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Omni Foundation Launches Mainnet On Arbitrum And Optimism

22/04/2024 21:18

According to BlockBeats, Omni Foundation has announced the launch of its mainnet, Omni Network, on Arbitrum and Optimism. Omni Network is a Layer 1 (L1) network that collaborates with Ethereum rollups, aiming to provide access and liquidity to the Ethereum ecosystem for all users. The launch signifies a significant step in the expansion of the Ethereum ecosystem, as it allows users to interact with Ethereum in a more efficient and cost-effective manner. The integration with Arbitrum and Optimism, both Layer 2 solutions, will enhance the scalability of the Ethereum network, thereby improving its performance and user experience. The Omni Network is designed to be a bridge between Ethereum and other blockchain networks, facilitating seamless transactions and interactions. By leveraging the power of Ethereum rollups, the network can handle a higher volume of transactions, reducing congestion and lowering transaction fees. This development is expected to boost the adoption of Ethereum and its associated applications, as it makes the network more accessible and user-friendly. The Omni Network's mainnet launch on Arbitrum and Optimism is a testament to the continuous efforts to improve and expand the Ethereum ecosystem.

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