What is Oasis Network Primer ($ROSE) The layer 1 blockchain that could very be an Ethereum killer

Designed for the next generation of blockchain, the Oasis Network is the first privacy-enabled blockchain platform for open finance and a responsible data economy.

Combined with its high throughput and secure architecture, the Oasis Network is able to power private, scalable DeFi, revolutionizing Open Finance and expanding it beyond traders and early adopters to a mass market. Its unique privacy features can not only redefine DeFi, but also create a new type of digital asset called Tokenized Data that can enable users to take control of the data they generate and earn rewards for staking it with applications — creating the first-ever responsible data economy.

The Oasis Network is a Layer 1 blockchain protocol using a BFT, proof-of-stake consensus system. The network’s innovative ParaTime architecture enables us to scale without using sidechains

The Oasis Network is a Layer 1, proof-of-stake, decentralized network. It has two main components, the Consensus Layer and the ParaTime Layer.

1. The Consensus Layer is a scalable, high-throughput, secure, proof-of-stake consensus run by a decentralized set of validator nodes.
2. The ParaTime Layer hosts many parallel runtimes (ParaTimes), each representing a replicated compute environment with shared state.

The Oasis Ecosystem:

The Oasis Network has a thriving and rapidly growing ecosystem consisting of industry-leading app developers, blockchain infrastructure teams, node operators, universities, and more. We are proud to highlight some of our key partners and community members in the chart below:

What is the project trying to achieve?

The first generation of DeFi dApps has provided the market with a huge number of protocols and primitives that are meant to serve as the foundation for the specific components of a new financial system. Despite the current focus on short-term returns, Oasis believes the goal of DeFi applications should be to give rise to a new financial system that removes subjectivity, bias, and inefficiencies by leveraging programmable parameters instead of status, wealth, and geography. Oasis aims to support the next wave of DeFi applications by offering better privacy and scalability features than other Layer 1 networks.

First Privacy-Enabled Blockchain: The Oasis Network is the world’s first scalable, privacy-enabled blockchain. ParaTimes on the Oasis Network can leverage confidential computing technology such as secure enclaves to keep data confidential — unlocking new use cases and applications for blockchain.

Scalable, Private DeFi: The Oasis Network’s privacy-first design can expand DeFi beyond traders and early adopters — unlocking a new mainstream market. Plus its innovative scalability design brings fast speeds and high throughput to DeFi transactions.

First to Enable Data Tokenization: The Oasis Network can Tokenize Data, unlocking 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.

Rapidly Growing Community: The Oasis Network has a thriving community of close to a thousand node operators, developers, enterprise partners, ambassadors, and nearly ten thousand community members engaged in global social channels.

Top–Tier Team: 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 committed to growing and expanding the impact of the Oasis Network.

What is the unique selling point?

• 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.
• The network has broad support for confidential computing technology. The Oasis Eth/WASI Runtime is an open source example of a confidential ParaTime that uses secure enclaves to keep data private while being processed.

Scalable, Private DeFi

The Oasis Network is designed to support confidential smart contracts, allowing it to keep data private while being processed. By providing end-to-end data confidentiality on Blockchain, the Oasis Network unlocks new and exciting use cases in DeFi. From under-collateralized lending to preventing front/back running, the Oasis Network can help expand DeFi beyond traders and early adopters to a mainstream market.

The network’s cutting-edge scalable features can help unblock DeFi as it works today, fixing the high-transaction fees and slow throughput currently plaguing other Layer 1 networks. Combined, Oasis’ unique ability to provide scalable, private DeFi is expected to make it the leading platform for unlocking the next generation of DeFi markets and use cases.

Data Tokenization & A Responsible Data Economy

The Oasis Network’s combination of confidential computing and blockchain enables a new paradigm called Tokenized Data. Blockchain allows for logging and enforcement of usage policies with high integrity and auditability. Confidential computing ensures that data remains private during computation and cannot be reused without permission. This capsule of data + policies creates a new kind of digital asset that can be consumed along specific guidelines for a specific fee or exchange of value.
With Tokenized Data, the Oasis Network can power the next generation of privacy-first applications and unlock a new responsible data society. Data providers on the Oasis Network can put their Tokenized Data to use. They can earn rewards by staking their data with apps that want to analyze it or control how their most sensitive information is consumed by the services they use.

Versatility

Designed to support the next generation of blockchain applications, the Oasis Network is incredibly versatile, agile, and customizable. Namely, each ParaTime can be developed in isolation to meet the needs of a specific application. ParaTimes committees can be made large or small, open or closed, allowing for faster or more secure execution depending on the requirements of a particular use case. Nodes can be required to have specific hardware, such as Secure Enclaves in a confidential ParaTime. Each ParaTime can similarly run different Runtime VMs (ParaTime Engines) such as EVM backward compatible engine, Rust based smart contract language, or a Data tokenization engine. Finally, to support enterprise and developer use cases, ParaTimes can be made Permissioned or Permissionless — allowing consortiums to have their own closed ParaTime, or communities to have full decentralized open ParaTimes.

The versatility of the ParaTime Layer allows the Oasis Network to expand and grow to address a broad set of new and exciting use cases, while still maintaining the same core ledger and consensus layer.

Roadmap

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Token Metrics

• Token Name: Oasis Network
• Ticker: Rose
• Blockchain: Oasis
• Token Standard: 
• Contract: 
• Token Type: Utility
• Total Supply: 10,000,000,000
• Circulating Supply: 3,490,000,000

Token Allocation

The quantity of ROSE tokens reserved for various network functions, as a percentage of the total existing token supply, approximately follows the distribution below.

Token Sale

The ROSE token will be used for transaction fees, staking, and delegation at the Consensus Layer.

Token Release Schedule

Not all tokens have been released publicly or will be released publicly by Mainnet launch. Due to release schedules and locks, only a fraction of the total existing token supply will be in circulation at the time of Mainnet. Approximately 1.5 billion tokens out of a fixed supply of 10 billion tokens in total will be in circulation immediately upon Mainnet. In addition, a portion of Foundation tokens that are not in the circulation supply at launch is staked on the network. Any staking rewards earned will go back into the network via future validator delegations, network feature development, and ecosystem grants.

Tokens set aside for Staking Rewards will be disbursed in accordance with on-chain mining mechanisms, which are calculated based on how many blocks are produced, how many nodes are participating in staking, and how many tokens are staked etc. The remaining allocations will be disbursed according to the following release schedule:

Token Use Case

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Market

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Community

The Oasis Network has a thriving community with members from around the world. This is driven in part by the Oasis Ambassador program, where volunteers passionate about the Oasis Network run meetups, write and translate content, answer developer questions, manage online communities, stress test the Oasis Network and more.‌

Ambassadors are also growing strong communities worldwide, including Bangladesh, Vietnam, India, Brazil, Korea, Nigeria, Philippines, Russia, China, South Korea, Turkey, and more.

The Oasis Network also has the largest University Program of any Layer-1 blockchain with over 25 top university departments, blockchain clubs, and others across 5 continents. Members of the program run nodes, build apps and more. Participating universities and university student organizations include Blockchain at Berkeley, Tsinghua University’s Student Association of Digital Finance, Cambridge University’s Blockchain Society, and many more.

Team

The Oasis Team is made up of world-leading researchers, security experts, and privacy advocates — all working together to build a platform for a responsible data economy.

Partners

Investors

Between 2018 and 2020 Oasis has raised over $45 million from backers including:

Binance Labs announced to participate in the Oasis Ecosystem Fund to make contributions on the projects that will be built on the Oasis Network. Binance Labs’ contribution led the Oasis ecosystem fund to go up to $200 million in size. Binance Labs is the venture capital and innovation incubation arm of Binance. It identifies, invests, and empowers viable blockchain entrepreneurs, start-ups, and communities and provides finance to industry projects that help grow the larger blockchain ecosystem.

Oasis’s vision is truly a game-changer. I am very bullish about this Ecosystem as I believe that Oasis can advance Web 3.0 development due to its scalability and privacy-preserving features. Also, any project building on top of Oasis will also be part of the Web 3.0 innovation. In conclusion, I am extremely bullish about Oasis. I will not be surprised if Oasis network becomes one of the largest blockchains in the near future.

Find more information about Oasis Network:

Website: https://oasisprotocol.org/

Documentation: https://docs.oasis.dev/general/

Twitter: https://twitter.com/oasisprotocol?lang=en

Telegram: https://t.me/oasisprotocolcommunity

If you have any questions, comments, suggestions, or ideas about the project, please email [@vuongchihung.com].

DISCLAIMER: The Information on this website is provided as general market commentary, and does not constitute investment advice. We encourage you to do your own research before investing.

VinceH

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