OCTOPUS NETWORK: Incubating Sovereign Chains, OCT Token, NEAR and more - Sheldon Dearr, Technical Lead

Blockchain People - A podcast by D-Core

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Technology

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Octopus Network is a NEAR-based protocol for hosting sovereign application-specific blockchains (Appchains). Through staking the OCT token, Octopus validators lease their security to Appchains, which reward validators in their native token.


Sheldon Dearr, Octopus' Technical Lead, is here to discuss the OCT ecosystem, enabling cross-chain communication with IBC, why most new blockchain projects fail, and other absorbing subjects.


Table of Contents:


0:00:00 What is Octopus Network

0:02:36 Octopus & NEAR

0:03:56 Advantages of being non-EVM-only

0:06:05 Why isn't Substrate more popular?

0:08:56 Did Terra get too big?

0:12:23 Cosmos IBC and other bridges

0:24:00 Why light client bridges are better

0:26:44 Why doesn't Octopus have its own chain?

0:31:27 When and when not to deploy an Appchain

0:38:31 The Octopus Ecosystem

0:42:13 Why so many blockchain project niches failed

0:44:36 Appchains need to generate real value

0:50:49 How does one deploy an Octopus Appchain?

0:59:05 What if an Appchain fails?

1:02:29 Octopus' "Graduations"

1:07:19 Octopus Announcements

1:08:19 Outro


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