The stablecoin operator behind USDT, Tether starts funding the Omni Layer which is a new version of the Bitcoin tokenization layer. The company announces the release of Omni Core 0.7.0 through a press release. And, the entire development is going to sponsor by Tether. Reports come that the new version will reportedly enhance the network performance and fixes locking issues as well as procedure calls.

First of all, the Omni protocol is a system running on the bitcoin network. For the reason that it allows the creation of tokens on a secure network. However, Omni is also the platform that hosted the first USDT tokens. The official release from the company further explains how technology makes use of the Bitcoin blockchain. Omni Core, therefore, certainly is an enhanced Bitcoin Core that offers all the features of Bitcoin and advanced Omni Layer features.

Omni Layer: Decentralized Exchange Network from Tether

Most noteworthily, Omni Core 0.7.0 enables the building of an on-chain decentralized exchange. Omni protocol’s new version allows users to trade any on-chain asset for bitcoin. Upon asking, the Tether CTO Paolo Ardoino comments that Bitcoin is the first blockchain that Tether uses. However, Omni Core has high value and demonstrates good levels of security. It’s imperative to note that Tether supports diversity in different blockchains of which Omni Core plays an important component.

As reported earlier, Tether launched the USDT tokens in March of this year on the Tron Blockchain. Again the new reports came in late October that states nearly 12% of all the stablecoin’s supply moved to the new chain. More recently Tether also announces the launch of its USDT stablecoin on its fifth blockchain. Paolo Ardoino said to the press.

Seeing the vast acceptance and wider implementation, it is clear that the Omni-based decentralized exchange network is ready to serve the global clients more smartly and safely. What do you guys say? Will it or Will it not? Do comment!