What is OctaSpace?

OctaSpace is a Proof-of-Work blockchain utilizing the go-ethereum code base, designed to work alongside an internal Proof-of-Authority network to enhance transaction throughput for billing purposes. The platform serves as a public cloud service infrastructure, offering API access and enabling features such as a GPU marketplace, VPN access, and application deployment, primarily reliant on user-provided hardware.

The project originated in 2020 with the goal of creating a distributed system capable of executing tasks and applications. Development faced challenges related to scalability, leading to a hiatus until June 2022, when it was revived with a new core architecture aimed at addressing these issues. The OCTA token functions as the primary payment mechanism for services, rewarding node operators and providing dividends for token holders.