Oasis Network ROSE Price

What is Oasis Network?

Advantages of the Oasis Network

Most public blockchains will only offer a pseudonym at best. Regardless of how good it is for transparency, not all users like when their transactional information is in the public domain. ON aims to remove this problem by providing a privacy-themed platform for the evolving decentralized economy. Of course, this is not the only advantage; the protocol uses the safe architecture and high bandwidth necessary to expand DeFi projects.

In this way, Oasis differs from platforms such as Ethereum, where everyone can see blockchain transactions. This is very popular among certain people, for example fans of online cryptocurrency gambling appreciate this kind of privacy. In general, we can say that Oasis Network users have a much higher degree of transaction privacy than in other public blockchains.

1. Privacy-focused blockchain that allows tokenization of, for example, social security numbers, bank statements, medical histories, or other non-public information.
2. High scalability achieved by differentiating two networks: the consensus superstructure and ParaTime (the ROSE blockchain privacy computing area). ParaTime is fully decentralized, allowing everyone to run their own ParaTime.
3. Staking, fixed maximum offer, and listing of the native altcoin Oasis Network on major CEX and DEX exchanges.

Structure of the Oasis Network

The blockchain architecture has two main components:

• Consensus layer: a scalable and secure Delegated Proof-of-Stake consensus algorithm managed by a decentralized set of validators.
• Separation of consensus and execution allows multiple ParaTimes to process multiple transactions in parallel, meaning that complex workloads processed in one ParaTime do not slow down faster while simpler transactions are processed in another.
• ParaTime layer: an environment that hosts multiple parallel execution environments ( ParaTimes ), with each one representing a replicated computing environment with a shared state.
• ParaTime layer is decentralized, allowing anyone to design and create their own ParaTime. Each ParaTime can be developed in isolation to meet the needs of a particular application, such as confidential computing, open or closed meetings, etc.

The Oasis Network can process more transactions than single-layer blockchains such as Ethereum. The developers have also added private smart contracts that provide pass-through functionality.

This regulation ensures that users receive fast and confidential transactions. The network's ability to create decentralized private applications has created a unique market for developers and entrepreneurs interested in private DeFi.

Features of Oasis Network

• Private DeFi : Oasis Network's privacy-oriented design can extend DeFi beyond its users and initial followers into a new major market. In addition, the innovative scalability design provides high-speed and high-bandwidth DeFi operations.
• Privacy Blockchain : Oasis Network states that it is the world's first scalable, privacy-enabled blockchain. ParaTimes on the Oasis Network can open up new usage options and applications for blockchain, using confidential computing technologies such as secure enclaves to keep data private.
• Enabled data tokenization: Oasis Network can tokenize data, expanding the capabilities of next-generation privacy-focused applications, creating the foundation for groundbreaking blockchain scenarios, application ecosystems and online projects.
• Fast-growing community : Oasis Network has a booming community of nearly a thousand node operators, developers, corporate partners, ambassadors and nearly 10 000 community members involved in global social channels.

ROSE

ROSE is a native Oasis network token with limited offerings and fees. It is used for staking and delegation on this network. It also acts as an intermediary for smart contract transactions that require a commission in ParaTimes.

ROSE is useful for betting and paying transaction fees. Staking helps protect blockchain and management because token holders help improve the network. Accordingly, token holders are rewarded for staking in proportion to the ROSE they supply.

The total supply of ROSE is 10 billion tokens. This number is important because it is large enough for the token to retain its transactional use. The project launched this token in late 2020, about two years after the development began.

ROSE Mining

The PoS consensus protocol, on which the Oasis Network's virtual architecture security is built, does not suggest mining the ecosystem's utility token through traditional methods. There are two ways to own ROSE, either by buying an altcoin on a cryptocurrency exchange or by receiving the rewards earned in a native Oasis token through classical staking, securing the Blockchain platform in this way.

Holders who lock the basic asset into their e-wallets receive up to 20% per annum. The size of the reward depends on the amount of ROSE deposited, as well as the period for which the funds have been frozen in the client. The larger the size of the bet and the longer the time of blocking, the higher are the profits.

Overall

The Oasis Network has tremendous potential, because it is designed to take advantage of multiple privacy-based niche computing modules that can help protect the privacy of contact data at any time. In addition, this network is scalable and provides fast transaction times while providing high data throughput.

ParaTime layers: the platform primarily uses a technology called ParaTimes, which allows data to be stored and protected in a highly confidential ecosystem. Moreover, the technology also enables thousands of smart transactions per second at the same time.