Blockchains are increasingly popular. The growth of fans increases the volume of transactions per second, which can slow down the entire system. Enter Omni Network: a platform that makes negotiations faster.
To understand how Omni Network works, it is necessary to know rollups. As if they were data compressors, they carry out transactions outside the blockchain and only store the final information in the main layer. This optimizes the functioning of the entire system.
Rollup aggregator
Rollups are smart solutions for scaling trades on the blockchain. Many emerge to meet this demand, but they work in isolation, that is, they do not talk to each other.
This fragmented liquidity until the emergence of the Omni Network, which works as an aggregator of rollups on Ethereum. It makes it possible to connect to other rollups to make transactions between them, outside the blockchain. This facilitates the process and makes liquidity more fluid.
Another advantage of the Omni Network is that operations between rollups are very fast, taking less than a second. It verifies the security and stability of the transaction using a native system, compatible with rollups that work on Ethereum.
Omni cross-chain
Omni Network protocols are not just restricted to rollups. The platform is also cross-chain, that is, it encompasses other blockchains. The idea is to make it easier for users who make transactions between different chains.
Omni Network allows you to trade tokens from different chains. It transfers both data and digital assets securely and quickly. Just like rollups, moves happen in a separate layer of the chain.
Developers can use the system to create applications that also operate cross-chain. This way, professionals optimize their time when creating dApps that serve multiple blockchains.
Eigen Layer Protocol
Omni Network uses Eigen Layer technology, a protocol on Ethereum that allows you to use the chain's network to carry out transactions without your own group of validators. This way, negotiations are carried out faster, without compromising security.
Eigen Layer is useful for new blockchains, which still have few validators and need momentum to handle negotiations. It works on Ethereum's Proof of Stake (PoS) system, providing the traction and security needed to complete the process.
The protocol is one of the pioneers in the concept of restoking, when locked tokens are used for trading on one blockchain on another platform or another blockchain. This makes negotiations more fluid. It also allows you to leverage digital assets for transactions and rewards.
OMNI coin
OMNI coin is native to the Omni Network and used as a payment method to reward those who make transactions between rollups and chains. It is also the default currency of Omni EVM (Ethereum Virtual Machine), the virtual machine that processes all transactions.
The OMNI token was developed on the ERC-20 protocol. It is governance, that is, it allows holders to vote on decisions to improve and improve the platform.
Learn more about cryptocurrencies
Omni Network brings interoperability between rollups on Ethereum and other chains. You can invest in the OMNI token and several others on NovaDAX: one of the main Brazilian exchanges with several cryptocurrencies in its portfolio. Access the website and open your free account!
