Omega Network is a mining application founded by James Brown (JB) and registered as a Private Limited Company in the United Kingdom. It was established on the 30th of September 2022 with Charter capital of GBP15,000,000.
It’s operation is similar to Pi Network and that’s why it is known as Pi of all AltPi. It acts as a pre – SCP system with focus on Decentralization and Security. The SCP results from the Federal Byzantine Agreement and is a new consensus method that uses the Byzantine Fault Tolerance Protocol (BFTP).
Omega Network is built for blockchain technology in order to provide an open internet platform and a Dapp ecosystem (decentralized application). The goal is to bring these blockchain applications—such as blockchain social networks, e-commerce, Web3, and e-wallets—to reality.
Long-term, Omega Coin will live forever and support the entire Omega Network platform. Pioneers (i.e. Omega coin miners) are therefore urged to exchange real-world goods, services, and professionalism with their accessible OM balances in order to build value to OM.
However, OM listing would be implemented on significant Centralized Exchanges (CEX) for trade, which is why Web3 is incorporated into the network to facilitate transactions with e-wallets like Metamask and Trust Wallet.
The goal of OM, on the other hand, is to balance scarcity and popularity. The OM users receive would be indicative of their contributions to the network as users (pioneers). The overarching objective of OM is to build a sophisticated economic model that is both complex enough to achieve this goal.
