OctaSpace
What is the project about? OctaSpace is a Proof-of-Work blockchain based on the go-ethereum codebase. It operates in cooperation with an internal PoA network used to increase transaction throughput for billing purposes. From a utility perspective, OctaSpace is a public cloud platform. We build infrastructure and APIs on top of hardware provided by users and other sources, and implement services such as a GPU marketplace, VPN access, and application deployment. What makes your project unique? We focus on being largely open source and transparent. The services we develop can be widely used to solve tasks in AI and ML, CGI and general rendering, password recovery, and any other areas where substantial computing power and a distributed environment are necessary. History of your project. The project initially started in 2020 as an idea to implement a proof of concept for a distributed system capable of executing tasks and applications. After the first system was ready, we encountered scalability issues, and further development was halted. In June 2022, the project was revived with a new core that eliminated the problems encountered during proof-of-concept development and now enables us to implement our initial ideas. What’s next for your project? Our future plans focus on researching and implementing new services that would be useful to end users and could be monetized. We are also continuously working to improve the API for accessing our services and the user interface of our products to provide a better user experience. What can your token be used for? OCTA is the primary payment instrument and the currency used to pay for the services provided by the project, rewards for node owners, and dividend payments to OCTA holders.
Overview
What is the project about? OctaSpace is a Proof-of-Work blockchain based on the go-ethereum codebase. It operates in cooperation with an internal PoA network used to increase transaction throughput for billing purposes. From a utility perspective, OctaSpace is a public cloud platform. We build infrastructure and APIs on top of hardware provided by users and other sources, and implement services such as a GPU marketplace, VPN access, and application deployment. What makes your project unique? We focus on being largely open source and transparent. The services we develop can be widely used to solve tasks in AI and ML, CGI and general rendering, password recovery, and any other areas where substantial computing power and a distributed environment are necessary. History of your project. The project initially started in 2020 as an idea to implement a proof of concept for a distributed system capable of executing tasks and applications. After the first system was ready, we encountered scalability issues, and further development was halted. In June 2022, the project was revived with a new core that eliminated the problems encountered during proof-of-concept development and now enables us to implement our initial ideas. What’s next for your project? Our future plans focus on researching and implementing new services that would be useful to end users and could be monetized. We are also continuously working to improve the API for accessing our services and the user interface of our products to provide a better user experience. What can your token be used for? OCTA is the primary payment instrument and the currency used to pay for the services provided by the project, rewards for node owners, and dividend payments to OCTA holders.