The backbone of today’s internet infrastructure is controlled by a handful of centralized cloud computing providers that process and store essentially the entire world’s data. As these providers gain more market share each year, the cost of computing continues to rise, and it reduces the number of services that can operate. A monopoly is forming.
A problem is waiting to be solved. OctaSpace wants to take a fundamentally different approach to this problem by leveraging the vast amounts of spare, unused computing power that is distributed across the globe and remains idle.
By building a scalable, decentralized computing system that presents itself as a unified entity to end users, OctaSpace aims to disrupt the cloud computing industry with a more cost-effective, transparent, and sustainable solution.
This review of OctaSpace – OCTA was created for informational purposes. This article is not intended for promotion.
The OCTA VPN team is led by two key individuals:
Together, Artem and Tarik’s combined skills and vision drive OCTA VPN forward as a leading choice for those seeking online privacy and freedom.
At the core of the OctaSpace platform is an innovative multi-layered blockchain architecture designed for both security and performance:
This unique blockchain infrastructure is under the hood of OctaSpace, making it possible to deliver a secure, stable, and efficient platform for decentralized cloud computing.
OctaSpace enables anyone to monetize their spare computing resources by operating a node on the network. Whether it’s CPU/GPU power, storage, or network bandwidth, node owners can generate income by renting out these resources to users who need them for compute-intensive tasks.
The platform’s user-friendly OCTA CORE and Application Layer make it simple for service providers to build and deploy applications on top of the node infrastructure.
Experience unrivaled online privacy and security with OctaSpace VPN. You can easily download OCTA VPN on multiple platforms:
Whether you’re on your phone or computer, OCTA VPN has you covered with easy downloads from the major app stores and browser extension galleries.
To become a node operator, users need to install special software called ORC (OctaSpace Resource Controller) on their Linux machines. This software allows the OctaSpace control layer (OCTA CORE) to securely communicate with the user’s machine and manage its resources.
There are two types of nodes users can run on OctaSpace:
From distributed GPU rendering and machine learning to decentralized file storage and VPN services, OctaSpace provides a wide range of cloud computing use cases for node owners to contribute to. If you are looking to contribute computing power, be sure to check our guide.
To maintain the integrity of the network, all nodes must pass a verification process to ensure they meet the necessary requirements. This includes checks for minimum hardware specs, system clock synchronization, open network ports, and proper GPU drivers (if applicable).
To ensure the safety of node operators, OctaSpace has implemented several security measures:
Node operators can run the software on a wide range of hardware, from basic computers meeting minimum specifications (1 CPU, 1 GB RAM, 10 GB storage) up to powerful machines with multiple GPUs for AI/ML tasks. Both NVIDIA and AMD GPUs are supported.
By running a node, users can earn rewards in OCTA for supporting the network and providing computing resources. This allows them to monetize their unused hardware and helps make the OctaSpace ecosystem more robust and decentralized.
OCTA, the native cryptocurrency of the OctaSpace network, serves as the primary payment instrument for services and node operator rewards. To maintain stable inflation levels, OctaSpace implements a finite monetary policy consisting of eras with gradually reducing block rewards. For more information, check out their whitepaper.
This controlled supply model ensures the long-term sustainability of the OCTA economy while still providing attractive incentives for network participants. Node operators can further boost their rewards by participating in staking, which helps to secure the network.
OctaSpace’s staking system is designed to reward users for supporting the network by locking up collateral and running reliable nodes. To participate in staking, a user must link a wallet address containing at least 100,000 OCTA to an existing node that maintains a minimum reliability of 75% over the last 30 days and is in a verified status.
Staking offers several key benefits for both the OctaSpace network and its users. By participating in staking, users actively contribute to the security and stability of the network.
Stakers are incentivized to run reliable nodes, ensuring a robust and decentralized infrastructure. In return for their support, stakers can earn passive income through regular reward distributions.
The future could look bright for OctaSpace as they want to harness the untapped potential of the world’s computing resources. In this way, decentralized cloud computing becomes accessible and affordable for everyone. It may be used by individuals and businesses that see this as a viable way to embrace this revolutionary approach, taking back the monopoly of computing services and putting it in the hands of the people.
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