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Review on OMG Network by Raghvendra Singh
It is an extremely safe network that allows for decentralized, peer to peer…
It is an extremely safe network that allows for decentralized, peer to peer transactions of digital assets that are kept securely on the chain. It is based on the Ethereum blockchain and uses Ethereum smart contracts and protocol consensus.
Pros
- 1. OmiseGO is developed project and supported by parent company Omise. 2. Omise is having a large existing user base which will support OmiseGO project. 3. OmiseGo has release its Plasma Project. 4.OmiseGo has already launched an SDK decentralised wallet, which allows you to carry on transactions without the typical problems faced by most mainstream exchanges, like phishing, hacking and third party intereference. Also, the transaction fees is minimal.
Cons
- 1. One of the primary issues with OmiseGo is its volatility. 2. in the end of 2017 its value was almost 50$ and now its trading on 2$.
