On July 28, Oasis Labs, the developer of the privacy computing network Oasis Network (hereinafter referred to as Oasis), announced a partnership with Meta. As an important technical partner of Meta, Oasis Labs has built a platform using Secure Multi-Party Computation (SMPC). Its encryption technology can not only provide a high level of privacy protection for personal sensitive data, but also improve the fairness of Metas AI model and establish Responsible AI (Responsible AI) and data usage.
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High concurrency
Almost all public chains are a trade-off between decentralization, scalability and security. However, due to the openness and transparency of the information on the chain, everyone can access the data on the chain, and with the continuous development of blockchain applications, more and more information may be exposed by users. Privacy on the chain has gradually become a pain point in the industry, so privacy is gradually increasing. Become the fourth issue that needs to be considered in the blockchain.
Oasis is one of the public chains that can solve privacy problems, but before explaining how Oasis protects user privacy, I have to mention another feature of Oasis—high concurrency.
Oasis separates consensus and execution into two layers: the consensus layer and the ParaTime layer. The separation of consensus and execution allows multiple ParaTimes to process transactions in parallel. ParaTime can be simply understood as different networks on Oasis.
ParaTimes unique design guarantees different ParaTimes on OasisProcess transactions in parallel without affecting each other, which makes Oasis have high concurrency characteristics, which can ensure that Oasis can serve multiple enterprises at the same time without reducing performance and not facing network congestion that other blockchain networks may face.
This means that complex workloads processed on one ParaTime will not slow down another ParaTime, transaction processing is simpler and more efficient, and each independent ParaTime can be guaranteedSecurity and Privacy。
In addition to privacy, ParaTime can alsoFlexible Configuration Parameters, such as the scale of committee enforcement, which is related to the level of security required by users to meet specific business needs. Additionally, ParaTime cantransportRun a different VM, such as the EVM or Rust-based smart contracts, and can be designed as permissioned or permissionless systems. Ultimately, ParaTimes customization and flexibility allow developers to strike the ideal balance between security, performance, and privacy.
Compared with public chains such as Ethereum and Solana, the Oasis network has stronger scalability, wider versatility, and higher security and privacy. It also supports developers to customize parameters and redesign the system, and the Oasis network can Serving a large number of projects and enterprises without losing the above attributes is quite unique in the multi-chain world.
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How Oasis Protects Privacy
Oasis protects user privacy through a design called Confidential ParaTime (Confidential ParaTime).
As mentioned earlier, the Oasis network separates the consensus layer from the computing layer, and the computing layer becomes ParaTime. Different enterprises/developers can build ecological applications on ParaTime, but there is a special ParaTimes called confidential ParaTime.
In Confidential ParaTime, nodes need to use a secure computing technology called Trusted Execution Environment (TEE). TEE is like a black box for smart contract execution. Encrypted data enters the black box along with the smart contract, then the encrypted data is decrypted, processed by the smart contract, and remains encrypted until it is sent out of the black box. This process ensures that data remains confidential and is not disclosed to node operators or application developers.
And Oasis also launched new ParaTime, such as Parcel ParaTime, Cipher ParaTime, etc., to meet the ever-changing privacy needs of users, developers, and enterprises.
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Oasis unique ParaTime design enables Oasis to have both privacy and high concurrency characteristics, which makes Oasis stand out among the public chains. In addition, Oasis has accumulated rich application experience in the course of several years of development, and has been recognized by industry leaders such as Binance. Oasis has also established a reliable brand image in the industry. Perhaps Meta chose to cooperate with Oasis to jointly promote the development of artificial intelligence and responsible data because of the good technology and good reputation of Oasis.
