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16 Review
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Review on OMG Network by zet david
POW will not be allowed to destroy the earth. OMG's POS system is durable. Also…
POW will not be allowed to destroy the earth. OMG's POS system is durable. Also, they are actually trying to better the world. This isn't just a hipster idea it isthe business model of the future. OmiseGO is a Southeast Asia-based company creating an e-wallet that will make transfer of assets and currencies possible.
Pros
- Proven and experienced. Omise started in 2013, has offices in Bangkok, Tokyo, Jakarta, and Singapore, transfer money between businesses and individuals, and as of Mar/17 handle ~500 million USD / day. Plasma technology will allow the OMG blockchain to scale to 1,000,000 transactions per second. Omise has heavily funded ethereum development directly. As a result, both founders of ethereum (Vitalik Buterin and Gavin Woods) are direct consultants for omiseGO.
Cons
- It seems a bit ambitious to "unbank the banked". Banks are strongly rooted institutions, and this system would circumvent their services. A major challenge seems to be getting merchants to accept OmiseGO, the Reddit and Twitter communities seem much smaller and less engaged than, for example, either Ethereum or Neo.
