Omni Network represents a new level of blockchain created for integrating Ethereum rollups, enabling fast and secure data transfer between different networks.
What is Omni Network?
Omni Network is a Layer 1 blockchain designed to unify all Ethereum rollups. It provides seamless interaction between different rollups without relying on third-party bridges. Omni aims to transform fragmented rollups into a coordinated, composable system, known as the ‘Internet of Rollups’.
Omni leverages the flexible architecture of the Cosmos SDK and the security of Ethereum through EigenLayer’s restaking infrastructure.
How Omni Network Works?
Omni Network ensures security through Ethereum restakers and achieves faster state confirmations using Tendermint consensus. Omni acts as a high-speed data transmission layer for rollups and other Layer 1 blockchains, allowing developers to build and deploy dApps without delays. It is fully EVM compatible, supporting the deployment of smart contracts across various rollups and facilitating asset and data transfers.
The Role of OMNI Token
OMNI is the native cryptocurrency of Omni Network, serving as a universal gas asset for the Ethereum rollup ecosystem. Addressing the challenges of interoperability among various rollups, OMNI simplifies usage by allowing users to pay transaction fees using their native tokens, which are automatically converted to OMNI. This positions OMNI as a key abstraction layer for cross-rollup execution, enhancing the functionality of the Ethereum ecosystem.
Omni Network lays the groundwork for Ethereum's modular future, enhancing interoperability among rollups and ensuring security and scalability for all ecosystem participants.
