icon - Octopus Network
OCT Octopus Network
-11.57%
$ 0.02651417
Rank
Name
Price
CAP
Volume 24h
Circulating supply
Change 24h
Graph (7d)
  • 654
    Octopus Network
    $ 0.02651417
    $ 2,651,417
    $ 61,443
    0 OCT
    -11.57%

Octopus Network. Price of cryptocurrency: $ 0.02651417

The core technology of the network is trust-minimal. Octopus Relay is a set of smart contracts running on NEAR that makes appchains compatible with NEAR and other appchains. There are people in this picture Any person can provide security to an appchain with the help of $OCT. After that, the validator should set up and run a validator for the appchain, and then sync the validator set from the Octopus Relay. The appchain native token will be given to the validators who form a quorum to reach consensus on block production. If one or more validators act in a way that is not in line with the consensus process, any honest node can submit a fraud proof to the Octopus Relay to challenge them. The $OCT belonging to the malicious actors will be slashed if the fraud proof is confirmed.