$0.008092

Oasis Network is a layer 1 blockchain focused on scalability and confidential computing. It includes Sapphire, a confidential EVM that enables developers to build dApps with privacy features on Oasis or other EVM-based chains. The native token, ROSE, is used for transaction fees, staking, delegation, and governance. The network's layered architecture supports various applications such as DeFi, AI, GameFi, NFTs, the metaverse, data tokenization, and DAO governance. It also has native support for rollups at the consensus layer.

Oasis Network stands out due to its focus on Smart Privacy, offering a customizable confidentiality framework for Web3 and AI applications. The Sapphire runtime and the Oasis Privacy Layer (OPL) allow privacy features to be integrated into any EVM-based chain, even those not built directly on Oasis. This flexibility enables developers to create a spectrum of confidentiality tailored to their needs. Additionally, the network's architecture separates consensus from computation, with the consensus layer secured by proof-of-stake and the compute layer supporting privacy-preserving runtimes.

The current circulating supply of Oasis Network ROSE is 6.5 billion tokens, out of a total supply of 10 billion. The initial distribution allocated 23.5% for staking rewards, 23% for backers, 5% for strategic partners and reserve, 18.5% for community and ecosystem, 10% for foundation endowment, and 20% for core contributors. ROSE is used for transaction fees, staking, delegation, and governance on the consensus layer, as well as for transaction fees and compute costs on the compute layer.

Oasis Network is secured through a proof-of-stake mechanism on its consensus layer, with validators operated by a decentralized global network. Fraud proofs based on discrepancy detection protect the compute and consensus layers. For confidential runtimes like Sapphire and Cipher, nodes use Trusted Execution Environments (TEEs) that ensure data confidentiality through encrypted memory and remote attestation. This process allows smart contracts to process encrypted data without exposing it, even to node operators or developers, thereby maintaining privacy and security.