The post Directly From Blockchain To Blockchain appeared on BitcoinEthereumNews.com. OMG Network is a layer 2 scaling solution for Ethereum. Looking in detail on OMG token by Coinidol.com. OMG Network (formerly known as OmiseGO) is a blockchain-based platform that aims to improve scalability and efficiency for financial transactions, particularly in the context of decentralized finance (DeFi) and payments. It seeks to address the challenges of slow transaction speeds and high fees associated with some blockchain networks.  In 2021, OmiseGO rebranded as OMG Network to reflect its focus on scaling solutions for Ethereum and emphasize its technology’s potential impact on the broader blockchain ecosystem. Plasma framework Among the key features used by OMG Network is the Plasma framework – a concept introduced by Ethereum co-founder Vitalik Buterin and Joseph Poon. It involves creating secondary chains (child chains) that can process transactions independently before finalizing them on the main chain. This allows for faster and cheaper transactions while leveraging the security of the Ethereum network. By processing transactions off-chain and periodically reconciling them on the Ethereum main chain, OMG Network aims to significantly reduce transaction fees and increase transaction throughput. This makes it more suitable for microtransactions and frequent transfers. DEX, staking and security One of the primary use cases of OMG Network is enabling decentralized exchanges. Users can trade digital assets directly on the OMG Network, benefitting from faster settlement times and lower fees compared to on-chain exchanges. OMG is a utility token of the platform. It is used as one of the payment methods for fees. OMG Network also introduces a staking mechanism where users can “stake” their OMG tokens to help secure the network and earn rewards. Stakers play a role in validating transactions on the network and maintaining its integrity. Disclaimer. This article is for informational purposes only and should… The post Directly From Blockchain To Blockchain appeared on BitcoinEthereumNews.com. OMG Network is a layer 2 scaling solution for Ethereum. Looking in detail on OMG token by Coinidol.com. OMG Network (formerly known as OmiseGO) is a blockchain-based platform that aims to improve scalability and efficiency for financial transactions, particularly in the context of decentralized finance (DeFi) and payments. It seeks to address the challenges of slow transaction speeds and high fees associated with some blockchain networks.  In 2021, OmiseGO rebranded as OMG Network to reflect its focus on scaling solutions for Ethereum and emphasize its technology’s potential impact on the broader blockchain ecosystem. Plasma framework Among the key features used by OMG Network is the Plasma framework – a concept introduced by Ethereum co-founder Vitalik Buterin and Joseph Poon. It involves creating secondary chains (child chains) that can process transactions independently before finalizing them on the main chain. This allows for faster and cheaper transactions while leveraging the security of the Ethereum network. By processing transactions off-chain and periodically reconciling them on the Ethereum main chain, OMG Network aims to significantly reduce transaction fees and increase transaction throughput. This makes it more suitable for microtransactions and frequent transfers. DEX, staking and security One of the primary use cases of OMG Network is enabling decentralized exchanges. Users can trade digital assets directly on the OMG Network, benefitting from faster settlement times and lower fees compared to on-chain exchanges. OMG is a utility token of the platform. It is used as one of the payment methods for fees. OMG Network also introduces a staking mechanism where users can “stake” their OMG tokens to help secure the network and earn rewards. Stakers play a role in validating transactions on the network and maintaining its integrity. Disclaimer. This article is for informational purposes only and should…

                                                                               BitGo’s move creates further competition in a burgeoning European crypto market that is expected to generate $26 billion revenue this year, according to one estimate.                     BitGo, a digital asset infrastructure company with more than $100 billion in assets under custody, has received an extension of its license from Germany’s Federal Financial Supervisory Authority (BaFin), enabling it to offer crypto services to European investors. The company said its local subsidiary, BitGo Europe, can now provide custody, staking, transfer, and trading services. Institutional clients will also have access to an over-the-counter (OTC) trading desk and multiple liquidity venues.The extension builds on BitGo’s previous Markets-in-Crypto-Assets (MiCA) license, also issued by BaFIN, and adds trading to the existing custody, transfer and staking services. BitGo acquired its initial MiCA license in May 2025, which allowed it to offer certain services to traditional institutions and crypto native companies in the European Union.Read more