Oasis Mainnet: Ushering in a New Era of Privacy and Scalability

The Oasis Mainnet launch is the start of a new era of scalable, private blockchain networks that can revolutionize DeFi and tokenize data.

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Summary

  • It is the first scalable, privacy-enabled blockchain that can support private DeFi and Data Tokenization
  • The Network has many exciting projects being built on the network including the CryptoSafe Alliance with Binance, privacy-first genome sequencing with Nebula Genomics, a Fortune 500 Healthcare company, and many more.
  • The Network has a rapidly growing ecosystem of DeFi partners such as Chainlink, Balancer, and Meter, with many more coming in future weeks.

Mainnet is Live

With hundreds of applications, partnerships and validators on the network already, here are just a few community highlights:

This moment is the culmination of an incredible effort from the Oasis Community including node operators, cryptoenthusaists, and privacy advocates committed to making the Oasis Network, and its vision for private, scalable DeFi and Data Tokenization, a reality.

A Network for the Next Generation of Blockchain

One of the Oasis Network’s core features is its support for confidential compute — a process where data is kept encrypted and private even while being processed by a node on the network. This feature is available today in Oasis Labs’ ParaTime. Applications built with the ParaTime can leverage confidential compute to protect data, while also getting the benefits of immutability and traceability of a blockchain.

To more easily leverage these unique features, Oasis Labs has also built a TypeScript SDK called Parcel that allows developers to automatically implement data ownership and access policies, consume data in a privacy-preserving environment, and unlock data that was previously too regulated or risky to use. If you’re interested in building with Parcel, we invite you to visit our website and apply for access to the SDK.

To learn more about the Oasis Network’s unique design and how it achieves confidentiality, visit our primer here.

Unlocking New DeFi Markets

This powerful combination of private, scalable smart contracts has the potential to unlock new use cases like under-collateralized loans, and private automated market makers. With under-collateralized loans for example, individuals could upload sensitive financial data — allowing them to establish their creditworthiness and providing assurances to a lender that they will pay their debts. This allows lenders to offer under-collateralized loans for the first time on blockchain, unlocking entirely new markets and expanding DeFi to a mainstream audience.

We see use cases like under-collateralized loans as just the beginning. With the Oasis Networks unique ParaTime architecture, a broad range of financial services can be powered by blockchain for the first time. The Oasis Network already has a rapidly growing ecosystem of DeFi projects joining the Network such as Meter, Balancer, Chainlink, and more, who are bringing their projects to Oasis in an effort to fuel the next generation of private, scalable DeFi.

A New Class of Data

With Tokenized Data, The Oasis Network can support a new breed of privacy-preserving applications that respect a user’s data preferences by design and ensure each individual is fairly compensated for their data. They can earn rewards by staking their data with apps that want to analyze it or control how their most sensitive information is consumed by the services they use.

Read our white paper to learn more about Tokenized Data and how it can enable a new, responsible data economy.

Oasis-Eth ParaTime: Ethereum but faster

For example, the Second State team has ported over an instance of Uniswap to the Oasis Network. The instance of the app is up and running on the Oasis Network and can be used in its Beta form today. In the coming months, Second State hopes to expand the functionality of their ParaTime to include confidential Solidity smart contracts, port over additional apps, and more.

If you’d like to get started building your own app or port over an existing app to the Oasis Ethereum ParaTime visit the Second State site today.

Beyond Mainnet

We have quite a bit of work ahead of us. While our community is thriving and our list of partners growing, we need more thinkers, privacy advocates, and decentralized believers to help pioneer this new space of tokenized data and private DeFi. We need a new breed of developers to start building privacy first-applications, and we need the next-generation of blockchain enthusiasts to contribute to and help shape the Oasis Network in the years to come. If you think you fit the ticket, we’d love to have you onboard.

Oasis Foundation

A better internet is only a matter of time.