OmiseGo is based on Ethereum and has continued to work hard on the technical side of things to make the new network more accessible to its developers and users. The technical team has been working towards plans of implementing lower transaction fees to its platform as these incentives attract new users.
OmiseGo recently revealed its migration to new public network, Samrong. Samrong would be improving the reliability of the platform, thereby, utilizing the EIP 712 standards. Samrong would be replacing its current network “Ari” along with its new updates and developments.
Along with that, OmiseGo has commenced the plans of developing the White-Label software development kit that would integrate the novel payment solutions for the DApps on their network.
The ripple effect of the sudden increase in value was seen yesterday along with most of the cryptocurrency market after what seems to be the beginning of the next bull run. The major driving forces of the coin is its aim of banking the unbanked and South East Asia.
Price of OMG
OmiseGo is the 32nd largest coin in the crypto market and nearly 140,245,398 OMG coins are circulating in the market. The value of OMG in terms of BTC and USD stands to 0.00024159 BTC and $2.12 USD respectively.