A MEGA Thread on Oasis Protocol.
$ROSE is tackling the challenges of the contemporary economy which poses economic and privacy concerns.
We will explore in this 🧵, how @OasisProtocol intends to return data back to their users by discussing their tech, team and vision.
$ROSE is tackling the challenges of the contemporary economy which poses economic and privacy concerns.
We will explore in this 🧵, how @OasisProtocol intends to return data back to their users by discussing their tech, team and vision.
To start with,
Oasis Network is a decentralized blockchain network built by @OasisProtocol that enables secure and private data-sharing and control.
$ROSE is the native utility token of the Oasis system and is used for staking and delegation as well as network transactions.
Oasis Network is a decentralized blockchain network built by @OasisProtocol that enables secure and private data-sharing and control.
$ROSE is the native utility token of the Oasis system and is used for staking and delegation as well as network transactions.
$ROSE was created to expand and enhance DeFi prospects for both major and small companies by removing the barriers that currently exist in the field.
The Oasis Network has significant benefits that will enable it to support the next generation of DeFi.
Let's take a look...
The Oasis Network has significant benefits that will enable it to support the next generation of DeFi.
Let's take a look...
$ROSE has private smart contracts, which enable the creation of a new generation of decentralized applications born that see privacy as an incentive to create trust with their users.
Private state and transaction details, which prevent malicious players from gaming the system.
Private state and transaction details, which prevent malicious players from gaming the system.
$ROSE also has the flexibility to keep data public or confidential, which allows DeFi Dapps to comply with regulations while ensuring the protection of commercial interests and participation of financial institutions in the system.
Let's briefly talk about infrastructure.
Let's briefly talk about infrastructure.
Infrastructure Components of $ROSE.
Consensus Layer- Delegated PoS consensus algorithm run by a set of validators- secures network.
ParaTime Layer- An environment that hosts many parallel runtimes representing a computation environment with a shared state.
Consensus Layer- Delegated PoS consensus algorithm run by a set of validators- secures network.
ParaTime Layer- An environment that hosts many parallel runtimes representing a computation environment with a shared state.
Functionalities.
Query & Data Control- Companies can control access to their data and detailed restrictions on analysis and Structured Query Language queries.
Data Collaboration- Businesses can share sensitive data with organisations.
Which allows for large volumes of capital.
Query & Data Control- Companies can control access to their data and detailed restrictions on analysis and Structured Query Language queries.
Data Collaboration- Businesses can share sensitive data with organisations.
Which allows for large volumes of capital.
Functionalities (Part 2)
User Privacy as a Service- Allowing companies to present how user data is transferred and utilized.
Parcel SDK- Developers can access the Oasis Network to build dApps with ease.
All while users retain control over their data.
User Privacy as a Service- Allowing companies to present how user data is transferred and utilized.
Parcel SDK- Developers can access the Oasis Network to build dApps with ease.
All while users retain control over their data.
Oasis Network is a privacy-focused smart contract platform for open finance built using the Cosmos SDK.
The project prioritizes applications and use-cases that promote data privacy and user confidentiality.
Privacy is an ever more important concept being discussed.
The project prioritizes applications and use-cases that promote data privacy and user confidentiality.
Privacy is an ever more important concept being discussed.
We mentioned the "consensus layer seperation".
Why is it important?
These separate layers give Oasis the flexibility to support multiple, customizable runtimes.
Similiar to Avalanche subnets or Polkadot securing its' parachains.
Why is it important?
These separate layers give Oasis the flexibility to support multiple, customizable runtimes.
Similiar to Avalanche subnets or Polkadot securing its' parachains.
Oasis’ privacy features create a new type of digital asset called ‘Tokenized Data’ that can enable users to take control of the data they generate and earn rewards for staking it with applications — creating an incentivized data economy.
Unlocking massive DeFi use cases.
Unlocking massive DeFi use cases.
By supporting confidential smart contracts, data is kept private while being processed. This provides end-to-end data confidentiality on the blockchain, unlocking potential DeFi use-cases such as under-collateralized lending and prevention of front/back running.
Useful, right?
Useful, right?
Unique features in the Oasis Network?
First Privacy-Enabled Blockchain
Scalable, Private DeFi
First to Enable Data Tokenization
Rapidly Growing Community
Top-Tier Team
First Privacy-Enabled Blockchain
Scalable, Private DeFi
First to Enable Data Tokenization
Rapidly Growing Community
Top-Tier Team
Let's talk about the Tokenomics briefly...
About two billion ROSE tokens will be paid out as inflation rewards to stakers and delegators for contributing resources to the network.
In order to be eligible for staking rewards per epoch, a node would need to sign at 75% of blocks.
About two billion ROSE tokens will be paid out as inflation rewards to stakers and delegators for contributing resources to the network.
In order to be eligible for staking rewards per epoch, a node would need to sign at 75% of blocks.
$ROSE looks to tap into private DeFi.
A side by side comparison of Oasis and Ethereum as it is right now.
A side by side comparison of Oasis and Ethereum as it is right now.
Use Cases.
Often overlooked by most of CT. However this is where demand and thus money inflows occur intrinsically:
-Nebula Genomics
-BMW
-Binance CryptoSafe Alliance
-Meta AI (Facebook AI formerly)
Often overlooked by most of CT. However this is where demand and thus money inflows occur intrinsically:
-Nebula Genomics
-BMW
-Binance CryptoSafe Alliance
-Meta AI (Facebook AI formerly)
Team.
Oasis Network was founded by Dawn Song, a professor in the Department of Electrical Engineering and Computer Science at the University of California, Berkeley.
Co Founders hold PhD in Washington, Berkely and Stanford University.
Oasis Network was founded by Dawn Song, a professor in the Department of Electrical Engineering and Computer Science at the University of California, Berkeley.
Co Founders hold PhD in Washington, Berkely and Stanford University.
Whilst there is no need for a full disclosure.
I'd like to mantain transparency with my reader. I currently do not own any $ROSE, nor did I create this thread for promotional purposes.
However, upon findings which will be further elaborated in my Medium. I am looking to DCA in.
I'd like to mantain transparency with my reader. I currently do not own any $ROSE, nor did I create this thread for promotional purposes.
However, upon findings which will be further elaborated in my Medium. I am looking to DCA in.
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Want to learn more about the assets shaping crypto? Check out our Medium here: medium.com/@crypto8fi
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