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A new era of blockchain

At the Oasis Foundation, we believe in building a new responsible data economy. Here users can control and tokenize their data - track the usage of data by applications and companies, and get fair rewards. To get there, we need a new platform with strong cryptographic primitives such as decentralization, private computing, and scalability.

To help us achieve this vision, we've worked closely with a community of researchers, engineers, and privacy experts to build the Oasis Network. Designed for the next generation of blockchain, the Oasis Network is the first privacy-preserving blockchain platform for open finance and a responsible data economy.

Combined with its high-throughput and secure architecture, the Oasis Network can power private, scalable decentralized finance — extending it beyond traders and early adopters to the mass market. For the first time, real-world identities can be linked to on-chain finance, unlocking new use cases such as undercollateralized loans, privacy-preserving dark pools, automated market makers, stablecoins, oracles, payments, and more.

Its unique privacy-preserving features could not only redefine decentralized finance, but also create a new type of digital asset called tokenized data, which puts users in control of the data they generate and stakes the data through the use of applications Earn rewards by staking.

"With its privacy-preserving and scalable properties, the Oasis Network is well-suited to power the next generation of blockchain applications and usher in a new responsible data economy," said Dan Boneh.

The robust, privacy-preserving design of the Oasis network is already being used. Here are some examples of projects being developed on the web:

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Fortune 500 Healthcare Provider

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ParaTime Architecture

The Oasis Network is able to support these new blockchain use cases through an innovative architecture called the ParaTime architecture, which separates computation and consensus, with computation going into the ParaTime layer and consensus going into the consensus layer. The consensus layer is a scalable, high-throughput, proof-of-stake consensus run by a decentralized set of validator nodes.

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ParaTime example

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Backward compatibility with Ethereum

With the new Ethereum Virtual Machine (EVM) compatible Oasis-Ethereum ParaTime from Second State, the Oasis network supports all Ethereum-based decentralized applications. ParaTime, developed by Second State, provides an easy-to-use development environment for smart contracts written in Solidity, YUL, Vyper, Rust, and other popular blockchain programming languages.

With nearly 10 times the throughput and 6-second confirmation time, Oasis Ethereum ParaTime is not only fully backward compatible with Ethereum, but also much more optimized in performance. And its transaction fee is less than 1% of that on Ethereum. Existing Ethereum smart contracts and decentralized applications including decentralized finance (DeFi) and DEX applications can be used on the Oasis network at very little cost. run on. Second State is working to support confidential smart contracts on its Oasis Ethereum ParaTime in the near future.

Oasis-Ethereum Community Cup is about to start

Second State and the Oasis Foundation will host a competition where you can win rewards for building decentralized applications and completing tasks on Oasis Ethereum ParaTime. Developers will be able to test Second State's web-based development environment, deploy smart contracts and build user interfaces for their own decentralized applications. Rewards will be given for completing various tasks, porting popular Ethereum DApps, and making innovative new Decentralized Finance (DeFi) DApps. The contest will start on Monday, October 12. If you are interested in participating please fill inthe formtelegram grouptelegram groupand inTwitterFollow us on to get the latest updates.

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Oasis Labs is hard at work developing ParaTime, which is designed to support privacy-preserving applications and data tokenization. ParaTime is based on open sourceOasis ETH/WASI ParaTime, which supports TEE (Trusted Execution Environment), TEE helps data to be protected while in use and ensures that the original data will not be leaked or misused.

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Road to Mainnet

With mainnet just around the corner, we’re excited to engage more with the community to help foster the development of privacy-preserving blockchains designed for open finance and data tokenization. The Oasis Network has a thriving and rapidly growing ecosystem consisting of industry-leading application 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:

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