How Is OMG Network Secured?
The OMG Network mainnet will eventually move to a proof-of-stake (POS) consensus system, which will allow users to stake their tokens to help secure the network and earn rewards.
Until then, OMG Network child chains are secured by a proof-of-authority (PoA) consensus mechanism, which is basically a simplified form of proof-of-stake which is controlled by a single block producer (OMG Network itself) for now — which essentially stakes its reputation on staying honest.
OMG Network plans to transition to proof-of-stake as soon as it’s ready, following which OMG holders will be able to become stakeholders in the success and security of the network, by delegating their stake to validators.
