OmiseGo Price Prediction 2018 – Unbank the Banked

OmiseGO is building a decentralized exchange, liquidity provider mechanism, clearinghouse
messaging network, and asset-backed blockchain gateway. OmiseGO is not
owned by any single one party. Instead, it is an open distributed network of validators
which enforce behavior of all participants. It uses the mechanism of a protocol token
to create a proof-of-stake blockchain to enable enforcement of market activity amongst
participants. This high-performant distributed network enforces exchange across asset
classes, from fiat-backed issuers to fully decentralized blockchain tokens (ERC-20
style and native cryptocurrencies). Unlike nearly all other decentralized exchange platforms,
this allows for decentralized exchange of other blockchains and between multiple
blockchains directly without a trusted gateway token. Markets may be able to signifi-
cantly reduce spreads and encourage market assurance via decentralizing custody and
increased transparency of market activity. This is achieved using smart contracts, protocol
tokens enforcing correct market behavior of orderbook matching, a new construction
of Ethereum bonded external enforcement of clearinghouse activity, and commitments
to historical exchange data for use with Ethereum smart contracts.

Links: https://hackernoon.com/omisego-omg-real-problems-real-solutions-everything-you-need-to-know-8-reasons-to-buy-92551527c0a7

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OmiseGo Price Prediction 2018 – Unbank the Banked

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Kane Dane