Article Summary, Automatically Generated By AI
Here is the summary in HTML format:
About Wrapped Rose
Key Points
- Oasis Network (ROSE) is a privacy-enabled and scalable layer-1 blockchain network.
- It combines high throughput and low gas fees with secure architecture.
- Oasis has a total supply of 10 billion ROSE, with 1.5 billion in circulation.
- Token distribution: 23.5% for staking rewards, 23% for backers, 5% for strategic partners & reserve, 18.5% for community & ecosystem, 10% for foundation endowment, and 20% for core contributors.
- ROSE is used for transaction fees, staking, and delegation at the Consensus Layer.</
About Wrapped Rose: A Beacon of Innovation in the Realm of Digital Assets
Oasis Network (ROSE): A Comprehensive Overview
Oasis is the pioneering privacy-enabled and scalable layer-1 blockchain network, seamlessly integrating high throughput and low gas fees with robust architecture to provide a cutting-edge foundation for Web3, empowering DeFi, GameFi, NFTs, Metaverse, data tokenization, and Data DAOs. Oasis is poised to propel Web3 forward, scaling and evolving it from its nascent stages to maturity. Backed by esteemed industry leaders, Oasis has recently announced a $200 million Ecosystem Fund to support innovative projects building on the network, and has established strategic partnerships with prominent Fortune 500 companies, including the CryptoSafe Alliance with Binance, the BMW Group, and others. As one of the top two invested blockchains by top VCs, Oasis boasts one of the fastest-growing developer networks in the industry, according to Messari.
Oasis Network: A Paradigm of Unparalleled Distinction
Oasis Network (ROSE) Coin Circulation: A Quantitative Breakdown
The current circulating supply of Oasis Network’s ROSE tokens stands at 1.5 billion, with a total capped supply of 10 billion ROSE. The token distribution is allocated as follows:
- 23.5% – allocated for staking rewards, incentivizing network participation
- 23% – dedicated to backers, acknowledging their early support
- 5% – reserved for strategic partners and allocated for future reserve purposes
- 18.5% – committed to fostering a thriving community and ecosystem
- 10% – endowed to the foundation, ensuring its long-term sustainability
- 20% – allocated to core contributors, recognizing their invaluable expertise
A total of 2.3 billion tokens will be distributed as staking rewards to stakers and delegators over a period of ten years, in recognition of their contributions to securing the network. The ROSE token serves a multifaceted purpose, facilitating transaction fees, staking, and delegation at the Consensus Layer. By participating in the staking process with ROSE, users can play a pivotal role in securing the Oasis blockchain, earning attractive rewards of up to 20% APY in the process.
The Oasis Network’s Security Mechanisms: A Robust Framework
The consensus layer is a proof-of-stake (PoS)-secured blockchain, underpinned by a decentralized network of validator nodes, independently operated by diverse stakeholders. The segregation of execution from consensus is ensured through the utilization of fraud proofs. On the Oasis Network’s Cipher ParaTime, nodes are mandated to employ a type of secure computing technology, known as a Trusted Execution Environment (TEE), which functions as a hypothetical black box for confidential smart contract execution. Encrypted data, accompanied by the smart contract, is fed into the black box, whereupon the data is decrypted, processed by the smart contract, and subsequently re-encrypted before being transmitted out of the TEE. This process guarantees the confidentiality of data, ensuring that it remains impervious to unauthorized access by node operators or application developers.
Where to Acquire Oasis Network (ROSE) Tokens
ROSE is proudly listed on a plethora of esteemed cryptocurrency exchanges, including Binance, KuCoin, Gate.io, Coinlist, and Bitfinex, among others.
Innovative Technology Infrastructure
- Oasis Network’s innovative architecture separates consensus and execution into two distinct layers, namely the Consensus Layer and the ParaTime Layer, thereby fostering enhanced scalability and versatility.
- The decoupling of consensus and execution enables multiple ParaTimes to process transactions in parallel, ensuring that complex workloads on one ParaTime do not impede the rapid processing of simpler transactions on another.
- Oasis Network stands out as the only layer-1 blockchain to offer native support for Rollups at the Consensus Layer, a testament to its cutting-edge design.
- The ParaTime Layer is entirely decentralized, empowering anyone to develop and build their own ParaTime, each tailored to meet the specific needs of a particular application, such as confidential compute, open or closed committees, and more.
- The network’s sophisticated discrepancy detection mechanism makes Oasis more efficient than sharding and parachains, requiring a smaller replication factor for the same level of security, thereby optimizing performance.
- Currently, there are three ParaTimes built by the Oasis core team already operational on the network.
- Emerald ParaTime, the EVM-compatible ParaTime, was designed to address the pain points faced by Solidity developers, namely high fees and low throughput. Emerald resolves these issues by increasing transaction throughput to up to 1,000 per second and reducing fees by 99%+ compared to Ethereum, thereby expanding the network’s accessibility to a broader user base.
- Cipher ParaTime, the confidential smart contract ParaTime, boasts features that Oasis uniquely supports, including privacy-preserving smart contracts. Like Emerald, it offers high throughput, instant finality, and low fees, with the added benefit of privacy-preserving features. Cipher enables decentralized exchanges to prevent front-running transactions, NFT users to protect their assets privately, and has the potential to unlock trillions in credit and lending markets from traditional finance.
- Parcel ParaTime, the confidential data storage, governance, and compute ParaTime, has already garnered partnerships with esteemed enterprises like Nebula Genomics, Genetica, and BMW, utilizing it to store sensitive data such as human genomic data. Parcel enables governance, confidential computation, and private analysis of data. Application developers can leverage the Parcel SDK to integrate privacy-preserving data storage, governance, and computation into their applications. Moreover, Parcel serves as a data tokenization engine, capable of converting any data into an NFT. We envision this functionality to empower individuals to reclaim control over the data they create, transforming it into assets they can stake and earn rewards, thereby fostering a new responsible data economy.
The Visionary Minds Behind the Project
The Oasis Team comprises a diverse array of exceptional talent from around the globe, boasting an impressive roster of alumni from esteemed institutions such as Apple, Google, Amazon, Goldman Sachs, UC Berkeley, Carnegie Mellon, Stanford, Harvard, and more. The core engineering team is predominantly comprised of PhD-level experts, all of whom are deeply committed to driving the growth and expansion of the Oasis Network. With strong academic roots, the project benefits from the guidance of Dawn Song, a renowned professor at the University of California, Berkeley, and a leading authority on computer security and trustworthy artificial intelligence. As the Founder of Oasis Labs, an active member of the Oasis Ecosystem and early contributor to the Oasis technology, her expertise lends significant credibility to the project. Furthermore, the project enjoys the backing of prominent VC firms and investors, including Andreessen Horowitz, Accel, Binance Labs, Polychain, Pantera, and many others.
Introducing the Oasis Network: A Pioneering, Privacy-Enabled Layer-1 Blockchain
At the forefront of scalable, privacy-enabled blockchain innovation, ParaTimes on the Oasis Network empowers users to monetize their data while maintaining absolute confidentiality, thereby unlocking novel Web 3 use cases, including digital identity and private metaverse applications, all within the realm of blockchain.
Embracing the Future of Decentralized Finance: Scalability and Privacy Convergence
Trillions of dollars in existing financial markets stand poised to enter the space. The proliferation of DeFi, however, is hindered by a trifecta of limitations: a lack of privacy, inadequate security, and exorbitant fees. Consequently, the system is overwhelmed and expensive, rendering it impossible to scale. Oasis Network, a Layer 1 blockchain, is poised to propel DeFi beyond its early adopters, paving the way for mass-market adoption. By enabling Data Tokenization, the Oasis Network can unlock groundbreaking use cases for blockchain, giving rise to an entirely new ecosystem of apps and projects on the network. This, in turn, will power the next generation of privacy-first applications that reward users for the value they create.
Data-Backed NFTs: Embracing the Future of Digital Collectibles at Oasis
Data-backed tokens, a novel iteration of NFTs, derive their value from the data they contain. Currently, NFTs are primarily utilized for static assets, such as art and music. Data NFTs, however, take this concept to the next level by storing and representing complex pieces of data. These tokens can store both physical and digital data, including financial records and transactions, health and medical records, and more. By doing so, Data NFTs flip the traditional value exchange on its head. Users regain control and ownership of their data, allowing them to upload it to their NFT and dictate who has access to it and who doesn’t. In this context, privacy is paramount, as the absence of robust safeguards could expose consumers to fraudulent or malicious activities. To propel the internet forward, it is essential to migrate applications handling sensitive data to blockchain-based platforms. Decentralized networks, such as the Oasis Network, offer transparency in online transactions while maintaining the privacy of underlying data.
Data-driven tokens and NFTs on the Oasis Network facilitate private ownership while empowering smart contracts to authenticate requisite information, thereby ensuring the confidentiality, security, and integrity of assets and transactions, shielded from potential attacks and third-party exposure.