What is OMG Foundation?

The OMG Foundation (previously known as OMG Network and OmiseGo) is a non-custodial, Layer-2 scaling solution that is built to compliment the Ethereum network by drastically decreasing transaction times and increasing overall network scalability. This is realized by enhancing Ethereum's ability to send and receive the Ethereum network's underlying asset (ETH) and Ethereum-based ERC-20 tokenized assets. OMG Foundation makes use of a specialized Layer-2 scaling technology called More Viable Plasma (MoreVP) to make this functionality possible. As well, the OMG Foundation leverages the network's utility asset (OMG) to drive the blockchain platform and its overall ecosystem.