About Ogma Network (OGMA)
Ogma’s cross-chain bridge allows you to trade digital assets between different blockchains in a 100% decentralized way. Ogma interconnects blocks from different blockchains and allows exchanges to be made quickly and securely between all existing chains.
We provide a new solution for cross-chain exchanges that is easy to use and cost-effective.
* Trade digital assets quickly and easily
* An adapted and accessible cross-chain solution for everyone
* Reduced transfer fees on different blockchains
* DApps supported across multiple platforms
How does it work?
Cross-Chain Transfer Protocol (CCTP):
CCTP is a protocol to connect decentralized applications (DApps) anonymously and securely on any blockchain.
This is made possible with API calls from any blockchain.
Ogma’s cross-chain validator nodes allow transfers between different blockchains to be safe. The consensus mechanism used is the delegated proof of stake (DpoS). The users elect the validators.
The status of the blockchains is recorded in Ogma’s cross-chain system once it is known.
Nodes must collectively approve the current transaction to transfer assets between different blockchains.
Once the transaction is approved, assets can be transferred safely between blockchains.
Safety & Decentralization:
Ogma’s cross-chain safety relies on its decentralized nature and on its BFT (Byzantine Tault Tolerant) consensus algorithm.
This algorithm is optimized for low overload time and reduces the impact of faulty nodes during an asset transfer.