What is octopus (Oct) token?

What is $OCT? $OCT is the native token of the Octopus Network. It is a fungible, non-inflationary token. $OCT serves three primary functions in the Octopus Network Ecosystem: Endorsing appchain candidates by upvoting them in the candidate queue

What is Octopus network?

The core technology of Octopus Network is trust-minimal blockchain interoperability. Based on that, Octopus Relay, which itself is a set of smart contracts running on NEAR blockchain, provides leased security to appchains, and makes appchains interoperable with NEAR and other appchains.

What is a token in computer networking?

(2) In networking, a token is a special series of bits that travels around a token-ring network. As the token circulates, computers attached to the network can capture it. ... The token acts like a ticket, enabling its owner to send a message across the network.

What is the octopus relay?

The Octopus Relay is a set of smart contracts running on the NEAR blockchain, aka mainchain, that implements the security leasing market. NEAR solves scalability issues with sharding technology to allow the network’s capacity to scale up as the number of nodes in the network increases. Octopus appchains sit on the demand side of the market.