Oasis is the leading privacy-enabled, and scalable layer-1 blockchain network. Combined with its high throughput, low gas fees, and secure architecture, Oasis Network can power scalable DeFi, revolutionizing Open Finance and expanding it beyond traders and early adopters to a mass market. Oasis recently launched the $200 million Ecosystem Fund to support projects to build on the network and has several Fortune 500 partnerships in place such as the CryptoSafe Alliance with Binance, the BMW Group and others. Oasis is among the top two invested blockchains and has one of the two fastest-growing developer networks in the industry according to Messari.
Separates consensus and execution into two layers, the Consensus Layer and The ParaTime Layer, for better scalability and increased versatility.
Separation of consensus and execution allows multiple ParaTimes to process transactions in parallel, meaning complex workloads processed on one ParaTime won’t slow down faster, simpler transactions on another.
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.
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.
- There are 3 ParaTimes built by the Oasis core team already on the network.
Emerald ParaTime, the EVM Compatible ParaTime, was built to solve the problems faced by Solidity developers. High fees and low throughput. Emerald solves both of these problems by increasing the throughput of transactions to 1,000 per second and reducing fees by 99%+ compared to Ethereum. This means more users will be able to use and build on the network.
Cipher ParaTime, the confidential smart contract ParaTime, will hold the features that Oasis is known for – privacy-preserving smart contracts. As with Emerald, it boasts high throughput, instant finality, and low fees with added privacy-preserving features. Cipher enables DEX’s 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.
Parcel ParaTime, the confidential data storage, governance, and compute ParaTime, Parcel already has enterprise partners like Nebula Genomics, Genetica, and BMW, using it to store private data like human genomic data. 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 file into an NFT. We envisage this functionality to enable people to take back control of the data they create, turning it into assets they can stake and earn rewards, thus creating a new responsible data economy.
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. All the core engineering team are PHD level educated and all committed to growing and expanding the impact of the Oasis Network.
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. She has been recognized for contributions in computer security through numerous prestigious awards including the MacArthur Fellowship, the Guggenheim Fellowship, the Alfred P. Sloan Research Fellowship, the NSF CAREER Award, the MIT Technology Review TR-35 Award, the Faculty Research Award from IBM, Google and other major tech companies, and Best Paper Awards from top conferences in Computer Security and Deep Learning.
She is ranked the most cited scholar in computer security (AMiner Award). She is a serial entrepreneur, including Ensighta Security (acquired by FireEye Inc.) and Menlo Security. She obtained her PhD from UC Berkeley.
As an active member of the Oasis Ecosystem, Oasis Labs works alongside other projects and teams to help the growth of the Oasis Network. This means collaborating with the Oasis Foundation to support the development of features and technologies that can improve the network as a whole and their various projects. The Oasis Labs team is also continuing to research and develop new privacy technology and is working with enterprise partners to deploy these and other blockchain solutions within their stack
Moreover, the project is backed by several high-profile VC firms and investors, such as Andreessen Horowitz, Accel, Binance Labs and many others.
What Makes Oasis Network Unique?
Privacy-Enabled Blockchain: The Oasis Network is the world’s leading scalable, privacy-enabled blockchain. ParaTimes on the Oasis Network can leverage privacy-preserving technology enabling users to share their data to earn income while keeping it totally confidential, unlocking new Web 3 use cases like digital identity and private metaverse applications for blockchain.
Scalable, Private DeFi: The DeFi market is still in its infancy, with trillions of dollars in existing financial markets ready to enter the space. The expansion of DeFi is limited by a lack of privacy, security as well as high fees. The result is an overloaded and expensive system that’s impossible to scale. Oasis Network is a Layer 1 blockchain that can expand DeFi beyond early adopters into mass-market adoption.
Enables Data Tokenization: The Oasis Network can Tokenize Data. This will unlock game-changing use cases for blockchain, and an entirely new ecosystem of apps and projects on the network, powering the next generation of privacy-first applications that reward users for the value they create.
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?
On the Oasis Network, 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.