Thread by @OasisProtocol

The future of web3 is here 🔵

👉 Sapphire — the first and only confidential EVM — offers solidity developers a familiar building environment (99% Ethereum compatible!) AND the added benefits of Oasis’ privacy-preserving technology

Learn more in our thread below 👇🧵

Imbalances in data ownership have spurred demands for data sovereignty in the next iteration of the internet (web3)

In today's web3, we face a Blockchain Paradox, where popular platforms are not designed to offer proper data protection

Sapphire solves this

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Sapphire allows for (1/2):

🔵 Confidential state, end-to-end encryption, & confidential randomness

🔵 99% EVM compatibility

🔵 Easy integration with EVM-based dApps, such as NFT, Metaverse, crypto gaming and DeFi

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Sapphire allows for (2/2):

🔵 Scalability — increased throughput of transactions

🔵 Low-cost — 99%+ lower fees than Ethereum

🔵 Cross-chain bridge to enable cross-chain interoperability (upcoming)

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Sapphire enacts Oasis’ privacy technology which requires nodes to use a secure computing technology called a Trusted Execution Environment (TEE)

TEEs are analogous to a black box for smart contract execution (as pictured), ensuring that data remains confidential

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With Sapphire, builders can port their dApps in a matter of minutes with privacy-preserving technology AND new built-in functions like RNG, signing, and encryption

Learn more about creating dApps on Sapphire vs. Ethereum in our dev guide: bit.ly/3RrHAGt

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Sapphire is currently deployed on Testnet, with Mainnet deployment planned for later in 2022

We can't wait to see what the web3 community builds with our groundbreaking technology

Let's get to it 👏

Learn more about Sapphire at the link below 👇

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medium.com/oasis-protocol…