Welcome to Bulliscoming Crypto and Finance Media, Rose token is the primary token of the Oasis Network and it fuels all transactions like staking, and delegation on the Oasis ecosystem, the Rose token seems to be a symbol of privacy. the team says;
“We wanted the token to stand as a representation of the network and Roses fit very well with this imagery. Historically they have often represented “secrecy”. Dating back to Ancient Greece, the Rose was seen as a symbol for secrets or privacy, used by Aphrodite as a gift in exchange for keeping the secrets of Gods.
In Ancient Rome this symbolism continued and the phrase “sub rosa” or “under the rose” was to mean “done in secret” or “under a pledge of secrecy”. This phrase and the symbol of Roses as secrecy extended throughout history with the British Tudors era where state secrets were decided in a room with a large rose hanging from the ceiling.
This fits well with our vision for the Oasis Network, which seeks to power the next generation of blockchain use cases through its unique capacity to support confidential computing and private data on the ledger”.
What Is Rose Token?
Rose token is the primary token of Oasis; Oasis is the leading privacy-enabled and scalable layer-1 blockchain structure and combines elevated throughput and low gas fees with protected architecture to furnish a next-generation foundation for Web3 and power Defi, GameFi, NFTs, Metaverse, Data tokenization, and Data DAOs.
Oasis will stimulate web3 onward, boarding it and developing it from infancy to maturity. Funded by top industry backers, Oasis recently announced the $200 million Ecosystem Fund to support projects to build on the network and has several Fortune 500 partnerships in places, such as the CryptoSafe Alliance with Binance, the BMW Group, and others.
Oasis is one of the top two invested blockchains by top VCs and has one of the fastest-growing developer networks in the industry.
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 a shared state.
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The Technology Of The Oasis(Rose) Ecosystems
- 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 ParaTime. Each ParaTime can be developed in isolation to meet the needs of a specific application, such as confidential computing, 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
Benefits Of The Oasis(Rose) Ecosystems Technology
There are three(3) potential benefits of the Oasis(Rose) Ecosystem which include; Scalability, Privacy-First, and Versatility.
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 computing and consensus operations into the Consensus Layer and ParaTime Layer.
However, 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.
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 computing, 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, and health information to be used by apps on the Oasis Network — something incredibly risky on other Layer 1 networks.
Oasis(Rose) is designed to support the next generation of blockchain applications, the Oasis Network is incredibly versatile, agile, and customizable. Namely, each ParaTime can be developed in isolation to meet the needs of a specific application. ParaTimes committees can be made large or small, open or closed, allowing for faster or more secure execution depending on the requirements of a particular use case.
Nodes can be required to have specific hardware, such as Secure Enclaves in a confidential ParaTime. Each ParaTime can similarly run different Runtime VMs (ParaTime Engines) such as EVM backward compatible engine, Rust based smart contract language, or a Data tokenization engine.
Finally, to support enterprise and developer use cases, ParaTimes can be made Permissioned or Permissionless — allowing consortiums to have their own closed ParaTime, or communities to have full decentralized open ParaTimes.
The versatility of the ParaTime Layer allows the Oasis Network to expand and grow to address a broad set of new and exciting use cases, while still maintaining the same core ledger and consensus layer.
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Oasis possess low fee transaction and it is one of the craving blockchains of every blockchain technologist and crypto enthusiast. It has so much potential to gain more investors in the future because of its benefits and use case.
The team is working very hard to make the projects gain enough traction to pull many as possible to leverage on their network which is the desire of every project. Meanwhile, the project has partnered with a lot of companies such as Binance, Polychain capital, Huobi Capital, Metastable, Foundation capital, and a lot more.
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