Bybit LearnTopicsLatest HappeningsBlogBybit GuidesExpertsEcopedia
Log In
Sign Up
Topics BlockchainCurrent Page

Omni Network (OMNI): An L1 Blockchain Connecting All Rollups

Intermediate
Blockchain
Explainers
Altcoins
May 27, 2024
7 min read
0

Though Ethereum is one of the leading blockchains in the crypto space, it doesn't always function as a standalone chain. Most modern web3 projects use third-party blockchains to expand Ethereum's capabilities and add more services to the main chain. Omni is a great example of a protocol layer that makes Ethereum even more versatile. Its rollup and communication technologies make the entire Ethereum ecosystem more interoperable and scalable. This guide takes a look at the fascinating way that Omni’s important network functions.

Key Takeaways:

  • A Layer 1 blockchain network built to improve Ethereum's capabilities, Omni functions as an integrated rollup layer. 

  • Omni allows various rollups on Ethereum to communicate seamlessly with each other.

  • Looking to trade Omni tokens? Bybit now offers the OMNI/USDT Spot pair.

Grab Up to 5,100 USDT in Rewards

Also, enjoy 555% APR on Bybit Earn products!

Start Earning Now