Review on OMG Network by Festus Samson

Name: OMG Network
Item: OMG Network
Rating: 3

September 12, 2018

Since the OMG token distribution, we have been working hard to build the…

Since the OMG token distribution, we have been working hard to build the OmiseGO ecosystem. We are in the process of developing the wallet SDK and DEX that will be vital to the utility of the overall network. The live OMG network will be a performant and secure proof-of-stake network, that enables high transaction throughput at a low cost, via Plasma.
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Pros

OmiseGO decentralized exchange (DEX) by way of blockchain technology. OmiseGO is designed to run both on and alongside the Ethereum network to provide users payments, remittances, payroll deposit, B2B commerce, supply chain finance, loyalty programs, asset management & trading

Cons

it may face competition from projects like Request Network, Metal Pay and Kyber Network. These competing platforms may interfere with OmiseGO's ability to achieve broad acceptance.they need Plasma to be functional, in order to have a fully functioning product. It is to Ethereum to what the Lightning Network is to Bitcoin.