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The decentralized trade on a high-volume, minimal effort open blockchain, OmiseGO gives a cutting edge esteem exchange benefit working crosswise over monetary standards and resource types. OmiseGO is an open payment platform and decentralised exchange issued on Ethereum, an open-source public blockchain. OmiseGO’s vision is to become the number one, peer-to-peer cryptocurrency exchange platform. OmiseGO is much more than an altcoin.
On 1st September, 2017, The price of OMG in India was 762.6 and it started falling down. During the month September, 2017, the team of OMG introduced their decentralized exchange named plasma.io and also the airdrops released and there was an Ethereum Scaling agreement via plasma.io which were the developmental aspects at OMG and on 30th September, 2017, the OMG to INR was 660.82. At first OMG group had shown up at a summit in San Francisco, the group began with an undertaking on Tender mint. In this manner, on 1st, December, 2017 OMG began at OMG to INR 569.66 and the price kept climbing up and finally closed the last month of 2017 with OMG price in INR 1273.
On 1st January, 2018 the price of OMG in India was INR 1251.29 and it kept following the market trend and finally closed the month January 2018 with OMG to INR 964.12. On 1st Feb, 2018 OMG started with OMG to INR 992.14 and the OmiseGo price dipped down in India and reached OMG to INR 97.53 at the end of December 2018.
In the beginning, OmiseGO price in Inr was 93.09 and OmiseGO price reached maximum of 193.93 on 27th June, 2019 and by the end of the year on 31st December 2019 it slid back to INR 44.05.
on 1st January 2020, OmiseGO price started with INR 43.26 and has reached Highest by far on 23rd May 2020 at INR 146.75 with sliding back to INR 130.81 on 1st June
OmiseGO offers the exchange functionality but keeps all its transactions decentralized and stored on the blockchain. This keeps the data secure because a hacker cannot access one location to tamper with, say, the available funds of one person. A hacker would need to convince every user of the blockchain, making hacking attempts virtually impossible.
Delegated proof of stake consensus process similar to the proposed Casper protocol for Ethereum.
Use of interconnected blockchains to scale transaction volume, similar to the lightning network but compatible with the Ethereum virtual machine as well as Bitcoin heritage chains.
Exchange order matching and exchange execution built into the consensus process, enabling the establishment of a truly decentralized exchange.
OmiseGO circumvents the process by claiming that it is currency agnostic. It doesn’t matter whether you’re converting ETH to USD, or ETH to BTC. The process and fees remain the same: one direct conversion with one tiny fee.
Whether you want to buy OmiseGo in India Or you want to sell OmiseGo in India. The most secure and safest platform in India is BuyUCoin. It is the best Indian Exchange which offers OMG to INR trading pairs. It is India’s most secure, dedicated, User friendly and trusted digital exchange. At BuyUCoin you can not only buy/ sell OMG in inr but also more than 30 cryptocurrencies and It follows payment industry best practices with strict KYC-AML policies because of these features BuyUCoin become a leader in Indian cryptocurrency Market of cryptocurrency exchanges.