Omchain is an enterprise-grade blockchain that is fully EVM-compatible. The blockchain was released by Open Money Inc. in 2020.
Omchain runs on PoA (Proof of Authority) consensus algorithm, specifically IBFT2 (Istanbul Byzantine Fault Tolerant 2) PoA Consensus. This eliminates miner-related threats and guarantees immediate finality on transactions. It is designed to provide high throughput, and comes with a built-in token bridge and mobile application. One of the key features of Omchain is its interoperability, as products developed for Omchain can work on any EVM blockchain.
The token bridge is a crucial component of Omchain, and it allows users to transfer their assets between various EVM networks, such as Ethereum, Binance Smart Chain or Avalanche. Users can either deploy their own bridge or use Omchain's omLink to transfer their assets seamlessly.
How Many Omchain (OMC) Tokens Are in Circulation?
OMC is the native token that powers Omchain. OMC has a total supply of 486,709,996 and 92,808,753 of them are in circulation.
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