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About OCT

The core technology of Octopus Network is trust-minimal blockchain interoperability. Based on that, Octopus Relay, which itself is a set of smart contracts running on NEAR blockchain, provides leased security to appchains, and makes appchains interoperable with NEAR and other appchains. Furthermore, appchains can interoperate with blockchains outside the Octopus Network, either via bridges on NEAR, such as with Ethereum via Rainbow bridge, or they can utilize the out-of-the-box IBC pallet to connect with any IBC enabled blockchains directly.Anyone can provide security to an appchain by staking $OCT tokens in the Octopus Relay. After that, the validator should set up and run a validator node for the appchain, and the node will sync the validator set from the Octopus Relay. Then all validator nodes for one appchain will form a quorum to reach consensus on block production and be rewarded with the appchain native token. If one or more validators act maliciously in the consensus process, any honest node can submit a fraud proof to the Octopus Relay to challenge them. Once the fraud proof is confirmed, the staked $OCT belonging to the malicious actors will be slashed. By this mechanism, an appchain’s security is economically ensured by $OCT staking in the Octopus Relay.

Octopus Network (OCT) is a cryptocurrency launched in 2021. OCT has a current supply of 100.00M with 0 in circulation. The last known price of OCT is 0.171091903639 USD and is -0.006487766708 over the last 24 hours. It is currently trading on active market(s) with $96,151.48 traded over the last 24 hours. More information can be found at https://oct.network/.

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OCT Price Statistics
OCT’s Price Today
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OCT Market Cap
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OCT Price History
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Updated Jul 23, 2024 10:33 am
Octopus Network
Mkt Cap $0
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Frequently Asked Questions

  • What is the all-time high price of Octopus Network (OCT)?

    The all-time high of OCT was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Octopus Network (OCT) is 0. The current price of OCT is down 0% from its all-time high.

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  • How much Octopus Network (OCT) is there in circulation?

    As of , there is currently 0 OCT in circulation. OCT has a maximum supply of 100.00M.

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  • What is the market cap of Octopus Network (OCT)?

    The current market cap of OCT is 0. It is calculated by multiplying the current supply of OCT by its real-time market price of 0.171091903639.

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  • What is the all-time low price of Octopus Network (OCT)?

    The all-time low of OCT was 0 , from which the coin is now up 0%. The all-time low price of Octopus Network (OCT) is 0. The current price of OCT is up 0% from its all-time low.

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  • Is Octopus Network (OCT) a good investment?

    Octopus Network (OCT) has a market capitalization of $0 and is ranked #8091 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Octopus Network (OCT) price trends and patterns to find the best time to purchase OCT.

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