WHY OCTOPUS NETWORK APPCHAINS are an answer to KUSAMA/POLKADOT parachains

Hello everyone.
Please allow me to present the Octopus network, which is on marketing network for launching and running web3 application specific blockchains, we call them appchains for short.
Why appchains is so important that we think is necessary to develop the octopus network to serve them, because we believe that the main reason why web3 application, have been not widely adopted is the poor user experience, which associated with smart contract technology, compared with smart contract. appchains have three factors.

The first is performance. Each appchain in PoS setting well independently enjoy 1000 TPS and computation cost is very low.
The second is that developer can customise the entire tech stack of an appchain to fully optimised for a specific use case, while dapps have to follow the unified settings from the public blockchain. The third is that appchains can evolve quickly

Each appchain is a self governed economy with code define process to reach agreement protocol, upgrades, either for eliminating defects or changing the economic rules thanks to substrate the basic function of on- chain governance is ready for use. And the equivalent network could borrow the governance process from others by copy paste code blockchain governance itself will evolve, like open source software. While substrate and the cosmos SDK have decreased the development cost of appchains, majorly human capital, to a comparable level with smart contract. It's time to shift attention to another hurdle to web3 innovation, appchains bootstrapping is a complex job, and quite capital consuming.

Here comes Octopus network, a brand new marketing network born to bootstrap appchains by providing flexible leased security out of the box, interoperability,one-stop infrastructure, and a ready to be engaged community. Octopus network will decrease the capital expenditure to bootstrap an appchain by 100x, unleashing a new wave of innovation on web3.

By border to environment, another machine at work, we are pumped out and cosmos has been around for years, because there's no marketing network dedicated to serve appchains, Polkadot is the natural choice of substrate based,its architecture and economic model actually do not accommodate appchains popped out perishing NASA for the consensus cost overshot.

This means 10s of millions of dollars for each year. Well a generic platform para chain could host 1000s of appchains of application to share the consensus cost,it is not economically feasible for applications specific parachains to bear this cost on itself. For Cosmos its developer have to bootstrap PoS security on their own ,a time and capital consuming work.

Polygon may seem like an option, but in fact, is still about smart contract, not application specific blockchain. Where a whole blockchain is dedicated to our special application is absurd to inherit the smart contract paradigm giving up variable customizability and evolvability like what some sidechains at work to for now.

In Octopus network, each appchains decide his own economic model, including how many tokens they are willing to pay to validators for security, and it is the token holders responsibility to decide which option, they'd like to stake on. So, as octopus network is working as a free market for security leasing the core of the network is Octopus relay, which is a set of smart contract, running on the Near blockchain, that implements the security leasing market, octopus network as sitting on the demand side of the market. They pay rent, in their native token to lease security from OCT holders.

There are two types of participant, sitting on the supply side of the market. Appchain validators and appchain delegators.

Validators will stake OCT to an appchain in the relay and set up a node to run the appchain protocol while delegators or delegate their OCT to validator for reward sharing. The appchain protocol will reward validators and delegators by distributed that distributed in their native tokens. Validators that fail to keep their nodes up and running will lose part of the rewards.

If any validator act maliciously in appchain consensus process, anyone, but most likely honest validator can challenge them by submitting fraud proof to octopus relay,the malicious actor(s) stakes will be slash, by working in this way,security is ensured by the appchain and the security level is proportional to the total value of the staking.

Meanwhile, Octopus relay, enable appchain, interoperable within near protocol, and with either Rainbow Bridge,an appchain could utilise an out-of-the box IBC pallet to connect with any IBC enabled blockchain directly that means any asset issued either Near or any other IBC enabled blockchain could be transferred into and utilised by octopus appchains. Asset issued on appchain could be transferred out to Ethereum, NEAR and IBC enabled blockchain, in a trustless way.

What's more, Octopus network provides a complete set of infrastructure to appchains, including API gateway, that means RPC gateway, just like infura ,you get a blockchain explorer, archive gateway and NUP141, write per contract for each native token of appchain. This will make our team native token to be integrated by wallets and exchanges with without any difficulties.

So what the appchains team only need to do substrate runtime and front end development and octopus network will be responsible for all the other technical works.

Architecture design, Octopus network, covered with processing power of the near protocol, make it easy to run hundreds of appchains at the same time, and appchains do not need to pay any admission fee to enter our first network.

Learn more

https://oct.network/