Rajarshi Mitra
Independent Analyst
- Ari, the public alpha release of the OMG Network, implements More Viable Plasma for ETH transfer and Minimal Viable Plasma for ERC-20 token transfer.
- Plasma utilizes several plasma chains or child chains which will take considerable load off the main blockchain.
In a major breakthrough for plasma and blockchain scalability, OmiseGO(OMG) announced the public Alpha release of the OMG Network. The release is named “Ari” which means “hospitable, gentle, accommodating” in Thai. OmiseGO believes that Ari has reached the desired level of functionality and stability required for public testing.
OmiseGO stated in a blog post:
“This version of the OMG Network implements More Viable Plasma for ETH transfer and Minimal Viable Plasma for ERC-20 token transfer, with a single operator, secured against the Rinkeby Ethereum Testnet. It supports the full plasma lifecycle — deposits, transfers, exits, and in-flight exits. In our testing, we’ve already been able to process over 1.2MM transactions with a peak measured throughput of over 2700 transactions per second so far.”
Plasma is one of the main scalability techniques that both Ethereum and OmiseGO are working on. Plasma utilizes several plasma chains or child chains which will take considerable load off the main blockchain and help in achieving exponential scalability.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
Bitcoin price steady above $65,000 as Hermetica launches BTC-backed USDH on layer 1
Bitcoin trades slightly up at the time of writing on Wednesday, rising by 0.14% at $65,158 after closing above the daily resistance level of $64,913 the day before. On-chain data indicates that BTC is undervalued, and US spot Bitcoin ETFs recorded inflows totaling $422.50 million on Tuesday.
Bitcoin rally catalyzes gains in Ethereum, Solana, and XRP, as traders digest Donald Trump incident
Crypto market capitalization increased nearly 4% in the last 24 hours and climbed to $2.522 trillion on Wednesday, as seen on CoinGecko. Almost all cryptocurrencies ranked in the top 10 assets by market capitalization have rallied in that period.
Ontology Gas sets for a rally as technicals show bullish divergences
Ontology Gas price broke out above a descending parallel channel pattern, indicating a potential bullish momentum ahead. The bullish divergence observed on the RSI and the Awesome Oscillator indicators further suggests a likely reversal and upward trajectory for ONG in the days ahead.
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Bitcoin surpasses $65,000 mark
Bitcoin (BTC) closes above the daily resistance level of $64,900, with Ethereum (ETH) and Ripple (XRP) subsequently breaking through their resistance levels, indicating an emerging bullish trend.
Bitcoin: Investors wonder if BTC troubles are behind
Bitcoin (BTC) stabilized around the $57,000 mark this week, while the German Government persists in transferring Bitcoin to exchanges. Concurrently, US spot Bitcoin ETFs have recorded inflows.