OCT Chain is a next-generation blockchain platform that relies on a system of Proof-of-Authority (PoA) consensus to support short block times and low 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.
In addition to being more efficient and cost-effective than traditional Proof-of-Work (PoW) or Proof-of-Stake (PoS) consensus mechanisms, PoA also enables OCT Chain to offer a unique set of features that make it the ideal choice for enterprises and developers who require programmability and interoperability.
What sets OCT Chain apart?
OCT Chain's main advantage is its ability to offer both programmability and interoperability. This is made possible by the use of WebAssembly (Wasm) as the smart contract execution environment. Wasm is a portable binary format that can run on any platform, which means that smart contracts written for OCT Chain can be executed on any blockchain that supports Wasm. This makes it easy to develop cross-chain applications and services.
OCT Chain's virtual machine (VM) has been designed specifically for high performance and scalability. It can execute multiple smart contracts in parallel, which means that it can support a large number of transactions per second without sacrificing speed or security.
OCT Chain's use of PoA consensus enables it to offer shorter block times than PoW or PoS chains. This is important because it means that transactions will be confirmed more quickly, which is crucial for enterprise applications where time is of the essence.
OCT Chain is the ideal choice for enterprises and developers who require programmability and interoperability. Its use of WebAssembly as the smart contract execution environment enables smart contracts written for OCT Chain to be executed on any blockchain that supports Wasm, making it easy to develop cross-chain applications and services.
OCT Chain's virtual machine has been designed specifically for high performance and scalability, making it able to support a large number of transactions per second without sacrificing speed or security. Finally, OCT Chain's use of PoA consensus enables it to offer shorter block times than PoW or PoS chains, which is important for enterprise applications where time is of the essence.
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FOR MORE INFO
Website : https://octium.io
Whitepaper : https://docs.octium.io/#/
Telegram :https://t.me/octium_official_group
Twitter : https://twitter.com/octium_io
Author
Forum Username: edisonali
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=1994251
Wallet Address: 0x4c189d00BeD6c861d5025e6d6B9C1Aef117Dd755