The presence of a new blockchain platform adds to the excitement of the blockchain cryptocurrency industry, the OASIS protocol foundation is one of the protocols that offers privacy in open finance and economic data.
The OASIS network with the ROSE token is currently rank 199th at the price of $ 0.1637. Where the ROSE token will have a maximum supply of 10 billion ROSE. At the time of writing, ROSE tokens have reached 15% of the total planned maximum supply. Whereas the tokens in circulation currently have reached 1.5 billion ROSE.
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- 1 What is the OASIS protocol?
- 2 How does OASIS protocol work?
- 3 What is Rose Crypto?
- 4 OASIS protocol founder
- 5 OASIS protocol wallet
- 6 OASIS protocol roadmap
- 7 OASIS protocol Binance
- 8 OASIS protocol Coinbase
- 9 OASIS protocol Coinlist
- 10 OASIS protocol chainlink
- 11 Is OASIS Network a Good Investment?
- 12 OASIS protocol price prediction
- 13 Final Thought
What is the OASIS protocol?
Oasis protocol, also known as the OASIS network, is a blockchain platform with active privacy for open finance and a responsible data economy.
The Oasis protocol was able to power scalable personal DeFi, revolutionizing Open Finance, extending it beyond merchants and early adopters to the mass market.
The OASIS network has unique privacy features that can not only redefine DeFi, but also create a new type of digital asset called Data Tokenization. This allows users to take control of the data they generate and earn rewards through staking mechanisms with the app to create the first responsible data economy.
The OASIS network uses a new ParaTime Architecture that separates consensus from computing, which allows it to have greater scalability and support a variety of specialized computing needs.
How does OASIS protocol work?
The OASIS protocol works by splitting consensus and execution into two layers – the Consensus Layer and the ParaTime Layer – for better scalability and increased versatility.
Through consensus and execution split allows multiple ParaTimes to process transactions in parallel. As a result, a complex workload that resides at one ParaTime Time is not faster, transactions are simpler at another.
ParaTime Layer supports decentralization, anyone can develop and build their own ParaTime.
Each ParaTime can be developed separately to meet the needs of specific applications. To covert computing, open or closed committees, and more.
The OASIS network is a secret open-source from ParaTime that uses a secure enclave to keep data confidential while it is in.
The OASIS network uses data tokenization through secret computing to keep data private and cannot be used without permission. It will create new digital assets that can uses together for the exchange of a certain value.
Data providers on the Oasis Network can win rewards for staking their data with applications. To analyze it or control how their most sensitive information for the public.
What is Rose Crypto?
The ROSE native token is a coin on the OASIS network to carry out all transactions. Both for staking, and delegations on the Oasis Network at Mainnet launch.
History ROSE itself is a symbol of “secrecy”. since Ancient Greece. Aphrodite uses Roses as a gift as a reward for keeping the secrets of the Gods.
The symbol of the Rose for secrecy is also used in Tudor England where state secrets are decided in a room with roses hanging from the ceiling. But roses are also a flower that is liked by women, whether the founder of the OASIS network is a woman, so he likes to choose the ROSE symbol on his token.
The ROSE token itself is created with a total of 10 billion token,s, and at the time of the token launch, there will be approximately 1.5 billion in circulation. 2.3 billion tokens will be paid for staker, and delegators to secure the OASIS network.
OASIS protocol founder
If most of the project inventors in cryptocurrency were dominated by men, the OASIS network that found them was a woman. She is Dawn Song, a Chinese American woman and a professor at the University of California, Berkeley.
In building the OASIS network, he and his team put forward the importance of privacy and data confidentiality. Privacy problems are often serious problems for many people. OASIS comes by combining software and hardware that claims to be very safe to activate smart contracts.
OASIS protocol team
The OASIS development team comes from international class companies, which are researchers, security experts as well as private lawyers who work together to build the OASIS network.
The companies include Google, Berkeley University, Harvard University, Carnegie Melon University, Amazon, Goldman Sachs, and Stanford University.
- Jernej Kos, Director
- Jorge Cueto, Product Manager, and Developer Relations
- Peter Us, Core Platform Engineer
- Tadej Janež, Core Platform Engineer
- Jon Poole, Community Manager
- Dawn Song, Founder
- Anne Fauvre, COO
- Peter Gilbert, Director of Engineering
OASIS protocol wallet
To store crypto tokens and coins requires a wallet address, OASIS network users also need a crypto wallet to store their ROSE tokens.
Users can use the Mobile wallet and several other wallets that support the use of the ROSE token. This is useful for managing your ROSE assets.
OASIS mobile wallet
A mobile wallet is a wallet that is a wallet application that needs to isntalling on a smartphone. You can store ROSE tokens on the Bitpie and Trustwallet apps.
Using Bitpie you can create a wallet address to receive ROSE coins and/or transfer them to another valid OASIS wallet address.
Besides supporting ROSE tokens. Bitpie also supports other cryptos such as ETH, BTC, USDT. So this wallet can uses for multiple cryptocurrencies.
Trust Wallet is an open-source wallet that supports a variety of cryptocurrencies, including the ROSE token, which you can use Trustwallet to store a wide variety of cryptocurrencies.
This wallet also supports platforms for Android and iPhone, depending on the device you have, you can download it on the app store and/or google play store. It is also a multi-cryptocurrency wallet that has been used by more than five million users worldwide.
OASIS protocol roadmap
You can find the OASIS network roadmap on medium.com, the OASIS protocol foundation can be found there. Some points that can be taken from the upcoming OASIS roadmap plan are as follows:
Mainnet Launch of Oasis-Eth ParaTime
Oasis Network focuses on confidentiality, but it also has a flexible design where anyone can build a computing environment by connecting it to the Oasis Consensus Layer.
OASIS has developed their own EVM-compatible ParaTime that is fully Ethereum-compatible in the last year. Currently the second state is ready to carry from beta to mainnet.
Following the launch of Oasis-Eth ParaTime later this month, the community can test the developer experience and earn rewards. After that OASIS-ETH hackathon was launched following the launch of Oasis-Eth ParaTime on Mainnet.
The next four months plan will upgrade the mainnet which will take care of performance improvements. Additional features, and support for on-chain governance.
Especially in this mainnet upgrade, the focus is greater with the introduction of the new ParaTime SDK. The new Paratime SDK will make it easier for developers to build custom computing environments and connect them to the Oasis Network.
Bridge to Ethereum
At the beginning of the second quarter, the team will build an Ethereum bridge. Users can transfer between the Oasis network and the Ethereum Network using the bridge to Ethereum . Developers can use this bridge for access to ROSE or Ethereum based tokens.
Ethereum Bridge ParaTime testnet with incentives
Before the Ethereum Paratime bridge launches on mainnnet, the Oasis Foundation will host a testnet with incentives to test ParaTime designs, and test hardware requiring ParaTime requirements such as SGX.
Node operators will allows to earn prizes in testnet tests on the ParaTime bridge and compete for a prize set.
OASIS protocol Binance
Binance is a global exchange being one of the largest crypto exchanges. You can trade trading pairs that are pairing with ROSE on Binance. The exchange started listing ROSE tokens on 19 November 2020 with ROSE/BTC, ROSE/BUSD and ROSE/USDT.
OASIS labs and Binance are also known to join forces through the CryptoSafe Alliance to fight crypto fraud. The CryptoSafe platform is suspected of being able to detect fraud while maintaining confidentiality and privacy.
OASIS protocol Coinbase
Coinbase is indeed one of the largest cryptocurrency exchanges in the world, but according to our watch, Coinbase is not available for trading ROSE tokens. It’s just that this exchange provides chart price information for ROSE tokens. It provides price chart information, total market cap, 24-hour daily volume, and total circulating supply.
For the OASIS network through Coinbase you can make ROSE a watchlist and get news information related to the OASIS network.
OASIS protocol Coinlist
The OASIS network also uses the Coinlist service for fundraising. From the blog.coinlist report dated November 24, 2020, through Coinlist, OASIS was able to bring in 6,700 New Token Holders Join Oasis.
On Coinlist itself, OASIS uses the term ROSE plantation for fundraising. Divided into two options, as a component of the ROSE garden.
- ROSE farm.
- ROSE cultivation.
In the ROSE farm participants are rewarded for temporarily adding USDC or USDT to the ROSE Farm pool. As for ROSE Cultivation, participants get more ROSE through staking the farmed ROSE.
The participation of the OASIS network through Conlist has been a success. ROSE’s farm program received $ 10.5M Total Value Locked.
This program also succeeded in gathering over 3,000 delegators from more than 100 countries as part of ROSE Cultivate.
To secure off-chain data resources, the OASIS network integrates with the Oracle Chainlink network which aims to strengthen the integrity and security of dApps built on the Oasis Network.
It can also encourage the growth of the Defi ecosystem. For decentralized, decentralized, lending, trading, payments, valuation, and collateral.
Referring to the statement of Sergey Nazarov, co-founder of Chainlink. That the merging of Chainlink’s decentralized oracle does not break the Oasis. Network’s unique privacy features so that it can open a new generation of Open Finance and DeFi applications for general audiences.
The combination also allows the Oasis Network such as personal data. Such as bank statements or social security numbers. Then carry onto the blockchain and remain completely encrypted.
That will expand DeFi’s lending coverage by offering loans under collateral.
Is OASIS Network a Good Investment?
The OASIS network with the ROSE token currently tops the 192 rankings. It may still be new, with a current value for ROSE of $ 0.1733.
This is included in the price which is undervalued. Maybe the OASIS network still has to work hard to be able to move up the rankings to become the top cryptocurrency.
Prices that are below value, give investors the advantage of getting at a cheap price. When looking at the foundation of the OASIS network. It is enough to provide a solution for user confidentiality and privacy.
Meanwhile, from the past price history, the change in the value of this ROSE token still ranges from $ 0.03 to $ 0.22. The price change is not very significant. Even though the OASIS team is the people who work for the leading companies in the world.
If referring to the analysis by Cointobuy.io, based on the ranking of the OASIS factors, the value is 3.1. This value is low, so in conclusion, OASIS still needs hard work to get sympathy from crypto investors.
OASIS protocol price prediction
Even though OASIS may not be a lot of Google search keywords, to complement this article, we also embed some predictions from popular forecasting sites.
- Coinquora predicts the price of ROSE may rise to a price of $ 0.112 to $ 0.115 in the next few months.
- Meanwhile, Digitalcoinprice predicts on the metric page with details in 2021 to reach $ 0.26564883 US,
2022 the price is predicted to arrive at $ 0.29926339 USD, 2023 on $ 0.35779596 USD. 2024 on $ 0.41220204 USD. 2025 on $ 0.51663375 USD, 2026 on $ 0.60605320 USD 2027 on $ 0.65588216 USD 2028 on $ 0.77498319 USD.
- Gov Capital predicts the price can reach $ 0.599342 with a large profit of 274,589% in 2021.
The OASIS network is built in a similar way to the Ethereum network. This adds to the list of emerging cryptocurrencies with good potential to buy shares when the price is below the asking price.
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