The exact rewards are just estimates right now but the consensus seems to be about 5 to 6%.
More demand for Ethereum to stake could lead to an uplift in price. You also have broader positive sentiment across the markets which has driven Ethereum over the $200 level.
Over the long run, as the utility of Ethereum increases, so too could demand.
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading Forex, cryptocurrencies and CFDs poses considerable risk of loss. The speaker does not guarantee any particular outcome.
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Ethereum 2.0: Latest Updates For 2020

OmiseGo – $OMG – My Thoughts

OmiseGo whats happening 2018 update. Coinbase to add OmiseGo and other ERC20 tokens. OmiseGo $OMG Review Best crypto 2018?
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OmiseGo - $OMG - My Thoughts

OMG Network Project | OMG Token Sentiment Analysis

OMG Network, formerly known as OmiseGo, is a noncustodial, layer2 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. The network is powered by the OMG utility token, which can be used as one of the payment methods for fees on the OMG Network. The Token has been on a climb the past three days, but will it continue?
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~OMG Network Project | OMG Token Sentiment Analysis~
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OMG Network Project | OMG Token Sentiment Analysis

5 Altcoins That Could 100x 💯📈

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⏰ Time Stamps ⏰
1:35 Portfolio Selection Process
4:04 Pick 1: Grin (GRIN)
6:32 Pick 2: Numerai (NMR)
8:30 Pick 3: Decentraland (MANA \u0026 LAND)
10:29 Pick 4: Power Ledger (POWR)
12:55 Pick 5: Bancor (BNT)
15:48 Conclusion
⛓️ 🔗 Helpful Links 🔗 ⛓️
► Decentraland Video:
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► Power Ledger Review:
► Bancor Review:
📖 Other Sources 📖
► Grin:
► Decentraland:
► Power Ledger:
► Bancor:
► Numerai:
1️⃣ Grin (GRIN) 1️⃣
Grin is an implementation of the Mimble Wimble protocol. MimbleWimble is based on the Bitcoin code base but is modified.
In the Mimblewimble protocol transaction receivers are able to generate a \”blinding factor\” when signing a transaction.
Although Confidential Transactions need additional proofs with each transaction, making them cumbersome, Mimblewimble sidesteps this by stripping out the scripting behavior.
Grin is a completely open source project with no controlling organisation, foundation or individual. This contrasts with the other MimbleWimble implementation in Beam which is run by a company which raised private funding.
Grin uses a pretty advanced algorithm called the Cuckoo cycle.
2️⃣ Numerai (NMR) 2️⃣
Numerai is a platform where hedge fund managers can find the best data scientists who produce their models.
The project is adding another angle to their offering with Erasure. Erasure will allow users to sell their predictions to any investment fund in the public network via the peertopeer InterPlanetary File System (IPFS), and directly connect their crypto wallets to the Ethereumbased marketplace.
The project has some pretty strong backing. There have been a number of VC funds that have either invested seed funding or have bought into their private sale ICO.
3️⃣ Decentraland 3️⃣
Decentraland is a virtual reality platform built on Ethereum where users have the ability to create and monetize their content. This is done through 3D virtual space within the platform which is both traversable and finite. This space is called LAND which is a nonfungible digital asset that the Ethereum smart contract maintains.
It is a platform where users can develop their own nonfungible tokens and sell them in this VR universe. Much like real world developers do in city neighborhoods.
The utility token within this ecosystem is MANA which has to be burned in order to create the LAND. This means that as demand increases for the parcels within the decentraland ecosystem, the supply of MANA will decrease.
4️⃣ Power Ledger 4️⃣
The project is looking to develop a Peer to Peer energy trading protocol that is built on the Ethereum blockchain and powered by smart contracts. The team hopes to take the waste found in centralized electricity networks and then distributes and decentralizes resources in order to optimize the network and mitigate said waste.
Power Ledger operates a dual token system. Firstly, you have the POWR tokens that allow consumers and hosts providing the energy to interact with the protocol. Then you have the Sparkz tokens which are the utility token used to trade the energy on the market. Power tokens can be used to generate sparks.
5️⃣ Bancor 5️⃣
Bancor is a decentralised Exchange protocol that is built on the Ethereum blockchain. It employs an algorithmic marketmaking mechanism through the use of \”Smart Tokens\”.
The project raised over $150 million in an ICO that took place in 2017. This means that the project is relatively well funded to handle development expenses and the like.
Bancor has expanded beyond Etheruem based Tokens. Through the use of their BancorX solution, automated conversions between Ethereum and EOS are also possible.
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading Forex, cryptocurrencies and CFDs poses considerable risk of loss. The speaker does not guarantee any particular outcome.
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5 Altcoins That Could 100x 💯📈

Top 10 coin for Long-Term | worlds most all time favourite for all crypto investor

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Top 10 coin for Long-Term | worlds most all time favourite for all crypto investor

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