Hello everyone, I am Akan from the Direction Community. Let's talk about OMNI today.
Binance released an announcement on April 12: Binance Launchpool-OMNI's 52nd project, a layer 1 blockchain that aims to integrate Ethereum's rollup ecosystem into a single unified system. Omni Network aims to connect different Rollup solutions and create a unified platform by integrating Ethereum's re-staking protocol EigenLayer and Cosmos SDK. It aims to aggregate Ethereum's modular ecosystem, allowing developers to build global applications on all Layer2 on Ethereum while enjoying the security of ETH itself. This project takes into account the security of Ethereum, the speed and programmability of Cosmos, allowing developers to access more users while making it easier for users to access innovative applications.
The project features Ethereum interoperability infrastructure: providing interoperability for Rollup networks such as Op, Arb, zk and Stark, and becoming the core infrastructure for all Rollup networks and modular applications on Ethereum. The project also features security: Ethereum re-staking is achieved through EigenLayer to ensure security from Ethereum itself. And efficiency: using Tendermint PoS consensus to achieve state consistency an order of magnitude faster than Ethereum Layer 1. The functionality of the project: full EVM compatibility, supporting developers to build native cross-Rollup applications.
The project has reached cooperation with Ethereum re-staking protocol EigenLayer and multiple Layer2 expansion networks. An agreement has been reached with a liquid re-staking (LRT) provider to provide industry-leading security. Half of the OMNI Genesis airdrop is reserved for Omni community members, making it the largest component of the Genesis airdrop to date. This allocation is intended to recognize the contributions of early testnet users, builders, and major participants within the Omni community. Eligibility for individual community rewards depends on the amount of Galxe OAT minted in previous testnet activities. The first round of anti-witch parameters were applied during the data preparation process for Omni testnet users to ensure that the system is not manipulated. Half of the OMNI Genesis rewards reserved for testnet users will be allocated to addresses that pass the first witch check, while the other half will be allocated after the second round of anti-witch testing.The final allocation of testnet users will be determined before the OMNI Genesis claim date. Omni Network reconnects the Ethereum ecosystem by combining the security of Ethereum and the advantages of other technologies, bringing unprecedented convenience to developers and users. This project is in line with the development direction of Ethereum and has investment potential. The specific trend of OMNi will be followed up by Ahan after it goes online.
That’s all for today’s sharing. I hope it will be helpful for your investment. See you next time!