Who: Oasis Network is a layer 1 blockchain platform that allows developers and users to build open, transparent, and scalable dApps and DeFi applications while securely protecting confidential data. It was developed in 2018 by Oasis Labs, a company founded by Dawn Song, a computer science professor at the University of California.

What: Oasis Network consists of two core technologies:

  • Paradigm: Uses secure data computation and encryption techniques to protect privacy.

  • Emerald: A modular smart contract platform that makes it easy for developers to create dApps.

Where: Oasis Network, mainnet launch took place in 2020. The platform is currently under active development and some new features and functions are currently being tested on testnets. This shows that Oasis Network continues to develop and innovate in a sustainable way.

What it's for: Oasis Network is designed for a variety of use cases, including:

  • Finance: Privacy-focused DeFi applications.

  • Data: Secure storage and sharing of data.

  • Identity: Secure and decentralized identity management.

  • Governance: Platform for Decentralized Autonomous Organizations (DAOs).

How: Oasis Network ensures privacy protection by using secure data computation and encryption techniques. This means that data is encrypted before being stored on the blockchain and can only be accessed by authorized users. Oasis Network also uses Emerald, a modular smart contract platform that makes it easy for developers to create dApps.

Technology:

  • Paradigm:

    • Secure data parceling: Data is divided into separate pieces that can only be accessed by authorized users.

    • Data privacy: Data is encrypted before being stored on the blockchain.

    • Data processing: Data is processed securely on the network.

  • Emerald:

    • Modular smart contracts: Smart contracts consist of smaller modules that can be more easily managed and updated.

    • Developer-friendly: Emerald offers a variety of tools and resources that make it easy for developers to create dApps.

Additional Information:

  • Oasis Network has a native utility token called ROSE.

  • Oasis Network is listed on leading cryptocurrency exchanges such as Binance, Coinbase and Huobi.

Oasis Network is an exciting blockchain platform that offers a new approach to protecting privacy and increasing scalability. It has the potential to play an important role in the future.