Welcome to the OMG Network Engineering blog! A place where we share some of the details of what we’re working on, the battles we fought along the way, and what we’ve learned.
With crypto exchange fees soaring to nearly 500 Gwei on September 18th, 2020, we know exchanges and their users need a solution — fast. We’ve taken the first step to rein in high gas fees by integrating with Bitfinex, one of the largest crypto exchanges, to support transfers of the biggest gas-guzzler of them all: Tether (USDt).
This blog is a high-level iteration of how an exchange can integrate with the OMG Network to deposit and withdraw ERC20 tokens (e.g. USDt). Visit our documentation site for a more in-depth and technical explanation of how this works.
This is a continuation of the live AMA Stephen, our COO, did with Huobi on 20th August, 2020. Catch Part One on Huobi’s blog. Q: Can you explain your partnership with Bitfinex and what you hope to achieve with it?
Last week we launched the Community Points Engine (CPE) in response to Reddit’s Scaling Bake-off challenge on our new subreddit, r/omgnetwork. Post-launch, we asked our community if they had questions regarding the extension in a live AMA. Here’s a compilation …