octium

November 14, 2022

octium

What Is What is octium.io ??

OCT Chain is an innovative solution to bring programmability and interoperability to OCT Chain. OCT Chain relies on a system of PoA consensus that can support short block time and lower fees. The most bonded validator candidates of staking will become validators and produce blocks. The double-sign detection and other slashing logic guarantee security, stability, and chain finality.

What can I do with OCT Chain?
The purpose of the new blockchain and DEX is to create an alternative marketplace for issuing and exchanging digital assets in a decentralized manner.

You can:

Send and receive OCT
Issue new tokens to digitalize assets, and use OCT Chain as underlying exchange/transfer network for the assets

For developers, you can also:

OCT Chain, OCT boasts smart contract functionality and compatibility with the Ethereum Virtual Machine (EVM). The design goal here was to leave the high throughput of OCT Chain intact while introducing smart contracts into its ecosystem.

Because OCT is EVM-compatible, it launched with support for the rich universe of Ethereum tools and DApps. In theory, this makes it easy for developers to port their projects over from Ethereum. For users, it means that applications like MetaMask can be easily configured to work with TC. Seriously – it’s just a matter of tweaking a couple of settings. Check out Use MetaMask for OCT Chain to get started.

You can:

Send and receive OCT
Explore the transaction history and blocks on the chain, via OCT SCAN, API and node RPC interfaces.
Developers can also:

Issue new tokens to digitalize assets
Run a full node to listen to and broadcast live updates on transactions, blocks, and consensus activities
Develop wallets and tools to help users use Dapps
Get Started
Want to try it OCT Chain? Just give a peek at the first few of pages of the getting started guide.
You could also have a read through the FAQ.

Want to develop on OCT Chain? First, read through the FAQ and learn about tokens here.

Asset Management

OCT20 Asset
A token protocol on OCT which is compatible with ERC20. It extends ERC20 and contains more interfaces, such as getOwner and decimals. Read the full proposal here: https://github.com/OCT/OCT-chain

Issue OCT20
Wallet
OCT (and Other Coins) MainNet Switch
OCT Coin (OCT) was an ERC20 token on the Ethereum network.
After the launch of OCT Chain, OCT Coin (OCT) is being converted into native OCT tokens on the main network via the exchange platform at scan.octium.io, a pragmatic and efficient way to perform the initial token swap.

OCT Chain is ready for other projects to migrate their tokens to take advantage of performant transactions with more liquidity options and native marketplace features.

More information about how projects can set themselves up for this (via scan.octium.io or partners) will come soon.

Technology Details
Continue reading below if you are interested in what is happening under the hood!

OCT Chain as a Block Chain: about consensus, software stack, network layout and roles.
Run a OCT Chain full node: how to run a full node and become part of the p2p network of OCT Chain.

Acknowledgement
Thanks to the community, our partners and supporters.

Decentralised Exchange

A decentralised system called Octium_iois used to create and exchange digital assets. It employs Rice Token as its native token and is constructed on the Bitgert Chain (Brise) network. The Rice Protocol's first exchange, Rice Dex, is a platform for launching and trading digital assets. As Dex's primary function, Rice Dex also provides a staking platform and a decentralised launchpad.

The Octium_iois intended to offer a just and open platform for the launching and trading of digital assets. It offers a fair, transparent, and secure environment for launching and exchanging digital assets and is built on the standards found in DeFi and Dex. Our goal at Rice Dex, the first exchange to open on the Rice Protocol, is to offer a fair, transparent, and secure environment for the launching and trading of digital assets. We appreciate you choosing Rice Dex as your primary trading and asset-launching platform.

RESOURCE MANAGEMENT

OCT20 Asset: An OCT token protocol that is ERC20 compliant. It expands on ERC20 and includes additional interfaces like getOwner and decimals. Here is a link to the whole proposal: Issue OCT20 Wallet at https://github.com/OCT/OCT-chain.

Octium Marketplace

A safe and secure platform, Octium Marketplace allows buyers and sellers to conduct business with confidence. The fact that Octium Marketplace has a user-friendly layout and is simple to use makes it another practical platform. Overall, Octium Marketplace is a fantastic choice for individuals looking for a convenient, secure, and safe NFT buying and selling platform. A platform for NFT buying and selling called Octium Marketplace makes use of the Octium Protocol. A scalable, decentralised protocol called Octium makes it possible to buy, sell, and transfer NFTs. Octium enables the development of a common user interface (UI), making it simple for users to deploy and upload their NFTs. For those who appreciate art but want to make more money, Octium Marketplace offers an alternative. When wanting to buy or sell NFTs, Octium Marketplace is a desirable alternative due to its many features. The revolutionary Octium_iohas the power to completely change how internet transactions are carried out. Octium_iois currently in its early stages, but as it gets popular, I think more companies will start using it for their transactions. Keep an eye on Octium_ioif you want to be at the cutting edge of this innovative new technology.