In Dubai, the blockchain event season is just getting started. Octopus Network, a multichain crypto network, has sponsored and exhibited at the 2022 AIBC UAE — Dubai, which took place from March 20 to 23. The AIBC UAE Expo in 2022 attracts top players in cutting-edge technology from the Middle Eastern metropoles‘ burgeoning tech sphere.
With stimulating keynote speeches, workshops, and networking activities, it brought together policymakers, developers, C-suite executives, and legal experts from the booming AI and Blockchain sectors.
Your Flexible and Cost-Effective Leased Security- Octopus Network
The Octopus Network is a multichain crypto network that allows Substrate-based appchains to be created and executed. The Octopus Network offers leased security (LPoS) that is both flexible and cost-effective, as well as out-of-the-box multichain interoperability, a complete infrastructure, and an engaged community.
An appchain, also known as an application-specific blockchain, is a dedicated blockchain for a specific set of custom-designed applications. Even at the bottom of the stack, appchains provide developers with a lot of options when it comes to constructing their application chains, such as governance frameworks and economic models.
Octopus Network considers that an EVM-compatible application chain is the most suited technological stack for blockchain gaming because, after seven years of development, EVM has had time to shake off problems and become the most mature, dependable, and widespread.
Although an Appchain with EVM is built with smart contracts, it can still benefit from the advantages of having one application per chain, such as faster processing and full customization to provide the best user experience.
And not just that. Octopus is a completely new multichain network created to help bootstrap and run Appchains, which we feel are critical to the development of Web 3.
Octopus is overcoming the bottleneck concerns in constructing Web3 by having one unique blockchain for one application and by delivering flexible leased security, out-of-the-box interoperability, one-stop infrastructure, and a supportive community.