The OMG Network consists of three components interacting together:
- The OMG Smart Contracts
- The Child Chain
- The Watcher
PlasmaFramework Smart Contract
Deployed to the Ethereum network, the
PlasmaFramework contract can be seen as a top-level contract containing other smart contract level functionalities, namely deposits, exits and the receipt of blocks from the child chain.
Run by the OMG Network, the child chain application maintains the network state. It receives users' transactions and bundles them into blocks that are submitted to the
Watcher application continuously monitors the child chain – validating its behavior and reporting any inconsistency or malicious behavior to subscribed users. Watchers can be run by anyone. The bigger the number of running Watchers, the safer the network.