What is Oasis Network (ROSE)?

What is the Oasis Network?

(Source:@OasisProtocol)

Oasis Network (ROSE) is a Layer 1 decentralized blockchain network based on the Proof-of-Stake (PoS) consensus mechanism, focusing on the tokenization of data, allowing individuals to own and manage their data, while unlocking the value of data on a large scale while ensuring privacy. Oasis's core goal is to promote the development of Web3 and AI through privacy protection technology, enabling decentralized applications (dApps) to operate more securely and efficiently.

The core technology and architecture of Oasis Network

1. Smart Privacy
   Oasis Network provides highly customizable privacy protection, allowing developers to choose the degree of data openness. Whether it is completely private, completely public, or somewhere in between, it can be flexibly adjusted according to needs, enabling decentralized applications to unleash the potential value of data while ensuring privacy.

2. Scalable and Secure
   Oasis has high throughput, low Gas costs, and a modular architecture, enabling support for large-scale transactions and computations, which are crucial for high-demand decentralized finance (DeFi) and Web3 applications.

3. Native Cross-Chain Interoperability (Interoperable by Design)
   Oasis provides top-notch Solidity tools that allow developers to easily build privacy-protecting dApps. Through the Oasis Privacy Layer, privacy features can also be added to existing applications on any EVM-compatible chain, enabling a broader ecosystem connection.

The core product of Oasis Network

1.Oasis Sapphire
Sapphire is the world's first and only EVM (Ethereum Virtual Machine) that supports privacy protection, allowing developers to build decentralized applications that are 100% private, 100% public, or somewhere in between, meeting various privacy needs.

2.Oasis Privacy Layer (OPL)
Oasis Privacy Layer is a privacy extension layer designed for EVM chains, allowing developers to integrate privacy features into decentralized applications through a simple plugin without modifying existing contracts, significantly enhancing data protection capabilities.

3. Oasis ROFL
ROFL is a powerful framework that unlocks verifiable off-chain computation, while leveraging decentralized key management and liveness guarantees. Through Intel TDX TEEs (Trusted Execution Environments), ROFL provides developers with new tools for verifiable AI, trustless agents, and other innovative applications.

Use cases of Oasis Network

The design of Oasis Network enables it to meet the needs of various decentralized applications, including but not limited to:

• Privacy Finance (Private Finance): Financial activities such as lending, borrowing, and insurance that ensure the security of user data.
• Machine Learning: Data providers can securely share data for AI training while protecting privacy rights.
• Digital Identity: Based on privacy, identity verification and management, ensuring the authenticity of data without the need to trust third parties.

Token Economics of Oasis Network

Token Supply and Issuance

• Total Supply: The total supply of ROSE tokens is fixed at 10 billion and cannot be increased.
• Circulating Supply: At the launch of the mainnet, there will be 1.5 billion ROSE tokens entering the circulation market.
• Staking rewards: Approximately 2.3 billion ROSE tokens will be distributed to stakers and delegators as staking rewards to ensure the long-term security of the network.
• Unissued Tokens: Some of the tokens held by the foundation will be staked when the mainnet goes live, and the staking rewards will be used for future validator delegation, network development, and ecosystem grants.

Token Usage

• Transaction Fee: The ROSE token will be used to pay for transaction fees on the consensus layer.
• Staking and Delegation: Users can stake or delegate ROSE tokens to participate in network consensus and receive rewards.

Token Distribution

According to the token distribution chart in the image, ROSE tokens will be allocated in the following proportions:

• 23.5% Staking Rewards: Used to incentivize stakers and delegates, maintaining network security.
• 23% Early supporters (Backers): Used for early investors and supporters to fund project development and expansion.
• 20% Core Contributors: allocated to the development team and technical contributors to incentivize long-term contributors.
• 18.5% Community & Ecosystem: Used to drive community building, partner programs, and ecosystem development.
• 10% Foundation Endowment: Reserved for the foundation, for future project expansion, research, and development.
• 5% Strategic Partners & Reserve: Used to establish strategic partnerships and project development reserve funds.

(Source: docs.oasis)

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Summary

As a pioneer in privacy protection, Oasis Network redefines the possibilities of Web3 applications through intelligent privacy, high scalability, and cross-chain interoperability. With ROSE as the core driving force, it not only ensures network security, but also provides innovative pathways for decentralized finance, data privacy, and data tokenization. In the increasingly popular future of decentralized applications, Oasis Network will undoubtedly become a key pillar in privacy finance and data sharing.