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The Octopus Network's core technology is trust-minimal blockchain interoperability. Octopus Relay, a set of smart contracts on the NEAR blockchain, provides leased security to appchains, enabling interoperability with NEAR and other appchains. Appchains can also connect with external blockchains through bridges on NEAR or directly through the IBC pallet. Users can provide security to an appchain by staking $OCT tokens in the Octopus Relay. Validator nodes sync the validator set from the Octopus Relay and form a quorum to achieve consensus on block production. Malicious validators can be challenged through fraud proofs, resulting in the slashing of their staked $OCT tokens. This mechanism ensures the economic security of appchains through $OCT staking in the Octopus Relay.

Issue Time
1970/01/01
Initial Price
US $ 0.10464760
*流通/最大
0/100.00M
*流通率
0.00%
ROI -95.53%
$0.10464760$7.02358152
Low · 2023/09/132023/09/13 · High

*信息

What is OracleChain and its role in the blockchain ecosystem?

OracleChain is the world's first application built on an EOS ecosphere. It aims to efficiently connect blockchain technology services with real-life scenarios in the Oracle ecosystem. By adopting the autonomous Proof-of-Reputation & Deposit mechanism, OracleChain serves as a fundamental service for other blockchain applications. It provides Oracle services for both real-world data and cross-chain data. OracleChain can perform the functions of prediction market applications like Augur and Gnosis, as well as support smart contract businesses like Robo-Advisor that require high-frequency access to external data. The mission of OracleChain is to link the real world with the blockchain world by creating an infrastructure that facilitates data connectivity within and beyond the blockchain.

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