What is Omni Network (OMNI)?

Bittime - Omni Network (OMNI) is a blockchain project focused on interoperability and transaction execution efficiency.

The question “What is Omni Network (OMNI)” becomes relevant because the project offers a new approach to how the EVM network operates, by separating the execution and consensus layers to achieve better speed and scalability.

Omni uses Ethereum's Engine API technology and the CometBFT consensus system to create a network capable of processing transactions quickly without compromising security.

This project is here to answer the needs of developers who want to maintain EVM compatibility while still getting high performance.

With its modular structure, Omni Network paves the way for increased efficiency and flexibility, making it one of the networks to watch in the blockchain infrastructure sector.

History and Rebranding to Nomina (NOM)

Omni Network was initially launched to provide an execution platform for decentralized applications (dApps) with fast finality.

As it progressed, the development team announced a major change in the form of a rebranding toNomina (NOM). 

This move reflects the project's new direction, which now focuses on developing an integrated trading terminal and expanding the product ecosystem.

This rebranding was also followed bymigrasi token OMNI ke NOM, which is done through a swap mechanism on a number of large exchanges.

Existing token holders are required to follow the exchange's instructions to ensure a smooth conversion. This name change isn't merely cosmetic; it also marks network feature enhancements and a renewed focus on the token's economic direction.

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Omni Network Architecture and Technology

Omni Network carries the conceptmodular design, which separates the execution and consensus functions.

On the execution side, the network runsEthereum Virtual Machine (EVM)like other popular blockchains, so developers can easily move smart contracts without major changes.

But what sets Omni apart is its consensus layer which usesCometBFT(a variant of Tendermint) which is integrated throughABCI++This combination enables much faster transaction finality and high throughput.

This approach reduces the load on the execution layer and allows for updates without major disruptions, making it an easy system to upgrade in the future.

Tokenomics and Migration of OMNI Tokens to NOM

Before changing the name,OMNI tokenserves as an incentive tool for validators, transaction fee payments, and network governance. After the rebranding, the team launchedToken Nomina (NOM)as a replacement for OMNI with a new, more efficient economic structure.

Major exchanges like Binance and several other platforms support it.automatic swap from OMNI to NOMThis mechanism helps maintain liquidity and avoid confusion among users.

Token holders are advised to monitor the exchange's official announcements to confirm the swap schedule, as well as to ensure their old tokens are properly converted before the specified deadline.

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Ecosystem and New Product Focus: Nomina

After rebranding toAppointment, this project expands its vision by introducingtrading terminalwhich is directly integrated with the network. The goal is to provide a faster and more secure digital asset trading experience.

In addition to the terminal, Nomina is also developing cross-network interoperability features, supporting integration with DeFi protocols and other decentralized finance applications.

With CometBFT's fast finality support and EVM compatibility, Nomina has the potential to be a backbone for developers looking for efficient infrastructure without leaving the Ethereum ecosystem.

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Market Risk and Potential

Since its launch, the OMNI token has exhibited high market volatility. The rebranding and token migration phase impacted trading volume, as some exchanges closed legacy OMNI pairs before opening NOM trading.

Investors should be wary of sudden price changes during the transition period and always verify the listing status on the exchange where they trade.

The potential of Omni technology remains exciting, particularly because of its approach to modularity and efficiency.

However, technical and regulatory risks still need to be considered, especially for long-term investors who assess projects based on their roadmap and development sustainability.

Conclusion

Omni Network is a project that combines EVM compatibility with high performance through modular technology and CometBFT consensus.

RebrandingNomina (NOM)marks a new chapter that focuses more on user experience and efficiency of digital asset trading.

For users and investors, it's important to understand the details of the token migration and follow official announcements from the project team or exchanges where the token is traded. With a mature technical approach and clear product direction, Nomina has the potential to strengthen Omni Network's position in the global blockchain ecosystem.

FAQ

What is Omni Network (OMNI)?

Omni Network is a blockchain network that combines EVM with CometBFT consensus to improve transaction speed, scalability, and security. This project has now evolved into Nomina (NOM).

How is Omni Network different from other EVM blockchains?

The main difference lies in its modular architecture. Omni separates the execution and consensus layers, allowing developers to use the standard EVM with faster transaction finality without changing smart contract code.

What is the purpose of rebranding Omni to Nomina?

The rebranding was carried out to expand the ecosystem and introduce new products such as a trading terminal and cross-network interoperability services. The new NOM token replaces the OMNI token.

How to migrate from OMNI to NOM?

The migration process is carried out via an automated swap on several major exchanges. Token holders simply need to ensure their OMNI balance is on a supported exchange for the tokens to be converted to NOM according to the announced schedule.

Can OMNI tokens still be traded?

Most exchanges have stopped trading the OMNI token and replaced it with the NOM trading pair. It's recommended to check the exchange's official announcement before making any transactions.