The Oasis Network is a decentralized blockchain network built by Oasis Labs, dedicated to creating a "cloud computing platform" based on blockchain technology. It enables privacy protection, security, and performance, utilizing the projects integrated hardware and software technologies to facilitate compute-intensive applications like artificial intelligence on the blockchain for the first time.

Vision:

To power privacy-protecting, scalable decentralized finance (DeFi).

Market Demand:

Current large-scale blockchain infrastructures, such as Ethereum, lack privacy-preserving features. However, privacy protection is essential and critical in commercial applications. Additionally, blockchains need to achieve three functions: consensus, computation, and storage. Present blockchain projects mix these functionalities, requiring each node to execute all three, which can lead to scalability bottlenecks for the entire blockchain.

Solution:

The Oasis Network introduces the concept of separating computation from consensus. After separation, the parallel computing layer has better parallel computing capabilities, supporting multiple ParaTimes running concurrently. Oasis also combines distributed ledger technology with secure computation, integrating technological innovations and uniqueness at the ParaTime layer. This supports scalable, privacy-preserving DeFi and enables new data assets. By combining blockchain with secure computation, Oasis can establish data ownership and apply data with privacy protection, extracting value and generating new data assets.

Project Highlights:

Outstanding Privacy Computing Performance: The Oasis network separates consensus and computation into consensus and computing layers. The computing layer runs smart contracts within a TEE (Trusted Execution Environment). This unique architecture allows Oasis to support compute-intensive use cases like machine learning and deep learning while ensuring mainnet scalability and privacy.

Ethereum Backward Compatibility: Supports Rust and all Ethereum Virtual Machine (EVM)-compatible programming languages, enabling quick migration of Ethereum smart contracts to the Oasis Labs network, attracting developers to the Oasis ecosystem more effectively.

Strong Team: Founded and led by Prof. Dawn Song, known as the "Godmother of Computer Security." Most team members come from UC Berkeley, bringing deep technical expertise and high industry relevance.

Impressive Investor Base: Backed by prominent investment firms including a16z crypto, Binance Incubator, Polychain, and GaoRong Capital, as well as Coinbase co-founder Fred Ehrsam.

Incentive Mechanism:

On October 23rd, Oasis announced the launch of a liquidity mining program called ROSE Garden. Participants will receive ROSE token rewards, with a total of 30 million Rose tokens awarded. According to the official announcement, the participation window opens at 8 AM Beijing Time on October 29th and closes at 7:59 AM on December 15th.

Token Allocation and Release:

Supporters 23%: Tokens sold directly to supporters before the mainnet launch.

Unlocking schedule: ⅓ after a 40-day lock-up period following mainnet launch, ⅓ after 12 months, and the final ⅓ after 18 months.

Core Contributors 20%: Compensation for core contributors who have contributed to the development of the Oasis Network.

Foundation Donation 10%: Donated to the Oasis Foundation to promote the development and maintenance of the Oasis Network.

Community and Ecosystem 22.5%: Funding programs and services for the Oasis Network community, including developer grants and other community incentives provided by the Oasis Foundation.

Strategic Partners and Reserves 5%: Funding programs and services provided by key strategic partners in the Oasis Network.

Staking Rewards 19.5%: Rewards distributed to stakeholders and representatives in a chained manner to enhance the security of the Oasis Network.

Market Perspective:

Many blockchain companies both domestically and internationally have recognized the importance of privacy-preserving blockchain computing. Addressing blockchain privacy and scalability issues could pave the way for widespread commercial adoption. Oasis Labs unique design, separating consensus and computation into distinct layers, significantly enhances the overall networks scalability compared to competitors, supporting compute-intensive operations like machine learning, with a wide range of future applications.

Risks:

While Oasis boasts strong technology, its commercial exploration is still in its early stages.