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What is Oasis Network Primer?

The Oasis Network is a Layer 1 blockchain protocol known as the Oasis Network Primer that utilizes a BFT, proof-of-stake consensus system. It has unique privacy features that can redefine DeFi and introduce Tokenized Data, enabling users to take control of their generated data and earn rewards. This network revolutionizes Open Finance by making it accessible to a mass market, expanding beyond traders and early adopters.

The innovative ParaTime architecture of the Oasis Network eliminates the need for sidechains, achieving scalability without compromising security. This decentralized network consists of two main components: the Consensus Layer, responsible for high throughput, scalability, and security, and the ParaTime Layer, hosting multiple parallel runtimes (ParaTimes) that provide a replicated compute environment with shared state.

1. The Consensus Layer ensures scalability, high throughput, and security through a decentralized set of validator nodes.
2. The ParaTime Layer hosts multiple parallel runtimes (ParaTimes), each representing a replicated compute environment with shared state.

The Oasis Ecosystem:

Included in the Oasis Network's thriving ecosystem are leading app developers, blockchain infrastructure teams, node operators, universities, and more. Various key partners and community members contribute to the growth of the Oasis Network.

Outstanding Features

What is the project trying to achieve?

Oasis aims to create a financial system through its DeFi applications that eliminates subjectivity, bias, and inefficiencies by leveraging programmable parameters instead of status, wealth, and geography. This project supports the next wave of DeFi applications by offering superior privacy and scalability features compared to other Layer 1 networks.

First Privacy-Enabled Blockchain: The Oasis Network, as the world's first scalable, privacy-enabled blockchain, utilizes confidential computing technology such as secure enclaves. The ParaTimes on this network ensure data confidentiality, enabling new use cases and applications for blockchain.

Scalable, Private DeFi: With its privacy-first design, the Oasis Network expands DeFi to reach a mainstream market beyond traders and early adopters. It guarantees fast speeds and high throughput for DeFi transactions through an innovative scalability design.

First to Enable Data Tokenization: The Oasis Network introduces Tokenized Data, which allows the creation of digital assets consumed according to specific guidelines and exchanged for value. This empowers data providers to control their data's usage and earn rewards by staking it with relevant applications.

Rapidly Growing Community: The Oasis Network boasts a thriving community consisting of node operators, developers, enterprise partners, ambassadors, and engaged community members from around the world.

Top-Tier Team: Comprised of talent from organizations such as Apple, Google, Amazon, Goldman Sachs, and prestigious universities, the Oasis Team is dedicated to expanding the impact of the Oasis Network.

What is the unique selling point?

• Separation of consensus and execution into two layers (Consensus Layer and ParaTime Layer) for enhanced scalability and versatility.
• Parallel processing of transactions by multiple ParaTimes, ensuring that complex workloads do not slow down simpler transactions.
• Decentralized ParaTime Layer, allowing the development of custom ParaTimes to meet specific application needs.
• Efficient discrepancy detection system, making Oasis more efficient than sharding and parachains.
• Broad support for confidential computing technology, exemplified by the Oasis Eth/WASI Runtime.

Scalable, Private DeFi

The Oasis Network ensures data privacy during processing through confidential smart contracts. This capability expands the reach of DeFi to a mainstream market beyond traders and early adopters.

The Oasis Network addresses high transaction fees and slow throughput experienced on other Layer 1 networks, making it a leading platform for the next generation of DeFi markets and use cases.

Data Tokenization & A Responsible Data Economy

The combination of confidential computing and blockchain on the Oasis Network enables Tokenized Data, a new paradigm that allows the creation of digital assets consumed according to specific guidelines and exchanged for value. Data providers can control their data's usage and earn rewards by staking it with relevant applications.

Versatility

The Oasis Network's highly versatile, agile, and customizable nature makes it suitable for the next generation of blockchain applications. Each ParaTime can be independently developed to meet specific requirements, optimizing execution speed and security by adjusting the size and composition of ParaTimes committees.

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