$OMNI Coin can refer to two different projects: Omni Network and Omni Layer. Both projects play important roles in blockchain technology.
🔹 Omni Network (#OMNI )
Omni Network is a Layer 1 blockchain that aims to increase interoperability between rollups in the Ethereum ecosystem. It allows developers to create and run applications between different rollups. In this way, it aims to solve the fragmented liquidity and user experience problems on Ethereum.
Key Features:
• Low Latency Communication: Provides sub-second message confirmation times between Ethereum rollups.
• Security: Takes advantage of Ethereum's security with the EigenLayer restaking mechanism.
• Global Compatibility: Works with Ethereum's entire rollup ecosystem.
• Integration and Flexibility: It can easily integrate with different rollup architectures and offers developers a programmable state layer.
OMNI, the native token of the Omni Network, performs the following functions:
• Transaction Fees: Used as gas for transactions on the Omni network.
• Global Gas Market: Creates a gas market for inter-rollup transactions, allowing users to trade seamlessly between various rollups.
• Network Decentralization: OMNI token holders participate in decision-making on the network, enabling the network to be decentralized.
OMNI token was listed on Binance Launchpool in 2024 and offered to investors.
🔸 Omni Layer (Formerly Mastercoin)
Omni Layer is a protocol built on the Bitcoin blockchain. It allows developers to create digital assets and smart contracts on the Bitcoin network. This protocol has enabled stablecoins such as Tether (USDT) to run on Bitcoin.
Key Features:
• Bitcoin Security: Secured by Bitcoin's proof-of-work consensus mechanism.
• Multi-Asset Support: Allows for the creation of different types of digital assets.
• Interoperability: Omni tokens can be moved between various exchanges that support the Bitcoin blockchain.