What is Over Protocol? Over Protocol is a layer 1 blockchain built on data decentralization and Ethanos technology to enhance efficient data decentralization. Reduced network resource needs – up to 20 times lighter than conventional and decentralized methods.
Over Protocol raised $8M from VCs. So what is Over Protocol? What stands out about the project? Let’s find out with Weakhand.
Over Protocol Overview
What is Over Protocol?
Over Protocol is a Layer 1 Blockchain built on a data hierarchy and leverages Ethanos technology to effectively partition data between layers to significantly reduce the network’s resource needs. User-friendly interface.
Over Protocol promotes a more decentralized and inclusive consensus protocol that is more accessible to users, minimizing issues related to limited participation, anyone can run a node and become a validator. real.
Over Protocol organizes data into three main layers: Over Layer, Nether Layer and External Layer
- Over Layer: contains data necessary for blockchain operations.
- Nether Layer: Additional data storage enhances but is not critical to consensus.
- External Layer: contains data outside the scope of the blockchain.
Over Protocol integrates and adapts Ethereum’s consensus algorithm Gasper, allowing millions of individuals to actively participate as validators.
Over Protocol offers the following special features:
- Redefine hierarchy and data management to improve efficiency.
- Adopt a comprehensive consensus algorithm to encourage broader participation.
- Provides user-friendly software packages to access.
Product of Over Protocol
Some of the main products include:
- OverWallet: Mobile cryptocurrency wallet application, serving as the gateway to OverProtocol. Before Mainnet launch, this wallet will educate users about Over Protocol and blockchain technology, providing rewards that can be used on Over Protocol upon release.
- OverNode: The node application is designed to help users run protocol nodes on their personal computers. Intuitive UX/UI, OverNode allows anyone to become a validator for Over Protocol seamlessly without computer science knowledge.
Development Roadmap
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Core Team
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Investors
- July 2023: Over Protocol raised $8 million from SK Inc, Netmarble, DSC Investment, Schmidt, Spring Camp and NaverZ.
Tokenomics
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Project Information Channel
- Website: https://over.network/
- Twitter: https://x.com/overprotocol
- Medium: https://medium.com/overprotocol
- Discord: https://discord.gg/overprotocol
- Telegram:
Summary
Hopefully this article provides useful information about what is the Over Protocol project? Currently Over Protocol is in the testnet phase, everyone can learn to participate.
