OCTA OctaSpace Rank #1801

OctaSpace is a proof-of-work Layer 1 blockchain forked from the go-ethereum codebase, designed to operate alongside an internal proof-of-authority network that increases transaction throughput for billing operations. The project positions itself as a decentralized public cloud platform built on user-contributed hardware, offering infrastructure and APIs for services such as a GPU marketplace, VPN access, and application deployment. The OCTA token functions as the primary payment instrument within this ecosystem. It is used to pay for the platform's services, reward node operators who contribute computing resources, and distribute dividends to token holders. By aggregating distributed hardware, OctaSpace aims to make large-scale computing power accessible for tasks in artificial intelligence and machine learning, CGI and rendering, password recovery, and other workloads that benefit from parallel, distributed environments. The project emphasizes an open-source and transparent development approach. It originated in 2020 as a proof-of-concept for distributed task execution, was paused due to scalability issues, and was relaunched in mid-2022 with a redesigned core intended to support the original vision.