WHAT IS A BLOCKCHAIN?
Blockchain formation. The main chain (black) consists of the longest series of blocks from the genesis block (green) to the current block. Orphan blocks (purple) exist outside of the main chain.
A blockchain, originally block chain, is a continuously growing list of records, called blocks, which are linked and secured using cryptography. Each block typically contains a cryptographic hash of the previous block, a timestamp and transaction data. By design, a blockchain is inherently resistant to modification of the data. It is "an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way". For use as a distributed ledger, a blockchain is typically managed by a peer-to-peer network collectively adhering to a protocol for inter-node communication and validating new blocks. Once recorded, the data in any given block cannot be altered retroactively without the alteration of all subsequent blocks, which requires collusion of the network majority.
Blockchains are secure by design and exemplify a distributed computing system with high Byzantine fault tolerance. Decentralized consensus has therefore been achieved with a blockchain. This makes blockchains potentially suitable for the recording of events, medical records, and other records management activities, such as identity management, transaction processing, documenting provenance, food traceability or voting. Blockchain was invented by Satoshi Nakamoto in 2008 for use in the cryptocurrency bitcoin, as its public transaction ledger. The invention of the blockchain for bitcoin made it the first digital currency to solve the double spending problem without the need of a trusted authority or central server. The bitcoin design has been the inspiration for other applications
WHAT IS OCTUS?
Once Octus covers blockchains as Ethereum, it is also covering all tokens ERC20, ERC233 created on that platform, so they could be massive sending by thousands of tokens created on the same platform. Octus covers all assets created on Waves, NEO and many other blockchains as well, so it will have a strong impact on blockchain world. It´s possible, in the near future, that Octus would be one of the most popular software
Octus (OCT) is the first and true cryptographic project for the massive and automated distribution of cryptocurrencies and tokens of the most popular and known blockchains such as Bitcoin, Ethereum, Bitshares, NEO, NEM, Waves, among others. Being a decentralized tool, that anyone can use it for the purpose of distributing cryptocurrencies to a list of wallets of their own choice, in an automated, controlled and secure way.
PROCESS MECHANISM:
There are basically two major types of airdrops; the ones that come as a surprise and the ones that are announced beforehand. For already established blockchain-based enterprises, they may choose to go the route of the former rather than the latter. Getting to know about it might depend on how involved one is in the crypto community. These are the types of airdrops that occur and have people commenting on online forums that their wallets have been credited with coins and no one is the wiser as to where the coins came from.
HOW OCTUS WORKS?
Any user could download the application on his computer; this application is called OCTUS.
User would choose any of the blockchains available from the list on the application to execute distribution.
OCTUS will synchronize the blockchain or will prepare the Smart contracts to be executed.
User must pay 100 OCT (Octus tokens) to the application, as a tax for each distribution made. If each token costs 0.5$ at the moment and its value would rise up to 1$, the payment will decrease down to 50 Octustokens. Those payed tokens will be reserve don the Project wallet and remain there for 3 months and then released to be used again.
Once OCT (Octus tokens) had been paid for application use, the app will validate wallet list must be on CVS or JSON format. Each wallet will be validated before sending in processed in order to check token or coin to be sent.
Application will ask user how fast the sending is required and then will calculate fee payment. Wallet must have enough gas or fee to execute the sending.
Application will start batch processing and will show results in real time.
By the end of each distribution, the application will show a report with results.
WHAT ARE SMART CONTRACTS?
A smart contract, also known as a cryptocontract, is a computer program that directly controls the transfer of digital currencies or assets between parties under certain conditions. A smart contract not only defines the rules and penalties around an agreement in the same way that a traditional contract does, but it can also automatically enforce those obligations. It does this by taking in information as input, assigning value to that input through the rules set out in the contract, and executing the actions required by those contractual clauses - for example, determining whether an asset should go to one person or returned to the other person from whom the asset originated. These contracts are stored on blockchain technology, a decentralized ledger that also underpins bitcoin and other cryptocurrencies. Blockchain is ideal for storing smart contracts because of the technology's security and immutability
The notion of smart contracts was invented by Nick Szabo, a legal scholar and cryptographer known for laying the groundwork for digital currency, in 1994. Back then, there was little interest or activity using the idea of smart contracts because there was no digital platform that could support them. Today, with the growing adoption of bitcoin and the support of blockchain technologies such as Ethereum, smart contracts are growing in popularity, often built on top digital currencies to trigger payments.
Smart contracts are complex and their potential goes beyond the simple transfer of assets, being able to execute transactions in a wide range of fields, from legal processes to insurance premiums to crowdfunding agreements to financial derivatives. Smart contracts have the potential to disintermediate the legal and financial fields; in particular, simplifying and automating routine and repetitive processes for which people currently pay lawyers and banks sizable fees to perform. The role of lawyers could also shift in the future as smart contracts gain traction, for example from adjudicating traditional contracts to producing customizable smart contract templates. Additionally, smart contracts' ability not only to automate processes but also to control behavior, as well as their potential in real-time auditing and risk assessments, can be beneficial to compliance.
For example:
It would be needed a software that performs as a salary payment platform, for payment massive sending, without problems when airdrop is processing; no technical or middleware complication; final user would be able to understand and use those innovating technologies. The possibility that anyone could reach a powerful tool for massive distribution of crypto-assets would be a great step forward.
REASONS FOR CARRYING OUT AN AIRDROP:
From creating hype and buzz around a new blockchain-based enterprise to rewarding loyal customers, there are a number of reasons why a cryptocurrency airdrop is carried out. The following are some of the reasons for carrying out a cryptocurrency airdrop.
WHY CRYPTO WORLD NEED OF OCTUS?
WHITEPAPER V 1.0.23 5 Television and the internet experimented an evolution and many tools were developed for use, handle and understanding of such technologies like mouse, graphic interface, software, explorer, browsers, etc. As all of them made easier the use of computers and the internet, today it is necessary to develop tools to facilitate use and massive handling of crypto-assets by widely functional, strong and easy-to-use and understand interfaces, covering areas unexplored yet
ANN: https://bitcointalk.org/index.php?topic=5054259.msg47096465#msg47096465
WEB SITE: https://www.octus.network/
WHITEPAPER: https://www.octus.network/whitepaper-v1_0_23.pdf
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