🔵 ROSE is open for trading on Bitazza! (ROSE/USDT) and (ROSE/USDF)
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ROSE is the native token of Oasis Network, used for paying transaction fees, delegation on the consensus layer, and staking by validator nodes. The Oasis Network is a privacy-focused smart contract platform that prioritizes applications and use-cases that promote data privacy and user confidentiality.
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Oasis Network is a proof-of-stake PoS blockchain network designed to function as a privacy-preserving platform for open finance and responsible use of user data. Oasis Network is a Layer 1 blockchain that offers unique privacy features and high throughput, with reportedly up to 1,000 transactions per second. Oasis Network is built using the Cosmos SDK, meaning that it can be connected to the broader ecosystem of Cosmos-enabled chains via Cosmos’ Inter Blockchain Communication protocol.
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Oasis is unique in how it separates its consensus layer and execution layer for better scalability and increased versatility. The network’s Consensus Layer offers native support for rollups, which in conjunction with it being able to process transactions in parallel with the execution layer, means complex computational workloads can happen without overloading the network. The network’s execution layer, referred to as the ParaTime Layer, is where all smart contract execution happens and consists of multiple parallel runtimes for specialized computation needs that each plug into the consensus layer.
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Additionally, Oasis facilitates the creation of “Tokenized Data” – enabling users to take control of the data they generate and manage or monetize it how they see fit. This novel approach creates a new model of incentivized data economy, provides end-to-end data confidentiality on the blockchain, and unlocks additional use-cases and applications within the greater Web3 ecosystem.
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Data from: https://oasisprotocol.org/
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