Oasis Community Coffee Corner — October 2021
Welcome to the first of our regular ‘coffee corner’ articles which will discuss topics relevant to the Oasis Network and help answer any questions we may have received from the community.
New papers on Rollup and Validating Bridge
As presented during our Community Townhall, Oasis Network is the first layer-1 network with native support for rollups. By separating execution from consensus, Oasis Network’s paratime layer serves as a form of rollup (more generally called validating bridge) on the consensus layer, offering a number of advantages including scalability, extensibility, etc.. For more details, please see our recent paper. For a simpler overview and comparison of different rollup solutions including zk rollup, optimistic rollup, and Oasis’ bare metal fraud proof, please read this excellent article.
You can find out more about our roadmap and where we are focused at https://github.com/oasisprotocol/community/discussions/29.
We appreciate your feedback, so please comment and tell us what you are most excited about, what you like or what you think we are missing.
How we calculate circulating supply:
Total Token Supply (10,000,000,000 ROSE)
Tokens in the common pool (Tokens yet to be released on-chain as Staking Rewards)
Tokens held in reserve wallets owned by the Oasis Foundation
Tokens that are not yet released according to the release schedule are locked in the wallets governed by the Foundation. However, from time to time, the Foundation may shuffle wallets to optimize internal operational processes, e.g., switching custodians.
You may have noticed several large transfers that have happened recently. We can confirm that these transactions are only related to the internal transactions within and/or across custodians.
Similarly, you may have seen a large number of Tokens staked and then de-bonded. We can confirm that these are only related to switching delegations between different custody providers.
Since day one, we have been transparent about our token release and have upheld our word that a meaningful portion of Foundation tokens not in the circulating supply upon launch is staked on the network. Any staking rewards earned will go back into the network via future validator delegations, network feature and capability development, and ecosystem grants and development.
Tokens set aside for Staking Rewards will be distributed every epoch according to on-chain staking mechanisms. These are calculated based on how many blocks are produced, how many nodes are participating in staking, and how many tokens are staked, etc. Further details about staking incentives can be found here.
The remaining token allocations will be distributed according to the release schedule announced in November 2020.
Be sure to tune in to our official channels for all the latest news on Oasis and our constantly expanding ecosystem and partnerships.
You can engage with the Oasis team on any of our social media channels:
- Public Slack channel
- Public Telegram channel (for community discussions open to everyone)
- Telegram Announcement channel (for one-way updates from the Oasis Foundation)
About Oasis Protocol
Oasis is the leading decentralized, privacy-enabled, layer-1 blockchain network. Combined with its high throughput, low gas fees and secure architecture, the Oasis Network is able to power scalable DeFi, revolutionizing Open Finance and expanding it beyond traders and early adopters to a mass market. Oasis has many key backers including Andreessen Horowitz, Polychain, Pantera, Dragonfly, and Binance Labs, and several projects already building on its network & partners such as the CryptoSafe Alliance with Binance, The BMW Group, Chainlink, Balancer, and others.