OMG Foundation

The OMG Foundation (previously known as the OMG Network and OmiseGo) is a non-custodial, Layer-2 scaling solution designed to complement the Ethereum network by significantly reducing transaction times and increasing overall network scalability. This is accomplished by improving Ethereum’s ability to send and receive Ethereum’s underlying asset (ETH) as well as Ethereum-based ERC-20 tokenized assets. To enable this functionality, the OMG Foundation employs More Viable Plasma (MoreVP), a specialized Layer-2 scaling technology. Furthermore, the OMG Foundation uses the network’s utility asset (OMG) to power the blockchain platform and its broader ecosystem.