The Oasis Network is a Layer 1 decentralized blockchain network designed to be uniquely scalable, privacy-first, and versatile. The Network has two main architectural 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. The ParaTime Layer can host many parallel runtimes (ParaTimes), each representing a replicated compute environment with shared state.
The ROSE token is the native token of Oasis Network, it will be used for transaction fees, staking, and delegation at the Consensus Layer.
ParaTimes on the Oasis Network can leverage privacy-preserving technology enabling users to share their data to earn income while keeping it totally confidential, unlocking new Web 3 use cases like digital identity and private metaverse applications for blockchain.