{"id":10243,"date":"2023-04-14T01:48:52","date_gmt":"2023-04-14T01:48:52","guid":{"rendered":"https:\/\/www.bitnovo.com\/blog\/?p=10243"},"modified":"2022-05-17T03:14:32","modified_gmt":"2022-05-17T03:14:32","slug":"what-is-omisego","status":"publish","type":"post","link":"https:\/\/www.bitnovo.com\/blog\/en\/what-is-omisego","title":{"rendered":"What is Omisego (GMO)? The complete guide"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Alternar tabla de contenidos\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-omisego\/#history_of_omg\" >History of OMG<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-omisego\/#how_does_omisego_work\" >How does Omisego work?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-omisego\/#omisego_wallets\" >Omisego Wallets<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-omisego\/#omg_mining\" >OMG Mining<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-omisego\/#how_to_buy_omg\" >How to buy OMG<\/a><\/li><\/ul><\/nav><\/div>\n<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 3<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span><p>OmiseGo (OMG) it is a project initiated by the company Omise with the aim of providing users with a\u00a0<b>alternative\u00a0<\/b>to online exchange. Omisego is a platform focused on\u00a0<b>financial market<\/b>\u00a0that seeks to become one of the most recognized\u00a0<b>decentralized Exchanges.<\/b><\/p>\n<p>This project is a ewallet, a platform for\u00a0<b>decentralized exchange\u00a0<\/b>and is also a\u00a0<b>token ERC20.<\/b>\u00a0Uses the Ethereum network and smart contracts during the development of a\u00a0<b>scaling solution<\/b>\u00a0utilizzando una relazione simbiotica.<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"history_of_omg\"><\/span><b>History of OMG<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This project was launched in 2015 by Omise, a company supported by an office in Southeast Asia dedicated to\u00a0<b>financial service<\/b>. Currently the project is called OMG Network and was born because the company has focused its attention on projects with a view to\u00a0<b>scalability<\/b>. Thus, in 2017 Omisego was founded.<\/p>\n<p>Like the vast majority of cryptocurrencies, its launch was created through\u00a0<b>a ICO<\/b>\u00a0(Initial Coin Offering) in July 2017. It was a success, as it was possible to collect a total of<b>\u00a025 million dollars.<\/b><\/p>\n<p>Being a project conceived as an ETH solution, it was launched with the standard of<b>\u00a0ERC20.<\/b><\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"how_does_omisego_work\"><\/span><b>How does Omisego work?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This cryptocurrency works in part, with\u00a0<b>Ethereum Blockchain<\/b>, in this way they get a\u00a0<b>decentralized network<\/b>\u00a0to transfer a high volume of low-cost transactions.<\/p>\n<p>Thanks to this operation, the\u00a0<b>private keys<\/b>\u00a0users are not stored in the exchange platform but in the\u00a0<b>blockchain<\/b>. This system has a cryptocurrency which is\u00a0<b>Omisego (OMG) token.<\/b><\/p>\n<p>For this operation, the platform uses a\u00a0<b>peer-to-peer (P2P) network<\/b>\u00a0computer where each user is represented by a node and operate simultaneously allowing the\u00a0<b>easy and quick<\/b>\u00a0exchange\u00a0of information.<\/p>\n<p>The main objective of the project is to offer a\u00a0<b>decentralised exchange<\/b>\u00a0to the payment service users and providers. The characteristics of these exchanges include:\u00a0<b>rete Plasma\u00a0<\/b>that allows off-chain micropayment or microtransactions outside the omisego network to avoid saturating the main blockchain.<\/p>\n<p>Omisego is not only a token and a platform, but it is also a\u00a0<b>private brand wallet\u00a0<\/b>called the DSK-wallet. All this with the objective to allow the great enterprises to introduce such wallet like method of payment in their transactions.<\/p>\n<p>Note that Omisego uses the system (POS)<b>\u00a0Proof of Stake<\/b>. This means that it rewards its users only for having their cryptocurrencies stored in the Wallet.<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"omisego_wallets\"><\/span><b>Omisego Wallets<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>If you decide to purchase this cryptocurrency, you\u2019ll need a wallet or digital wallet to store it. It\u2019s important\u00a0<b>knowing how to choose<\/b>\u00a0the wallet, because there are many options with features that fit more or less to our needs.<\/p>\n<ul>\n<li>Omisego offers its own wallet called\u00a0<strong>Wallet SDK<\/strong>\u00a0that allows you to create your own wallet app. However, if you want something simple this is not the best choice.<\/li>\n<\/ul>\n<ul>\n<li>There are\u00a0<b>online wallets<\/b>\u00a0whose\u00a0main advantage is that they are free and have a simple interface. Among them we have\u00a0<b>MyEtherWallet<\/b>. The only disadvantage is the storage of private keys on platforms that make them less secure.<\/li>\n<\/ul>\n<ul>\n<li>There are also the\u00a0<b>software wallets<\/b>. They are also free and easy to use. Another advantage is that the user has control of his private key and stores it on the device. Among these we have\u00a0<b>Exodus Wallet.<\/b>\u00a0This wallet is also available on its\u00a0<b>mobile version.<\/b><\/li>\n<li>Finally we have the<b>hardware wallet<\/b>. Although it is not free, this one has more advanced features that offer great security. Among them are Ledger Nano and Trezor Wallet.<\/li>\n<\/ul>\n<div id=\"image_1122391073\" class=\"img has-hover x md-x lg-x y md-y lg-y\">\n<div class=\"img-inner dark\"><img fetchpriority=\"high\" decoding=\"async\" class=\"attachment-large size-large lazyloaded\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/12\/202011-fila-15-que-es-omisego-03.jpg\" sizes=\"(max-width: 768px) 100vw, 768px\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/12\/202011-fila-15-que-es-omisego-03.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/12\/202011-fila-15-que-es-omisego-03-300x205.jpg 300w\" alt=\"que es omisego Bitnovo\" width=\"768\" height=\"526\" data-srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/12\/202011-fila-15-que-es-omisego-03.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/12\/202011-fila-15-que-es-omisego-03-300x205.jpg 300w\" data-src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/12\/202011-fila-15-que-es-omisego-03.jpg\" data-sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/div>\n<\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"omg_mining\"><\/span><b>OMG Mining<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The cryptocurrency Omise OMG\u00a0<b>cannot be mined<\/b>. This leads the company to have the\u00a0<b>total control\u00a0<\/b>of the number of cryptocurrencies in circulation. But this does not mean that we cannot obtain GMO tokens, because we can obtain them as we have said, through our wallet with the Proof Stake system.<\/p>\n<p>We can\u00a0<b>generate commissions<\/b>\u00a0for each transaction in the network\u00a0<b>proportional\u00a0<\/b>to the coins we have stored. Otherwise we can also buy them in the\u00a0<b>exchanges.<\/b><\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"how_to_buy_omg\"><\/span><b>How to buy OMG<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>If you want to know how to buy Omisego or where to do it, of course we will advise you\u00a0<a href=\"https:\/\/www.bitnovo.com\/buy-omisego-online-en\">to buy Omisego<\/a>\u00a0on Bitnovo. And this is not simply because we are within the brand blog, but because Bitnovo is really a\u00a0<b>quick and safe way<\/b>to do it.<\/p>\n<p>Our goal as a company is to make sure that a person who has just entered the crypto world can purchase any crypto\u00a0<b>in a few minutes<\/b>, without experiencing the problems that most crypto exchanges have.<\/p>\n<div id=\"image_631290123\" class=\"img has-hover x md-x lg-x y md-y lg-y\">\n<div class=\"img-inner dark\"><img decoding=\"async\" class=\"attachment-large size-large lazyloaded\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/12\/202011-fila-15-que-es-omisego-02.jpg\" sizes=\"(max-width: 768px) 100vw, 768px\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/12\/202011-fila-15-que-es-omisego-02.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/12\/202011-fila-15-que-es-omisego-02-300x205.jpg 300w\" alt=\"que es omisego Bitnovo\" width=\"768\" height=\"526\" data-srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/12\/202011-fila-15-que-es-omisego-02.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/12\/202011-fila-15-que-es-omisego-02-300x205.jpg 300w\" data-src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/12\/202011-fila-15-que-es-omisego-02.jpg\" data-sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 3<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span>OmiseGo (OMG) it is a project initiated by the company Omise with the aim of providing users with a\u00a0alternative\u00a0to online exchange. Omisego is a platform focused on\u00a0financial market\u00a0that seeks to become one of the most recognized\u00a0decentralized Exchanges. This project is a ewallet, a platform for\u00a0decentralized exchange\u00a0and is also a\u00a0token ERC20.\u00a0Uses the Ethereum network and smart [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":7068,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-10243","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-criptomonedas"],"_links":{"self":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/10243","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/comments?post=10243"}],"version-history":[{"count":0,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/10243\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media\/7068"}],"wp:attachment":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media?parent=10243"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/categories?post=10243"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/tags?post=10243"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}