OmiseGo (OMG) releases network’s new version, ‘Samrong’

The scaling network that executes on Ethereum, OmiseGo (OMG) has launched the latest version of its network referred to as ‘Samrong’. The new version will see OmiseGo become a better platform for finance, transparency and peer-to-peer transactions in real-time.

The new version has been greatly improved in terms of resilience for its services. The reliability of the network has gone up significantly. In addition, the network is currently monitored and is not likely to get downtimes even in times of heavy load.

To release this second iteration of the network, OmiseGo put into account the feedback from users alongside improvement suggestions from outside parties. Other improvements of the network include a new transaction signature that utilizes EIP 712 standard, improvements for the Plasma smart contract as well as the highly sort after meta-data field. According to the OmiseGo team:

“This leads us to the next exciting phase: testing our very first plasma network upgrade! Users and applications will have to move their Rinkeby ETH and ERC20 from Ari to Samrong. This, of course, includes the users of Plasma Dog. Don’t worry, the OmiseGo team will help make the shift as seamless as possible. We will begin by providing developers to the ODP with private alpha access, developers will have the tools they need to start migration their funds to simulate the actual process of fund migration between networks.”