Over Protocol is a blockchain protocol that aims to make blockchain technology easy for everyone to use. It's special because it allows people to join the blockchain network using their personal computers and devices, a method called "Home Staking."
What is Over Protocol
Here's how it works:
- Low Resource Requirements: Over Protocol uses unique technology to work efficiently on different layers. This means it needs fewer resources, making it 20 times lighter than usual blockchain methods. So, more people can use it, even if they don't have powerful computers.
- Inclusive Consensus Mechanism: The protocol ensures that power isn't just in a few hands. It allows more people to be part of the decision-making process in the blockchain, making it more fair and decentralized.
- User-Friendly: Over Protocol is designed to be easy for everyone. Setting up a node (a point in the blockchain network) and interacting with the network is made simple. This means even those who are new to blockchain can understand and use it easily.
In short, Over Protocol is about making blockchain accessible and easy for everyone, regardless of their technical skills or the kind of computer they have.
Funding of Over Protocol
$8,000,000
Total Funds Raised
$8,000,000
Funding round
Investors include DSC Investment, Spring Camp, Schmidt, Netmarble, Naver Z.
Over Protocol review
Pros
Inclusive Consensus
Features a consensus mechanism that expands participant involvement and ensures accountability.
Ease of Use
Emphasizes user-friendliness, making node setup and network interactions straightforward.
Cons
Building Reputation
Still in the process of establishing its presence and user base.
Security Concerns
Potential trade-offs in security or scalability due to its resource-efficient approach.