The Block • Sep 25, 23
Solana DePIN projects aim to take gig economy to next level
DePINs provide a revenue-generating opportunity analogous to today’s gig economy, according to Solana Foundation DePIN lead Kuleen Nimkar.
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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
The price of Oasis Network has fallen by 3.40% in the past 7 days. The price increased by 1.85% in the last 24 hours. In just the past hour, the price shrunk by 0.53%. The current price is $0.0417 per ROSE. Oasis Network is 93.06% below the all time high of $0.60.
The current circulating supply is 6,542,267,493 ROSE.
ROSE is a cryptocurrency that powers Oasis Protocol, a layer one blockchain that aims to be privacy-preserving and scalable. Oasis Protocol enables fast transaction speeds and the creation of private smart contracts. The ROSE token is used to pay for transaction fees and for staking to validate Oasis Protocol’s proof of stake blockchain.
is a decentralized layer 1 solution designed to support confidential and -compatible . blockchain solution is the one that improves the underlying main blockchain architecture or the base protocol to make the overall system scalable.
Oasis allows for efficient, verifiable, and confidential smart contract execution on its platform. In addition, Oasis is a scalable, versatile, privacy-first solution with a low gas fee. Also, the platform offers ease of development, high rewards on , and data monetization options to its users.
Users can come on board to build or platforms on the Oasis blockchain network. One of the platform's unique features is that Oasis separates consensus and execution in two layers, allowing multiple ParaTimes to run parallelly on the web for better scalability and versatility. These two main architectural components are:
The Consensus layer is run by decentralized validator nodes and allows for a scalable, high-throughput, and secure consensus. This layer has been kept simple and only handles validators' committee management operations.
The ParaTime layer hosts many parallel runtimes or ParaTimes. These independent ParaTimes offer flexibility to incorporate different runtimes for different needs.
This means that the complex workloads performed on one ParaTime would not slow down the more straightforward and faster transactions on the other ParaTime. Besides, the ParaTime layer is wholly decentralized and allows anyone to develop their ParaTime in isolation. The network supports confidential smart contracts, which allows end-to-end confidentiality, keeping data private while processing.
The Oasis network has a unique system of discrepancy detection that makes it more effective than sharding. is used to reduce the network's slowness and make it more scalable by splitting the database into separate shards. Moreover, the data tokenization feature on the platform allows for data monetization options for the users.
The Oasis platform supports two first-party non-custodial wallets; one is a web wallet named Oasis Wallet Web. The other is a browser extension wallet called Oasis Wallet- Browser extension. These wallets connect to the platform smoothly and allow users to hold, send, and receive ROSE .
In addition, these are fully open source, developed by Oasis's community developers. The wallets provide users with multiple features like viewing transaction history, managing various accounts, and generating new transactions. The wallets also toggle between the light mode and dark mode and receive staking rewards.
The native token ROSE is a utility token on the Oasis platform and has a fixed supply. ROSE can be used to pay transaction fees, staking, and delegating on the Oasis consensus layer. Stakers and delegators on the platform will receive staking rewards in ROSE tokens for securing the network over time.
Anyone with ROSE tokens can delegate their tokens to a validator node and earn the validator's staking rewards. Rewards depend on the number of tokens staked. Moreover, ROSE can be used for smart contract operations where fees need to be paid in ParaTime.
Though ROSE is a fixed-supply token, not all tokens have been released publicly by the Mainnet launch. Only a fraction of the total supply is in circulation.
Oasis Network claims to be the first privacy-enabled, proof-of-stake, decentralized network designed for open finance and a responsible data economy.
Oasis is a not-for-profit organization, mainly created to foster a global community around its ecosystem, and is made up of an international team. The entire Oasis team is composed of members from Europe, Asia, and North America. Jernej Kos is the director of Oasis Foundation. The project was launched in 2020.
The community members run a unique Oasis Ambassador Program, where passionate volunteers can run the meetups, answer developer questions, write and translate content, and manage online communities.
Assets with the biggest change in unique page views on coinbase.com over the past 24 hours.
The current market cap of Oasis Network is $272.51M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Oasis Network is $0.60. This all-time high is highest price paid for Oasis Network since it was launched.
Over the last 24 hours, the trading volume of Oasis Network is $8.62M.
The current circulating supply of Oasis Network is 6.5 billion.
The median time that Coinbase customers hold Oasis Network before selling it or sending it to another account or address is 74 days.
Oasis Network ranks 107 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
Currently, 97% of Coinbase users are buying Oasis Network. In other words, 97% of Coinbase customers have increased their net position in Oasis Network over the past 24 hours through trading.
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