Oasis Network - a privacy-focused, first-level blockchain, built for open finance and a responsible data economy, using the Cosmos SDK. This will allow Oasis to interact with the Cosmos-Enabled Blockchain Ecosystem (ATOM) when launching its Inter Blockchain Communication Protocol.
Contents:
What is Oasis Network?
Oasis prioritizes use cases that promote data privacy and user privacy. The project also aims to provide private, scalable DeFi and expand it beyond traders in the mass market. Oasis achieves high throughput and boasts a secure architecture by separating the levels of contract settlement and consensus. This separation of layers allows the blockchain to support multiple custom execution environments (ParaTimes).
It is similar in its architecture to the structure of Avalanche or Polkadot, connecting several different blockchains within the same ecosystem. Now that Oasis is out on the mainnet, its Roadmap for the future includes launching a ParaTime-enabled Ethereum virtual machine (EVM), dedicated to DeFi, launching a decentralized exchange (DEX) and lending protocol on ParaTime, and adapting more number of DeFi applications to it.
Project features
The platform is built to support a high level of scalability, low gas fees and token monetization. It also aims to promote privacy features to facilitate the use of sensitive data in DeFi.
What is the uniqueness of the project:
| Transactions | It achieves scalability by separating consensus and execution, thereby allowing multiple ParaTimes to process transactions in parallel and preventing more complex transactions from slowing down. |
| Purpose of the coin | Since the task execution layer is completely decentralized, anyone can design and build their own ParaTime, which can be opened or closed, depending on the needs of the developer. Oasis claims that this complex solution is more efficient than parachains because it requires lower coefficients for the same level of security. |
Binance creates CryptoSafe Alliance, allowing exchanges to share threat intelligence data. Thanks to Oasis confidential computing technology, data exchanges remain confidential even during comparison. BMW tests differential privacy applications on its internal systems and stores access in a ledger, managed by Oasis.
Buying and selling cryptocurrency
The current supply of Oasis Network ROSE is 1.5 billion tokens, and the total supply is 10 billion ROSE. ROSE is available on:
- Binance;
- Mandala Exchange;
- CoinTiger;
- KuCoin;
- ZT.
2.3 billion tokens will be automatically paid out as staking rewards to stakers and delegates for securing the network over time.