ROSE/USD: Convert Oasis Network (ROSE) to United States Dollar (USD)

Oasis Network, represented by its native token ROSE, is a pioneering layer 1 blockchain designed to enable scalability and confidential compute. It is home to Sapphire, the first confidential Ethereum Virtual Machine (EVM) that empowers Web3 and Decentralized AI developers to build decentralized applications (dApps) with Smart Privacy. This can be done natively on Oasis or other EVM-based chains. ROSE is used for gas fees, staking, delegation, and governance. Oasis Network's unique layered architecture presents an optimal environment for building and executing applications in various sectors such as DeFi, AI, GameFi, NFTs, the metaverse, data tokenization, and DAO governance.

Oasis Network operates through a unique layered architecture that separates the network’s consensus layer from the compute layer. The consensus layer, secured by a proof-of-stake (PoS) mechanism, acts as a hub for reaching network-wide agreement on transaction ordering, validity, and global state. The compute layer, on the other hand, functions as the execution platform for smart contracts. It consists of multiple parallel runtimes (ParaTimes) that are built for specialized computation needs. This layered approach allows for a dynamic and low-cost deployment of any dApps running on Oasis or using Oasis technology while running on another host network. Each ParaTime plugs into the Oasis consensus layer, and each Oasis runtime can evolve independently of the others while maintaining security provided by the consensus layer.

Oasis Network aims to provide an optimal building and execution environment for various sectors. It seeks to serve DeFi, AI, GameFi, NFTs, the metaverse, data tokenization, and DAO governance. Its unique architecture and privacy-preserving computation capabilities make it suitable for applications that require confidentiality and efficiency. For instance, developers can build dApps with Smart Privacy on Oasis, which allows applications to be completely confidential, completely public, or anywhere in between on the spectrum of confidentiality. This flexibility in privacy settings can be beneficial for a wide range of applications, from data-heavy smart contracts to simple transaction data.

Oasis Network is built and contributed by a vibrant, decentralized community of engineers and developers. Many of the core contributors hold PhD degrees and are specialists in computer security and cryptography. The network is also supported by a group of industry-leading backers and external contributors who collectively support a $235 million Ecosystem Fund to foster ecosystem development in Oasis. The Oasis Foundation also runs an active grants program to support builders and creators using the network. The current supply of Oasis Network ROSE is 6.5 billion tokens, with a total supply of 10 billion ROSE.