Launched in November 2020, Oasis Network is a Layer-1 blockchain that emphasizes privacy and data security. Founded by Dawn Song, a professor at UC Berkeley, it addresses key issues found in early blockchain systems.
The Genesis of Oasis Network
Oasis Network was created in response to limitations associated with data exposure and scalability bottlenecks prevalent in earlier blockchains. Built using the Cosmos SDK, it supports interoperability with other networks through the Inter-Blockchain Communication (IBC) protocol.
Architectural Foundations of Oasis Network
Oasis Network utilizes a unique modular architecture that separates consensus from execution. The consensus layer consists of a decentralized network of validators using Proof-of-Stake (PoS), while the ParaTime layer allows for multiple parallel execution environments tailored for diverse use cases.
Applications and Technologies of Oasis Network
Oasis Network supports a variety of applications focusing on privacy. This includes confidential smart contracts, secure execution environments, and scalability features. ROFL and Sapphire extend the capabilities of the network, enabling support for both confidential and non-confidential applications, such as DeFi and NFTs.
Oasis Network provides innovative solutions for privacy and scalability in blockchain development. By emphasizing data protection and openness, the project lays a robust foundation for a future where privacy is a core component.
