OMG Network (OMG), previously known as OmiseGo, is a solution for scaling on the Ethereum blockchain using the Plasma framework. Layer 2 solutions on Plasma are called child-chains and are non-custodial. This lets users transfer ETH and ERC-20 tokens faster and cheaper than on the Ethereum network directly. OMG is an Erc-20 utility token, it's purpose is for staking and to pay fees on the network.
Cryptocurrency is an exciting, new space to get involved in. Find out how to get in on the action.
Because stablecoins are often pegged to FIAT currencies with stable values, they are useful tools for currency conversion. Coins such as USDC, USDT and QCAD won't swing wildly up or down in value between withdrawal and funding another account.
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