Article Summary, Automatically Generated By AI
About Oasis
Key Points
- Oasis is a layer 1 blockchain designed for scalability and confidential compute.
- Native token: ROSE, used for gas fees, staking, delegation, and governance.
- Unique features: Smart Privacy, Layered Architecture, and Efficient Confidentiality.
- Total supply of ROSE: 10 billion, with 6.5 billion in circulation.
- Secured by proof-of-stake (PoS) mechanism and fraud proofs.
- Supported by a $235 million Ecosystem Fund and an active grants program.
Case Studies and Examples
- Sapphire: the first confidential EVM-compatible
About Oasis: A Beacon of Innovation in the Cryptoverse
Oasis Network: A Pioneering Decentralized Platform
Oasis is a trailblazing layer 1 blockchain engineered to unlock unparalleled scalability and confidential computing capabilities. As a pioneering platform, Oasis is proud to host Sapphire, the inaugural confidential EVM, which empowers Web3 and Decentralized AI developers to craft innovative dApps infused with native Smart Privacy, seamlessly deployable on Oasis or other EVM-based blockchain networks.
ROSE, the native token of the Oasis Network, serves as the primary medium for gas fees, staking, delegation, and governance. Notably, Oasis boasts a distinctive layered architecture, providing an optimal environment for building and executing a wide range of applications, including DeFi, AI, GameFi, NFTs, the metaverse, data tokenization, and DAO governance. Furthermore, Oasis offers native support for rollups at the consensus layer, thereby enhancing its capabilities.
Oasis Network: A Paradigm of Unparalleled Distinction
- Innovative Privacy Protection
Oasis is revolutionizing the world of decentralized applications (dApps) by introducing a novel approach to privacy. By providing a flexible and fully customizable confidentiality framework, Oasis is poised to replace the current rigid, complex, and inefficient tools that dominate the status quo. Leveraging cutting-edge technologies such as the Sapphire runtime and the Oasis Privacy Layer (OPL) for EVM-based chains, Oasis empowers Web3 developers to integrate robust confidentiality features into their applications, regardless of whether they are built directly on the Oasis Network or hosted on separate chains. The OPL enables seamless integration of Sapphire’s powerful privacy features across any layer of Web3, allowing for unparalleled customizability and flexibility. By creating a spectrum of confidentiality options, Oasis is redefining the way developers approach privacy in Web3 and AI, and reshaping the toolset available for prioritizing confidentiality in these domains.
- A Hierarchical System Architecture
At the core of the Oasis Network’s architectural design lies a pivotal decision: the segregation of the consensus layer from the compute layer. This deliberate separation enables Oasis to provide privacy-preserving computation via runtime environments on the compute layer. A proof-of-stake (PoS) mechanism underpins the consensus layer, serving as a central hub for achieving network-wide consensus on transaction ordering, validity, and global state. Meanwhile, the compute layer, which functions as the execution platform for smart contracts, comprises multiple parallel runtimes (ParaTimes) tailored to cater to specialized computation needs.
This multi-layered approach facilitates the dynamic and cost-effective deployment of any decentralized applications (dApps) built on Oasis or leveraging Oasis technology, even when operating on a separate host network. Each ParaTime seamlessly integrates with the Oasis consensus layer. Furthermore, each Oasis runtime can evolve independently, unhindered by the others, while still benefiting from the robust security guarantees provided by the consensus layer, thereby empowering users and developers with complete autonomy over the execution and confidentiality of their dApps and associated data.
- Ensuring Unparalleled Confidentiality with State-of-the-Art Security Measures
Oasis distinguishes itself from other privacy networks and technologies by
striking a delicate balance between efficiency and confidentiality. Regardless of
the varying amounts and types of user data managed by each dApp, Oasis
processes every data load with unwavering efficiency. Whether it’s data-intensive
smart contracts or straightforward transaction data, both can be executed with
seamless efficiency, optionally bolstered by end-to-end encryption, within one of
the Oasis runtimes.
By decoupling consensus and compute layers, Oasis empowers its execution environments to function independently, unshackled by mutual interference. Consensus is resolved on a distinct layer, accessible to applications operating on the compute layer as needed. Unlike other networks that sacrifice efficiency for extreme privacy or vice versa, the Oasis architecture masterfully reconciles both, achieving a harmonious balance between the two.
Oasis Network (ROSE) Coin Circulation: A Quantitative Breakdown
The current circulating supply of Oasis Network’s native cryptocurrency, ROSE, stands at 6.5 billion tokens, with a hard-capped total supply of 10 billion ROSE. The initial token distribution at the genesis of the network was as follows:
- 23.5% – Allocation for staking rewards, fostering a robust network
- 23% – Dedicated to backers, acknowledging their invaluable support
- 5% – Reserved for strategic partnerships and future development
- 18.5% – Empowering the community and nurturing a thriving ecosystem
- 10% – Endowment for the foundation, ensuring a sustainable future
- 20% – Recognizing the invaluable contributions of core contributors
ROSE serves as the utility token for the Oasis Network, facilitating transaction fees, staking, delegation, and governance on the consensus layer. Additionally, it is utilized to cover transaction fees and compute costs within the Oasis compute layer.
The Oasis Network’s Security Paradigm: A Robust Framework
Oasis is fortified by a proof-of-stake (PoS) mechanism on its consensus layer,
which is underpinned by a decentralized network of independent validator nodes
operated by a global community of users. The integrity of the separate compute
and consensus layers in the network is ensured by fraud proofs based on
discrepancy detection. For confidential runtimes like Sapphire and Cipher,
Oasis nodes are mandated to utilize a type of secure computing technology
known as a Trusted Execution Environment (TEE), which functions as a black
box for smart contract execution, leveraging encrypted memory and remote
attestation. Encrypted data, accompanied by the smart contract and validity
proofs, is fed into the system. The data is then validated, decrypted, and
processed by the smart contract. Subsequently, the contract data is
re-encrypted before being transmitted out of the TEE. This process not only
mitigates developer and user friction but also ensures that data remains
confidential and is never compromised, even to node operators or application
developers.
The Visionaries Behind the Project
The Oasis Network is the culmination of a collaborative effort by a diverse, decentralized community of engineers and developers. Notably, the core contributors boast an impressive array of PhD holders, who are renowned specialists in the realms of computer security and cryptography. Furthermore, Oasis benefits from the backing of a prestigious group of industry leaders and external contributors, who collectively support a substantial $235 million Ecosystem Fund, dedicated to nurturing ecosystem development within Oasis. Additionally, the Oasis Foundation operates an active grants program, providing vital support to builders and creators who leverage the network.
Innovative Technology Infrastructure
The Oasis compute layer accommodates multiple parallel runtime environments, dubbed ParaTimes, empowering Web3 developers to craft decentralized applications on any existing runtime or even pioneer their own. Distinct ParaTimes can be cultivated in isolation, tailored to meet the specific demands of any application, encompassing privacy parameters, staking requirements, development languages, and beyond.
Currently, three distinct ParaTimes are operational on Oasis, namely Sapphire, Emerald, and Cipher.
Sapphire pioneers the realm of confidential EVM-compatible runtime, empowering developers to craft EVM-based on-chain decentralized applications (dApps) with smart contracts that span the entire spectrum of confidentiality, from complete secrecy to total transparency. This groundbreaking developer environment seamlessly integrates Oasis Smart Privacy technology, providing a familiar and intuitive building experience for EVM developers.
Emerald, a runtime built atop Oasis, boasts seamless EVM compatibility and exceptional high-performance scalability. Engineered to tackle two pivotal pain points plaguing every Web3 developer, Emerald addresses the pressing issues of exorbitant gas fees and cross-chain interoperability. By leveraging the Emerald runtime, developers can craft applications with the assurance that their users will be spared from performance bottlenecks and unexpected congestion.
Cipher is a WebAssembly (WASM)-based, privacy-centric runtime environment built atop Oasis, empowering developers to craft the next generation of confidential decentralized applications (dApps) using Rust, in conjunction with the Oasis Contract SDK.
However, the potential of Sapphire extends far beyond the realm of native Oasis developers. Through the Oasis Privacy Layer framework, Oasis is poised to democratize access to Sapphire’s robust privacy features, empowering developers across the entirety of Web3. By leveraging this innovative framework, crypto developers can effortlessly integrate Oasis-driven privacy solutions into their existing decentralized applications (dApps) on any EVM-compatible network, all without necessitating a cumbersome migration of their application and user base away from their native blockchain ecosystem.
For native builders and users of the Oasis Network, a comprehensive suite of tools is available, facilitating a seamless experience in monitoring and transacting on the network.
Oasis Wallet is the premier, non-custodial wallet for securely storing, sending, and receiving digital assets within the Oasis Network ecosystem. Following the successful deployment of Oasis Safe by ProtoFire on Sapphire, and in partnership with Transak, Oasis users can now leverage industry-leading custody options and seamless on-ramps, further enriching the Oasis ecosystem.
Oasis Explorer offers a seamless gateway to delve into the intricacies of on-chain activity, catering to both Oasis users and developers. By harnessing the power of comprehensive data and analytics across all Oasis runtime environments, the Explorer empowers users to scrutinize and analyze the growth and evolution of Oasis.
Oasis Nexus serves as the official indexing tool for the Oasis Network, doubling as the backend infrastructure for explorers and wallets. By continuously fetching blockchain data from one or more Oasis nodes, Nexus parses and stores the information in a heavily indexed SQL database, thereby providing a JSON-based web API for seamless data access.