Thread by @BarryFried1

@OasisProtocol $ROSE thread time!

Let’s get into why I’m so bullish!
🧵👇
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@OasisProtocol is not your ordinary Layer 1 blockchain👀

The infrastructure is made up of 2 separate layers-the Consensus layer, and the ParaTime layer

The Consensus layer is the consensus layer of the blockchain, acting as an extremely fast, secure, and scalable network!
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Now this is where it gets interesting.

The ParaTime layer allows for multiple ParaTimes (parallel runtimes) to process transactions in parallel, allowing for thousands of TPS!

What in the world is a ParaTime?
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Think of it as a sub-layer, where each ParaTime is it’s own unique chain, and has a specific trait/job to do.
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Here are some examples of ParaTimes:

Emerald ParaTime acts as the @OasisProtocol EVM ParaTime (with extremely low fees and high scalability unlike Ethereum ;)

Cipher ParaTime acts as the hidden ParaTime, supporting confidential smart contracts!
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Parcel ParaTime acts as the privacy data ParaTime, allowing for extremely secure storage of sensitive data.

The best part is, anyone can build their own ParaTime, and it can be developed and customized to fit the creators needs!
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So how is this any different than parachains or subnets?
@OasisProtocol’s technology allows for all ParaTimes to have the same level of security, while requiring a smaller replication factor.
Meaning, even though each ParaTime is unique, they all receive equal security!
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The $ROSE token is used to pay menial gas fees across @OasisProtocol, and can be staked by delegating tokens to a validator.

Below is a graph of staking APR as the project matures👇 (mainnet launch was Nov 2020)
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Here’s a mcap comparison to popular L1s today! As much as I love some of them, none can compare to @OasisProtocol in terms of combining privacy and security with speed and scalability 👀
Bullish AF
@OasisLabs
@JumperWave
@OmarOnChain
@ReySantoscrypto
@chirocrypto
@ElonTrades
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Thank you for reading
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@BarryFried1
Comment below what I should cover next!
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