[{"data":1,"prerenderedAt":347},["ShallowReactive",2],{"api/learn-center-post-en-what-is-omg-network":3,"footer-en":57,"learn/cryptocurrency-guide/what-is-omg-network-en-seo":255,"navigation-en-learn-center":260,"api/learn-categories-en":308},{"seo":4,"locale":28,"breadcrumbs":29,"excerpt":37,"featuredImage":38,"components":39,"title":5,"formattedPublishedAt":50,"geofencings":51,"category":52,"pagination":54,"campaignExternalId":8},{"title":5,"metaTitle":6,"metaDescription":7,"keywords":8,"metaRobots":8,"structuredData":9,"metaImage":10,"metaSocial":18,"canonicalURL":8,"localizations":19},"What is OMG Network (OMG)?","What is OMG Network (OMG)? - Bitstamp Learn Center","What is the OMG Network and what is it used for? What about its native token, OMG? - Learn more on the Bitstamp Learn Center",null,{},{"url":11,"mime":12,"ext":13,"width":14,"height":15,"name":16,"alt":17},"bitstampImageUrl/1920x1080px_illustrations_learningcenter_67svg_15730ea363_95fccf0e46.svg","image/svg+xml",".svg",192,108,"1920x1080px_illustrations_learningcenter_67svg_15730ea363.svg","",[],[20,23,26],{"pathname":21,"locale":22},"/en-gb/learn/cryptocurrency-guide/what-is-omg-network/","en-GB",{"pathname":24,"locale":25},"/es/learn/cryptocurrency-guide/what-is-omg-network/","es",{"pathname":27,"locale":28},"/learn/cryptocurrency-guide/what-is-omg-network/","en",[30,34],{"id":31,"text":32,"url":31,"asUrl":33},"/learn/cryptocurrency-guide/","Cryptocurrency guide",true,{"id":35,"text":5,"url":27,"asUrl":36},"what-is-omg-network",false,"\u003Cp>The OMG Network is a payment system built on top of \u003Ca href=\"/learn/cryptocurrency-guide/what-is-ethereum-eth/\">Ethereum\u003C/a> that supports multiple digital assets. It allows users to access, manage and transact with Ethereum-based digital assets more efficiently without sacrificing the blockchain’s security benefits. The network’s native token is OMG.\u003C/p>\n",{"url":11,"mime":12,"ext":13,"width":14,"height":15,"name":16,"alt":17},[40],{"component":41,"props":42,"content":43,"secondaryContent":47,"ctas":48,"secondaryCtas":49,"ctasNoMarginTop":36},"section.full-text",{"centered":36,"withoutSectionContainer":36},{"text":44,"width":45,"align":46},"\u003Cp>OMG NETWORK (OMG) ESSENTIALS\u003C/p>\n\u003Cul>\n\u003Cli>A payment processing network for transferring value on Ethereum\u003C/li>\n\u003Cli>The network is supported by OMG, its own native cryptocurrency\u003C/li>\n\u003Cli>Users can stake OMG to receive more tokens\u003C/li>\n\u003C/ul>\n\u003Ch3>About OMG Network\u003C/h3>\n\u003Cp>The OMG Network is a permissionless and trustless network for transferring value. It makes it possible to move assets directly from blockchain to blockchain without having to rely on third parties such as banks. It operates based on its own native cryptocurrency, \u003Cstrong>OMG\u003C/strong>.\u003C/p>\n\u003Cp>The OMG Network was initially developed by the Omise company as OmiseGO and later rebranded to OMG Network. After a successful ICO in 2017, OMG’s platform for cheap and unmediated transfers of assets across crypto networks was launched.\u003C/p>\n\u003Ch3>Decentralization of payment protocols\u003C/h3>\n\u003Cp>While traditional payment systems, such as Visa or PayPal can boast with considerably higher transaction rates than most blockchain-based cryptocurrencies, including Ethereum, they face a problem: centralization. Unlimited control over financial transactions in the hands of a single authority has been seen as one of the main problems that cryptocurrencies were created to solve in the first place. The OMG Network aims to bring the efficiency of traditional payment platforms onto the blockchain while reaping the benefits of both.\u003C/p>\n\u003Cp>But to make quick and efficient blockchain transactions possible, the OMG Network would need to be able to facilitate a higher transaction throughput than offered by Ethereum’s base technology. For this reason, its design implements \u003Cstrong>Plasma\u003C/strong>, a \u003Ca href=\"/learn/blockchain/what-are-layer-2-solutions/\">layer 2 scaling solution\u003C/a> on top of Ethereum, which brings a substantial boost to transaction throughput compared to its base layer.\u003C/p>\n\u003Cp>Through Plasma, OMG can facilitate high transaction rates, but still maintain all the benefits of the base blockchain. The reason lies in the fact that all final transaction states on the second-layer network are validated by the base-layer blockchain, which grants them the same level of transparency and security that is enjoyed by regular on-chain Ethereum transactions.\u003C/p>\n\u003Ch3>OMG, \u003Cstrong>powering the OMG Network\u003C/strong>\u003C/h3>\n\u003Cp>At the heart of the OMG Network is its own native cryptocurrency, OMG, which fuels the platform’s essential features and makes it possible to transfer assets seamlessly. OMG is based on \u003Cstrong>\u003Ca href=\"/learn/crypto-101/what-is-proof-of-stake-pos/\">proof of stake\u003C/a>\u003C/strong>: it is generated through \u003Cstrong>minting\u003C/strong> and earned by network \u003Cstrong>validators\u003C/strong> who \u003Cstrong>stake\u003C/strong> their coins in order to earn the right to validate blocks and keep the network running.\u003C/p>\n\u003Cp>Any user can participate in OMG staking by locking some OMG on the network. This makes you eligible to receive rewards whenever minting a new block.\u003C/p>\n\u003Cp>Transactions of OMG also incur a fee which is distributed proportionately to how many coins the users have staked in the network. OMG follows the Ethereum \u003Cstrong>\u003Ca href=\"/learn/crypto-101/what-is-erc20/\">ERC-20\u003C/a>\u003C/strong> standard, guaranteeing its fungibility and making it possible to store it in any regular Ethereum-based wallet.\u003C/p>\n\u003Ch3>How to buy OMG\u003C/h3>\n\u003Cp>You can buy the OMG Network coin on Bitstamp by Robinhood. Sign up for a Bitstamp by Robinhood account and start trading OMG today!\u003C/p>\n\u003Cul>\n\u003Cli>\u003Ca href=\"/markets/omg/eur/\">Buy OMG Network (OMG) with Euro\u003C/a>\u003C/li>\n\u003Cli>\u003Ca href=\"/markets/omg/usd/\">Buy OMG Network (OMG) with Dollar\u003C/a>\u003C/li>\n\u003Cli>\u003Ca href=\"/markets/omg/gbp/\">Buy OMG Network (OMG) with British Pound\u003C/a>\u003C/li>\n\u003Cli>\u003Ca href=\"/markets/omg/btc/\">Buy OMG Network (OMG) with Bitcoin\u003C/a>\u003C/li>\n\u003C/ul>\n\u003Cp>Disclosure: Bitstamp by Robinhood is licensed to engage in virtual currency business activity by the New York State Department of Financial Services.\u003C/p>\n","full","left",{"text":17},[],[],"August 16th, 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20 3868 9628","+442038689628",{},{},{"noFollow":36,"isExternal":36,"name":239,"value":240,"isEmail":36,"isPhoneNumber":33,"isText":36,"showOnDesktop":33,"showOnMobile":33,"attachment":241,"geofencings":242},"+1 800 712 5702","+18007125702",{},{},{"noFollow":36,"isExternal":36,"name":244,"value":245,"isEmail":36,"isPhoneNumber":33,"isText":36,"showOnDesktop":33,"showOnMobile":33,"attachment":246,"geofencings":247},"+352 20 88 10 96","+35220881096",{},{},{"noFollow":36,"isExternal":36,"name":249,"value":250,"isEmail":36,"isPhoneNumber":33,"isText":36,"showOnDesktop":33,"showOnMobile":33,"attachment":251,"geofencings":252},"+65 3105 1676","+6531051676",{},{},"\u003Cp>Please read the general \u003Ca href=\"/legal/risk-warning/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Risk Warning\u003C/a>, and \u003Ca href=\"/legal/uk-investment-risk-warning/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Risk Summary\u003C/a> for UK residents before investing in crypto-assets. \u003C/p>\n\u003Cp>Crypto-assets services are provided by the following Bitstamp legal entities depending on client residency: (1) Bitstamp Europe S.A., which is authorized by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg as a payment institution (licence number Z00000012) and crypto-asset service provider (licence number N00000003); Registered address: 40, avenue Monterey, L-2163 Luxembourg, Grand Duchy of Luxembourg; Registration number: B196856; (2) Bitstamp UK Ltd., which is registered with the Financial Conduct Authority (FCA) in the UK for the provision of certain cryptoassets activities under the Money Laundering Regulations (Firm Reference Number 978690); Registered address: 5 New Street Square, EC4A 3TW London, United Kingdom; Registration number: 14174243; (3) Bitstamp Ltd.with its registered address at 5 New Street Square, EC4A 3TW London, United Kingdom and registration number: 8157033; (4) Bitstamp Global Ltd., which is registered as a Virtual Asset Service Provider in the British Virgin Islands and is supervised by the British Virgin Islands Financial Services Commission (FSC); Registered address: Floor 4, Banco Popular Building, Road Town, Tortola VG1110, British Virgin Islands; Registered number: 2086429; and (5) Bitstamp Asia Pte Ltd, which is authorized by the Monetary Authority of Singapore (MAS) as a major payment institution (licence number PS20200667); Registered address: 63 Chulia Street, OCBC Centre East, #15-01, Singapore 049514; Registered number: 202016687K;\u003C/p>\n\u003Cp>Virtual currency services to US residents are provided by Bitstamp USA, Inc., which is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Licensed as a Money Transmitter by the New York State Department of Financial Services. Review a \u003Ca href=\"/legal/usa-inc/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">list of its licenses and other registrations\u003C/a> (NMLS number \u003Ca href=\"https://www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/1905429\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">1905429\u003C/a>) for more information; Registered address: 85 Willow Road, Menlo Park, CA 94025, United States of America; Registered number: 5481543.\u003C/p>\n\u003Cp>Investment services with regards to trading in crypto derivatives are provided by Bitstamp Financial Services Ltd., which is authorized and supervised by the Slovenian Securities Market Agency (ATVP) as a MiFiD investment firm. Trading crypto derivatives carries significant risks and may result in substantial losses. Please trade responsibly and ensure you understand the associated risks. You can find more about the risks \u003Ca href=\"/legal/financial-services/general-terms-and-conditions/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">here\u003C/a>. To help you understand the risks involved we have put together a series of \u003Ca href=\"/derivatives/key-information-documents/\" target=\"_blank\" rel=\"noopener noreferrer\">Key Information Documents (KIDs)\u003C/a> highlighting the risks and rewards related to each derivatives contract. Crypto derivatives trading is not available to customers in the US, Canada, Japan and some other countries. Bitstamp Financial Services Ltd. does not provide crypto-asset services.\u003C/p>\n\u003Cp>To find out more about which Bitstamp entity you receive services from, please check the Profile/My information in your Bitstamp account. You can read more about our legal terms, policies and disclosures \u003Ca href=\"/legal/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">here\u003C/a>.\u003C/p>\n","\u003Cp>All rights reserved © 2026 Bitstamp by Robinhood. \u003Ca href=\"https://www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/1905429\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">NMLS #1905429\u003C/a>\u003C/p>\n",{"description":7,"ogDescription":7,"ogImage":256,"twitterImage":256,"twitterSite":257,"twitterCreator":257,"twitterCard":258,"twitterTitle":6,"twitterDescription":7,"titleTemplate":259},"https://assets.bitstamp.net/msc/_ipx/enlarge_true&f_png&fit_cover&q_85&s_1200x630/bitstampImageUrl/1920x1080px_illustrations_learningcenter_67svg_15730ea363_95fccf0e46.png","@Bitstamp","summary_large_image","%s",{"items":261,"ready":33,"platformButtonText":304,"backButtonText":305,"logInButtonText":306,"signUpButtonText":307},[262,266,270,273,276,279,282,287,290,295,300],{"headerName":263,"sidemenuName":134,"url":135,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":264,"submenu":265,"tag":17},"Institutions",{},[],{"headerName":126,"sidemenuName":126,"url":127,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":267,"submenu":268,"tag":269},{},[],"NEW",{"headerName":149,"sidemenuName":149,"url":150,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":271,"submenu":272,"tag":17},{},[],{"headerName":106,"sidemenuName":106,"url":107,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":274,"submenu":275,"tag":17},{},[],{"headerName":116,"sidemenuName":116,"url":117,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":277,"submenu":278,"tag":17},{},[],{"headerName":121,"sidemenuName":121,"url":122,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":280,"submenu":281,"tag":17},{"geofencing-uk":33},[],{"headerName":283,"sidemenuName":283,"url":284,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":285,"submenu":286,"tag":17},"Markets","/markets/",{},[],{"headerName":111,"sidemenuName":111,"url":112,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":288,"submenu":289,"tag":17},{},[],{"headerName":291,"sidemenuName":291,"url":292,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":293,"submenu":294,"tag":17},"Blog","https://blog.bitstamp.net/",{},[],{"headerName":296,"sidemenuName":296,"url":297,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":298,"submenu":299,"tag":17},"Learn","/learn/",{},[],{"headerName":301,"sidemenuName":301,"url":107,"noFollow":36,"showInHeader":36,"showInSidemenu":33,"geofencings":302,"submenu":303,"tag":17},"Get Bitstamp by Robinhood app",{},[],"Go to platform","Back","Log in","Get started",[309,313,317,321,325,329,331,335,339,343],{"title":310,"url":311,"geofencings":312},"Blockchain technology","/learn/blockchain/",{},{"title":314,"url":315,"geofencings":316},"Company profiles","/learn/company-profiles/",{},{"title":318,"url":319,"geofencings":320},"Crypto 101","/learn/crypto-101/",{},{"title":322,"url":323,"geofencings":324},"Crypto definitions","/learn/crypto-definitions/",{},{"title":326,"url":327,"geofencings":328},"Crypto trading","/learn/crypto-trading/",{},{"title":32,"url":31,"geofencings":330},{"geofencing-uk":33},{"title":332,"url":333,"geofencings":334},"People profiles","/learn/people-profiles/",{},{"title":336,"url":337,"geofencings":338},"Security","/learn/security/",{},{"title":340,"url":341,"geofencings":342},"Tutorials","/learn/bitstamp-tutorials/",{},{"title":344,"url":345,"geofencings":346},"Web3","/learn/web3/",{},1775055424689]