OmiseGo is a decentralized, peer to peer cryptocurrency built to revolutionize the financial technology industry through blockchain scaling solutions. As it is decentralized, it is not vulnerable to abuse by centralized forces, with stakeholder behaviour governed by an open distributed network of validators. OMG utilizes proof of stake for its consensus mechanism.
OmiseGo was developed to solve issues pertinent to payment processing and the seamless exchange of value across financial institutions. Its innovative high volume, low cost model allows for the rapid and decentralized exchange of value between different asset types across national and transnational borders. The OMG network is conducive to inexpensive high speed peer to peer financial transactions for remittances, payroll, logistics solutions, asset management and more