RATE Group | Tether Sponsors New Version of Bitcoin Tokenization Layer Omni
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Tether Sponsors New Version of Bitcoin Tokenization Layer Omni

15 Dec Tether Sponsors New Version of Bitcoin Tokenization Layer Omni

Posted at 20:47h in Bitcoin News by

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Tether, the stablecoin operator behind USDT, has funded the development of the new version of Bitcoin (BTC) tokenization layer Omni.

In a press release shared with Cointelegraph on Dec. 15, the companies announce the release of Omni Core 0.7.0, the development of which was sponsored by Tether. The new version reportedly enhances network performance and fixes locking issues and Remote Procedure Calls.

The Omni protocol is a system running on the Bitcoin network that allows the creation of tokens on what is widely believed to be a secure network. Omni is also the platform that hosted the first USDT tokens. The official website further explains how the technology makes use of the Bitcoin blockchain:

“Omni Core is an enhanced Bitcoin Core that provides all the features of Bitcoin as well as advanced Omni Layer features.”

An Omni-based decentralized exchange

More interestingly, Omni Core 0.7.0 enables the building of an on-chain decentralized exchange. The new version of the Omni…

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