What is Oasis Network Crypto? (ROSE) Crypto Price Prediction 2022!

laatste update: 06-2022


The Oasis Network is a Layer 1 decentralized blockchain network designed to be uniquely scalable, privacy-first and versatile.

The Network has two main architectural components, the Consensus Layer and the ParaTime Layer.
The Consensus Layer is a scalable, high-throughput, secure, proof-of-stake consensus run by a decentralized set of validator nodes.
The ParaTime Layer hosts many parallel runtimes (ParaTimes), each representing a replicated compute environment with shared state.

Technology Highlights
Separates consensus and execution into two layers — the Consensus Layer and The ParaTime Layer — for better scalability and increased versatility.

Separation of consensus and execution allows multiple ParaTimes to process transactions in parallel, meaning complex workloads processed on one ParaTime won’t slow down faster, simpler transactions on another.

The ParaTime Layer is entirely decentralized, allowing anyone to develop and build their own ParaTime. Each ParaTime can be developed in isolation to meet the needs of a specific application, such as confidential compute, open or closed committees, and more.

The network’s sophisticated discrepancy detection makes Oasis more efficient than sharding and parachains — requiring a smaller replication factor for the same level of security.

The network has broad support for confidential computing technology. The Oasis Eth/WASI Runtime is an open source example of a confidential ParaTime that uses secure enclaves to keep data private while being processed.

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Benefits of the Oasis Network Technology Stack
Scalability
The Oasis Network’s impressive scalability is achieved through a cutting-edge set of features that provide faster transaction speeds and higher throughput than other networks. The top-tier performance of the network is largely due to its separation of compute and consensus operations into the Consensus Layer and ParaTime Layer. This separation allows multiple ParaTimes to process transactions in parallel, meaning complex workloads processed on one ParaTime won’t slow down faster, simpler transactions on another. Plus, the network’s sophisticated discrepancy detection makes Oasis more efficient than sharding and parachains — requiring a smaller replication factor for the same level of security.
Privacy-First
The Oasis Network designed the first ever confidential ParaTime with support for confidential smart contracts. In a confidential ParaTime, nodes are required to use a type of secure computing technology called a TEE (Trusted Execution Environment.) TEEs act as a hypothetical black box for smart contract execution in a confidential ParaTime. Encrypted data goes into the black box along with the smart contract, data is decrypted, processed by the smart contract, and then encrypted before it is sent out of the TEE. This process ensures that data remains confidential, and is never leaked to the node operator or application developer
The Oasis Eth/WASI Runtime is an open source example of a confidential ParaTime that uses Intel SGX. Other secure compute technology, such as ZKP, HE, or other secure enclaves, can also be used. In the future we hope to support additional computation techniques such as secure multi-party compute, federated learning and more.
Confidentiality unlocks a range of new use cases on blockchain by allowing personal or sensitive data, such as their social security number, bank statements, health information to be used by apps on the Oasis Network — something incredibly risky on other Layer 1 networks.

19 gedachten over “What is Oasis Network Crypto? (ROSE) Crypto Price Prediction 2022!”

  1. Only negative I can see is that the token unlock is in April 2022, but thats a way off so not really a concern for the near, mid-term. Cheers

  2. I'm 42 and my wife 35 we are both retired with over $3million in net worth and no debts . Currently living smart and frugal with our money . Saving and investing lifestyle in the crypto market made it possible for us this early even till now we earn weekly .All Thanks to alexis susan welsh for the mining opportunity, and i even own properties now, you can look her up online

  3. What are the gas fees for this coin found. It seems that gas fees can make a coin more valuable the lower it is, over a more expensive gas fee like Ethererum. Which seems to be its biggest obstacle when it comes it’s overall price per coin.
    So my question is how does one find the gas price of any given coin?

  4. You still believe it can hit your target whwn the rest of the tokens are released, that will dilute the current circulating supply

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