PALO ALTO, Calif., Could 11, 2021 /PRNewswire/ — , a number one supplier of software program frameworks for privacy-preserving computation, in partnership with , a pioneer in Ethereum scaling improvement, introduced at this time the general public testnet of OMGX, a Layer 2 platform that helps Ethereum Digital Machine (EVM) suitable good contracts, token staking and streamlined cross-chain liquidity.
OMGX is the results of the mixed analysis by
With these constructing blocks, Enya is laying the inspiration for OMGX to not solely scale Ethereum, but in addition increase it by enabling builders to carry out advanced and verifiable computations off-chain. This enables good contracts to leverage refined algorithms akin to machine studying classifiers and Enya’s privacy-preserving matching know-how.
“We’re excited to assist create a extra inclusive Ethereum ecosystem with OMGX by lowering the boundaries of adoption for customers and builders,” mentioned Alan Chiu, CEO and Co-founder of Enya. “OMGX is a superb step in the direction of a way forward for extra open monetary techniques that respect particular person privateness.”
With OMGX, Enya is evolving the OMG Community to permit less expensive deployment and execution of Ethereum good contracts, and broadening their capabilities with advanced computations that aren’t potential in decentralized functions (dapps) at this time. New builders and challenge groups with good contracts already deployed on Ethereum can start migrating to the OMGX public testnet at this time. A devoted OMGX onboarding staff will help builders to make sure a clean transition. As well as, OMGX will provide alternatives for neighborhood participation in offering liquidity and working the community in return for staking rewards.
“We’re thrilled in regards to the imaginative and prescient of OMGX, which brings us again to OMG’s core mission of scaling Ethereum,” mentioned Clement Ip, Associate at (GBV), dad or mum firm of OMG Community. “With the ability to broaden the probabilities of dapps whereas providing compelling tokenomics and incentives means the world to us. We’re extremely grateful to the neighborhood for bringing Ethereum to the place it’s at this time. OMG and the way forward for ETH scaling are in good palms with Enya.”
To study extra about Enya go to. To construct on the brand new OMGX platform, go to .
Based by a staff of Stanford college and alum, Enya is a pioneer of software program frameworks that simplify the development of decentralized apps, prioritizing privateness from first rules. By embedding cryptographic privateness into decentralized apps, Enya returns management of delicate knowledge to its rightful proprietor — the person. Enya is a part of a rising neighborhood that believes now could be the time to bake privacy-preserving know-how into the broader infrastructure of the web. The ideas of decentralizing management and restoring the facility to the person are the core causes for creating Enya’s computational framework. To study extra, go to or join with Enya on and .
About OMG Community
Established in 2017 underneath the model title OmiseGO, OMG Community permits open monetary providers which can be quick, reasonably priced, and safe. The OMG Community is the quickest and most reasonably priced strategy to switch ETH and ERC20 tokens globally and with out restrictions. For extra data, go to.
Lynh Severson – Enya.ai
Blaine Johnson – OMG Community
SOURCE Enya Inc.