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Oasis -Blockchain for Privacy dApps

The Oasis Blockchain Platform is a Layer1 Proof of Stake(PoS) smart contract platform that provides scalability, extensibility, and privacy. It is the first privacy-enabled blockchain platform for open finance and a r…

By Sheena Jordan
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Oasis -Blockchain for Privacy dApps

The Oasis Blockchain Platform is a Layer1 Proof of Stake(PoS) smart contract platform that provides scalability, extensibility, and privacy. It is the first privacy-enabled blockchain platform for open finance and a responsible data economy.

Modular architecture -

The Modular architecture allows multiple blockchains to function. It has two main components

Th consensus component only handles validator committee management operations such as token balance transfer, staking, delegation, debonding, etc. It accepts updated state hashes from Paratimes and writes them into the next block of the Oasis blockchain.

ParaTimes- Paratimes is where smart contract execution occurs. The decoupling of execution from consensus allows each component to be optimized for its respective tasks.

Oasis Privacy layer -

The Oasis Privacy Layer (OPL) is an EVM-compatible privacy solution that empowers developers to add new functionality to smart contracts on the most popular EVM networks like Ethereum, BNB Chain, and Polygon with encrypted transactions and confidential state. It acts as an accessible middleware for Web2 and Web3 applications.

Sapphire is EVM compatible privacy solution that empowers Web3 with smart privacy. It helps in building privacy dApps.It adds instant privacy to existing dApps.

Consensus mechanism-

It uses BFT, a Proof of stake consensus mechanism.

Unique features of Oasis-

  1. Instant finality

  2. High throughput -up to 1m Transaction per second

  3. Low fees - 99% cheaper than ETH

  4. Privacy enabled blockchain

  5. Scalable, private DeFi

ROSEUSD prices jumped more than 90% from the previous week's low of $0.07623.It hit a high of $0.1500 and is currently trading around $0.13430. The pair holds above the short-term (21 and 55-day EMA) and above the long-term moving average (200-day EMA).

The near-term resistance is around $0.1680, any indicative breach above will take the pair to $0.20/$0.250. On the lower side, immediate support is $0.0950, and any violation below targets $0.0750/0.0600.

Indicators ( Daily chart)

CCI(50)- Bullish

Directional movement index - Bullish

It is good to buy on dips around $0.1150 with SL around $0.0750 for TP of $0.250

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