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Ottochain is the first consumer chain launched by Octopus Network that adopts Octopus 2.0 Interchain Security, built on the Cosmos SDK and maintains compatibility and interoperability with the Ethereum Virtual Machine (EVM).

Ottochain = Cosmos SDK Build + Near Restaking + Adaptive IBC  ⦿ Ottochain = Cosmos SDK Build + Near Restaking + Adaptive IBC ⦿ Ottochain = Cosmos SDK Build + Near Restaking + Adaptive IBC  ⦿ Ottochain = Cosmos SDK Build + Near Restaking + Adaptive IBC ⦿ Ottochain = Cosmos SDK Build + Near Restaking + Adaptive IBCOttochain = Cosmos SDK Build + Near Restaking + Adaptive IBC

OTTOCHAIN UNDERLYING TECHNOLOGIES

Ottochain is the first consumer chain launched by Octopus Network that adopts Octopus 2.0 Interchain Security. It is built on the Cosmos SDK and maintains compatibility and interoperability with the Ethereum Virtual Machine (EVM) by introducing an EVM module. The Cosmos SDK application chain utilises CometBFT as the consensus engine, and the PoS consensus protocol ensures the fast finality of blocks with high transaction throughput and block generation rate, as well as permissioned Proof-of-Authority (PoA) blockchains and supported by Octopus 2.0 Interchain Security.

By selecting Octopus 2.0's Restaking Base contract, NEAR validators can utilize their stakes to simultaneously validate additional modules constructed on NEAR, such as Octopus 2.0 Cosmos-based appchains, Ethereum Virtual Machines, private shard infrastructures, Web3 startup networks, decentralized storage networks, and more. This provides a chance for NEAR stakers to participate in multiple staking opportunities while retaining control over their Layer1 rewards, leading to enhanced capital efficiency and diversification benefits.

Octopus 2.0 proudly introduces the NEAR IBC Port, a cutting-edge innovation that establishes a seamless connection between the NEAR Protocol and Cosmos. To achieve this breakthrough, Octopus has implemented new architectural advancements, including external validation, to ensure flexibility across diverse chains. This dynamic architecture, known as Adaptive IBC, empowers Octopus Network to adapt not only to different blockchain networks but also to future technological advancements.

SUPPORTED ECOSYSTEM

OTTOCHAIN UNIQUE FEATURES

EVM Compatibility

Otto-chain ensures compatibility with the Ethereum Virtual Machine (EVM), allowing developers to deploy and execute existing Ethereum smart contracts directly on the Otto-chain network.

Consensus Mechanism

Ottochain introduces the Octopus 2.0 Interchain Security mechanism, ensuring the security and integrity of chain consensus. By adopting this innovative approach, Ottochain addresses concerns related to potential attacks and low token valuations, providing a robust foundation for users to transact and interact with confidence.

Community Driven Governance

At the heart of Otto-chain lies a strong commitment to community engagement and empowerment. Token holders have the opportunity to actively participate in the governance of Otto-chain, shaping its future through voting on proposals and decisions.

Developer Friendly

Ottochain provides comprehensive developer tools and infrastructure to facilitate the creation of decentralised applications. Developers can access software development kits (SDKs), libraries, and documentation to build and deploy smart contracts on Ottochain.

Interoperability and Secure

Ottochain introduces the Octopus 2.0 Interchain Security mechanism, ensuring the security and integrity of chain consensus. By adopting this innovative approach, Ottochain addresses concerns related to potential attacks and low token valuations, providing a robust foundation for users to transact and interact with confidence.

Incentivizing Contract Developers

A portion of the transaction fees generated by other users calling those contracts will be rewarded to the contract owner. This ensures that smart contracts creators earn every time someone uses their contract

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