OMG Foundation (formerly known as OmiseGO) was one of the first layer-2 scaling solutions built on the Ethereum network.
With a focus on transferring value and creating decentralised merchant and consumer networks, OMG uses what's known as a Plasma chain to enable high speed, cheap transactions while still leveraging the security of the main Ethereum blockchain.
OMG is the native token of OMG Network, used to pay for transaction fees and awarded to holders who stake their tokens.
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