Introduction to Omchain
Last updated
Last updated
Omchain is designed as an EVM compatible, secure, low-cost, and high-capacity blockchain infrastructure developed and maintained by Omchain Foundation is tailored for individuals, businesses, and organizations seeking advanced blockchain solutions. It offers unparalleled efficiency and speed thanks to its unique blockchain architecture. The high transaction speeds are a result of Omchain’s proprietary consensus algorithm and network optimizations, enabling real-time completion of both micro-transactions and large-volume transfers.
The Omchain Foundation maintains the Omchain project. Our organization is focused on the development and expansion of the projects within the Omchain ecosystem. We support the success of projects in the ecosystem by providing a range of services such as consulting, smart contract development, advisory support, and marketing assistance. Additionally, we aim to create a vibrant and interactive community within Omchain and seek partnerships for innovation and growth. The primary goal of the Omchain Foundation is to ensure the overall success of the Omchain ecosystem.
The Omchain Foundation is established in the BVI, officially named Omchain Labs LTD, with the company number 2135047. Our organization provides the necessary tools and resources for the sustainable growth of projects and initiatives within the Omchain ecosystem. We also play a critical role in facilitating the realization of innovative ideas and solutions in the ecosystem. The Omchain Foundation aims to push the boundaries of technology and innovation, focusing on the continuous development and expansion of the Omchain ecosystem.
OMC is the gas token of the Omchain network. OMC, could be bridged to other networks such as Ethereum (ETH), Binance Smart Chain (BSC), Polygon (MATIC), and Avalanche (AVAX).
The total supply of OMC is capped at 250 million tokens. Since OMC is the gas token of the network, OMC collected as transaction fees are burned permanently which aids in creating a deflationary token economy. The burn event will continue until there are no more than 100 million OMC tokens in circulation.
Omchain's technical structure is noteworthy for its ability to produce a block every 2 seconds, translating to over 15 million blocks per year. Capable of smoothly processing 2000 transactions per block, Omchain can achieve a transaction speed (TPS) of up to 1000 per second, making it ideal for speed-focused applications in DeFi and NFT sectors. Furthermore, with a transaction fee of only $0.0001, it offers high efficiency and economical usage. Omchain stands out as a competitive blockchain solution with its technical features and provides a robust, secure foundation for widespread adoption. Additionally Omchain has USD-fixed transaction processing capabilities for large transaction senders to make institutional adoption easier due to transaction cost forecasting being possible.
Omchain provides its users with advanced features such as smart contracts, decentralized applications (DApps), and token creation. Smart contracts offer developers and businesses the flexibility and security to program everything from financial transactions to voting and automated tasks. DApps and tokens are supported within the Omchain ecosystem with a variety of tools and services that enable users to create and manage their projects.
Security is a core focus of Omchain. State-of-the-art encryption and network security protocols protect the integrity of the network while safeguarding user assets and data against all types of attacks. The network is supported by regular security audits and updates, ensuring that users and developers can transact with confidence.
In conclusion, Omchain combines the innovations offered by blockchain technology in a user-friendly platform designed to meet the current and future needs of the industry. With its high performance, cross-chain compatibility, and robust security, it aims to meet the needs of both existing crypto users and those new to the field, whether individuals or businesses. The Omchain Project, developed and continuously improved by the Omchain Foundation, which plays a leading role in the blockchain field, is an indication that the project will continually evolve and make a significant impact in the world of technology.
