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Review on OMG Network by Chidi Umelo
OMG's Name-Value Storage is a simple yet powerful concept that allows you to…
OMG's Name-Value Storage is a simple yet powerful concept that allows you to store arbitrary data within the blockchain. This has already allowed a range of distributed services, from a decentralized network. Although OMG supports traditional PoW mining and merged mining with Bitcoin, its main mechanism is Proof-of-Stake mining. This eliminates the “arm’s race” for mining capacity.
Pros
- OMG is an open-sourced peer-to-peer cryptocurrency which forked from Peercoin in 2014. It uses both Proof-of-Stake and Proof-of-Work mining protocols. Developers describe OMG as more of a development platform than a cryptocurrency.
Cons
- OMG also benefits from an active and creative user community, where users come together and discuss ideas, Great team and community no problems.
