Increase in international Web3.0 search volume, Octopus network, use of the large multi-channel network hub

According to Google Trends, the search volume for the keyword "Web3" has grown rapidly around the world.

What does it sound like when entrepreneurs and tech pros start discussing Web3.0 infrastructure?

01The wave of Web3.0 was faster.

In fact, the immediate popularity of Web3.0 is not a new concept.

Some say that Web3.0 cannot replace Web2.0 because Web2.0 has been developed by many technology companies and has proven to be very effective, there is always a feeling that it does not work. It's also a big bubble.

While people's worries about Web3.0 aren't too bad, there are still plenty of privacy issues, regulation by tech companies, and other issues.The inconsistency of the "huge resources" of Web2.0 and the growing number of users., and the "Fire Out of the Sky" metaverse brings richness to the Web3.0 application.

More importantly, unlike 2017, production of blockchain technology has exploded. Previous article "The application is queen in the era of Web 3.0, does it have a landing trend of the Octopus network pilot application chain? As mentioned in ", the application chain is bound to be the best technology output solution for Web3.0 applications to crack, and many chains have been developed by Cosmos, Polkadot and Octopus Networks and have slowly become standardized for Web3 applications. .0.

go,It's not hard for us to see that “time, place, no one” is possible, and this is the hot age of the Web3.0 wave quick start.This is also the main reason why Web3.0 is suddenly exploding right now, spreading to many tech-savvy professionals and entrepreneurs.

02 ibWhy should the cross chain be "fat"?

In terms of building and optimizing the Web3.0 infrastructure as a combination of multiple chains, through the “two heroes” chain Polkadot and Cosmos jointly seek “hub minimalism”.

In simple terms, following the Internet "thin protocol" hypothesis,Let the internet blockchain hub ensure the safe and efficient operation of chain links and other activities under small models and regulations.In October of this year, Octopus Network founder Louis announced the concept of a multi-channel "big hub" at the annual NEAR Ecological conference.

Louis now thinks Ethereum is the best example of a "big hub".

As we all know, Ethereum, which is the big brother of the public channel, has gradually moved from financial distribution to the public channel, and this is a new chapter in the integration of demographic development.

At the same time, of all the internet blockchain, Ethereum is compatible with most processes, most crypto tools, and most users, so other blockchains need to be connected to Ethereum before they can open and unite on the planet. Internet via Blockchain.

In short, it is because Ethereum's strengths are sufficient to become the "de facto hub" of the internet blockchain.

If you are not familiar with the concept of Internet Blockchain, the concept of "fat hub" can be difficult to understand.

Pearl River Delta Blockchain Internet Schematic thiab Roadmap

As the figure above shows, the inter-chain blockchain hub and the city network hub have many similarities, and you can try to understand the "big hub" by using the characteristics of the city hub.

Like the Pearl River Delta, for example, Guangzhou is one of the “war zones” of all the cities in the region. And all the passengers from the cities of this region were sent from here to all over the country. It has also become the largest shopping center and the most successful service.

As a hub city, Guangzhou will support surrounding cities with a greater division of labor, while surrounding cities will develop flywheel advantages, enabling Guangzhou to receive valuable goods and services..

For example, Foshan's continued supply of finance, technology and sales to Guangzhou allows Foshan to focus on consumer electronics, technology and home appliances, while commenting on the Pearl River Delta and continues to focus on consumer electronics, technology and home appliances. 'to be a major hub. country.

The NEAR protocol offers a nearly complete implementation based on partitioning and can handle hundreds or thousands of crypto processes and crypto assets rather than Ethereum Layer 1, which is the internal basis of fat burning.

In order for the inter-chain hub to become thicker, you need to add more blockchains with different functions and focus on different scenarios.The design goal of the Octopus network is to optimize and run a variety of independent blockchain-based Web3.0 applications.

This application chain complements the heritage of applications that Octopus Network provides to NEAR, helping the NEAR protocol to become the largest blockchain internet hub.

Octopus Network The Octopus network has become the satellite city used around NEAR and the home of non-financial Web3.0 applications.

03Rapidly Developing Octopus Network Ecosystem

Octopus Network is an integrated multi-channel system designed by a “fat hub” logic, committed to providing internal services for Web3.0 application chains. Cross-chain capabilities, one-stop-shop services, and community support can reduce the initial cost of a Web3.0 chain application from millions to tens of thousands of dollars.

Octopus mainnet was announced on October 8 at 8 p.m., and the ecological improvement has been in full swing for two months.

On December 7, 2021, Octopus Network - the first Octopus Network application plan in Debio Network's multi-channel ecosystem, officially launched the Mainnet.

The Debio Network is a system for genetic research and industry historical data based on the principles of the substrate.It allows users to create anonymous medical records and checks without leaving their homes and participate in the company's genealogy to protect their privacy and credentials. ..

According to press time, Debio has 32 validating nodes running, with new validating nodes regularly deployed and committed.

The Octopus network's multi-chain ecological application chain project presents the value of the OCT of the Octopus network, recognizes secured borrowings via the LPoS (Leased PoS) mechanism and enables application chains for fast and secure transitions applications. . .

One-click access to multiple DeFi protocols on the NEAR platform with out-of-the-box cross-chain capabilities, select Skyward for financial, secure and fair use of NEAR's Roke. , and the liquidity of Ref.Finance.

This reduced the R&D cost of the Debio team and the cost of running the project, and accelerated the iteration and innovation of the Web3.0 application project.

Currently, the second application of the Octopus network ecosystem has been reviewed and will soon enter the voting phase. It will grow rapidly at the expense of an online adoption application every three weeks for the next three weeks. Currently, 9 web3.0 application plans are being extended.

In fact, we see a lot of Polkadot green projects in the past in the Octopus Accelerator showcase, this excellent Substrat application chain group knows the concept of "fat hub" in the Octopus network and forgets the past of ecological capital and Polkadot communication. . Many have already moved to the Octopus network, the rapidly growing multi-chain ecosystems.

We guarantee that the Octopus network supports the Octopus application chain in all areas including technology, marketing and investment.

04 ibContents

The acceleration of each wave of technology is separated by the incredible research into the use of technology by new entrants, and finally Web 3.0 has entered a golden age and a brilliant era.

In the past, there has been a cross-chain duo, following the Octopus network, and blockchain innovation project teams bringing various demands to Web3.0. With the advancement of these solutions,The heart of the Web3.0 design is a multi-hub blockchain internet., bringing the best of both worlds with the latest updates to Web3.0 and beyond.