Oasis Network Primer

NOTE: Information contained in this document is subject to change prior to mainnet launch. This document is intended to provide a high level, up-to-date overview of key information related to the Oasis Network and the network’s ROSE tokens. For more information, please check out our website at www.oasisprotocol.org

Network Overview

Designed for the next generation of blockchain, the Oasis Network is the first privacy-enabled blockchain platform for open finance and a responsible data economy. Combined with its high throughput and secure architecture, the Oasis Network is able to power private, scalable DeFi, revolutionizing Open Finance and expanding it beyond traders and early adopters to a mass market. Its unique privacy features can not only redefine DeFi, but also create a new type of digital asset called Tokenized Data that can enable users to take control of the data they generate and earn rewards for staking it with applications — creating the first ever responsible data economy.

Why the Oasis Network?

First Privacy-Enabled Blockchain: The Oasis Network is the world’s first scalable, privacy-enabled blockchain. ParaTimes on the Oasis Network can leverage confidential computing technology such as secure enclaves to keep data confidential — unlocking new use cases and applications for blockchain.

Scalable, Private DeFi: The Oasis Network’s privacy-first design can expand DeFi beyond traders and early adopters — unlocking a new mainstream market. Plus its innovative scalability design brings fast speeds and high-throughput to DeFi transactions.

First to Enable Data Tokenization: The Oasis Network can Tokenize Data, unlocking game changing use cases for blockchain, and an entirely new ecosystem of apps and projects on the network — powering the next generation of privacy-first applications.

Rapidly Growing Community: The Oasis Network has a thriving community of close to a thousand node operators, developers, enterprise partners, ambassadors, and nearly ten thousand community members engaged in global social channels.

Top-Tier Team: The Oasis Team is made up of top talent from around the world with backgrounds from Apple, Google, Amazon, Goldman Sachs, UC Berkeley, Carnegie Mellon, Stanford, Harvard and more — all committed to growing and expanding the impact of the Oasis Network.

Technology Highlights

  • 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 own ParaTime. Each ParaTime can be developed in isolation to meet the needs of a specific application, such as confidential compute, 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.

New Application Domains

Scalable, Private DeFi

The Oasis Network is designed to support confidential smart contracts, allowing it to keep data private while being processed. By providing end-to-end data confidentiality on Blockchain, the Oasis Network unlocks new and exciting use cases in DeFi. From under-collateralized lending to preventing front/back running, the Oasis Network can help expand DeFi beyond traders and early adopters to a mainstream market.

Example of how privacy can unlock new markets for DeFi

The network’s cutting-edge scalable features can help unblock DeFi as it works today, fixing the high-transaction fees and slow throughput currently plaguing other Layer 1 networks. Combined, Oasis’ unique ability to provide scalable, private DeFi is expected to make it the leading platform for unlocking the next generation of DeFi markets and use cases.

Data Tokenization & A Responsible Data Economy

The Oasis Network’s combination of confidential computing and blockchain enables a new paradigm called Tokenized Data. Blockchain allows for logging and enforcement of usage policies with high integrity and auditability. Confidential computing ensures that data remains private during computation and cannot be reused without permission. This capsule of data + policies creates a new kind of digital asset that can be consumed along specific guidelines for a specific fee or exchange of value.

With Tokenized Data, the Oasis Network can power the next generation of privacy-first applications and unlock a new responsible data society. Data providers on the Oasis Network can put their Tokenized Data to use. They can earn rewards by staking their data with apps that want to analyze it or control how their most sensitive information is consumed by the services they use.

Data providers can earn rewards from staking their data capsules.

Many projects have already begun building apps that leverage data tokenization on the Oasis. Here are just a few examples:

Case Study: Binance CryptoSafe Alliance

Crypto theft and attacks are on the rise, and exchanges need a platform to identify and ban bad actors. The CryptoSafe Platform was developed by Oasis Labs and Binance to allow exchanges to share threat intelligence data. Because of the Oasis Network’s support for confidential compute, exchange data is kept confidential even while it's being compared.

Case Study: Fortune 500 Healthcare Provider

A Fortune 500 healthcare provider wanted to share data with external parties while retaining control of the data and protecting the confidentiality of patient data. Using an Oasis Labs-built API this leading healthcare company is able to track, trace, and control data usage even when shared with 3rd parties.

Case Study: Nebula Genomics

Nebula Genomics wants to differentiate their product from other competitors by giving their users control of their genetic data. Using Oasis’ framework, customers can retain ownership of their genomic data and Nebula Genomics can run analysis on the data without seeing the customer’s raw information.

The Oasis Network is actively used by both startups and enterprise partners.

Technology Overview

The Oasis Network is a Layer 1, proof-of-stake, decentralized network. It has two main components, the Consensus Layer and the ParaTime Layer.

  1. The Consensus Layer is a scalable, high-throughput, secure, proof-of-stake consensus run by a decentralized set of validator nodes.

  2. The ParaTime Layer hosts many parallel runtimes (ParaTimes), each representing a replicated compute environment with shared state.

Scalability

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 compute and consensus operations into the Consensus Layer and ParaTime Layer. 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.

Privacy-First

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 compute, 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, health information to be used by apps on the Oasis Network — something incredibly risky on other Layer 1 networks.

Versatility

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 backwards 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.

Resources

Research Papers

Documentation and Support

Developer Tools

The Oasis Network has an expanding set of development and network tools made by our community.You can find them all here.

Traction and Adoption

The Oasis Ecosystem

The Oasis Network has a thriving and rapidly growing ecosystem consisting of industry-leading app developers, blockchain infrastructure teams, node operators, universities, and more. We are proud to highlight some of our key partners and community members in the chart below:

Grants & DevAccelerator

The Oasis Foundation has been working with many talented dev teams via our Grants program and DevAccelerator program to build new applications and integrations on top of the Oasis Network. These include:

Community Efforts

The Oasis Network has a thriving community with members from around the world. This is driven in part by the Oasis Ambassador program, where volunteers passionate about the Oasis Network run meetups, write and translate content, answer developer questions, manage online communities, stress test the Oasis Network and more.‌

Ambassadors are also growing strong communities worldwide, including Bangladesh, Vietnam, India, Brazil, Korea, Nigeria, Philippines, Russia, China, South Korea, Turkey, and more.

The Oasis Network also has the largest University Program of any Layer-1 blockchain with over 25 top university departments, blockchain clubs, and others across 5 continents. Members of the program run nodes, build apps and more. Participating universities and university student organizations include Blockchain at Berkeley, Tsinghua University’s Student Association of Digital Finance, Cambridge University’s Blockchain Society, and many more.

Contributing Team

The Oasis Team is made up of world-leading researchers, security experts, and privacy advocates — all working together to build a platform for a responsible data economy.

Oasis Foundation

  • Jernej Kos, Director

  • Jorge Cueto, Product Manager and Developer Relations

  • Peter Us, Core Platform Engineer

  • Richard Whitt, Head of Ecosystem and Digital Stewardship

  • Tadej Janež, Core Platform Engineer

Oasis Labs

  • Dawn Song, Founder

  • Peter Gilbert, Director of Engineering

Press

Over 200 articles have been written since the company came out of stealth mode. Top articles and interviews include:

Articles about the Oasis Network have focused on a variety of topics and span across both mainstream and crypto press: