Oasis

Overview

Oasis Network (ROSE) is a privacy-focused layer-1 blockchain platform designed to support confidential smart contracts and decentralized applications. The network uses a unique ParaTime architecture that separates consensus and execution into different layers to enhance scalability and versatility.

Purpose and Utility

The primary intended purpose of ROSE is to serve as the native token of the Oasis Network, used for staking, governance, and transaction fees. The token facilitates the operation of the network's privacy-preserving features and supports its ParaTime architecture.

Current Usage

The network is actively being used for several key purposes: 1) Staking and network security through its proof-of-stake consensus mechanism, 2) Operating confidential smart contracts through its ParaTime architecture, 3) Supporting DeFi applications with privacy features, 4) Enabling data tokenization and secure computation services.

Business Model Analysis

The platform's core business model revolves around providing privacy-focused blockchain infrastructure services. The primary revenue streams come from transaction fees and the network's ability to support confidential computing services. These activities align with halal principles as they provide genuine utility and involve the exchange of real value.

Development Activity

The project maintains active development with regular updates to its core protocol and ParaTime framework. The GitHub repository shows consistent contributions, and the team regularly releases technical updates and improvements.

Token Distribution

The token distribution includes allocations for staking rewards, ecosystem development, and team members. While there is a significant portion allocated to the team and early backers, these tokens are subject to vesting schedules to ensure long-term alignment.