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OmiseGO is building a blockchain gateway that is asset backed and supports decentralized transactions, liquidity provision mechanism and clearing information network. OmiseGO is not owned by any party. Instead, it is an open and distributed validating peer network, in which nodes will verify all participants’ behavior. It is a Proof of Stake blockchain using the protocol token mechanism to facilitate market activities between participants. This highly functional distributed network facilitates transactions between different types of assets for both issuers backed by fiat currencies and decentralized blockchain tokens such as ERC-20 tokens and localized cryptocurrencies. Differed from nearly all other decentralized transaction platforms, OmiseGO allows transactions between different blockchains without the precondition of reliable gateway tokens. As market spread will be distinctly tighter, decentralized regulation and market action transparency will be improved to further secure the market. This will be done through smart contracts and protocol tokens to ensure the validity of matching buyers and sellers in the order book. It is a new structure that employs Ethereum to ensure clearing and uses smart contract to secure transaction data.
OMG enable holders the right to purchase and verify the blockchain on the principle of consensus protocol. Transaction fees include (but are not limited to) capitals for payment, exchange, clearing and settlement. This will allow those flawless validating peers to execute the contract state with collateral security.
Smart contract address: 0xd26114cd6EE289AccF82350c8d8487fedB8A0C07
Official website: https://omisego.network/