Transcription of OmiseGO
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OmiseGO
OmiseGODecentralized Exchange and Payments PlatformJoseph 17, 2017 AbstractOmiseGO is building a decentralized exchange, liquidity provider mechanism, clear-inghouse messaging network, and asset-backed blockchain gateway. OmiseGO is notowned by any single one party. Instead, it is an open distributed network of validatorswhich enforce behavior of all participants. It uses the mechanism of a protocol tokento create a proof-of-stake blockchain to enable enforcement of market activity amongstparticipants. This high-performant distributed network enforces exchange across as-set classes, from fiat-backed issuers to fully decentralized blockchain tokens (ERC-20style and native cryptocurrencies). Unlike nearly all other decentralized exchange plat-forms, this allows for decentralized exchange of other blockchains and between multipleblockchains directly without a trusted gateway token. Markets may be able to signifi-cantly reduce spreads and encourage market assurance via decentralizing custody andincreased transparency of market activity.
of the OMG token is providing computation and enforcement. The token itself acts as a bond for its activity on this blockchain, improper activity results in the token/bond being
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