What is omChain (OMC)
What is omchain?
omchain is an EVM compliant PoA blockchain that uses IBFT2 consensus algorithm. The block interval of omchain is 2 seconds and the block gas limit is 50 million. omchain provides the infrastructure for business level needs.
## What is omchain’s native asset? (OMC)
omchain’s gas token is named OMC and bridged to ETH/BSC/AVAX networks as ERC-20/BEP-20/ARC-20 tokens.
## How is OMC used?
OMC is used for paying transaction fees on the omchain. omchain have the following features;
* EVM Compatibility: Proven security, established tech stack, tools, standards and enterprise adoption
* Scalability: Always low transaction fees and side chain integrations enable highly scalable blockchain infrastructure for enterprise grade needs.
* Security: Audited, open-source software and consensus mechanisms enable secure infrastructure
* User Experience: Immediate transaction finality allows real life applications to be integrated with blockchain
* Developer Support: Not just the infrastructure but necessary tools required by the blockchain is also provided, such as mobile wallet and blockchain bridge.
Interactions with the omchain is done with OMC just like how any other gas token works.
omChain is available on MEXC, providing you with the convenience of purchasing, holding, transferring, and staking the token directly on our platform. Whether you are a seasoned investor or a newcomer to the world of cryptocurrencies, MEXC offers a user-friendly interface and a variety of tools to manage your omChain investments effectively. For more detailed information about this token, we invite you to visit our digital asset introduction page.
Additionally, you can:
- Check OMC staking availabilityto see how you can earn rewards on your holdings.
- Read reviews and analytics about omChain on our blog to stay informed about the latest market trends and expert insights.
Our comprehensive resources are designed to make your omChain buying experience smooth and informed, ensuring you have all the tools and knowledge needed to invest confidently.
omChain Price Prediction
Cryptocurrency price predictions involve forecasting or speculating on the future values of cryptocurrencies. These forecasts aim to predict the potential future worth of specific cryptocurrencies, such as omChain, Bitcoin, or Ethereum. What will be the future price of OMC? How much will it be worth in 2025, 2026, 2027, and up to 2050? For detailed prediction information, please check out our omChain price prediction page.
omChain Price History
Tracing OMC's price trajectory provides valuable insights into its past performance and helps investors understand the factors influencing its value over time. Understanding these historical patterns can offer valuable context for assessing OMC's potential future trajectory. For detailed price history information, please check out our omChain price history page.
How to buy omChain (OMC)
Looking for how to buy omChain? The process is straightforward and hassle-free! You can easily purchase omChain on MEXC by following our step-by-step How to Buy guide. We provide you with detailed instructions and video tutorials, demonstrating how to sign up on MEXC and use the various convenient payment options available.
omChain Resource
For a more in-depth understanding of omChain, consider exploring additional resources such as the whitepaper, official website, and other publications:
People Also Ask: Other Questions About omChain
Omchain (OMC) is an EVM compatible, secure, low-cost, and high-capacity blockchain infrastructure designed to support advanced blockchain solutions for individuals, businesses, and organizations. Its unique blockchain architecture, proprietary consensus algorithm, and network optimizations enable real-time completion of transactions with high efficiency and speed.
The Omchain Foundation, officially named Omchain Labs LTD and established in the BVI, maintains the Omchain project. The foundation focuses on the development and expansion of the Omchain ecosystem, supporting projects with consulting, smart contract development, advisory support, and marketing assistance.
OMC is the gas token of the Omchain network, used for transaction fees and operations within the network. With a capped supply of 250 million tokens, OMC employs a deflationary model where transaction fees are burned until the supply reaches 100 million tokens. OMC can also be bridged to other networks like Ethereum, Binance Smart Chain, Polygon, and Avalanche.
Omchain can produce a block every 2 seconds, translating to over 15 million blocks per year, and can process 2000 transactions per block, achieving a transaction speed (TPS) of up to 1000 per second. The transaction fee is only $0.0001, making it highly efficient and economical.
Omchain supports smart contracts, decentralized applications (DApps), and token creation. These features allow developers and businesses to program financial transactions, voting, and automated tasks securely. The ecosystem provides tools and services for creating and managing projects, ensuring flexibility and security.
The Digital ID Protocol, based on the W3C Decentralized Identifiers standard, allows multiple identity providers to collaborate securely. It includes smart contracts and detailed documentation to ensure secure and private access to digital services and applications.
The Digital Authenticator integrates Omchain's Digital ID protocol, enabling secure mobile verification and digital signature processes. It features a user-friendly interface and employs advanced security protocols to protect users' identity information, making digital interactions safe and efficient.
ChainConnect simplifies wallet creation and programmatic access, bypassing complex security procedures. It allows for the programmatic production and transfer of tokens, enhancing efficiency and interaction within the Omchain ecosystem, especially for developers creating token-based applications and services.
The Omchain Bridge facilitates the transfer of assets and data across various blockchains, enhancing compatibility and expanding liquidity pools. It allows users to benefit from the advantages of different blockchain networks, providing broader access and interaction in various ecosystems.
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Disclaimer
Cryptocurrency prices are subject to high market risks and price volatility. You should invest in projects and products that you are familiar with and where you understand the risks involved. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. MEXC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning.
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