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The Octopus Network's core technology is trust-minimal blockchain interoperability. Octopus Relay, a set of smart contracts on the NEAR blockchain, provides leased security to appchains, enabling interoperability with NEAR and other appchains. Appchains can also connect with external blockchains through bridges on NEAR or directly through the IBC pallet. Users can provide security to an appchain by staking $OCT tokens in the Octopus Relay. Validator nodes sync the validator set from the Octopus Relay and form a quorum to achieve consensus on block production. Malicious validators can be challenged through fraud proofs, resulting in the slashing of their staked $OCT tokens. This mechanism ensures the economic security of appchains through $OCT staking in the Octopus Relay.
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What is OracleChain and its role in the blockchain ecosystem?
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