Omni (OMNI)

What is Omni (OMNI) Cryptocurrency? Omni (OMNI) is a decentralized, open source cryptocurrency released in 2014 by US-based software developer, Mastercoin. It is based on the Bitcoin technology and is backed by the Omni Foundation's own Proof of Reserve protocol. The premise of Omni is a “smart property platform” for the digital asset market. The objectives of the project are to provide users with trustless digital asset transactions and to enable developers to build applications for these transactions. Who Founded It? Omni was founded by veteran cryptocurrency enthusiast and Bitcoin developer, J.R. Willett in 2013. Willett is credited as the founder of the first asset and crowdsale platforms, known as the Mastercoin protocol, upon which Omni is built. Willet soon released a white paper that outlined the Omni protocol and services, which launched the Omni asset and ICO sale soon afterward in 2014. What Makes It Unique? Unlike most other cryptocurrencies, Omni is decentralized and peer-to-peer. It uses the blockchain and smart contracts to maintain a secure and trustless system for digital asset transactions. This ensures that users maintain complete control of their money and that the system is not prone to corruption or manipulation from outside entities. Additionally, the platform implements a sophisticated proof of reserve protocol, which guarantees that the value of Omni tokens remains stable. Where Is It Used? Omni is used both as a digital currency and as a platform for digital asset transactions. The Omni currency can be used as a medium of exchange, a store of value, and to facilitate secure digital asset transfers. The protocol also allows developers to use it to create their own decentralized applications (dApps) and services on the blockchain. Developers can use the Omni scripting language, known as FXMT, to develop apps and transactions with the secure protocol. Where to Buy/Sell It? Omni is available to buy and sell on several popular cryptocurrency exchanges, such as Binance, Coinmama, and EtherDelta. Additionally, it can also be bought and sold directly from the Omni Foundation in exchange for Bitcoin. Buyers should be aware that Omni is quite volatile and should exercise caution when investing in it. Comments: "Omni is a unique cryptocurrency that is well-suited for developers who want to build decentralised applications and services. The proof of reserve protocol gives users trustless security and peace of mind when investing in it." -CryptoComrade "This is an exciting development for digital asset transactions! The fact that it is based on the blockchain and uses smart contracts makes it a secure and trustless system that gives users complete control of their money." -CryptoSavvy