7 Things you Need to Know About Oasis Network (ROSE)

Oasis Network (ROSE)

Oasis Network is a layer 1 blockchain that promotes data privacy and user confidentiality. Thanks to its high throughput and secure design, the Oasis Network intends to power scalable solutions on DeFi and data privacy.

In this story, I am going to explain 6 things you better need to know about this project. For more info, you can also check the official documentation of the project here.

#1–Design Goals

Here are 5 design goals of the Oasis Network Blockchain:

• Flexibility: system parameters are easy to modify (e.g. constraints on ParaTime nodes).
• Extensibility: new components can be added easily to the current architecture (e.g. new ParaTimes).
• Scalability: transaction throughput is guaranteed to increase, once the network starts to grow.
• Security: the architecture enforces security policies, mainly through performing computations in private.
• Fault Isolation: problems in one component (e.g security breaches or performance issues) do not affect other components.

#2 — Design Principles

Here are 3 design principles of the Oasis Network Blockchain:

• Modular Architecture: each…