OctaSpace Price

About the coin

OctaSpace is a blockchain project based on the go-ethereum code base, utilizing a Proof-of-Work consensus mechanism. It operates in conjunction with an internal Proof-of-Authority network to enhance transaction throughput for billing purposes. The project aims to provide a public cloud platform by building infrastructure and APIs on top of user-provided hardware. This includes services like a GPU marketplace, VPN access, and application deployment.

Main features

OctaSpace distinguishes itself by focusing on open-source and transparent services. The platform is designed to address tasks in fields such as Artificial Intelligence (AI), Machine Learning (ML), Computer-Generated Imagery (CGI), and other areas requiring substantial computational power and distributed environments. The project initially began in 2020 as a Proof-of-Concept for a distributed system capable of executing tasks and applications. After overcoming scalability issues, the project was revitalized in June 2022 with a new core that supports its original objectives.

How it works

The OCTA token serves as the primary payment instrument within the OctaSpace ecosystem. It is used to pay for services offered by the project, reward node owners, and distribute dividends to OCTA holders. The project is continuously working on researching and implementing new services that can be monetized and improve user experience. Enhancements to the API and user interface are ongoing tasks to ensure better accessibility and usability of the platform's offerings.