Octopus Network

Complete guide on Octopus Network (OCT) Token. What is it, price and yields

Octopus Network Exchanges

Exchange Market Pairs Buy
Huobi Global BTC/USDT -
Gate.io BTC/USDT -
Uniswap (V2) GAME/WETH -
MEXC LTC/USDT -
Ref Finance GOLD/ELIXIR -
CoinEx NMC/USDT -
Bibox XEM/USDT -
Hoo MIM/USDT -
BingX MLN/USDT -
Jubi XAS/USDT -
The core technology of the Octopus Network is minimal trusted blockchain interoperability. Based on this, Octopus Relay, itself a set of smart contracts running on the NEAR blockchain, brings lease security to application chains and makes application chains interoperable with NEAR and other blockchains. application strings. Additionally, application chains can interoperate with blockchains outside of the Octopus network, via a bridge over NEAR, such as with Ethereum via a Rainbow bridge, or they can use the out-of-the-box IBC palette to connect directly with any IBC-enabled blockchain. you can provide security to a chain of applications by pointing $OCT tokens to Octopus Relay. Next, the validator needs to set up and run a validator node for the application chain, and the node will synchronize the set of Octopus Relay validators. Then all validating nodes in an application chain will form a quorum to reach a consensus on the production of blocks and will be rewarded with the application chain's native token. If one or more validators act maliciously in the consent process, any honest node can send evidence of fraud to Octopus Relay to challenge them. Once the proof of fraud is confirmed, the $OCT stakes belonging to the malicious actors will be cut off. Thanks to this mechanism, the security of an application chain is economically guaranteed by the participation of $OCT in Octopus Relay.