Oasis Network
Current price
$0.00783
−5.89%24h
LiveUpdated 34s ago
TodayOasis Network drops 5.9%, trailing the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour−0.89%
- 24 hours−5.89%
- 7 days+0.77%
- 30 days+18.58%
- 1 year−58.42%
Oasis Network's move in context
Lagging the market today
−5.89% today against −3.26% for the market as a whole, a gap of 2.6 points. Small gaps like this are common, so they don't point to anything specific.
Part of a climb
+0.8% over 7 days and +18.6% over 30 days: the recent move continues the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About Oasis Network
Overview
The Oasis Network is a privacy-focused, scalable blockchain platform designed to facilitate a new era of decentralized applications (dApps) and services. Developed with the primary aim of user privacy and data ownership in mind, the Oasis Network ensures that data remains secure and is only accessible to those authorized by the data owner. Its core mission revolves around creating a global economy that serves everyone while enabling individuals to gain control over their personal data. The distinguishing features of the Oasis Network include the integration of confidential smart contracts, a unique architecture that separates consensus and execution layers, and a focus on performance and compatibility with existing decentralized finance (DeFi) protocols.
Technical Features
One of the key technical features of the Oasis Network is its unique consensus mechanism known as ParaTime. This allows for multiple parallel runtimes to execute transactions concurrently, enhancing scalability and enabling various applications to run simultaneously without interference. The network also employs a secure enclave to ensure the data privacy of confidential smart contracts, which empowers developers to build applications that protect sensitive user information. Additionally, the Oasis Network is built on the Tendermint consensus algorithm, combining Byzantine Fault Tolerance (BFT) with the benefits of proof-of-stake (PoS) mechanisms. This security model not only ensures high throughput but also strengthens the overall network against potential attacks.
Use Cases
The Oasis Network has a wide array of use cases that position it as a versatile player in the blockchain ecosystem. Primarily, it facilitates decentralized finance (DeFi) applications, enabling users to lend, borrow, and trade assets securely while maintaining their privacy. The network also supports governance protocols, allowing token holders to participate actively in decision-making processes. Furthermore, use cases extend into the realm of non-fungible tokens (NFTs), enabling users to create, buy, and sell digital assets while retaining privacy. The compatibility of the network with smart contracts makes it suitable for various industries ranging from supply chain management to healthcare, ensuring that users' data is handled securely and transparently.
Development Background
The Oasis Network was developed by Oasis Labs, founded by Dawn Song, a professor at UC Berkeley and a recognized figure in the field of cryptography and privacy. The project began in 2018 with the goal of creating a blockchain that prioritizes privacy and scalability. In 2020, the network's mainnet was officially launched, marking a significant milestone for the project. Over its history, the Oasis Network has garnered significant attention, securing partnerships with a variety of organizations and receiving funding from leading venture capital firms that support the development of innovative technologies.
Community and Ecosystem
The Oasis Network boasts a vibrant ecosystem supported by a passionate community of developers, users, and advocates. Various projects built on the Oasis Network spectrum from DeFi solutions to privacy-preserving data marketplaces. The network's partnerships with industry leaders enhance its capabilities, as it integrates with existing services to provide enhanced user experiences. The community actively participates in governance, offering feedback and suggestions to enhance the platform’s features, ensuring it remains user-centered and adaptable to changing needs.
Future Potential
The future potential of the Oasis Network is substantial due to its innovative technology and diverse use cases. As the demand for privacy-preserving solutions continues to grow, Oasis Network's unique offerings position it well to capture market share in sectors that require secure handling of user data. Upcoming features, as indicated on its roadmap, include the enhancement of its DeFi applications, integration with more NFT platforms, and expansion of its developer tools to make blockchain more accessible. By continuously evolving and adapting to user needs, the Oasis Network aims to solidify its role as a leader in privacy-centric blockchain solutions for years to come.
Oasis Network market
- Position by market cap among the coins we track.
- #225
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $52.69M
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $0.00751High $0.00842
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $0.5973
- Now 1% of itReached 15 Jan 2022 · Needs +7,529% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 6.73B ROSE
- 67% of max
- Coins that exist now and can be traded.
- Every coin created so far, minus any destroyed, including coins that are locked up.
- 10B ROSE
- Every coin created so far, minus any destroyed, including coins that are locked up.
- The most coins that can ever exist. Some coins have no limit.
- 10B ROSE
- The most coins that can ever exist. Some coins have no limit.
Oasis Network converter
1 Oasis Network = $0.00783
