rosePrice

(ROSE)

The Oasis Network is a Layer 1, proof-of-stake, decentralized blockchain designed for scalability and privacy. It aims to power the next generation of privacy-first Web3 applications, including DeFi, GameFi, NFTs, and the metaverse. The ROSE token is the native cryptocurrency of the Oasis Network, serving multiple essential functions within its ecosystem.

The ROSE token serves several crucial functions. It is used to cover transaction fees across the network, ensuring smooth operation. Token holders can stake and delegate ROSE to secure the network through its proof-of-stake mechanism, earning rewards for their contribution. ROSE also grants participation in governance, allowing holders to vote on proposals that shape the network's future. Additionally, it supports various dApp-specific use cases on the ParaTime layer.

The Oasis Network is pioneering as a privacy-enabled blockchain platform capable of powering private, scalable DeFi solutions. It achieves this through confidential computing, which allows for the secure processing of sensitive information without revealing the underlying data. Another key feature is data tokenization, empowering users with greater control over their personal data and fostering a responsible data economy where privacy is paramount.

The Oasis Network employs a distinct layered architecture comprising two main components. The Consensus Layer is a scalable, high-throughput, and secure proof-of-stake layer managed by decentralized validator nodes, responsible for network integrity. The ParaTime Layer hosts multiple parallel runtimes, known as ParaTimes. These are replicated compute environments with shared state, designed to enable parallel transaction processing and significantly enhance overall network scalability and efficiency.

Staking ROSE tokens involves locking them up to enhance the network's security and stability. In return, stakers contribute to the proof-of-stake consensus and can earn rewards, typically paid out in ROSE, approximately every hour. There is usually a 14-day unbonding period when staked tokens are no longer earning rewards and cannot be transferred, ensuring network stability during withdrawal. This process allows token holders to actively participate in securing the network.

ROSE tokens can be obtained from various leading cryptocurrency exchanges. These platforms provide a convenient way to purchase ROSE. Additionally, tokens can be transferred between the Consensus Layer and ParaTimes using the official ROSE App, or bridged from other blockchain networks. This flexibility ensures accessibility for users looking to engage with the Oasis Network.