OCTIUM - An Important Blockchain Network Providing Diverse Schemes

OCT Chain, a PoA-based public blockchain platform

OCT Chain aims to solve the challenge of programmability and interoperability in a practical way. The innovative PoA consensus mechanism allows the chain to be synchronous and asynchronous. Through this, it provides the infrastructure for short-block time and lower fees. The double-signature team is formed of exceptionally high reputation holders in order to provide trustworthiness and stability.

Decentralized OCT Chain

OCT Chain is a blockchain platform that allows users to create decentralized applications using the EVM. OCT Chain has a dual-chain architecture, meaning that it uses two separate chains for its functionality. The first chain is called the STAKES, and it supports fast, low-fee transactions. The second chain is called the DAPPS, and it focuses on building decentralized applications.

The OCT Chain will be interoperable with Ethereum tooling like Truffle and Metamask, which means that you can integrate your existing smart contracts into the system without having to change their code or rebuild them from scratch. In addition, the OCT Chain has a Proof of Staked Authority (PoSA) consensus algorithm that allows you to staking your tokens in order to become a validator candidate and receive dividends from your participation in the network.

EVM Compatibility means that users can take advantage of all of the existing Ethereum tooling along with faster finality and cheaper transaction fees when building dApps using this platform. Interoperability means that users can also enjoy efficient native dual chain communication; optimized for scaling high-performance dApps that require fast and smooth user experience

Octium Decentralized File Storage benefit

The Octium protocol is a decentralized file storage network that allows users to earn money for renting out their hard drives and unused space.

It’s a great way for people who use cloud storage services like Dropbox and Google Drive to earn extra income by renting out empty space on their drives.

OCT Tokonomics

Octium Future

The Octium project is a decentralized file storage network that aims to provide a more efficient, secure, and cost-effective alternative to current centralized cloud storage solutions.

The Octium protocol is a decentralized file storage network that aims to provide a more efficient, secure and cost-effective alternative to current centralized cloud storage solutions. The protocol will be powered by the OCT Chain blockchain platform which will provide peer-to-peer data sharing, as well as an immutable ledger of ownership for files.

Conclusion

Octium is a protocol for decentralized computation and storage. It will enable the construction of decentralized applications (DApps) that are self-governed, self-sustaining, and secure.

The Octium protocol is designed to be an open source framework that allows for the creation of DApps. The framework is designed to be modular in nature so that it can accommodate various types of decentralized applications.

FOR MORE INFO

Website : https://octium.io
Whitepaper : https://docs.octium.io/#/
Telegram :https://t.me/octium_official_group
Twitter : https://twitter.com/octium_io

Author:

Bitcointalk Unsername : Bobonmo
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BEP-20 Address : 0x7aE4E6aA1737d1539a622A3540CdC54B00F73B73