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

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

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)

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

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:

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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More from @OasisProtocol

May 12
This week’s turmoil is painful for all of us.

But there’s one vital thing we need to remember: Web 3.0 and blockchain technology are much more than trading, yield, and market volatility — It is technology that can make real change in the world and benefit society at large.

There is a true purpose behind what we do that goes above and beyond the financial markets.

What we are seeing in Web 3.0 is similar to the beginning of Web 2.0 (or the internet age).

The only .com projects that stayed were the ones that provided tangible value to their users.
The projects that withstand the market’s highs and lows are the projects that will propel Web 3.0 forward.

Oasis is here to stay.

We are building one of the most critical pillars for Web 3.0 — scaling blockchain infrastructure while safeguarding privacy and data ownership.
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