- In June, crucial OmiseGO components have received updates
- The 0.2 version of the OmiseGO network, Samrong, has been significantly strengthened
- Changes were made to the business-oriented eWallet and Plasma scalability tool as well
According to a post on the official OmiseGO blog, June was a productive month for the project, with several core components receiving updates. Currently, the team is designing a high-throughput API for transactions.
OmiseGO and the challenges of scaling Ethereum
In May, OmiseGO team released the public alpha version of Samrong, 0.2 version of the OmiseGO network. The update, which required project partners to migrate their tokens from the previous release, Ari, is more reliable overall and more stable in high-load situations in particular. Another new feature of the 0.2 network is the support for EIP-712 signature standard, which allows the signatures to integrate with services like Metamask better.
During June, many bug fixes were introduced to Samrong. However, the main improvements in 0.2 network were made to Plasma.
What is Plasma?
Plasma has always been one of the main products of OmiseGO. In a nutshell, it is a framework that can potentially make blockchains like Ethereum more scalable by building a series of smaller blockchains on top of it. Theoretically, this solution can speed up Ethereum by a factor of 50 000, which would enable the biggest smart contract blockchain to process millions of transactions per second instead of the current 15-20.
During June, the Plasma development team released an updated version of documentation and tooling for compatibility. These included the upgrade guide, as well as brand new js-starter kit and demos. What’s more, Plasma’s integration has been improved as well.
OmiseGO and Ethereum
Not only OmiseGO network and Plasma were improved, but also the eWallet. It was designed by OmiseGO to make it possible for businesses and individuals to set up their own digital wallet services that leverages blockchain technology. The main improvements made to this component are the support for 2 factor authentication for administrators and small but important changes made to the admin panel.
Last but not the least, the team has now improved the integration with Ethereum by introducing low-level codes for sending ERC-20 tokens and Ether.