CRYPTO REVIEW : OCTASPACE ($OCTA) :

Introduction to OctaSpace

Unlocking the potential of shared hardware and maximizing limited resources efficiently stands as a fundamental pillar of contemporary technological progress. While owning individual hardware offers benefits, it comes with drawbacks such as high costs, underutilization, and maintenance burdens. OctaSpace tackles these challenges by introducing a decentralized cloud node infrastructure, transforming distributed computing with its Layer 1 and Layer 2 blockchains.

OctaSpace is a decentralized cloud computing platform built on blockchain technology. It allows individuals and businesses to rent out their unused computing resources in exchange for crypto currency payments, creating a more cost-effective and sustainable alternative to traditional cloud computing services.

OctaSpace’s Blockchain Network :

Layer 1 Network:

• OctaSpace operates a Proof-of-Work (PoW) blockchain for frontend user financial operations utilizing the native coin $OCTA.
• Built on the go-ethereum codebase with the following specifications:
  • Block time: 15 seconds
  • Block reward and halving follow Monenary policy
  • Utilizes PirlGuard for protection against 51% attacks
  • Transaction fee set at 21 Gwei

Layer 2 Network:

• OctaSpace integrates a Layer 2 Proof-of-Authority (PoA) network as a side chain to the Layer 1 network.
• This PoA network facilitates internal transactions related to node services and is upheld by a designated group of validators.
• Leveraging the Layer 2 PoA network enhances transaction speed and efficiency, contributing to a seamless user experience and optimized platform performance.

Products of OctaSpace :

• 𝑹𝒆𝒏𝒅𝒆𝒓𝒊𝒏𝒈 : OctaRender is a cutting-edge distributed rendering platform, leveraging Octa’s global network of nodes and packed with a plethora of features, supporting multiple rendering engines. OctaRender supports both GPU and CPU rendering.

• 𝑽𝑷𝑵 : OCTA VPN offers a variety of key benefits to its users. One of the main advantages is its ease of setup, which is made possible by utilizing non-modified and open-source software that is compatible with a wide range of platforms.

Additionally, users have the flexibility to choose from a variety of VPN technologies to suit their needs, including: -WireGuard, ShadowSocks, OpenVPN.

Focus Areas & Key Offerings :

Focus Areas:

• Provide intuitive node descriptions and user-friendly task interfaces.
• Establish a GPU-centric computer instance rental marketplace.
• Optimize application deployment for enhanced end-user proximity.
• Implement distributed data storage and CDN services.
• Enhance global accessibility to OctaSpace.

Key Offerings :

1. Simplified File Storage
2. Access to Global CPU/GPU Resources
3. Hardware Rental Opportunities for Earning
4. Secure Data Handling via $OCTA VPN

Tokenomics :

𝑷𝒓𝒊𝒄𝒆: $2.22
𝑴𝒂𝒓𝒌𝒆𝒕 𝑪𝒂𝒑: $66.6million
𝑪𝒊𝒓𝒄𝒖𝒍𝒂𝒕𝒊𝒏𝒈 𝑺𝒖𝒑𝒑𝒍𝒚: 30 million
𝑻𝒐𝒕𝒂𝒍 𝒔𝒖𝒑𝒑𝒍𝒚 : 31.20 million
𝑻𝒐𝒌𝒆𝒏 𝑻𝒊𝒄𝒌𝒆𝒓 : $OCTA

Price Action Q3 2024 :

$1.5 has been a crucial S/R level for $OCTA throughout 2023.

After reaching the ATH around $2.4 , even in the price drop, Octaspace managed to stay above this support region. A constant presence of an uptrend line showcases how $OCTA has grown gradually in its journey

𝐂𝐨𝐧𝐜𝐥𝐮𝐬𝐢𝐨𝐧 :

OctaSpace offers a compelling vision for the future of cloud computing by leveraging blockchain technology to create a decentralized and efficient platform. By allowing users to rent out unused computing resources and businesses to access them at competitive rates, OctaSpace tackles the limitations of traditional cloud services.

The platform’s layered blockchain architecture ensures secure and scalable operations, while the $OCTA token incentivizes participation and fosters a robust ecosystem. With its focus on user-friendliness and a range of services like rendering and VPNs, OctaSpace positions itself as a strong contender in the decentralized cloud market.