Oasis Network stands at the forefront of blockchain innovation, offering a unique blend of privacy, scalability, and flexibility as a leading layer-1 blockchain. By combining high throughput and low gas fees with a secure architecture, Oasis Network is designed to power the next generation of Web3 applications, including DeFi, GameFi, NFTs, and the Metaverse. Supported by top industry backers, the network's $235 million Ecosystem Fund aims to boost development on its platform. Join us as we delve into how Oasis Network is setting a new standard for blockchain technology and privacy-preserving solutions.
What Is Oasis Network (ROSE)?
Oasis Network is the leading privacy-enabled and scalable layer-1 blockchain network. It combines high throughput and low gas fees with secure architecture to provide a next-generation foundation for Web3 and will power DeFi, GameFi, NFTs, Metaverse, Data tokenization, and Data DAOs.
Oasis propels Web3 forward, scaling it and evolving it from infancy to maturity. Supported by top industry backers, Oasis recently announced the $235 million Ecosystem Fund to support projects to build on the network. Oasis Labs, the ecosystem technical contributor, has partnered with the likes of Meta, BMW Group, Genetica, and others, to build platforms and products that further individual privacy protection, data governance, and responsible data use.
What Makes Oasis Network Unique?
The Oasis Network stands out due to its unique architecture and commitment to privacy. Here are some key features that make it unique:
- Separation of Consensus and Execution: Oasis Network separates consensus and execution into two layers, the Consensus Layer and the ParaTime Layer, for better scalability and increased versatility. This allows multiple ParaTimes to process transactions in parallel, meaning complex workloads processed on one ParaTime won’t slow down faster, simpler transactions on another.
- Native Support for Rollups: Oasis Network is the only layer-1 blockchain with native support for Rollups at the Consensus Layer.
- Decentralized ParaTime Layer: The ParaTime Layer is entirely decentralized, allowing anyone to develop and build their own ParaTime. Each ParaTime can be developed in isolation to meet the needs of a specific application, such as confidential compute, open or closed committees, and more.
- Sophisticated Discrepancy Detection: The network’s sophisticated discrepancy detection makes Oasis more efficient than sharding and parachains, requiring a smaller replication factor for the same level of security.
- High Throughput and Low Fees: The Emerald ParaTime, the EVM Compatible ParaTime, was built to solve the problems faced by Solidity developers, i.e., high fees and low throughput. Emerald solves both of these problems by increasing the throughput of transactions to up to 1,000 per second and reducing fees by 99%+ compared to Ethereum.
How Many Oasis Network (ROSE) Coins Are There in Circulation?
The current supply of Oasis Network ROSE is 1.5 billion tokens, with a total supply of 10 billion ROSE. The token distribution is as follows:
- 23.5% – staking rewards
- 23% – backers
- 5% – strategic partners & reserve
- 18.5% – community & ecosystem
- 10% – foundation endowment
- 20% – core contributors
2.3 billion tokens will be automatically paid out as staking rewards to stakers and delegators for securing the network over ten years. ROSE is used for transaction fees, staking, and delegation at the Consensus Layer. By staking ROSE, users can secure the Oasis blockchain and earn up to 20% APY rewards.
How Is the Oasis Network Secured?
The consensus layer is a proof-of-stake (PoS)-secured blockchain with a decentralized set of validator nodes operated by independent nodes. The separation of execution from consensus is secured using fraud proofs. On the Oasis Network’s Cipher ParaTime, nodes are required to use a type of secure computing technology called a TEE (Trusted Execution Environment), which acts as a hypothetical black box for smart contract execution in a confidential ParaTime. Encrypted data goes into the black box along with the smart contract, data is decrypted, processed by the smart contract, and then encrypted before it is sent out of the TEE. This process ensures that data remains confidential and is never leaked to the node operator or application developer.
Where Can You Buy Oasis Network (ROSE)?
ROSE is available on Binance, KuCoin, Gate.io, Coinlist, Bitfinex, and more.
Technology
Oasis Network's technology is designed to offer unparalleled privacy and scalability. Here are some of the key technological features:
- Emerald ParaTime: The EVM Compatible ParaTime, built to solve the problems faced by Solidity developers, i.e., high fees and low throughput. Emerald increases the throughput of transactions to up to 1,000 per second and reduces fees by 99%+ compared to Ethereum.
- Cipher ParaTime: The confidential smart contract ParaTime, which supports privacy-preserving smart contracts. Cipher enables DEXs to stop front-running transactions, NFT users to protect their assets privately, and can potentially unlock trillions in credit and lending markets from traditional finance.
- Sapphire ParaTime: The confidential EVM ParaTime and the first confidential EVM runtime in the industry. Sapphire is an EVM-compatible environment that empowers developers to build privacy-enabled applications.
- Parcel ParaTime: The confidential data storage, governance, and compute ParaTime. Parcel enables governance, confidential computation, and private analysis of data. Applications developers can use the Parcel SDK to integrate privacy-preserving data storage, governance, and computation into their applications. Parcel is also the data tokenization engine that can turn any data into an NFT.
Team
The Oasis Team is made up of top talent from around the world, with backgrounds from Apple, Google, Amazon, Goldman Sachs, UC Berkeley, Carnegie Mellon, Stanford, Harvard, and more. The majority of the core engineering team are PhD level educated and all committed to growing and expanding the impact of the Oasis Network. The project has strong roots in academia; Dawn Song, a professor at the University of California, Berkeley, and one of the world’s foremost experts in computer security and trustworthy artificial intelligence is the Founder of Oasis Labs, which is an active member of the Oasis Ecosystem and one of the early contributors to the Oasis technology. Moreover, the project is backed by top VC firms and investors
