What is Up with OmiseGO (OMG) As Prices get Back on Track

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OMG Blockchain

If you are looking for something different to jump on as prices are recovering and this could be a fresh yearly start, look no further.

In contrary to most digital currencies, whose goal is to replace traditional currencies because of their centralization, OmiseGO unique target is to create safer routes of connection between fiat and crypto.

OmiseGO OMG Trends

In the crypto-verse whenever the terms exchange – listing are put together, something of a big deal is coming up for the particular coin. Unocoin one of the leading cryptocurrency exchange platforms in India recently announced the listing of OmiseGO (OMG) on their trade platform.

This listing could prove pivotal in boosting the recovery of OmiseGO, as getting listed on the top exchange platform in the second largest crypto market would open up OmiseGO to greater trade volumes.

An Asia-centric energy system which finds use of the very promising blockchain technology has been developed by Electrify. It supports producers of any scales to trade power, like the large leading ones do by studying the power market.

“I think the entire issue in the crypto space is stability and that is why in the Ethereum community we always talk about how you can stay on Ethereum. My main focus as an advisor is scalability.” – CEO and founder of OmiseGo – Jun Hasegawa, during an interview added.

On the other hand, the COO of Electrify – Martin Lim during an AMA stated:

“We were looking for efficiency in the marketplace and blockchain represented the best solution. So we started developing the concept and searching for contracts.”

“Electricity, unlike other industries runs 24/7 and everyone uses electricity, which is why there is a very high volume of transaction. So if you want scalability and security and want a better medium for blockchain but if it is slow and expensive, then it defeats the purpose.”

Security, scalability, efficiency are turning to be very important for the development of the platform and operation.

“If places like Uganda and Nigeria use electrify and get more energy than they need, they can sell it and improve their overall life and status in terms of education.”

Julius Tan, the CEO of Electrify explains that blockchain and crypto are not only about speculation and prices and it has a positive value. However, without scalability, it is difficult for blockchain to gain wider adoption and this problem could be solved by focusing on an infrastructure like OmiseGO.

“What we wanted to do was to remove the barriers associated with trading and selling power. Traditionally, the power industry is highly dominated by big power companies but slowly we are seeing a shift from centralized to a decentralized network. There needs to be a way in which people consume energy and sell it.”

As per time of writing, OMG/USD is recovering with 11.31% increase in the last 24-hours leading BTC market with 8.29%.

The post What is Up with OmiseGO (OMG) As Prices get Back on Track appeared first on Ethereum World News.

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