What is OctaSpace
What is the project about?
OctaSpace is Proof-of-Work blockchain based on go-ethereum code base. It's works in cooperation with internal PoA network that used for increase throughput of transactions for billing needs.
From utility point of view, OctaSpace is a public cloud platform, we build infrastructure and API on a top of hardware provided by users (not only) and implementing services like GPU marketplace, VPN access and application deployment.
What makes your project unique?
We focusing to be mostly open sourced and transparent, services we developing can be widely used to solve tasks from AI and ML fields, CGI and common rendering, password recovering and any other where huge computer powers and distributed environment is necessary.
History of your project.
Initially project started at 2020 as an idea to implement Proof-of-Concept of distributed system that able execute tasks and applications. Then first system was ready, we faced with problems related to scalability. Future development was stopped.
In June 2022 project reborn with new core that eliminates problems we faced during PoC creation and now it's provide us possibility to implement initial ideas.
What’s next for your project?
In future plans we focusing on research and implement new services which would be useful for the end users and can be monetized.
Also as a permanent task we working on improving API to access our services and improving UI of our products for better user's experience.
What can your token be used for?
OCTA is the main payment instrument and the currency used to pay for the services provided by the project,
rewards to node owners and dividend payments for OCTA holders.
OctaSpace vs Stoic
It's almost impossible to predict which cryptocurrency will eventually emerge as the leader.
There is no guarantee that In 5 years, OCTA would still even exist. Another faster and cheaper blockchain might capture the majority of developers, users, and capital. Or some critical failure of OCTA might derail its progress.
Because the probability of guessing the winner is low, it's better to use a portfolio approach and buy all possible contenders, including OCTA.
Stoic builds a portfolio by using hedge fund-grade quantitative research and AI to build a portfolio of crypto assets.
The algorithm analyzes price data, returns, volatility, correlations, and other factors to identify coins that are likely to go up. It then rebalances the portfolio daily to cut losses early and take profits regularly. Stoic is a great alternative to researching coins and trading manually.
Over 12,000 people already use Stoic to automate their crypto investing.