Oasis Network represents an innovative blockchain launched in November 2020 focused on data protection and privacy. Founded by Dawn Song, a professor of Electrical Engineering and Computer Science at UC Berkeley, Oasis addresses key limitations of early blockchains.
The Genesis of Oasis Network
Oasis Network was founded to address the shortcomings of early blockchains. The network is built using the Cosmos SDK and supports interoperability with the broader Cosmos ecosystem through the Inter-Blockchain Communication (IBC) protocol. The token name 'ROSE' symbolizes secrecy and confidentiality, reflecting the network's core mission.
Architectural Foundations: A Two-Layer System
Oasis Network utilizes a modular architecture that separates consensus from execution. The network operates on two layers: the consensus layer, which provides security and transaction validation, and the ParaTime layer, which hosts multiple parallel execution environments. This design enables high scalability and prevents slowdowns.
Privacy at the Core: Confidential Computing
Oasis Network is the first blockchain to natively support confidential smart contracts using Trusted Execution Environments (TEEs). This architecture allows user data to be protected while still enabling verification of computations, facilitating applications like confidential DeFi platforms.
Oasis Network has established itself as a technical innovator by addressing privacy and scalability challenges. The network's unique architecture supports applications that ensure data security without sacrificing performance. Oasis's privacy-centric approach lays the foundation for new applications that embed data protection at every stage.
