Oasis Network
Name
Oasis Network
Summary
-Oasis Network is the leading privacy-enabled and scalable layer-1 blockchain network to propel Web3 forward.
-Oasis Labs, the core developer of the Oasis Network, was founded in 2018 by University of California at Berkeley professor Dawn Song.
-Its unique combination of confidential computing and blockchain enables a new paradigm called Tokenized Data.
Rating
Symbol
ROSE
Overview
Oasis Network is a privacy-focused smart contract platform for open finance built using the Cosmos SDK. The project prioritizes applications and use-cases that promote data privacy and user confidentiality. It aims to achieve this goal by separating its consensus layer from its contract execution layer while providing a built-in interface connecting the two for privacy-preserving computation. The consensus layer acts as a hub that uses a Proof-of-Stake (PoS) mechanism to secure the network and reach a consensus on transaction validity. The execution layer consists of multiple, parallel runtimes (called ParaTimes) for specialized computation needs that each plug into the consensus layer.
Historical Price Movement (in INR)
Technology
The Oasis Network separates consensus and execution into two layers, the Consensus Layer and The ParaTime Layer, which gives the network a more flexible (and potentially versatile) design. Separation of consensus and execution allows ParaTimes to process transactions in parallel, meaning workloads processed on one ParaTime won’t slow down or impact another.
The Consensus Layer accepts values from its clients (the ParaTimes) and writes these values into the next block of the blockchain. It also manages ROSE token operations and the selection of validators for the ParaTime consensus committee.
The ParaTime Layer is where smart contract execution occurs. Each ParaTime can be developed in isolation to meet the needs of a specific application, such as confidential computation and open or closed committees.
Discrepancy Detection Discrepancy detection is the verifiable computing technique that Oasis uses to verify ParaTime execution. It permits the use of smaller ParaTime committees and requires a smaller replication factor for the same level of security, which according to the team, is more efficient than sharding or parachain models. The two key features include
random selection of compute nodes from a population to form a compute committee and
accepting the results only if all committee members agree. If there is a discrepancy, a separate protocol called "discrepancy resolution" is enabled. which serves as another security parameter.
ParaTime Logic and Tooling Oasis can support various forms of confidential computing technology through its flexible ParaTime system. For example, The Oasis Eth/WASI Runtime uses secure enclaves to keep data private while being processed.
Oasis Network also supports a number of tools and SDKs to assist developers in building applications. These SDKs rely on differential privacy that aims to protect individual data. The platform supports smart contracts in RUST. It also has a ParaTime that offers backward compatibility with Ethereum, which would allow Ethereum developers to migrate existing contracts with minimal code changes. In addition, developers can build applications using existing Ethereum tools such as Truffle and Metamask.
Use of Native tokens in the ecosystem: The ROSE token will be used for transaction fees, staking, and delegation at Oasis Network's Consensus Layer.
Staking Rewards
23.5%
Backers
23%
Strategic Partners
5%
Community & Ecosystem
18.5%
Foundation & Endowment
10%
Volume ( as of 11th May 2022)
$88,321,158
Total Supply
10B Rose
Circulating Supply
3.49B ROSE
Crowd Sales
N.A.
Funding
r
Country
USA
Year Incorporated
2020
Registered Address
N.A.
Dispute Resolution and Governing Law
USA
Country Risk Assessment
A1
Founding Team
Name | Designation | Education | Experience |