Oasis Network is a decentralized Layer 1 blockchain designed with high scalability and privacy protection to promote the development of Web3 and open finance. This platform uses a Proof-of-Stake (PoS) consensus mechanism and a unique architecture to provide a secure environment for decentralized applications (dApps).
1. How Oasis Network Works and Its Structure
1.1. Two-Layer Architecture
Oasis Network is built on two main layers:
• Consensus Layer: This is a well-scalable, high-performance, and secure consensus layer, using a Proof-of-Stake (PoS) consensus mechanism operated by a set of validator nodes to ensure decentralization for the platform.
• ParaTime Layer: Also known as the Execution Layer, this layer will run ParaTimes, each representing a computing environment for processing transactions. The separation between consensus and execution allows multiple ParaTimes to process transactions in parallel, enhancing the scalability and efficiency of the network.
1.2. Security and Privacy Features
Oasis Network prioritizes supporting applications aimed at promoting and developing data privacy, as well as focusing on user security. The platform creates Tokenized Data to allow users to control the data they generate and earn rewards by linking it to applications, creating the first responsible data economy.
1.3. Scalability
Oasis Network is scalable thanks to an advanced feature set that provides faster transaction speeds and higher throughput than other networks. By separating ParaTimes from Consensus, multiple ParaTimes can process transactions in parallel, meaning that complex workloads processed on one ParaTime will not slow down faster, simpler transactions on another ParaTime.
2. Key Features of the Project
• Private and Scalable DeFi: Oasis Network is the ideal place for DeFi applications due to its scalability, instant finality, gas fees lower than 99% compared to Ethereum, and high throughput. By providing end-to-end data security on the Blockchain, Oasis opens up exciting new use cases in DeFi such as Private Lending, Decentralized Lending, and Private AMM.
• Data Tokenization: Encrypted data is a combination of Confidential Computing and the Oasis Network's Blockchain. In this case, the Blockchain allows for logging and executing usage policies with high integrity and security, while Confidential Computing ensures that data remains private during computation and cannot be reused without permission.
• Expanded ParaTime Architecture: The Oasis ParaTime architecture supports fast transaction speeds, high scalability, and high workloads by separating execution from consensus into two layers. Multiple ParaTimes can operate in parallel to process transactions, helping to increase processing capacity for large workloads. This ParaTime layer is also fully decentralized, allowing anyone to create their own ParaTime, supporting a rich ecosystem of applications and use cases.
3. Details About Capital Raising Rounds
In 2018, Oasis Labs raised $45 million in a Series A round with participation from top investment funds such as a16z, Polychain Capital, Pantera, MetaStable, and several others. In this round, Oasis sold approximately 2.3 billion ROSE, accounting for 23% of Oasis Network's total supply.
4. Tokenomics of Oasis Network (ROSE)
4.1. Basic Information
• Token Name: Oasis ROSE
• Symbol: ROSE
• Blockchain: Oasis Blockchain
• Token Type: Utility
• Total Supply: ~10,000,000,000 ROSE
• Circulating Supply: 5,725,718,533 ROSE
4.2. Token Distribution
The total supply of ROSE is allocated as follows:
1. Ecosystem and DApp Development (30%):
• Designed to encourage developers to build decentralized applications on the Oasis platform.
• Gradually distributed over the years.
2. Staking and Network Rewards (20%):
• Used to reward validators and participants in staking to secure the network.
• Periodic distribution according to an inflation mechanism.
3. Core Development Team (20%):
• Allocated to the founding team and key members.
• Token lock-up period: from 2 to 4 years, gradually unlocked according to a schedule.
4. Investors and Partners (15%): Includes funding rounds from major funds like Binance Labs, a16z, and Polychain Capital.
• Tokens are often locked for about 1-2 years, depending on the investment round.
5. Strategic Reserves (15%): Used to develop a long-term ecosystem, including educational initiatives and project support funds.
4.3. Purpose of using ROSE Token
The ROSE token of Oasis Network is designed for various purposes, including:
• Transaction Fee Payments: ROSE is used to pay transaction fees on the network.
• Staking: Users can stake ROSE to become validators or delegate their tokens to other validators to receive staking rewards.
• Supporting ParaTime: ROSE tokens are used in the ParaTime layer, such as for payments for services or data related to applications running on this layer.
5. Development Team and Advisors of Oasis Network
Oasis Network was founded by Dawn Song, a professor of Computer Science at the University of California, Berkeley, and a renowned expert in the fields of security and machine learning.
5.1. Notable Team
• Dawn Song: Founder and CEO of Oasis Labs, with many years of experience in fields such as security, AI, and blockchain.
• Raymond Cheng: CTO of Oasis Labs, focusing on decentralized architecture design.
• Other members: Including scientists, software developers, and business experts from leading companies such as Google, Apple, Amazon, and UC Berkeley.
5.2. Project Advisors
The project also has support from experienced advisors such as:
• Balaji Srinivasan: Former CTO of Coinbase.
• Noah Johnson: A leading scientist in the field of security and privacy data processing.
6. Investment Funds Supporting Oasis Network
Oasis Network receives support from many top venture capital funds worldwide, including:
• a16z (Andreessen Horowitz): One of the leading investment funds in the blockchain technology field.
• Binance Labs: The investment arm of Binance, has supported Oasis Network in its early fundraising rounds.
• Polychain Capital: An investment fund specializing in promising blockchain projects.
• Pantera Capital: One of the oldest and most reputable blockchain investment funds in the industry.
7. Important Events from Launch to 12/2024
7.1. Important Milestones
• 2018: Oasis Labs was founded and completed a Series A round with $45 million.
• 2020: Launched the official mainnet and announced the ROSE token.
• 2021: Oasis Network collaborated with Binance to support the integration of DeFi applications and dApps.
• 2022: Launched multiple new ParaTimes, especially Cipher ParaTime, providing security features for sensitive transactions.
• 2023-2024: Oasis Network expands partnerships with companies like BMW and Meta to integrate blockchain services into the real industry.
7.2. Technology Upgrades
Oasis Network has implemented significant upgrades to enhance security features and optimize transaction processing performance, especially in the fields of AI and Web3.
8. Development Roadmap 2024-2025
8.1. Plans for 2024
• Supporting Web3: Promoting Web3 integration to build new decentralized applications.
• Enhanced Security: Upgrading the ParaTime layer to improve encryption capabilities and data protection.
• Expanding Partnerships: Continuing to collaborate with large organizations to apply blockchain in finance and business.
8.2. Plans for 2025
• Ecosystem Development: Supporting more projects to expand the Oasis Network ecosystem.
• Launch of New Products: Expected to launch data management services for individuals and businesses.
• Increasing Interoperability: Introducing full interoperability with major other blockchain networks such as Ethereum and Polkadot.
9. Investment Potential of Oasis Network
Oasis Network is regarded as a promising project thanks to its strengths in scalability, security, and practical applications across many fields. However, investing in ROSE tokens still carries risks due to the volatility of the cryptocurrency market.
10. Where to Buy ROSE Tokens?
You can buy tokens $ROSE on major exchanges such as:
• Binance: Leading cryptocurrency exchange supporting ROSE with various trading pairs.
• KuCoin, Gate.io, Coinbase: Also providing ROSE trading pairs.
Note: ROSE tokens are highly volatile, so consider and research carefully before investing.
Source: BLOGTIENAO - @Blog Tiền Ảo