The project was one of 2017's biggest ICOs, raising $25 million and going on to be valued at over a billion dollars in the successive months.
The project also rolled out the Plasma sidechain yesterday, promising scalability for developers and a faster network for transactions.
On why the move from "Omise," an official announcement notes the term refers to "Shop" in Japanese, which is unsuited for a firm committed to running and developing a public blockchain network.
The two firms are, put together, owned by SYNQA, which rebranded from Omise Holdings in April 2020.
The project has seen better token values, reaching an all-time high of over $25 in early-2018 - and even breaking into the top-20 cryptocurrencies by market cap on CoinMarketCap.
The blog cited Ethereum's vulnerability to "Severe network congestion" under heavy demand, adding the network's transactions are capped at 12 per second.
Gas fees increase "Significantly" over this value, said Bitfinex.
With the integration, Tether is now issued on over seven blockchains, such as Ethereum, Omni, EOS, and Tron, among others.
Thailand's OmiseGo rebrands to OMG Network, Tether releases USDT noting Ethereum issues
Publicado en Jun 2, 2020
by Cryptoslate | Publicado en Coinage
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