What Is Oasis Network and How to Buy ROSE Tokens?

In our commitment to broaden our offerings continually, we are introducing a new project addition - Oasis Network. The Oasis Network is a private, Layer-1, proof-of-stake smart contract platform designed for efficient and confidential smart contract execution.

In this article, we will explore the Oasis Network, explaining how it works and learning about its dual-layer modularity consisting of the consensus layer and the ParaTime layer. We will explore three ParaTimes on the Oasis Network: Emerald ParaTime, Cipher ParaTime, and Sapphire ParaTime. We will examine the Oasis Privacy Layer and learn about the Oasis native token, ROSE, its tokenomics, and statistics. We will conclude the article by providing concise steps on how to purchase and trade the Oasis Network token, ROSE.

What Is Oasis Network?

Oasis Network is a scalable, extensible, and private Layer-1 proof-of-stake smart contract platform. Oasis Network enables an efficient and confidential smart contract execution. Oasis Network's modular architecture allows for consensus layer modifications and supports various smart contract runtimes, fostering innovation and adaptability in blockchain technology.

Oasis Network is designed for high flexibility, scalability, security, and fault isolation. It emphasizes easy modification and the addition of new features for enhanced functionality. The platform focuses on efficiently handling increasing transaction volumes, and prioritizes confidential computations and strict security policies, outperforming traditional blockchain systems. Its fault isolation ensures that issues in one component don’t impact others. This enables the development of diverse ParaTimes (parallel runtimes), each designed for specific security, performance, or usability needs, particularly beneficial for confidential smart contracts.

The Oasis Network has a unique design with two main parts: a consensus layer and a separate ParaTime layer for smart contracts. The consensus layer handles the management of validators and scheduling, which makes the system more secure and efficient by keeping complex smart contract operations separate. ParaTimes are adaptable and can be customized to meet different needs for security, performance, and specific rules like legal requirements for businesses. This setup means that if there's a problem in one ParaTime, it doesn't affect the rest, keeping the whole system stable and performing well. There are three ParaTimes built by the Oasis core team already on the network; Emerald ParaTime, Cipher ParaTime, and Sapphire ParaTime.

What Is Emerald ParaTime?

Emerald ParaTime is the official ParaTime on the Oasis Network. It offers a smart contract environment with full EVM compatibility, allowing easy integration with EVM-based decentralized applications (dApps) in categories like decentralized finance (DeFi), NFTs, Metaverse, and crypto gaming. Emerald ParaTime is designed to provide scalability, increasing the throughput of transactions, and it offers lower fees compared to Ethereum, with fees being more than 99% lower. 

What Is Cipher ParaTime?

Cipher ParaTime is a privacy ParaTime designed for executing Wasm smart contracts, officially supported by the Oasis Protocol Foundation. It offers flexibility in data storage, security through Rust language, scalability with increased transaction throughput, and cost-effectiveness.

What Is Sapphire ParaTime?

Sapphire ParaTime is the official confidential EVM Compatible ParaTime on the Oasis Network. It enables Smart Privacy for Web3 by allowing developers to create flexible EVM-based on-chain dApps with confidential or public smart contracts. It offers features like confidential state, encryption, EVM compatibility, seamless integration with various dApps, improved scalability, low fees compared to Ethereum, and 6-second transaction finality.

What Is Oasis Privacy Layer?

The Oasis Privacy Layer is an innovative cross-chain EVM-compatible privacy solution that opens new possibilities for confidential smart contracts in decentralized applications. Oasis Privacy Layer works by allowing decentralized applications to deploy on Sapphire while remaining on their host network with users and assets. 

Oasis Privacy Layer enables secure messaging between the host network and Sapphire via Oasis Privacy Layer. Decentralized applications can use their native tokens for gas, benefiting from Sapphire's confidentiality. This setup processes messages on Sapphire, allowing users to interact with confidential contracts and pay gas using their native token.

What Is the ROSE Token? 

ROSE is the native token of the Oasis Network. The ROSE token serves as the utility token for Oasis, used for transaction fees, staking to earn rewards, and delegation within the consensus layer. A token allocation of 2.3 billion ROSE has been reserved for stakers and will be automatically distributed as staking rewards to both stakers and delegators for their role in securing the network over time.

ROSE Tokenomics

How to Buy and Trade ROSE Tokens？

CoinEx is a global cryptocurrency exchange, trusted by 5+ millions of users worldwide with 100% reserve. With its 700+ tokens supported, including ROSE, users can now trade easily and seamlessly. To purchase ROSE tokens on CoinEx, follow the steps below.

1. Create an Account: Start by signing up for a CoinEx account. 
2. Deposit Funds: After logging in, deposit funds into your CoinEx account using any supported cryptocurrencies or deposit methods available on the exchange. Having funds in your account enables you to execute trades seamlessly.
3. Navigate to ROSE Trading Page: Once your account is funded, go to the dedicated ROSE trading page on CoinEx. You can find a search box and enter the term ROSE to swiftly locate the trading pair associated with ROSE tokens.
4. Choose a Trading Pair: Select the trading pair ROSE/USDT if you'd like to trade ROSE against USDT (Tether).
5. Specify the Purchase Amount: Determine the quantity of ROSE tokens you want to purchase. Input the amount in the trading interface, which will calculate the corresponding cost based on the current market price.
6. Execute the Trade: With the specified amount, proceed to execute the trade. Confirm the details, and if you are satisfied, submit the order. 

By following these comprehensive steps, you can easily trade ROSE tokens on CoinEx, taking advantage of the available trading pairs.