Omni Network, the Ethereum scaling solution, officially launched its Omni Core mainnet on Tuesday. This will be the “base layer” of the Omni Orderflow Engine, designed to unify the fragmented Ethereum Layer 2 ecosystem.

“The proliferation of rollup solutions on Ethereum has resulted in $58 billion in total value locked (TVL) being dispersed across over 40 different networks, creating significant challenges for both users and developers,” the Omni team noted. “Omni is designed to unify the ecosystem, providing seamless interoperability, allowing users and developers to approach Ethereum as a single, seamless chain.”

Omni, not to be confused with the secondary layer on Bitcoin of the same name, is one of the pioneering experiments in the growing field of “restaking.” Restaking, the process of reusing staked assets, such as ETH, to simultaneously secure multiple blockchain networks and applications, is expected to significantly increase the value of PoS networks and open the door to many innovative applications in the future.

The concept of restaking was first widely introduced through the EigenLayer test protocol and has become one of the most promising areas of research on Ethereum. However, practical applications of restaking have been limited to date.

Omni, launching in 2023, aims to improve cross-chain interoperability in the increasingly diverse Ethereum Layer 2 landscape. While Layer 2s have significantly reduced transaction costs, developed their own ecosystems, and provided technology solutions optimized for specific applications, this fragmentation has reduced liquidity and limited the overall user base on Ethereum.

“Fragmentation has severely limited Ethereum’s true potential. Liquidity is fragmented, while users face unnecessary friction when moving between rollups,” commented Tyler Tarsi, CTO of Omni.

Omni Core: A Breakthrough in Ethereum Interoperability

Omni Core includes a cross-chain messaging protocol and a custom EVM, which abstracts cross-chain interactions, providing a “seamless user experience.” Combined with SolverNet – another key component in the Orderflow Engine – Omni Core ensures transaction validation and optimizes the flow of information between chains.

Initially, Omni supports interoperability between the Ethereum base layer and leading Layer 2 chains such as Arbitrum, Base, and Optimism, which account for over 90% of total value locked. By improving interoperability, Omni hopes to foster the development of tools such as stablecoin cross-rollups and DeFi primitives that can aggregate liquidity from multiple sources.

The protocol is built on Octane, an open-source framework developed by Omni that enables EVM integration into any decentralized application (dApp). Octane combines EVM with CometBFT – the popular consensus engine in Cosmos – enabling high transaction throughput by handling consensus and execution processes concurrently.



https://tapchibitcoin.io/omni-network-ra-mat-mainnet-core.html