Review on OMG Network by Sergio Daniel Delgado
The OmiseGO function
As we anticipated, OmiseGO has a very clear objective expressed in its motto "Unbank the Bank" or "Overthrow the Bank". Which is to offer financial services, more efficiently than traditional banks. Thus massifying the possibility of making financial transactions.
And is that, OmiseGo tries to provide the possibility especially to third world people, and in areas without consolidated private banking, to participate in the international financial system. Thanks to the use of the Ethereum Blockchain to carry out these operations.
Pros
- OmiseGO in short, is a sample of the important process that is taking place at all levels of society. And of which, the financial sector, far from escaping, he is one of its main protagonists. For being the main objective of most of the cryptocurrencies on the market.
Cons
- However, this cryptocurrency can also be seen as a story of failure of the small versus the big. Well, despite having spent six years working in the decentralized finance sector, OmiseGO has been unable to achieve the notoriety that Libra has achieved in just a few months. All due to significant financial support that they have this virtual currency behind them, and that ultimately seems to be a crucial element for the success of any crypto company.
