Oasis Network Price

Oasis Network (ROSE) is the native cryptocurrency of the Oasis Network, a privacy-focused Layer 1 blockchain platform designed for scalability and versatility. Currently ranked #307 with a price of $0.01227, ROSE has seen a +1.06% change in the last 24 hours. The token has a capped maximum supply of 10 billion tokens, with 7.55B ROSE currently in circulation. ROSE serves multiple functions within the ecosystem, including staking, transaction fees, and governance participation. The token supports the network's dual-layer architecture that separates consensus operations from computation, enabling both privacy features and smart contract functionality. With backing from major venture capital firms, ROSE powers applications across DeFi, data privacy, and AI sectors on the Oasis Network.

Oasis Network was created in 2020. The cryptocurrency was officially launched on November 17, 2020, and operates on the Ethereum platform. Oasis Network was developed by the Oasis Protocol Foundation with a focus on privacy, scalability, and smart contract capabilities. It's designed as a Layer 1 blockchain solution that supports various applications including DeFi, NFTs, and data privacy use cases. Since its launch, Oasis Network has established itself as part of the growing ecosystem of privacy-focused blockchain platforms.

The founders of Oasis Network are Dawn Song, a renowned computer science professor at UC Berkeley, and a team of blockchain experts. Dawn Song is a leading figure in computer security and privacy research. The project was launched in 2020 with backing from notable venture capital firms including a16z, Polychain Capital, Pantera Capital, Binance Labs, and Dragonfly Capital. The founding team's vision was to create a privacy-focused layer-1 blockchain that combines scalability with confidential computing capabilities, positioning Oasis Network as a unique solution for both decentralized finance and data privacy applications.

Oasis Network works through a dual-layer blockchain architecture that separates consensus from computation. The ParaTime Layer handles complex computations while the Consensus Layer manages transaction validation. ROSE tokens serve multiple functions: 1. Staking: Validators stake tokens to secure the network and earn rewards 2. Transaction fees: Users pay fees in ROSE for network operations 3. Governance: Token holders vote on protocol upgrades and changes The network uses proof-of-stake consensus, which is more energy-efficient than proof-of-work. With a current price of $0.01227 and market cap of $92.64M, ROSE ranks #307 among cryptocurrencies. The network supports privacy-preserving smart contracts and confidential computing, making it ideal for DeFi, data tokenization, and enterprise applications. The total supply is 10B ROSE with 7.55B ROSE currently in circulation. Transaction volume in the past 24 hours reached $39.76K with a price change of +1.06%.

Oasis Network operates on a dual-layer architecture designed for scalability, privacy, and versatility: 1. Consensus Layer: Handles transaction validation and network security using a Proof-of-Stake mechanism. This layer maintains the blockchain's integrity and processes transactions efficiently. 2. ParaTime Layer: A unique compute environment that allows parallel execution of smart contracts. This layer supports multiple specialized runtime environments called ParaTimes, each optimized for different use cases. Key technical features include: - Separation of consensus and execution for improved scalability - Confidential ParaTimes for privacy-preserving computations - Support for EVM compatibility - Cross-ParaTime communication protocols - Secure enclaves for sensitive data processing This architecture enables Oasis Network to achieve high throughput, maintain data privacy, and support diverse applications across DeFi, data tokenization, and confidential computing use cases, all while maintaining a current price of $0.01227.

Oasis Network has an ambitious roadmap focused on expanding its ecosystem and technological capabilities. The project aims to enhance its Layer 1 blockchain with improved scalability, privacy features, and smart contract functionality by 2027. Key upcoming developments include: • Expanding the DeFi and DePIN infrastructure • Enhancing cross-chain interoperability • Implementing advanced AI & Big Data solutions • Strengthening privacy-preserving computation capabilities With backing from major venture capital firms like Polychain Capital, a16z, and Pantera Capital, Oasis Network is positioned for significant growth. The team plans to increase developer adoption through grants and hackathons while focusing on enterprise partnerships to drive real-world use cases. The total supply of 10B ROSE ROSE tokens supports a sustainable tokenomics model with gradual release schedules, ensuring long-term ecosystem stability and growth potential through 2031.