What is OctaSpace?

OctaSpace is a Proof-of-Work blockchain that utilizes a go-ethereum code base, operating alongside an internal Proof-of-Authority network to enhance transaction throughput for billing purposes. It is positioned as a public cloud platform, with infrastructure and APIs built on user-provided hardware, offering services such as a GPU marketplace, VPN access, and application deployment.

The project began in 2020 with the aim of creating a distributed system for executing tasks and applications, but was initially halted due to scalability challenges. In June 2022, the project resumed with a new core design addressing these issues. The native token, OCTA, functions as the primary payment method for services, rewards for node operators, and dividends for holders. Future plans include developing new user-focused services and refining APIs and user interfaces.