1 Level
13 Review
2 Karma
Review on OMG Network by Kingsley Morgan
OmiseGO is a company that develops financial technology for use in popular…
OmiseGO is a company that develops financial technology for use in popular digital wallets. This technology enables peer-to-peer exchange and payment in real time. It promises "blasphemy" in jurisdictions and organized silos, in both monetary and decentralized currencies.
OmiseGO highlights three key functions in the wallet and block chain:
Access: A bank account is not required for Exchange, and OmiseGO has a national license.
Scalability: The OmiseGO platform's most important feature is fast billing and low cost.
Security: OmiseGO offers a decentralized currency and distributed billing service.
Pros
- The goal of OmiseGO is to provide financial inclusion without disturbing existing financial institutions. From a layperson's point of view, OmiseGO makes sending and receiving payments and exchanging currencies cheaper, even if you're handling ordinary or cryptographic calls. The aim is to make financial transactions more efficient, to confuse existing financial institutions and to ensure, through perfect competition, that the best currencies come to an end.
Cons
- It's only riding on the success of ethereum and Omise.it needs to breakaway and create it's own mainnet to attain full growth.
