Oasis Network is a new-generation blockchain platform that stands out for its ability to ensure data confidentiality while guaranteeing interoperability and scalability. This project, symbolized by the ROSE cryptocurrency, aims to create a decentralized ecosystem where data is protected and secured without sacrificing platform performance. Discover what makes this project unique and explore the specifics of its blockchain. History, objectives, future prospects… We offer a detailed review of Oasis Network crypto to help you make informed investment decisions.
What is Oasis Network?
The technology behind Oasis Network is based on a parallelized architecture, composed of several blockchains called ParaTimes. This approach enables a large number of transactions to be processed simultaneously, offering greater scalability than traditional blockchains. ParaTimes have the advantage of being customizable to meet specific needs, making Oasis Network particularly well suited to applications in decentralized finance (DeFi), the Internet of Things (IoT) or digital identity management.
One of Oasis Network’s key features is data confidentiality. The platform uses cutting-edge technologies, such as zk-SNARKs (zero-knowledge disclosure proofs) and TEEs (secure bounding boxes), to ensure the confidentiality of information while enabling its use in decentralized applications (dApps).
At the same time, Oasis Network is emphasizing the importance of decentralized governance. ROSE crypto holders have the opportunity to participate in decision-making concerning the evolution of the network, such as adding new functionalities or modifying system parameters. This more democratic approach promotes the transparency and adaptability of the project, while ensuring a balance between the various stakeholders.
The history of Oasis Network
The history of Oasis Network, the blockchain platform that gave birth to the ROSE cryptocurrency, is marked by several key milestones that have contributed to its development. Here’s a look at the key dates in its history:
2018: birth of the Oasis Labs project. Oasis Network crypto founder is Dawn Song, a computer science professor at the University of California at Berkeley, the Oasis Labs project was the origin of what would later become Oasis Network. The initial vision was to create a blockchain platform that would guarantee data confidentiality and security, while offering optimal scalability and interoperability.
2019: fundraising and technological advances. Oasis Labs raises $45 million in a funding round led by investors including Andreessen Horowitz, Binance Labs and Pantera Capital. During this period, the development team works on designing the parallelized architecture and privacy technologies that will be at the heart of Oasis Network.
2020: launch of the test phase and Mainnet Beta. On April 17, 2020, Oasis Labs announces the launch of the network’s test phase. Developers and users are invited to make improvements. On November 18, 2020, the Oasis Network Mainnet Beta is launched.
2021 & 2022: consolidation and adoption. Oasis Network continues to develop, integrating new features and enhancing network performance. The platform forges strategic partnerships with companies and projects in the fields of decentralized finance (DeFi), the Internet of Things (IoT) and digital identity management.
2023: the platform launches the Oasis privacy layer on Sapphire and lays the foundations for a bridge to Ethereum, for greater interoperability between the two blockchains. A new Sapphire-compatible Oasis explorer is also deployed, and the platform takes advantage of Metamask Snaps to optimize the user experience at wallet level. Significant improvements are also made to Oasis Core to enhance its robustness and security.
Why was the Oasis Network designed?
The Oasis Network was designed to meet a number of specific needs. The network was developed with the primary objective of combining confidentiality, security and scalability, while enabling interoperability between different blockchains and decentralized applications (dApps). The creators of the Oasis Network identified several key problems facing current blockchain networks and sought to solve them with this new platform.
First and foremost, the Oasis Network aims to ensure the confidentiality of data and transactions. It is designed to protect user privacy and data security by using advanced privacy technologies, such as zero-knowledge disclosure proofs (zk-SNARKs) and secure multi-party computation (SMC). These technologies make it possible to process sensitive data without disclosing it, for greater confidentiality of transactions and user information.
In addition, the Oasis Network aims to improve the scalability of blockchain networks. The platform uses a parallelized architecture, with separate consensus chains for transactions and calculations. This enables the network to handle a large number of transactions simultaneously.
And let’s not forget to mention the fact that Oasis Network aims to create a decentralized, interoperable ecosystem for applications and data. The platform enables developers to create innovative dApps and easily deploy them on the network.
How does Oasis Network work?
Oasis Network blockchain stands out for its performance, flexibility and confidentiality. Discover its main features and functionalities here:
Confidentiality (Private by Design): thanks to an advanced algorithm and homomorphic encryption, Oasis Network ensures optimum data protection. Information is securely handled by the network, and cannot be disclosed without the owner’s consent.
Flexibility (Resilient Flexible Architecture): the Oasis Network is designed to adapt to different services and offer scalable functionalities. This flexible architecture enables users to tailor the platform to their specific needs.
Performance (Real-World Performance): Oasis Network is capable of handling complex calculations and separating these operations from consensus. This approach guarantees a high level of performance and an enhanced user experience.
Fault isolation: the Oasis Network system is fully separated, meaning that if one element fails, the rest of the network continues to operate. This feature makes the protocol even more stable and secure.
Scalability: Oasis Network makes it easy to add new algorithms, enabling the platform to be upgraded in record time.
Scalability: Oasis Network’s processing capacity increases in proportion to the number of nodes on the network. The more nodes there are, the greater the capacity of the platform to handle a large volume of transactions and operations.
Security: Oasis Network offers a secure space for managing users’ personal data. The platform focuses on information protection and guarantees the confidentiality of transactions carried out within the network.
Oasis network crypto review: a blockchain platform that stands out for its ability to reconcile confidentiality, performance and flexibility. Thanks to its resilient, scalable architecture, it meets users’ needs while offering the highest levels of security.
Where to buy Oasis Network?
Staking Oasis Network is a great way to earn rewards. So, are you wondering where to buy Oasis Network? Discover here three reliable platforms where you can buy the ROSE token, Oasis Network’s native cryptocurrency. Choose a reputable and secure exchange platform to avoid scams and fraud. Here are three suggestions to help you make your decision on how to buy Oasis Network:
Crypto.com is one of the most popular and secure cryptocurrency exchange platforms on the market. It offers a wide range of cryptocurrencies, including the ROSE token. To buy Oasis Network on Crypto.com, simply create an account, verify it, then make a deposit in fiat currency or cryptocurrency. Once you have sufficient funds, you can search for OOSE in the list of available digital assets and place a purchase order. Our preference for buying ROSE is Crypto.com, because of its security, ease of use and competitive fees.
Known for its high liquidity and wide range of trading pairs, Binance is the ideal place to buy Oasis Network. First, you’ll need to create and verify an account. You can then make a deposit in fiat currency or cryptocurrency. Once you have funds in your account, you can search for ROSE in the list of available digital assets and place a purchase order. Binance is a great option if you’re looking to diversify your cryptocurrency portfolio and take advantage of the platform’s high liquidity.
Coinbase is ideal for getting started in the world of cryptos and buying your first ROSE tokens! The platform is renowned for its ease of use and intuitive interface. To buy Oasis Network on Coinbase, you first need to create and verify an account. After making an initial deposit, search for ROSE in the list of available digital assets and place a purchase order. Although Coinbase is a solid option for beginners, it charges higher transaction fees than other platforms.
Before investing in the ROSE token, consider monitoring the Oasis Network price on a specialized platform or site such as CoinMarketCap, and do your own research.
Investing in Oasis Network’s ROSE token is attracting growing interest due to the platform’s past performance and prospects. But before making a decision, we need to weigh up the potential advantages and disadvantages of this investment.
Oasis Network predictionand chart:
ROSE has seen significant growth since its launch, with the fluctuations inherent in cryptocurrency prices. The growing adoption of the Oasis Network blockchain, particularly in the decentralized finance (DeFi), Internet of Things (IoT) and digital identity management sectors, suggests a promising future for the ROSE token.
Oasis Network Forecast:
What is Oasis Network value? Several specialists predict a price of Oasis network beyond its peak (0.56 USD) by 2026. Today, the Oasis Network stock price to USD is $0.084974.
Good and bad reasons to invest in Oasis Network
Data confidentiality: the Oasis Network platform emphasizes privacy and data confidentiality.
Flexibility and scalability: Oasis Network’s resilient, flexible architecture and ability to handle large volumes of transactions make it an attractive solution for developers of decentralized applications (dApps) and enterprises.
Growing adoption: the growth of the Oasis Network ecosystem and the integration of new partnerships could lead to increased demand for the ROSE token.
Market volatility: as with any cryptocurrency, the Oasis network euro price is subject to market volatility.
Competition: the crypto market is constantly evolving, with many competing projects seeking to offer similar solutions.
Our final opinion on Oasis Network
What about Oasis Network future? Will Oasis Network go up? Oasis Network presents itself as an innovative and promising blockchain platform, focused on data privacy, flexibility and scalability. The rapid development of the ecosystem, notably thanks to the $160 million incentive program unveiled in November 2021 by the foundation, bears witness to the ambition and seriousness of the project. Recent partnerships with Meta and Binance Labs, aimed at supporting projects in development on blockchain, further strengthen Oasis Network’s credibility and reveal its growth potential.
But one major question remains: in view of the growing popularity of the Oasis blockchain, will Oasis Network recover and be able to accommodate a large number of users without any noticeable malfunctions? Past experience with other popular blockchains suggests caution, and shows that network overload can be a major challenge.
Oasis Network will need to continue innovating and optimizing its technology to overcome any disruption caused by the growing number of users. If it succeeds in meeting this challenge, it could establish itself as a major player in the blockchain and cryptocurrency ecosystem.
In short, this is an interesting project that deserves the attention of investors. Indeed, Oasis Network has the potential to become a key player in the blockchain and cryptocurrency ecosystem.
FAQ - Frequently asked questions about Oasis Network crypto
How does privacy work on Oasis Network?
Oasis Network uses state-of-the-art technologies, such as zk-SNARKs (zero-knowledge disclosure proofs) and TEE (secure bounding boxes), to guarantee data confidentiality while enabling its use in decentralized applications (dApps).
What is Oasis Network's native cryptocurrency?
Oasis Network’s native cryptocurrency is the ROSE token. It is used for transactions, network participation and decentralized governance.
How can I participate in Oasis Network's decentralized governance?
As a holder of ROSE tokens, you can participate in the decentralized governance of Oasis Network by voting on proposals concerning the evolution of the network, the addition of new features or the modification of system parameters.
What are the main uses of Oasis Network?
Oasis Network can be used in decentralized finance (DeFi), the Internet of Things (IoT), digital identity management, healthcare, education and research. Its ability to ensure data confidentiality and process large volumes of transactions makes it an ideal solution for a wide range of applications.
Is it possible to create decentralized applications (dApps) on Oasis Network?
Yes, Oasis Network is designed to host and facilitate the development of decentralized applications (dApps).