Octopus Network supports application-specific blockchains and security leasing.
Octopus Network supports Appchains with security leasing, cross-chain interoperability, and a community, using NEAR-based relay and validator staking for security.
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What is Octopus Network (OCT)?
Octopus Network is a new multichain platform designed to support application-specific blockchains, known as Appchains. It offers flexible and affordable security leasing, seamless cross-chain interoperability, comprehensive infrastructure, and an engaged community for the Appchains. The core of the network, Octopus Relay, comprises smart contracts running on the NEAR blockchain that facilitate security leasing. An Appchain is a blockchain built on Substrate for a specific decentralized application, which can be integrated with the pallet pallet-octopus-appchain to connect to the Octopus Network. OCT token holders can stake their tokens to become validators or delegators, helping secure the Appchains by validating transactions and delegating stakes to honest validators.
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Octopus Network price live information
As of now, Octopus Network is trading at 0.10122 USD, with a 24-hour trading volume of approximately 34.65K USD. The OCT to USD price is updated in real time. Over the past 24 hours, Octopus Network has increased by 8.8%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 10.12M USD. Currently, there are 100 000 000 OCT in circulation out of a maximum supply of 100 000 000 OCT.
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