OMNI
Omni Network, or Omni for short, is a unique layer-1 blockchain with the ambition to merge Ethereum’s Rollup ecosystem into one harmonious, unified network. With Omni, developers can build native global applications and easily access the full liquidity and user privileges of Ethereum.
As the native token of Omni Network, OMNI plays multiple roles in the protocol. First, it is a universal gas resource that serves as a payment mechanism to compensate relayers who submit transactions to the target Rollup. Second, OMNI is the native currency that transactions on the Omni EVM rely on.
In addition, OMNI also undertakes the important task of network governance, and its stakeholders will jointly discuss decisions on protocol upgrades and other developer features. Finally, in the field of staking, the Omni protocol implements a dual staking model to ensure economic security. Among them, security is closely linked to the total value of staking OMNI and re-staking ETH.
About the Team
Omni Labs was established thanks to a team of industry veterans. The team is led by CEO Austin King, a Harvard alumnus who built the Interledger network that has processed over 10 billion transactions and was later acquired by Ripple.
CTO Tyler Tarsi, also from Harvard, leads the technical team and leverages his expertise in building machine learning infrastructure for quantitative trading systems.
Double Staking Mechanism
Omni is a proof-of-stake network with security reinforced by the total value gained through staking ETH and OMNI.
Market Value of the Project
Omni Network: Revolutionizing Ethereum Interoperability
Omni is blazing a new trail with its original approach to Ethereum rollup interoperability that will be open to all users and developers in the near future. The team at Omni Labs has just successfully deployed its final testnet, dubbed Omni Omega. It is expected that in the second quarter of this year, Omni will become the first Automatic Verification System (AVS) to be implemented on the mainnet, providing a secure and efficient solution to the Ethereum rollup fragmentation problem.
Just as rollup technology has become core infrastructure for processing transactions, Omni aims to become the industry standard for interoperability in the Ethereum ecosystem.
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