Octopus Network (OCT)

Basics

• Based in:
• Started in / Announced on:
• Testnet release:
• Mainnet release:
• From the website (3-1-2022):

"The Octopus Network is a multichain interoperable cryptonetwork for launching and running Web3.0 Substrate-based application-specific blockchains, aka appchains."

Audits & Exploits

• Bug bounty program can be found [insert here].

Token

Utility

• From Ansem's Q1 report (1-1-2022):

"If the Octo Network is able to effectively bootstrap many appchains, the $OCT token will benefit greatly from all of these chains needing the shared security of the Octo validator set."

Other Details

• Has an ERC20 and a NEAR NEP141 token version of its OCT (3-1-2022).

Technology

• Whitepaper or docs can be found [insert here].
• Code can be viewed [insert here].

Implementations

• Built on: NEAR
• Programming language used:

Transaction Details

• Capacity (TPS):
• Latency:

How it works

• From Ansem's Q1 report (1-1-2022):

"The Octopus Network is a multi-chain network designed to create an interoperable ecosystem of specialized appchains, which utilize the Octopus Network for security. Octo does not have its’ own blockchain, rather it is a set of smart contracts that live within the Octopus Relay on the NEAR blockchain, combined with a set of validator nodes that appchains will pay for security of their application. The plan for each of these appchains is for them to be built with the Substrate framework and a specialized front-end for their application. These appchains will also be IBC-compatible once the implementation of the Substrate-IBC Pallet is complete, as well as being able to communicate with other NEAR tokens as the Octo bridge will deploy a NEP141 wrapper contract for each appchain token."

Roadmap

• Can be found [Insert link here].

Competition

• From Ansem's Q1 report (1-1-2022):

"Its’ structure is similar to that of Polkadot, but it is much less expensive for appchains to bootstrap their networks on Octo than it is for parachains on Polkadot."

Team, Funding and Partners

Team

• Full team can be found [here].

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