Oasis Network (ROSE)

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Decentralized Finance (DeFi)

Oasis Network supports private and scalable DeFi applications. It enables private lending, under-collateralized loans, decentralized private exchanges, and private stablecoins that protect user identity and transaction details.

Data Privacy and Confidential Computing

The network allows apps to use sensitive personal data like health records or financial info securely through confidential smart contracts. This helps users control and earn rewards from their data while keeping it private.

Enterprise and Developer Use Cases

Oasis Network offers customizable ParaTimes (execution environments) that can be permissioned or permissionless, allowing businesses and developers to create tailored blockchain applications with different levels of security and speed.

Real-World Applications

Use cases include supply chain management, healthcare, gaming, and building a responsible data economy where users can track and tokenize their data for better control and monetization.

Cross-Chain and AI Privacy Solutions

Oasis provides privacy solutions that work across different blockchains and support AI applications, helping build a more secure and private internet for Web3 and AI technologies.

Pros

• Scalability and Efficiency: The Oasis Network uses a two-layer system (Consensus and ParaTime layers) that allows faster transactions and lower fees by processing multiple tasks in parallel.
• Privacy Features: It supports confidential smart contracts that keep data encrypted while being processed, helping users and developers protect sensitive information.
• Versatility: Developers can create customized ParaTimes for different applications, making the network flexible for various use cases like DeFi, gaming, and healthcare.
• Low Fees: Transaction costs are much lower compared to some other blockchains like Ethereum.
• High Throughput: The network can handle many transactions at once without slowing down.

Cons

• Complex Architecture: The dual-layer design can be harder for new developers to understand and work with.
• Limited Interoperability: It may not connect easily with all other blockchain networks.
• Token Distribution: A smaller portion of tokens is available to the community, which might limit wider participation.

For more details, visit the official Oasis Network website.

Founders of Oasis Network

• Dawn Song is the main founder and CEO of Oasis Network. She is a professor at the University of California, Berkeley, with expertise in computer science, cryptography, and security.
• Other key early team members include Bobby Jaros (COO), Noah Johnson (CPO), and Raymond Cheng (CTO), who helped build the project alongside Dawn Song.

Venture Capital Firms

Oasis Network has received investments from well-known venture capital firms such as Andreessen Horowitz (a16z), Accel, Binance Labs, Polychain Capital, Pantera Capital, DragonFly Capital, Jump Capital, Draper Dragon Fund, Electric Capital, FBG, Hashed, Kenetic Capital, NGC Ventures, and AME Cloud Ventures.

Ecosystem Fund Contributors

The Oasis Ecosystem Fund, which supports projects building on the network, has raised over $235 million with contributions from investors including Binance Labs, Newman Capital, Seven X Ventures, and others.

Institutional and Strategic Investors

Other notable backers include Binance Labs (the venture arm of Binance exchange), which has actively supported the network’s growth and ecosystem development.

For more details, visit the official Oasis Network website.

Halal Status of Oasis Network

• Yes, Oasis Network is considered halal by some Islamic finance sources because its revenue model is based on transaction fees and network usage, avoiding interest-based mechanisms.
• The staking rewards come from new token emissions and transaction fees, not from lending or interest, which aligns better with halal principles.
• However, opinions may vary, and some sources have previously listed it as haram due to concerns about lending activities, but recent assessments lean toward halal compliance.