Oasis Network (ROSE): A Privacy-First Blockchain Platform
Oasis Network is a blockchain platform focused on privacy and scalability, launched by the Oasis Foundation. It combines secure computing with a unique architecture to support decentralized applications (dApps) that require high throughput and privacy.
Key Components: Consensus Layer and ParaTimes
The network’s architecture includes the Consensus Layer, which uses Proof-of-Stake (PoS) to maintain the ledger, and ParaTimes, customizable environments for running smart contracts. Recent updates include deeper integration with the Ethereum ecosystem through the Oasis Privacy Layer (OPL), enhancing cross-chain capabilities and maintaining Oasis as a key player in privacy-preserving DeFi.
Confidential Compute for Enhanced Privacy
Oasis uses confidential compute with secure hardware enclaves and zero-knowledge proofs to ensure private data processing, essential for its growing suite of privacy-preserving applications. The platform also plans to integrate new TEE technologies like Intel TDX to further enhance security.
ROSE Token: Utility and Governance
ROSE is the native token, used for staking, transaction fees, and governance. Recent developments include the introduction of user-friendly wallet features, such as mobile apps for easier staking and transaction management, ensuring the network remains active and accessible.
Applications and Ecosystem
Oasis supports applications in DeFi, data tokenization (data availability), and identity management. The network is also enhancing developer tools and user interfaces to improve the overall experience and foster broader adoption..
Team and Growth
Led by Dawn Song, the Oasis team continues to innovate, recently focusing on privacy-enabled DeFi and cross-ParaTime communication, keeping the network relevant and active in the rapidly evolving blockchain landscape.
Oasis Price Analysis
As of November 24 2024 Oasis has a marketcap of $665M.
This is {{percentagefromath}} from its all time high of $0.597347.
In terms of its tokenomics, there's a total supply of 10B with 67% currently outstanding.
Keep in mind Oasis has a fully diluted value of $988M which many investors might interpret as overvalued.
Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.
Summarized in part by ChatGPT 4 and Claude
