Introduction to Oasis

Hello everybody! In this review, we want to talk about Oasis Labs!

With built-in privacy protection capabilities, the Oasis network can support private, scalable DeFi — extending beyond traders and early adopters to the mass market, offering new use cases such as under-collateralized loans, private AMMs, and more. Privacy Oasis Network is also able to create a new type of digital asset called tokenized data, which allows the user to have control over their data and be rewarded for posting it.

The native ROSE token is a limited supply token. The total emission at launch was approximately 1.5 billion tokens, and the total cap is set at 10 billion tokens. The ROSE token is used for transaction fees, bids, and consensus-level delegation. 2.3 billion tokens will be automatically paid as rate rewards to stakers and delegators to protect the network over time.

The Oasis Labs team consists of active scientists and PhDs in engineering — computer systems, operating systems and distributed systems.
Division into functional levels of those. the smart contract processing process is a prerequisite for its scalability. The privacy protocols allow DeFi solutions to run with under-collateralized loans, the team said. The Oasis Network provides the ability to verify borrowers while protecting sensitive financial and personal information. The infrastructure also allows private decentralized exchanges to be launched, including automated market makers.

In November 2020, Oasis Labs launched the mainnet — a Tier 1 blockchain with a throughput of up to 1,000 transactions per second. The scalable, general-purpose and private network has a unique architecture that separates the reconciliation and computation operations into two main layers: the reconciliation layer and the ParaTime layer.

Applications built with ParaTime can use sensitive computing to protect data and benefit from the immutability and traceability of the blockchain. To make it easier to use these unique features, Oasis Labs also created a TypeScript SDK called Parcel, which allows developers to automatically enforce data ownership and access policies, use data in a privacy-preserving environment, and unlock data that was previously too regulated or dangerous to use.

This allows developers to have access to all the features of Parcel Beta, allowing them to automatically enforce data ownership and access rules for users, analyze data in a privacy-preserving environment, and unlock data that were previously too regulated or dangerous to use. At its core, Parcel is a privacy-focused data management SDK equipped with powerful privacy tools designed to protect and control access to your data.

The privacy technology available on the Oasis Network has the potential to not only protect user data, but also revolutionize the DeFi space. By leveraging 2 pieces of confidential computing and a lightweight scalable design, the Oasis Network can provide lower fees and enable user-controlled credentials.

This powerful combination could open up new use cases such as under-collateralized loans and private automated market makers. For example, with under secured loans, people can upload financial data that allows them to determine their creditworthiness and gives assurances to the lender that they will pay off their debts. This allows lenders to offer under secured loans on the blockchain for the first time, opening up entirely new markets and expanding DeFi to a wider audience. Taken together, Oasis’s unique ability to deliver scalable private DeFi is expected to make it the leading platform for opening up the next generation of DeFi markets and use cases.

We agree that the release of the mainnet last year was the culmination of hard work by the entire Oasis community. This is the beginning of a journey that will change DeFi and blockchain understanding. There is a lot of collaboration ahead for developers, validators, and users. The Oasis community is now attracting more and more supporters, privacy advocates and investors to help the pioneers of this tokenized data space and private DeFi.

The Stake Service team acts as a validator for the Oasis Network on both the main and test network. We believe in the future of decentralized finance and are ready to provide all possible assistance to the team and work together for the good of a common cause. Below we present an article on how you can delegate your ROSE tokens to the Stake Service team! Join the Oasis Labs community!

Soon you will be able to familiarize yourself with all our offers on our new site:

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