British Virgin Islands, December 13, 2019 – Tether, the blockchain-enabled platform that powers the largest stablecoin by market capitalization, and the Omni Layer, the primary open source fully-decentralized asset platform on the bitcoin blockchain, have unveiled the release of Omni Core 0.7.0 to further expand innovation on the bitcoin network.
The release of Omni Core 0.7.0, which has been finalized by Omni Core maintainer dexX7 and Peter Bushnell, the creator of Feathercoin, incorporates a variety of features to enhance the performance of the network, and enables the activation of an on-chain decentralized exchange. The release includes the integration of all Bitcoin Core 0.18.1 improvements into Omni Core.
“As bitcoin is the first blockchain that Tether used, Omni Core is highly valued and demonstrates good levels of security,” said Paolo Ardoino, CTO at Tether. “It is important to note that Tether is underpinned by diversity in different blockchains, of which Omni Core has proven to be an important component.”
Omni Core 0.7.0 is a major release and changes the code base of Omni Core from Bitcoin Core 0.13.2 to Bitcoin Core 0.18.1. Once consensus affecting features are enabled, this version is no longer compatible with previous versions. An upgrade from previous versions will be required. Omni Core 0.7.0 enhances its distributed exchange and supports trading of any asset or token for bitcoin. The latest version of Omni Core also fixes locking issues and Remote Procedure Calls (RPCs) for funding transactions as well as omni_listtransactions.
The announcement from the Omni Foundation and additional updates can be found on the Omni Foundation Blog:
Release notes for the upgrade to Omni Core 0.7.0 can be found on GitHub: https://github.com/OmniLayer/
The benefits of further collaboration between Tether and Omni extend from the respective organisations to the digital asset space as a whole. Tether chose Omni as the initial asset issuance platform in 2014 because of its unparalleled capability and reliance on the security of the bitcoin blockchain hashpower. The combined innovation enabled by Tether and Omni will facilitate faster transactions, reduced fees and increased collaboration.
In addition to Tether’s collaboration with Omni, Tether also works with Ethereum, EOS and Tron. Tether is driven to support and empower growing ventures and innovation in the blockchain space.
Created in October 2014, Tether was the first stablecoin in existence, and remained the sole stablecoin in the market until March 2018. Tether is disrupting the legacy financial system by offering a more modern approach to money. By introducing fiat currency-digital cash to the bitcoin and Ethereum blockchains, Tether makes a significant contribution to a more connected ecosystem by adding digital currency benefits, such as instant global transactions, to traditional currency and traditional currency benefits, such as price stability, to digital currency. With a commitment to full transparency and compliance, Tether is the most secure, fastest and lowest cost way to transact with money.
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ABOUT OMNI LAYER
Omni Layer is an open source asset issuance and smart contract protocol that runs on top of the bitcoin network, functioning as a meta-layer of bitcoin. Omni uses the available space in the bitcoin OP_RETURN mechanism to create an Omni Protocol ledger for tokens and smart contracts as an application layer on the bitcoin ledger. In this way, Omni leverages the on-chain hashing power and security of bitcoin’s Proof of Work system.
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