Oasis Network

Oasis Network Price

rose

$0.092124
bybit downs
-1.30%
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Market Statistics

Market Cap
621.04M
24H Volume
--
Circulating Supply
6.73B
Max Supply
10.00B

Live ROSE Price Summary

As of 17 apr 2024, the global cryptocurrency market cap is $621.04M with a -1.46% change in the last 24 hours. ROSE's current price is $0.092124, with a 24-hour trading volume of $--. ROSE is -1.30% in the last 24 hours, with a circulating supply of 6.73B ROSE coins and a maximum supply of 10.00B ROSE coins. ROSE ranks 132 by market cap. It has a 24H high of $0.094652 recorded on 17 apr 2024, and its 24H low so far is $0.087049, recorded on 17 apr 2024.

What Is the Highest Price of ROSE?

ROSE has an all-time high (ATH) of $0.597347 , recorded on 15 jan 2022.

What Is the Lowest Price of ROSE?

ROSE has an all-time low (ATL) of $0.03200566, recorded on 26 nov 2020.

About Oasis Network (ROSE)

The Oasis Network is reshaping the blockchain landscape by focusing on privacy without compromising scalability. Whether you’re a user interested in efficient transactions or a developer looking to build secure apps, the network’s platform, underpinned by its native ROSE token, is geared toward creating a seamless experience. In this article, we’ll peel back the layers of the Oasis Network to understand “what is Oasis Network” and how it achieves this balance, and what it could mean for the future of blockchain technology.

Key Takeaways

  • The Oasis Network boasts a dual-layer architecture with a consensus layer for security and transaction finality, and a ParaTime layer for parallel transaction processing, allowing scalability and reduced gas fees while providing privacy-focused features through confidential computation technologies such as trusted execution environments and Intel SGX.

  • The network’s native token, ROSE, has various utilities within the ecosystem, including transaction payment and staking, with a fixed total supply and a distribution schedule that aligns with network incentives, offering significant staking rewards to encourage network security.

  • Oasis Network supports a diverse range of applications including privacy-centric dApps, DeFi, GameFi, NFTs, and data tokenization. It is committed to the responsible development of AI with privacy-preserving technologies and has established a supportive ecosystem fund and active community involvement to foster growth and innovation.

What is Oasis Network?

The infrastructure of the Oasis Network is an architectural marvel, comprised of two main components: the consensus layer and the ParaTime layer, operating harmoniously to uphold the network’s operations. This clever separation of compute and consensus operations paves the way for parallel processing of transactions by multiple ParaTimes, fueling the network’s impressive scalability.

But what does this mean for the average user? Imagine enjoying instant finality and low gas fees compared to Ethereum, all while addressing critical DeFi market issues such as privacy, security, and high transaction costs. For developers, the network’s economic efficiency is a game-changer, offering 99% lower gas fees than Ethereum and significant protections against miner extractable value (MEV).

The Consensus Layer

The Oasis Network employs a proof-of-stake (PoS) consensus mechanism, a system that assures scalable and high-throughput capabilities while ensuring network security. The network’s integrity and security aren’t just buzzwords, but the actual backbone of the system, maintained by a decentralized and diverse set of validator nodes distributed globally that participate in the Oasis Network’s consensus process.

This architecture separates the consensus layer from execution, optimizing scalability and enhancing overall network efficiency by coordinating with various ParaTimes. To encourage active participation in the network’s consensus process, the Oasis Network employs a fee-sharing mechanism that rewards validators and allocates fees collected from transaction costs.

The ParaTime Layer

The ParaTime layer of Oasis Network is a unique component, consisting of multiple parallel runtimes known as ParaTimes, each a replicated compute environment that contributes to the network’s scalability and versatility. These ParaTimes are decentralized, empowering anyone to build their personalized environment tailored for specific application needs, and can be permissioned or permissionless, thereby supporting both private enterprises and open community projects. One such example is the oasis network’s cipher paratime, which adds an extra layer of security and privacy to the network.

The architecture of the ParaTime layer supports different runtime virtual machines, including EVM-compatible engines and Rust-based smart contract languages, catering to various application requirements. Oasis Network’s scalability is further enhanced by its modular design, which separates consensus and execution layers, thus supporting parallel processing and promoting more efficient transaction processing.

Privacy Features and Confidential Computing

Privacy is a cornerstone of the Oasis Network, as it pioneers the first-ever ParaTime offering support for confidential smart contracts, ensuring data remains confidential and hidden from validators during smart contract execution. The secure architecture of the Oasis Network employs a secure computing technology called trusted execution environment (TEE) and Intel’s SGX for confidential compute, securing smart contract data.

Further bolstering data privacy, the network explores additional techniques like secure multi-party compute, federated learning, and zero-knowledge proofs, all while handling encrypted data. Compared to Bitcoin’s transparency and Ethereum’s traditional smart contracts, Oasis Network’s focus on privacy through features like the Cipher ParaTime, confidential contracts, and the oasis privacy layer establishes it as a unique solution in the blockchain space.

The ROSE Token: Utility and Market Presence

Stepping into the financial realm of the Oasis Network, we find the ROSE, the native token of the Oasis Network. This digital asset is utilized to pay for transaction fees, staking, and other network activities. Bridging tokens from different blockchains into the Oasis Network is facilitated by partnerships with bridging services like Wormhole, Celer, and Multichain, expanding the utility of various tokenized assets within the Oasis DeFi space.

The ROSE isn’t just a digital flower in the Oasis garden; it’s a token gaining recognition and accessibility. The Oasis Network and its native ROSE token have been listed on major cryptocurrency exchanges such as KuCoin, enabling easier access for traders and investors.

Tokenomics and Distribution

The Oasis Network operates with a fixed supply of 10 billion oasis network rose tokens. Of these tokens, approximately 30% are allocated to the team, advisors, and early investors, with the rest to be distributed as network rewards and staking incentives.

Around 2.3 billion ROSE tokens from the total supply are reserved specifically for staking rewards. These tokens are released according to a predefined schedule, aimed to be fully distributed by November 2030, with the circulating supply as of 17 apr 2024 standing at approximately 6.73B tokens.

Staking and Delegation

Staking on the Oasis Network is more than just a passive activity; it’s a commitment to secure the network by users with their ROSE tokens. Users can delegate their ROSE tokens to validator nodes, entrusting them to validate transactions and maintain the network’s integrity. Validators, in turn, are encouraged to act honestly by staking tokens as a form of collateral, ensuring their interests are aligned with the network’s security.

Staking isn’t just a security measure; it’s a ticket to rewards. Delegators who stake their ROSE tokens can earn rewards, with potential annual returns ranging from 5% to 20% based on the performance of their selected validator.

Use Cases and Applications

The Oasis Network isn’t just a technological marvel; it’s a versatile platform designed to support an expanding ecosystem of decentralized applications by delivering enhanced speed and cost-efficiency compared to other blockchains. From privacy-centric decentralized applications to DeFi and data tokenization, the network leverages its distinct privacy and scalability features to cater to a vast range of applications.

With its groundbreaking privacy features, the Oasis Network enables confidential smart contracts allowing data to processed in secrecy, giving rise to a novel class of digital asset known as Tokenized Data. The Oasis Network is designed to empower a wide range of applications such as:

  • DeFi

  • GameFi

  • NFTs

  • Metaverse initiatives

  • Data tokenization

  • Data DAOs

Whether it’s the bustling DeFi ecosystem including platforms like YuzuSwap and Gemkeeper Finance, or the pioneering data DAOs, the Oasis Network offers a platform for various innovative applications.

Decentralized Finance (DeFi)

The Oasis Network is setting a new standard for Decentralized Finance (DeFi). By enabling the development of confidential smart contracts and scalable, private DeFi applications, it is transforming the DeFi landscape.

By enabling under-collateralized lending and preventing unethical trading practices like front/back running, the Oasis Network can help DeFi reach broader adoption in conventional finance sectors. This is a game-changer for DeFi, setting the stage for a more inclusive and equitable financial ecosystem.

Non-Fungible Tokens (NFTs)

The NFT wave has hit the Oasis Network. MetaMirror, the first NFT marketplace on Oasis Network, facilitates trading and community engagement with NFT collections such as the Oasis AI ROSE and ‘Army of Minions’. MLaunch on MetaMirror provides artists with code-free NFT Launchpad services and automated tools to engage communities, ushering traditional fans into the Web3 era.

The Oasis Network is pushing the boundaries of NFTs, developing versatile confidentiality tools that allow for the creation of secure digital identities and conditional data permissions for NFTs. Data NFTs on the Oasis Network enable control over computations on data tied to the token, enforcing privacy and underpinning the evolution of responsible AI.

Trustworthy Artificial Intelligence (AI)

Artificial Intelligence (AI) is at the forefront of technological innovation, and the Oasis Network is fostering its responsible development by utilizing blockchain and confidential computing to ensure data privacy and computer security throughout computation processes. By collaborating with industry leaders, Oasis Network is building the foundation to address critical AI issues such as eliminating bias and enhancing privacy in AI applications.

Through partnerships with Meta (formerly Facebook), Oasis Labs implemented an MPC-based system to measure AI bias while protecting sensitive data, showcasing the practical impact of their joint efforts on responsible AI. Furthermore, working with Personal.ai to safeguard conversational AI models’ data highlights the importance of consent and privacy in AI development.

Data DAOs on the Oasis Network enhance individual data rights by rewarding data owners and maintaining confidentiality in AI analytics and model training, promoting responsible AI practice and data governance.

The Oasis Ecosystem Fund and Community

The Oasis Ecosystem Fund, supported by the Oasis Foundation, is a significant commitment made by the Oasis Network, amounting to $160 million, to foster growth within the network. Investment from the Oasis Ecosystem Fund targets both new startups and existing projects to encourage innovation on the Oasis Network.

However, the growth and success of the Oasis Network are not just about funding and investments; it’s about community. The active participation of its community, which includes developers and project founders, is heavily relied upon in the network’s operation and development.

Funding and Support

The Oasis Ecosystem Fund offers more than just financial support to developers. It provides technical expertise, mentoring, and access to a network of industry backers, creating a holistic support system for developers. Top industry backers such as AME Cloud Ventures, Dragonfly Capital Partners, and Pantera Capital support the Oasis Ecosystem Fund.

The interest in Oasis Network is evident, with over 300 teams having applied to the Oasis Grants Program in the past year. This interest underscores the potential of the Oasis Network and the exciting opportunities it offers for innovation.

Community Involvement

Community participation is at the heart of the Oasis Network. It involves node operators, technical contributors, and app developers, all contributing to the development and operation of the network. Like many other decentralized networks, Oasis Network has on-chain governance that allows community members to partake in decision-making processes.

The Oasis Network promotes community involvement through various initiatives, including:

  • The largest Layer-1 Blockchain University Program, aimed at engaging and fostering a robust ecosystem

  • Active participation and collaborative efforts from community members

  • Significant contributions to scaling and innovation within the Oasis Network ecosystem

Comparing Oasis Network with Other Blockchain Networks

In the grand scheme of blockchain networks, the Oasis Network stands out for its unique features. It provides higher scalability and performance for running Ethereum-compatible DApps on its ParaTime layer, coupled with significantly reduced gas fees.

However, like any technology, the Oasis Network has its challenges. In the process of scaling, it confronts issues with maintaining decentralization and ensuring network security, reflecting a broader concern across many blockchain networks.

Compared to blockchains like Polkadot, which focus heavily on interoperability, Oasis Network has more limited capabilities when it comes to cross-chain communication.

Summary

The Oasis Network is a pioneering blockchain ecosystem, offering unique features around privacy, scalability, and versatility. From its architectural marvel of the Consensus and ParaTime layers to the robust ROSE token and its various use cases and applications, the network is a testament to innovation. Backed by the Oasis Ecosystem Fund and driven by an active community, the network is poised for significant growth and development. While it faces challenges, the potential of the Oasis Network remains vast. As we step into a new era of blockchain technology, Oasis Network is well-positioned to lead the way.

Frequently Asked Questions

What is Oasis network used for?

Oasis network is used for developing privacy-focused decentralized applications through its open-source blockchain platform, which provides tools for confidential computation. This allows for scalable and versatile blockchain infrastructure.

What does Oasis app do?

The Oasis app allows tobacco consumers 21 and older to access mobile coupon offers for tobacco products, which can be redeemed at participating stores using the store locator feature.

What is Oasis platform?

OASIS is an online ordering platform used by academic librarians to streamline the process of selecting and acquiring content for use by patrons. It resolves common pain points for all academic libraries.

What is the ROSE token?

The ROSE token is the native token of the Oasis Network, used for transaction fees, staking, and other network activities. It is listed on major cryptocurrency exchanges.

What support does the Oasis Ecosystem Fund provide?

The Oasis Ecosystem Fund provides funding, technical expertise, mentoring, and access to a network of industry backers, committing $160 million to foster growth within the network.

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