Reading Time: < 1 minute

Looking to buy Omg-network (OMG) instantly?

Obtain OMG Network Instantly with Various Payment Methods on Coinmama.com

 

BUY OMG

Buy Omg-network in the world’s leading cryptocurrency via Coinmama with just a few clicks

Omg-network Price Performance

Get started in minutes…

Coinmama makes buying OMG simple, safe, and smooth:

A blue circle with a white "1" echoes the sleek simplicity of using Coinmama to buy crypto. Create Your Account

A blue circle with a white number 2, resembling Coinmama's simple design for buying crypto. Get Verified

A blue circle with a white number 3 is ideal to represent buying crypto on Coinmama. Buy Omg-network and Crypto

Reasons to choose Coinmama

A blue speech bubble with a clock icon indicating Coinmama's 24/7 service to buy Bitcoin.

24/7 Support

Got a question? Just ask the fastest and friendliest customer service team in the industry

A simple blue line Earth illustration echoes Coinmama's straightforward approach to buy Bitcoin and crypto.

Trusted by millions

Serving millions of happy customers worldwide since 2013

A blue outlined icon shows a hand with a Bitcoin symbol, representing buying or receiving BTC.

Buy Omg-network and crypto

Coinmama offers a variety of the most popular digital assets

A minimalistic icon shows a blue credit card and wallet, symbolizing Coinmama's buy crypto options.

Payment options

A host of convenient payment methods

Illustration of a blue rocket ship angled upward, symbolizing Coinmama's ease to buy Bitcoin or crypto.

Fast Delivery

Place your order and have your OMG delivered in minutes

A blue shield icon with a checkmark symbolizes security, ideal for Coinmama where users buy Bitcoin.

Security

We maintain the highest standards of security so our customers can rest easy

0 out of five star rating on Trustpilot
0 out of five star rating on Trustpilot
0 out of five star rating on Trustpilot
0 out of five star rating on Trustpilot
0 out of five star rating on Trustpilot

What is OMG?

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:

  1. Layer-Two Scaling Solution: As a layer-two solution, OMG Network aimed to alleviate the congestion issues on the Ethereum network, allowing for faster and cheaper transactions of ETH and ERC-20 tokens.
  2. Transition to Boba Network: The OMG Network faced challenges in terms of utility and competition from other Ethereum layer-two solutions like Arbitrum and Polygon. This led to its fusion with Boba Network, a move aimed at revitalizing the project with new utility and governance.
  3. OMG to BOBA Token Transition: With the transition to Boba Network, OMG token holders were eligible for a 1:1 airdrop of BOBA tokens. This change was part of the broader strategy to integrate OMG Network’s community and resources into the Boba ecosystem.
  4. Boba Network’s Features: Boba Network, which absorbed the OMG Network, offers lower gas fees and improved transaction throughput. It also supports DeFi and NFT applications, making them more affordable for retail customers. Boba Network incorporates features like fast exits backed by liquidity pools and a cost-effective bridge for NFTs between Boba and Ethereum.
  5. Founding and Leadership: The Boba Network, which includes the former OMG Network, was founded by Alan Chiu, who has a background in building and investing in enterprise startups. The network focuses on enhancing Ethereum’s scalability while maintaining security and decentralization.
  6. OMG Network’s Original Purpose: Before the transition to Boba Network, OMG aimed to facilitate value transfers on the Ethereum blockchain, operating as a permissionless and trustless payment system. It utilized Plasma, a layer 2 scaling solution, to enable high transaction rates while retaining the security benefits of Ethereum’s blockchain.

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.