#OCTA vs #RNDR
Now I am returning to Research a Project Daily! Please Engage for More Content!
I'm back again with my daily research on a new crypto project!
1/ What is OCTA?
A decentralized cloud computing platform built on blockchain technology.
Services: VPN, CPU, GPU, storage rental.
Targets individuals and organizations for: machine learning, CGI rendering, digital image processing, data storage/distribution, VPN tech, other computing-heavy tasks.
2/ Uses 2 blockchains: L1 and L2
At the core is a L1 PoW blockchain, secured by Pirl's 51% attack protection to resist network assaults.
OctaSpace also utilizes a L2 PoA blockchain with validators to enable faster transactions for payment activities without compromising L1 security. This L2 seeks to handle high transaction volumes quickly and efficiently, like billing users for services.
3/ Business Model:
OctaSpace interconnects nodes to collectively handle user demands. Users pay for this.
GPU rigs perform AI/ML workloads. Typical PCs act as VPN gateways or provide storage for file sharing/user-deployed apps.
Users can rent entire VPS or just app layers like Jupyter, TensorFlow, HashCache, Stable Diffusion, etc.
4/ Tokenomics are complex with changing allocation percentages across "eras".
5/ Technical aspects need polish - requires root access just to run a node, very bad for security. Most blockchains warn against this.
6/ Staking requires 100,000+ OCTA (approx. $50,000 now - prohibitive for small users).
Network only has ~14 nodes currently, not highly decentralized: https://stats.octa.space
7/ Rental rates (https://cube.octa.space/services/mr) have some very cheap options (CPU/GPU is $0.015/hr) but otherwise align with market prices. VPN at ~$0.005/GB is decent. However, OCTA-denomination may repel users if OCTA price rises and USD-comparison makes them leave.
8/ Conclusion:
UPS - Per the project, it's a decentralized marketplace where node operators freely set rental rates for competitive market pricing. However, this may enable issues: operators could turn off nodes if rates are too low at current usage, or if token crashes. E.g. 70% uptime on some nodes versus 99.9% traditionally.
Team is just 5 people, mostly tech.
No major partners/clients/investors.
No contracts, direct CEX listing => The only advantage over RNDR seems to be lower mcap. No compelling edge found yet. Personally not investing currently.
Let me know your thoughts! Please engage more for additional research and insights!
