{"id":10998,"date":"2023-02-26T21:03:24","date_gmt":"2023-02-26T21:03:24","guid":{"rendered":"https:\/\/www.bitnovo.com\/blog\/?p=10998"},"modified":"2022-05-18T01:59:21","modified_gmt":"2022-05-18T01:59:21","slug":"what-is-oasis-network-rose","status":"publish","type":"post","link":"https:\/\/www.bitnovo.com\/blog\/en\/what-is-oasis-network-rose","title":{"rendered":"What is Oasis Network (ROSE)?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Alternar tabla de contenidos\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-oasis-network-rose\/#history_of_oasis_network\" >History of Oasis Network<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-oasis-network-rose\/#what_does_the_oasis_network_offer\" >What does the Oasis network offer?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-oasis-network-rose\/#how_does_the_network_work\" >How does the Network work?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-oasis-network-rose\/#what_is_rose\" >What is ROSE?<\/a><\/li><\/ul><\/nav><\/div>\n<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 4<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span><p>Have you heard about Oasis Network? This project is well known for being the first\u00a0<strong>privacy-enabled blockchain<\/strong>\u00a0platform for open finance and a\u00a0<strong>sustainable data economy<\/strong>. The goal of creating this project is based on enabling a platform where data is used\u00a0<strong>securely, fairly and responsibly.<\/strong><\/p>\n<p>It is worth noting that this platform was designed for the next generation blockchain.\u00a0<strong>Oasis Network<\/strong>\u00a0stands out for combining its high performance and secure architecture thus empowering the private and scalable DeFi world, revolutionizing\u00a0<strong>Open Finance<\/strong>\u00a0and extending this world beyond\u00a0<strong>merchants and early adopters<\/strong>\u00a0to a supermarket.<\/p>\n<p>Thanks to the\u00a0<strong>unique privacy features<\/strong>\u00a0it introduces it redefines the DeFi world, but not only that, it also brings a new digital asset class known as Tokenized Data that gives users full control over the data they create and they can also<strong>\u00a0generate rewards<\/strong>\u00a0for abstaining from applications by\u00a0<strong>offering responsible data.<\/strong>\u00a0This project is the first of its kind, hence its importance.<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h3><span class=\"ez-toc-section\" id=\"history_of_oasis_network\"><\/span><strong>History of Oasis Network<br \/>\n<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The Oasis Network project was first brought to life by\u00a0<strong>Dawn Song<\/strong>, the founder of the project.\u00a0<strong>Song<\/strong>\u00a0devised a new\u00a0<strong>paradigm<\/strong>\u00a0where true data privacy can exist\u00a0<strong>online<\/strong>\u00a0in a very\u00a0<strong>secure<\/strong>\u00a0way. In such a paradigm people would have full control of their data in a responsible manner while also having the option to\u00a0<strong>profit<\/strong>\u00a0from it.<\/p>\n<p>After this project idea appeared, in\u00a0<strong>2018<\/strong>, Dawn finally founded\u00a0<strong>Oasis Labs,<\/strong>\u00a0where the fundamental work for the development of the Oasis Network project was carried out. During the development of the project, repeatedly Dawn emphasizes that a fundamental part of Oasis\u2019\u00a0<strong>mission<\/strong>\u00a0was particularly important, as it was to\u00a0<strong>develop technologies<\/strong>\u00a0that could use data in a way that preserves the\u00a0<strong>privacy<\/strong>\u00a0of users.<\/p>\n<p>For the developer, data should be seen as\u00a0<strong>property and is capable of powering the global economy<\/strong>\u00a0in a way the world cannot yet imagine; however, this has a downside and that was that, just as\u00a0<strong>powerful<\/strong>, data is potentially dangerous once it is at risk. This is why Oasis Network was created to change the way things are done in the\u00a0<strong>crypto space<\/strong>\u00a0and on the web.<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<p>&nbsp;<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"what_does_the_oasis_network_offer\"><\/span><strong>What does the Oasis network offer?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>At first glance it looks like just another project in the crypto world, however, it has\u00a0<strong>many advantages and useful tools<\/strong>\u00a0that represent a before and after in the history of cryptographic data.<\/p>\n<p>Oasis Network employs\u00a0<strong><a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-blockchain-and-how-does-it-work\/\">blockchain<\/a>\u00a0technology<\/strong>\u00a0to ensure the\u00a0<strong>security<\/strong>\u00a0of its users by being the first scalable security-enabled blockchain. In addition, ParaTimes (set of nodes in the network) leverages this\u00a0<strong>computing technology<\/strong>\u00a0to create secure attachments capable of maintaining data\u00a0<strong>confidentiality.<\/strong><\/p>\n<p>This project is\u00a0<strong>the first privacy design<\/strong>\u00a0that can be extended beyond merchants or early adopters resulting in the acceptance of this technology in<strong>\u00a0a new traditional market<\/strong>. Its innovative scalability design and DeFi transactions offer great\u00a0<strong>speed and high performance<\/strong>\u00a0in its operation.<\/p>\n<p>This network offers something that few projects can afford and that is data\u00a0<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-tokenization-or-tokenization-process-quick-guide\/\">tokenization<\/a>. The Oasis network is able to tokenize\u00a0<strong>data<\/strong>, unlock game-changing use cases for the blockchain and an ecosystem of applications and projects on the blockchain. This empowers the next generation of applications to focus on prioritizing privacy.<\/p>\n<p>Another attraction of this network is<strong>\u00a0the rapid growth of its community<\/strong>, with more than 1,000 operators among developer nodes, business partners, ambassadors and almost 10,000 community members participating in global social channels.<\/p>\n<p>A fact that inspires a lot of confidence in this project is its\u00a0<strong>development team<\/strong>. It is made up of recognized talents from all over the world. In it we can find developers with experience in<strong>\u00a0Apple, Google, Amazon, Goldman Sachs, UC Berkeley, Carnegie Mellon, Stanford, Harvard<\/strong>\u00a0and many more. All of them focused on expanding the network through all their knowledge.<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div id=\"image_82611696\" class=\"img has-hover x md-x lg-x y md-y lg-y\">\n<div class=\"img-inner dark\"><img fetchpriority=\"high\" decoding=\"async\" class=\"attachment-large size-large lazyloaded\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/12\/OASIS-NETWORK1.jpg\" sizes=\"(max-width: 768px) 100vw, 768px\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/12\/OASIS-NETWORK1.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/12\/OASIS-NETWORK1-300x205.jpg 300w\" alt=\"OASIS-NETWORK\" width=\"768\" height=\"526\" data-srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/12\/OASIS-NETWORK1.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/12\/OASIS-NETWORK1-300x205.jpg 300w\" data-src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/12\/OASIS-NETWORK1.jpg\" data-sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/div>\n<\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"how_does_the_network_work\"><\/span><strong>How does the Network work?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The first thing to note is that Oasis is a completely decentralized network that operates through\u00a0<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-proof-of-stake-and-how-does-it-work\/\">proof of participation<\/a>.\u00a0<strong>It is a layer 1 privacy-first network.<\/strong>\u00a0Oasis Network, as we mentioned earlier stands out as a highly scalable blockchain enabled for security and privacy in decentralized finance and for maintaining a responsible data economy where the data is owned by the user.<\/p>\n<p>This network offers a real alternative to current solutions such as\u00a0<strong>confidentiality and decentralization<\/strong>\u00a0combined in a single project. Oasis is compatible with the Ethereum network, as its\u00a0<strong>ParaTime<\/strong>\u00a0was designed with support for the\u00a0<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-the-ethereum-virtual-machine\/\">Ethereum Virtual Machine<\/a>. To top it off, it also has support for all robustness tools, with the difference that it offers higher performance and lower gas rates than on the Ethereum network.<\/p>\n<p>The operation of this network is possible thanks to certain components that will be briefly explained below.<\/p>\n<ul>\n<li>\n<ul>\n<li aria-level=\"1\"><b>Oasis Network<\/b>: The network designed for next-generation blockchain was the first in history to enable this privacy-oriented technology. The network integrates with a number of wallets, DeFi world applications, nodes and other components that make it unique.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li>\n<ul>\n<li aria-level=\"1\"><b>Oasis Foundation:\u00a0<\/b>This foundation has the main objective of empowering the entire ecosystem surrounding the network. This foundation is responsible for carrying out various fundamental activities such as funding various activities such as grants and hackathons, expanding communities to global regions, supporting and unifying users to build creative communities, among others.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li>\n<ul>\n<li aria-level=\"1\"><b>Oasis University Program:\u00a0<\/b>This program has more than 25 founding members and is aimed at fostering a community of node operators who are interested in the program. It is the largest university program in a layer 1 blockchain network.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li>\n<ul>\n<li aria-level=\"1\"><b>Ambassadors and collaborators:\u00a0<\/b>This is a group of influencers, technologists and evangelists with the mission of helping to expand the project.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li>\n<ul>\n<li aria-level=\"1\"><b>Oasis Labs<\/b>: Oasis Labs is one of the first partners of the project. In this foundation he carried out most of the development of the project.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div id=\"image_1900749935\" class=\"img has-hover x md-x lg-x y md-y lg-y\">\n<div class=\"img-inner dark\"><img decoding=\"async\" class=\"attachment-large size-large lazyloaded\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/12\/OASIS-NETWORK.jpg\" sizes=\"(max-width: 768px) 100vw, 768px\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/12\/OASIS-NETWORK.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/12\/OASIS-NETWORK-300x205.jpg 300w\" alt=\"OASIS-NETWORK\" width=\"768\" height=\"526\" data-srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/12\/OASIS-NETWORK.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/12\/OASIS-NETWORK-300x205.jpg 300w\" data-src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/12\/OASIS-NETWORK.jpg\" data-sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/div>\n<\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"what_is_rose\"><\/span><strong>What is ROSE?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>ROSE is the platform\u2019s\u00a0<strong>native token<\/strong>. This token is intended to drive\u00a0<strong>transactions, bets and delegation<\/strong>\u00a0on the system\u2019s blockchain. This token can be obtained as a\u00a0<strong>reward<\/strong>\u00a0or can be purchased on various exchanges.<\/p>\n<p>This token owes its name and logo to the fact that in ancient times\u00a0<strong>roses<\/strong>\u00a0symbolized secrets and, being\u00a0<strong>privacy-oriented<\/strong>, it fits perfectly with the project\u2019s mission. This token has a limited issuance of\u00a0<strong>10 billion<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 4<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span>Have you heard about Oasis Network? This project is well known for being the first\u00a0privacy-enabled blockchain\u00a0platform for open finance and a\u00a0sustainable data economy. The goal of creating this project is based on enabling a platform where data is used\u00a0securely, fairly and responsibly. It is worth noting that this platform was designed for the next generation [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":7460,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-10998","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-criptomonedas"],"_links":{"self":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/10998","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/comments?post=10998"}],"version-history":[{"count":0,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/10998\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media\/7460"}],"wp:attachment":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media?parent=10998"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/categories?post=10998"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/tags?post=10998"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}