Oasis Network

What is Oasis Network (ROSE)?

• Primary utility token of the Oasis Network, a privacy-enabled blockchain.

• They are used for transaction fees, staking, and delegation in the consensus layer.

Tokenomics

• It capped the maximum supply of 10 billion ROSE tokens.

• Distribution: 23.5% staking rewards, 23% backers, 20% core contributors, 18.5% community/ecosystem, 10% Oasis Foundation, 5% strategic partners/reserve.

Market Data

As of today #{today’s date}, the price of Oasis Network is ₹8.17 INR or 0.08837 USD, with a 24-hour trading volume of 9671957.04 USD. The market capitalisation for Oasis Network is 593703795.43USD. The circulating supply is 6713599876 Oasis Network, with the total supply also being 10000000000 Oasis Network.

Pros and Cons

Pros:

• Privacy-focused design, enabling confidential smart contracts and secure data sharing.

• Scalability and low transaction fees due to its unique architecture separating execution from consensus.

• Potential for many use cases, including DeFi, healthcare, and data tokenization.

Cons:

• As a newer and less established network, it may need help gaining widespread adoption compared to more established blockchains.

• The network's success is highly dependent on the adoption and development of its privacy-preserving features.

Why Should You Invest in the Coin?

• For its unique privacy features and scalability potential.

• The growing interest in data privacy and secure data economies.

USP of the Coin

• Privacy, scalability, and responsible data economy within Oasis Network.

• Confidential computing and private data capabilities on the ledger.

Problem the Coin is Solving

• Privacy and scalability issues in blockchain technology.

• Introduces confidential smart contracts and separates execution from consensus for network congestion alleviation.

Founder and Team Background

• ROSE was founded by Dawn Song, a professor at UC Berkeley.

• The team has experience from Google, Apple, and Amazon.

ICO Price

• ICO price was approximately $0.02 during the May 2018 backers round, raising $45 million.

Risks Associated in Investing in the Coin

• Market volatility, regulatory changes, technology risks.

• Network adoption and ecosystem development impact on ROSE value.

Whitepaper Insights

The Oasis Network whitepaper outlines the vision and technical architecture of a privacy-centric, scalable blockchain platform designed to power open finance and a responsible data economy. The network introduces a novel architecture that separates consensus and execution into two layers, which allows for increased scalability and the ability to support confidential smart contracts.

At the heart of the Oasis Network’s design is the concept of ParaTimes, which are parallel runtimes that provide a flexible and scalable environment for smart contract execution. Each ParaTime is a separate computing environment that can be customised for specific applications, allowing for diverse use cases ranging from DeFi to data tokenization.

The ROSE token is the native cryptocurrency of the Oasis Network, serving multiple purposes within the ecosystem. It is used to pay for transaction fees, incentivise validators through staking rewards, and enable users to participate in network governance. The tokenomics of ROSE are designed to ensure a fair distribution and align the incentives of all network participants.

One of the key innovations of the Oasis Network is its focus on privacy. The platform leverages secure computing technologies, such as Trusted Execution Environments (TEEs), to enable confidential smart contracts. This allows data to be processed privately and securely, unlocking new possibilities for data usage without compromising user privacy.

The whitepaper discusses the network’s consensus mechanism based on a Proof of Stake (PoS) model. This design choice reflects the network’s commitment to energy efficiency and security. Validators are selected to propose and validate blocks based on the amount of ROSE they have staked, ensuring that those with a vested interest in the network’s success are responsible for its security.

The Oasis Network aims to address several challenges existing blockchains face, such as lack of privacy, high fees, and limited scalability. By providing a platform that supports confidential computing and data governance, the Oasis Network positions itself as a solution for enterprises and developers looking to build privacy-preserving applications.

The whitepaper emphasises the network’s potential to create a new data economy where individuals can control their data and monetise it through tokenisation. This could lead to more equitable data markets and empower users to benefit from the value their data generates.

In summary, the Oasis Network whitepaper presents a comprehensive vision for a blockchain platform that prioritises privacy, scalability, and a responsible approach to data usage. The network’s architecture, combined with the utility of the ROSE token, sets the stage for a wide range of applications that could transform how data is managed and utilised in the digital age.