- Concurrency enables many ParaTimes to perform transactions in parallel.
- The network broadly supports secure computing.
The Oasis Network is the first privacy-enabling blockchain platform for open finance and a responsible data economy. Furthermore, the Oasis Network’s high speed and secure design enable private, scalable DeFi, transforming Open Finance and bringing it to a mainstream market.
By staking it with apps, its privacy characteristics may alter DeFi and establish a new sort of digital asset called Tokenized Data. For improved scalability and adaptability, it divides consensus and execution into two layers: Consensus and ParaTime. Concurrency enables many ParaTimes to perform transactions in parallel, preventing complicated workloads from slowing down smaller operations.
Because the ParaTime Layer is decentralized, anybody may design their own ParaTime. Each ParaTime may be tailored to unique use, such as private computing, open or closed committees, etc. Moreover, its comprehensive discrepancy detection outperforms sharding and parachains, needing less replication for the same degree of security.
Privacy Enabled Blockchain
The network broadly supports secure computing. The Oasis Eth/WASI Runtime employs secure enclaves to keep data secret during processing. Moreover, the Oasis Network calls itself the world’s first scalable, privacy-enabled blockchain. ParaTimes on the Oasis Network may employ secure enclaves to keep data private, allowing new blockchain use cases and applications.
Its privacy-first architecture may spread DeFi beyond traders and early users, opening up a new mainstream market. Plus, its revolutionary scalability architecture speeds up DeFi transactions.
It can Tokenize Data, unleashing new use cases for blockchain and an ecosystem of apps and initiatives that will power the next generation of privacy-first technologies. According to CoinMarketCap, the Oasis Network (ROSE) price today is $0.392153 USD with a 24-hour trading volume of $588,765,397 USD. Oasis Network is up 30.19% in the last 24 hours.
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