Binance has announced the 52nd project on Binance Launchpool OMNI Network $OMNI , a layer 1 blockchain designed to integrate Ethereum’s rollup ecosystem into a single, unified system.
Users will be able to stake their BNB and FDUSD into separate pools to farm OMNI tokens over four days, with farming starting from 2024-04-13 00:00 (UTC).
Binance will then list OMNI at 2024-04-17 12:00 (UTC) and open trading with OMNI/BTC, OMNI/USDT, OMNI/BNB, OMNI/FDUSD and OMNI/TRY trading pairs. You can have more information through the official announcement webpage.
What is Omni Network?
- Omni is Ethereum’s integrated rollup layer that allows developers to build unified applications across all Ethereum scaling solutions. It is powered by a novel blockchain architecture that supports sub-second finality with security derived from Ethereum through restaking.
Project Key Highlights
- Dual Staking Model: Omni is a Proof-of-Stake network secured by the combined value of restaked ETH and staked OMNI.
- Sub-Second Verification: Omni nodes use CometBFT consensus to process cross-rollup messages and Omni EVM transactions in under one second. Using alternative finality mechanisms, such as pre-confirmations and transaction insurance, Omni can provide sub-second finality for cross-rollup messages.
- Diverse Rollup Support: Omni is designed with minimal integration requirements to ensure compatibility with any rollup virtual machine, programming language, and data availability architecture.
- Backwards Compatibility: Applications can integrate Omni without modifying their existing smart contracts. Instead, applications can employ modified frontend instructions to send cross-rollup messages through Omni.