As of today $OMG @bitfinex hot wallet accounts for 3M USDt. It's nice sure but now the #Ethereum and #OMG community has to demonstrate that they do care about L2 scalability and put that amount to good use.
https://blockexplorer.mainnet.v1.omg.network/address/0xcfe4445886c37587a41c5cc2a5fdaf966eddab37?section=transactions …https://twitter.com/paoloardoino/status/1299034737651089409 …
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seems
@Leverj_io is even further along than@omgnetworkhq : plasma with no exit games and already a functioning spot exchange and soon futures -- whereas OMG just does transfers on L2 with no apps
Indeed now it's time for @omgnetworkhq community to build and integrate. Tether and Finex part is completed.
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We are ready for Revolution on Finance Systems
@omgnetworkhq now it's time for the real adoption .Thanks. Twitter will use this to make your timeline better. UndoUndo
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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This will help reducing congestion on
$ETH but network fee on OMG is 0.18 OMG/txn ( ~1$). This is not less compared to ETH. Will fees reduce if the transactions per block are more? -
Network is in beta . Released 2 months ago . There are many many features coming . Such as dynamic fees keeping OMG fees 1/3 of the average Ethereum gas fee . I paid 35$ on kyber yesterday to swap some coins. Yes OMG is cheaper and always will be . MORE exchanges coming too .
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