Oasis Network

Oasis Labs, the core developer of the Oasis Network, was founded in 2018 by University of California at Berkeley professor Dawn Song. The development team raised $45 million from a16z crypto, Polychain Capital, and Binance Labs, among others, to support initial protocol development. Oasis Network is a privacy-focused smart contract platform for open finance built using the Cosmos SDK.

The Oasis Network is a Layer 1, proof-of-stake, decentralized network. It has two main components, the Consensus Layer and the ParaTime Layer. The Consensus Layer is a scalable, high-throughput, secure, proof-of-stake consensus run by a decentralized set of validator nodes.

Some of the benefits of using Oasis Network are:

PRIVACY ENABLED
Oasis Network presents itself as the first privacy-enabled blockchain and the proof is in its execution.

PRIVATE DEFI
If your data can be used for computation without being revealed to another party, then DeFi can use this ability to unlock new features such as under-collateralized lending.

DATA TOKENIZATION
Oasis Network’s privacy-enabling feature, data providers can stake their private data and earn rewards.

The only way to stake Oasis Network is through the Oasis Network decentralised application (dApp).The token is primarily staked for contingency purposes, rather than being used to validate and process blockchain transactions, the Oasis Network platform is the one generating rewards.

Oasis Labs's top competitors include Heroku, Natural Intelligence Systems, Qase and Webiny. Oasis Labs is a privacy-first cloud computing platform on blockchain technology.