Be the first to build the first ever confidential dApp in Solidity, and win prizes. Sapphire, the Confidential EVM ParaTime, allows you to use familiar tools to build confidential smart contracts and dApps.

Today is the final to join the Keep It Confidential Hackathon! Please submit your applications ASAP. If you have any questions or need assistance, we are happy to help in the #💻┃hackathon channel on Discord.

https://oasisprotocol.org/hackathon

Happy Monday everyone 🙌 Wishing y'all a productive week ahead.

Oasis Network recently implemented a new a form of news desk and I've decided to share it here so we can get more information about Oasis easily. Weekly updates guaranteed!

Introducing the Oasis TL;DR- a bite sized news roundup featuring weekly updates from Oasis Network and our blossoming ecosystem 🌹

Make sure you follow @newonoasis on Twitter to stay in the know about what’s happening in the Oasis Ecosystem 🙌

Within the Oasis Network currently, there are two confidential ParaTimes — Cipher and Sapphire. Additionally, there are data governance APIs in Parcel that help with data tokenisation and create things like Confidential NFTs, which have a real role to play in Web3. Let's talk about this amazing Paratime system, Cipher.

Cipher: The Confidential WebAssembly-Compatible ParaTime
Cipher is a ParaTime for the Oasis Network that supports confidential smart contracts. In a confidential ParaTime like Cipher, nodes are required to use a secure computing technology called a Trusted Execution Environment (TEE).
TEEs are analogous to a black box for smart contract execution. With the use of key management, encrypted data goes into the black box along with the smart contract, where the data is decrypted, processed by the smart contract, and then encrypted before it is sent out of the black box.
This process ensures that data remains confidential and is not disclosed to the node operator or application developer, maintaining true and total privacy for users.
Having a confidential ParaTime offers dApp builders looking to provide privacy protection a place to build towards Web3. There is a new demand from individuals and legislation for privacy to be preserved. Those building the foundations of Web3 can do so with Cipher while propelling blockchain into this new era.

The Oasis Foundation was created to foster a global community around the Oasis ecosystem and support its growth and decentralization. At its core, the Oasis Foundation is a not-for-profit organization and is comprised of an international team with members in Europe, Asia and North America. You can learn more about each validator by clicking on their name and going to their validator info page.

Main Activities (+_+)

The Oasis Foundation’s main activities include:

✅Supporting and bringing people together to build vibrant and creative communities.

✅Facilitating and funding various community-driven activities (through grants, hackathons, and more).

✅Promoting transparency, governance and the decentralization of The Oasis Network.

✅Driving awareness, educating and ensuring that everyone is informed about ongoing activities, product features and projects.

Sapphire — the first and only confidential EVM for the web3 industry — allows for:⁠
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🔵 Confidential state, end-to-end encryption, & confidential randomness⁠
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🔵 99% EVM compatibility⁠
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🔵 Easy integration with EVM-based dApps, such as NFT, Metaverse, crypto gaming and DeFi⁠
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🔵 Scalability — increased throughput of transactions⁠
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🔵 Low-cost — 99%+ lower fees than Ethereum⁠
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🔵 Cross-chain bridge to enable cross-chain interoperability (upcoming)⁠
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Learn more about Sapphire at the link in our bio

The Sapphire ParaTime is the official confidential Ethereum Virtual Machine (EVM) Compatible ParaTime providing a smart contract development environment with EVM compatibility.

As the official confidential EVM-compatible ParaTime on the Oasis Network, Sapphire allows for:

✅Confidential state
✅End-to-end encryption
✅Confidential randomness
✅EVM compatibility
✅Easy integration with EVM-based dapps, such as DeFi, NFT, Metaverse and crypto gaming
✅Scalability — increased throughput of transactions
✅Low-cost — 99%+ lower fees than Ethereum
✅Cross-chain bridge to enable cross-chain interoperability (upcoming)