As the interest for blockchain projects and cryptocurrencies is exponentially growing, OmiseGO appears to be one of the strongest and most exciting projects out there. Still, as it involves fairly complex notions, it is hard for the beginner looking for an introduction to find a clear and complete guide: OmiseGO’s website provides all necessary documents, and especially the “white paper”, an in-depth explanation of the whole system, but although being an extremely well thought and precise document, it would be a lie to pretend it’s not a hard read at first sight.
There are also some good quality reviews already, but while they can be very useful, they usually focus on one specific point of the matter, such as commercial partnerships, without taking the time to introduce the whole of the project to someone that would be completely new to it.
So I decided to write the comprehensive guide that would take everything from the start and be clear for anyone to read, while at the same time exposing everything in the most precise and accurate way, in order to give this very ambitious project the wide audience and understanding it deserves.
As I’m taking things back from the basics, if you feel like you are already clear about some points, feel free to skip them and directly move to the points that interest you. I have tried to give a clear architecture to this article, clear titles and an introductive summary, so that you can browse easily through this guide if you don’t want to read it from the beginning to the end.
Please note that whatever you read in this guide, it is made only for explanational purpose, and is not in any case an investment advice: I am not entitled to this, I don’t wish to, and the choice one makes with his or her own money is his or her own choice. Investing in any project and especially in the crypto world is always a high risk operation, and I have no recommendation to make about it. Even the part titled “Why invest in OmiseGO” is to be considered a mere exposition of what can be the reasons to invest in the project if one chooses to, but not an advice pretending you should, or should not.
I’m only trying to clearly explain what OmiseGO is, what it is building, and what it can be in the future, while answering in a same article to many questions I’ve seen and answered separately on dedicated forums.