Review on OMG Network by Quang Tran

Name: OMG Network
Item: OMG Network
Rating: 5

September 12, 2018

OMG is a network of shares built on the Ethereum platform along with the Proof…

OMG is a network of shares built on the Ethereum platform along with the Proof of Stake algorithm. For the purpose of eliminating electronic payments by providing infrastructure and allowing consumers to exchange electronic cash directly with sellers, service providers, electronic wallets, Other users do not need to rely on a bank or a centralized payment processor.
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Pros

Or OMG, is a network of shares built on the Ethereal platform along with the Proof of Stake algorithm. For the purpose of providing infrastructure to facilitate dispersed payment processing from electronic wallet operators: Alipay, Venmo ...

Cons

OmiseGO is far from the only project working in this particular field, and 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. The Omisego project is very popular in Asian countries but not much in the west.