OMG Network, formerly OmiseGo, represents a non-custodial layer-2 scaling solution tailored for the Ethereum blockchain. Positioned as an Ethereum scaling remedy, OMG Network is engineered to expedite and economize the transfer of ETH and ERC20 tokens in comparison to direct transactions on the Ethereum network. At its core, the network operates on an innovative scaling mechanism known as MoreViable Plasma. This approach employs a sidechain framework to aggregate multiple transactions off-chain into a single batch, subsequently validating them as a solitary transaction on the Ethereum root chain. According to OMG Network, this pioneering technology holds the potential to elevate Ethereum's transaction throughput to thousands of transactions per second (TPS), a substantial increase from the current capability of Ethereum 1.0, which ranges from 10 to 14 TPS. Fueling the network is the OMG utility token, serving as one of the payment options for fees on the OMG Network. Additionally, it is slated to become stakable in the future, contributing to network security in exchange for rewards.