We are Oasis Network - Ask us anything

[DianaM]

We are Oasis - the leading privacy-enabled, layer-1 blockchain. Our backers include Polychain, Pantera, Dragonfly & we have established partnerships with companies like Genetica, Nebula, BMW, Binance and more! Ask us anything!

GREETINGS BitcoinTalk

It's the Oasis Protocol Foundation team, here to update you on our recent developments, and share our vision for the future of Oasis Network. Before we get started, we’d like to introduce ourselves:

William Wendt - Ecosystem Growth Manager
Meredith Darden - Community Manager

We will be answering your questions and discussing all things Oasis for 1 hour, starting 1 PM ET, on October 5th

About Oasis
Oasis is the leading privacy-enabled and scalable layer-1 blockchain network. It combines high throughput and low gas fees with secure architecture to provide a next-generation foundation for Web3 and will power DeFi, crypto gaming, NFTs, Metaverse, Data tokenization and Data DAOs.

Oasis propels web3 forward, scaling it and evolving it from infancy to maturity. Supported by top industry backers, Oasis recently announced the $235 million Ecosystem Fund to support projects to build on the network. Oasis Labs, the ecosystem technical contributor, has partnered with the likes of Meta, BMW Group, Genetica and others, to build platforms and products that further individual privacy protection, data governance, and responsible data use.



What Makes Oasis Network Unique?

Scalability:

The Oasis Network is multi-layered, making it highly flexible, scalable, and future-proof. The modular architecture separates consensus and smart contract execution into different layers allowing developers to deploy low-cost privacy-focused dApps.

The ParaTime Layer, a layer which allows for dynamic compute environments to be built, is where all smart contract execution happens, enabling incredible scalability for the network. ParaTimes can also evolve independently while maintaining consensus as security, scalability, or privacy technologies advance into the future.

Privacy-Enabled:

The Oasis Network is the world’s leading scalable, privacy-enabled blockchain with its ParaTime layer enabling customizable confidentiality for developers. ParaTimes on the Oasis Network then leverage its privacy-preserving technology, enabling users to have complete control over the confidentiality of their information.

With the Cipher ParaTime, developers can experience a proper Web3 environment that is privacy-first and geared towards confidentiality. Cipher supports the building of complex confidential smart contracts, opening up a world of opportunities for users who want to be in charge of their data.

Sapphire is another privacy-enabled ParaTime that is the first and only confidential EVM compatible. Solidity developers now can easily switch to Web3 in an environment that is familiar with tools that are well known, and built Web3 dApps like never before.

A Foundation for Web3:

Oasis is working to establish itself as the foundation for the Web3 world. The core value proposition of privacy gives way to other tenants required in the next iteration of the internet. Oasis supports critical pillars like decentralized identity, decentralized society, a responsible data economy and data sovereignty through its range of privacy-preserving technologies and robust blockchain platform.

Through its separation of consensus and computation into two parallel layers, Oasis is far more scalable than other blockchains and can manage many complex transactions at scale. Oasis is ideal for DeFi and GameFi due to instant finality, 99% lower gas fees versus Ethereum, high throughput, privacy protection, and defense against MEV. $ROSE is the native utility and settlement token of the Oasis Platform.

We recently launched Sapphire on Testnet.

The Sapphire ParaTime

 Sapphire is a groundbreaking developer environment as it is the first and only confidential Ethereum Virtual Machine (EVM) compatible ParaTime. This runtime has the ability to help scale blockchain rapidly towards Web3 and allow EVM developers to quickly lay the foundations for privacy-enabled blockchain dApps, which are becoming a necessity as users demand data sovereignty.

Sapphire offers Solidity developers a familiar, Ethereum-compatible building environment, but with the added benefits of Oasis’ privacy technology which is key to allowing blockchain to be part of the Web3 world.



Keep it Confidential Sapphire Hackathon

With the launch of the Sapphire ParaTime on Testnet, we want to offer developers the chance to experience Web3-enabled confidentiality in a language they already know and understand.
We are excited to launch our Keep it Confidential Hackathon, giving developers the chance to build the world’s first confidential DApp in Solidity. We are looking for innovative front-running resistant and privacy-first applications built on Sapphire. Join today to win up to $5,000 in ROSE for your submission:  https://oasisprotocol.org/hackathon

Documentation: https://docs.oasis.io/dapp/sapphire/quickstart/
Video Tutorial:
https://www.youtube.com/watch?v=ePp1fFSmKgI
 
Drop your questions below, we will be answering on October 5th, from 1 PM ET to 2 PM ET.

We also invite you to join our incredible, active community of Oasis Ambassadors! Apply here: https://oasisprotocol.org/ambassador-program

Connect with us: https://linktr.ee/oasisprotocol 

[iSQL]

Can a submission for the hackathon be a "backend only" delivery (smart contracts with its corresponding API and documentation), or must it be a full dApp including frontend?

[Ken007]

For someone coming into the system where can I get a testnet token to use on sapphire?

[ForAllTime]

Now that Sapphire is being released, what role will Emerald play moving forward? What advantage is there to deploying on Emerald instead of Sapphire?

[Nasreddin1205]

For someone coming into the system where can I get a testnet token to use on sapphire?

I think there's a testnet faucet, saw one in their discord. One second [I'm... not sure why I wrote one second since it's not like we're chatting live]

There ya go https://faucet.testnet.oasis.dev/

[Kingemmanuel]

I will like to know, which technology is Sapphire using to compute privacy ? How different is it from Secret Network's programmable privacy with TEE ?

[11chris22]

 How expensive will txs be on Sapphire vs Emerald?

[Mrs.Bieber22]

May I ask, how do you think privacy and data storage features of Web3 can empower society?

[Wintersoldier]

How does a confidential smart contract fundamentally differ from tools/coins such as Monero for example?

[mace15]

Thanks for sharing this information about the latest development on Oasis Network. We all know, there are many blockchain networks these days. Why we should use Sapphire than other top blockchain networks? And What's the advantage of Sapphire over Emerald, Cipher, and Parcel?

[DC600]

Can you illustrate with an example how privacy works? For example, will not ensuring privacy create a permission criteria? How can something be permissionless and yet confer confidentiality?

[sunseteng]

What kind of project you think should be create on web3 first time? Thanks

[Nasreddin1205]

How does a confidential smart contract fundamentally differ from tools/coins such as Monero for example?

I'd like to know that as well, my own speculation is that after reading the opening post, confidential smart contracts would give users protection from front-running. I'd imagine that there would also be more utility than simple coins on a consensus network.

[Mrs.Bieber22]

Just wondering, how will gas work when everything is confidential??🤔

[kalem313]

Hi guys, thanks for the AMA!

Is privacy on Sapphire optional? Which elements of the transaction are private? Last but not least, can someone clarify the difference between sapphire, emerald, ciper and parcel?

[decentralizedceo]

Could Sapphire be used as or considered as a confidential DSN? If so please explain?
Generally asking, what area do you think that Oasis Network as a whole specializes in? DeFi, NFT, DATA Tokenization? or are they equally catered to?

[Crypticrizu]

Does smart contracts provide privacy by hiding the transaction address, amount and hash keys?

[Mscris27]

Can I send 100 rose to a contract while hiding the fact that is was 100 rose? Meaning that the amount of rose my address has, and the amount of rose the contract has, and the amount of rose the transaction has are all hidden? I was testing a basic contract on testnet with a very simple deposit and withdraw function and the transaction/user/contract amounts were visible throughout.

[zapercolator]

How hard is it to port over a smart contract from Ethereum over to Oasis Network? Preferably on Sapphire once it hits mainnet.

[Hziiebar]

Can someone share me what is the difference between sapphire, emerald, ciper and parcel?