SD
Sheldon Dearr is Technical Lead at Octopus Network, an ecosystem platform designed to help launch substrate-based Web3.0 platforms.
He discusses the network's approach to Appchains, mainnet developments, and integration with NEAR protocol.
1Interview
2022First on the show
Mar 2022Latest appearance
21 minOn camera
20:45
Latest interview · Mar 24, 2022Sheldon Dearr on Octopus Network's substrate ecosystemWatch the episode →
Key points
- Octopus Network is a web3 interoperability protocol enabling projects to launch application-specific blockchains using Substrate technology with greater customization than Ethereum.
- Unlike Polkadot's limited parachain slots, Octopus supports unlimited appchains through a relay protocol model, with collateral requirements determining security rather than competitive auctions.
- Substrate offers modular, customizable components for blockchain development, particularly advantageous for off-chain operations compared to Ethereum's fixed virtual machine approach.
- Octopus Network launched mainnet in October and had its first appchain operational within 30 days, with two appchains currently live and a third in audit.
- Appchains built on Octopus are sovereign, independent blockchains integrated with NEAR protocol, not sidechains dependent on a parent chain's consensus.
In their own words
“You don't have to compete with capital to get infrastructure. Your capital itself becomes your infrastructure.”
“We act as the validator of last resort for the first 100 app chains.”
