About Oasis Network (ROSE)

Oasis Network Frequently Asked Questions (FAQ)

What is the maximum supply of Oasis Network (ROSE) tokens?


The maximum supply of Oasis Network (ROSE) tokens is capped at 10 billion.




How can developers build privacy-focused dApps on Oasis Network?


Developers can build privacy-focused dApps on Oasis Network by utilizing its unique privacy features like confidential smart contracts. They can write these smart contracts in Rust, which interact with the Oasis Runtime that provides a secure enclave for data processing. The network's Parcel SDK also enables developers to easily manage data with strong privacy guarantees, granting and revoking access as needed. Developers can leverage these tools to create applications that protect user data and provide confidentiality by design.




What are the staking rewards for securing the Oasis Network and how can users participate?


Staking rewards on the Oasis Network are offered as an incentive for users to participate in securing the network by staking their tokens. Rewards are variable and depend on several factors, including the total amount of staked tokens and network activity. Users can participate by staking their ROSE tokens with a validator who operates a node on the network. To earn rewards, users can delegate their tokens to a validator through a wallet interface that supports Oasis Network staking.




What is the role of TEEs in Oasis Network's Cipher ParaTime?


In Oasis Network's Cipher ParaTime, TEEs or Trusted Execution Environments play a crucial role in enhancing privacy and security. They allow smart contracts to execute in a secure enclave, ensuring that the data is processed confidentially without exposing it to external parties, including the node operators. This enables the creation of private and secure applications on the Oasis Network while maintaining data integrity and trust.




Who is the founder of Oasis Labs and what is their background?


The founder of Oasis Labs is Dawn Song, a professor in computer science at the University of California, Berkeley, with a focus on security and deep learning.




How does the Oasis Network's architecture promote scalability?


The Oasis Network promotes scalability through its unique architecture that separates computation from consensus. It uses a paradigm known as ParaTime layers, each with its own runtime environment, allowing multiple parallel runtimes to process transactions simultaneously. This division of labor ensures that the network can efficiently handle high throughput and diverse applications without congestion, ultimately enhancing its scalability.




What are the unique features of Sapphire ParaTime and how does it benefit Solidity developers?


Sapphire ParaTime on the Oasis Network offers unique features such as confidentiality and privacy by default, EVM compatibility allowing Solidity developers to deploy existing Ethereum DApps without modification, and high throughput with low gas fees. It benefits Solidity developers by enabling them to build private and scalable DeFi applications while leveraging a familiar development environment.




How does the Oasis Network aim to be the foundation for Web3?


The Oasis Network aims to be the foundation for Web3 by providing a scalable, privacy-focused blockchain platform designed for open finance and a responsible data economy. Its unique architecture supports confidential smart contracts, high-throughput, and low gas fees, enabling developers to create DApps that protect user data and put privacy first, aligning with the decentralized and user-centric principles of Web3.




What makes the Oasis Network stand out in terms of privacy enablement?


The Oasis Network stands out in terms of privacy enablement due to its specialized architecture that separates consensus and execution into two layers, thus providing improved scalability and privacy. The network features confidential smart contracts that utilize secure computing techniques, such as Trusted Execution Environments (TEEs), allowing data to be processed in a privacy-preserving way. This design enables developers to create applications that can keep data confidential, giving users greater control over their personal information.




Who are the primary investors and VC firms backing Oasis Network?


The primary investors and venture capital firms that have backed Oasis Network include a16z (Andreessen Horowitz), Accel, Binance Labs, Electric Capital, Foundation Capital, and Pantera Capital.