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About OctaSpace
“Octa. Space project is a cloud platform for distributed computing, storing and serving data, providing VPN access and so on, also it?s provides the transparent and easy to use mechanismes and interfaces to solve heavy tasks by utilizing CPU and GPU resources of the nodes connected around the world.
Layer 1 blockchain network (PoW) is used for the financial operations using OCTA cryptocurrency.
To reduce operational costs, decrease commissions and increase the speed of transactions the dedicated layer 2 (PoA) network is used.
We have recently launched our mainnet on June 19 2022 and made the following functionalities available:
- CPU rental for high-priority CPU-bound workloads such as Search algorithms, Video/Audio/Content conversion/compression algorithms, Video streaming, Heavy mathematical computations etc.
All these services are provided by community nodes that are set up (The node owner determines the price for the rental) and payment of services by those renting the service is done in the native coin (OCTA) to the node owner.
“
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