Simply, the legitimacy of all on-chain states and operations can be equivalently verified and recorded simultaneously over different consensus spaces, regardless of where they were initiated. That’s why we call the new token protocol OMNI-UTXO.
Usually, UTXOs are used in bitcoin for validating transactions and also calculating the total sum of all the UTXOs locked to an address.
In my understanding, the new token protocol "O-UTXO"you elaborated serves same purpose as UTXOs, so my question here is, what different purpose does this new protocol serves, or is it the modification of UTXOs?
And also, is O-UTXOs also stored in chainstate database?