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The OMG Network, formerly known as OmiseGo, was originally developed as a layer-two scaling solution for the Ethereum blockchain. It focused on improving Ethereum’s scalability by increasing transaction throughput and reducing gas fees, making Ethereum-based digital assets more accessible and manageable. However, the OMG Network has since evolved and rebranded to become part of the Boba Network.
Here’s a brief overview of its key features and historical context:
The evolution from OMG Network to Boba Network represents a significant shift in strategy and technology, reflecting the dynamic nature of the blockchain and cryptocurrency industry.