Oasis Labs

price
change

Discover Oasis Labs's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Oasis Labs?

Oasis Labs (ROSE) is a privacy-enabled, Layer 1 blockchain platform designed to restore control and ownership of data to users through confidential smart contracts. It achieves high scalability by separating computing and consensus operations into two layers, enabling multiple parallel blockchains called ParaTimes. The platform prioritizes data privacy and confidentiality, ensuring users can share data while maintaining control over it. ROSE, the native token, is used for transaction fees, staking, and delegation on the Consensus Layer.

How is Oasis Labs used?

Oasis Labs, represented by the ROSE token, is a decentralized blockchain network designed for secure and private data-sharing and control. The platform has several key use cases:

  1. DeFi and Financial Services: ROSE is ideal for decentralized finance (DeFi) applications due to its scalability and privacy features, making it suitable for various financial services.

  2. Data Privacy and Ownership: ROSE ensures users have control over their data, allowing them to share it on their terms. This is particularly useful in industries where data privacy is crucial, such as healthcare.

  3. Supply Chain Management: ROSE's privacy features enhance supply chain networks by protecting sensitive data while maintaining transparency and trust.

  1. Staking and Governance: The ROSE token is used for staking and delegation in the network consensus, as well as paying network transaction fees. Token holders can also participate in governance decisions, ensuring the network evolves in a way that benefits the community.

  2. Decentralized AI: ROSE enables the development of confidential AI models that uphold data privacy and security.

  3. Gaming and NFTs: ROSE ensures asset metadata protection and strategic secrecy in gameplay.

  1. DAOs: ROSE enables privacy in voting and governance for unbiased DAO operations and participation.

These use cases leverage the unique features of the Oasis Network, including its scalable and secure architecture, data confidentiality, and decentralized governance model.

How do I store Oasis Labs?

To store Oasis Labs (ROSE) tokens, you have several options:

  1. Binance: You can store your ROSE tokens on Binance, a centralized cryptocurrency exchange.

  2. Ledger Wallet: Ledger supports ROSE tokens through the Ledger Live application. You can store your ROSE tokens securely on your Ledger device.

  3. Oasis Web Wallet: The official Oasis Web Wallet allows you to store, send, receive, and stake your ROSE tokens. It runs as a web application in your browser, and your private keys are encrypted and stored locally.

  1. Oasis Browser Extension Wallet: This wallet runs as an extension to your Chrome-based browser, providing the same functionality as the web wallet. Your private keys are encrypted and stored securely in your browser's encrypted store.

  2. Oasis CLI: For more advanced users, the Oasis CLI allows you to manage your ROSE tokens from the command line. Your private keys are encrypted and stored in your home folder.

  3. MetaMask: While MetaMask is not native to ROSE, it can be used to manage ROSE tokens on the Sapphire and Emerald chains. However, it cannot be used for consensus layer transactions or deposits and withdrawals to and from ParaTimes.

  1. Third-Party Solutions: For Android users, you can use the Kiwi Browser with the Official Oasis Web Extension Wallet to manage your ROSE tokens.

Remember to always use official wallets and follow best practices for securing your private keys and mnemonic phrases to ensure the safety of your ROSE tokens.

How to buy Oasis Labs?

To buy Oasis Labs (ROSE) tokens, follow these steps:

  1. Create an account:

    • On KuCoin, create a free account and secure it by verifying your identity.
    • On Coinbase, download the app and sign up with a valid ID and proof of address.
    • On Pionex, register an account on the website or through the app and pass the KYC verification.
  2. Add a payment method:

    • On KuCoin, add a payment method such as a bank account, debit card, or wire transfer.
    • On Coinbase, connect a payment method like a bank account, debit card, or wire transfer.
    • On Pionex, choose from various payment methods including credit card, debit card, bank wire, and ACH transfer.
  3. Buy ROSE:

  • On KuCoin, select Oasis Network (ROSE) from the list of assets and enter the amount you want to buy.
  • On Coinbase, search for Oasis Network and enter the amount you want to spend in your local currency.
  • On Pionex, go to the "Buy Crypto" section and enter the desired purchase amount.
  1. Finalize the purchase:
    • Review the terms of the purchase and confirm your order on each platform.

Additionally, you can also buy ROSE on other platforms like Binance, following similar steps.

Discover
Oasis Labs
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

History of Oasis Labs

Oasis Labs, the developer behind Oasis Network, was founded in 2018 by Dawn Song, a professor at the University of California at Berkeley. The initial vision was to create a blockchain platform that would guarantee data confidentiality and security while offering optimal scalability and interoperability. In 2019, Oasis Labs raised $45 million in a funding round led by investors including Andreessen Horowitz, Binance Labs, and Pantera Capital. During this period, the development team worked on designing the parallelized architecture and privacy technologies that would be at the heart of Oasis Network.

Discover
Oasis Labs
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

How Oasis Labs works

Oasis Labs, the research and development arm of the Oasis Network, is a crucial component of the ecosystem. Here's how it works:

Overview

Oasis Labs is the R&D point for the Oasis Network, focusing on high-level research and development. This distinction is important, as the Oasis Network is the blockchain protocol and ecosystem development point, while Oasis Labs handles the research and innovation side.

Relationship with Oasis Network

Oasis Labs and Oasis Network are closely related but distinct entities. Oasis Labs is responsible for the research and development of new technologies and innovations, which are then integrated into the Oasis Network. This separation allows for a clear division of labor, with Oasis Labs focusing on cutting-edge research and Oasis Network handling the everyday development and maintenance of the blockchain protocol.

Current Status and Projects

Oasis Labs is currently working on various projects, including the development of Ekiden, a privacy-focused platform for confidential and trustworthy smart contracts. This platform is powered by the native ROSE token and aims to provide secure decentralized computing services without compromising decentralization and verifiability.

Funding and Development

Oasis Labs has received significant funding, including a $45 million investment from investors like 16z crypto and Polychain Capital. This funding has enabled the development of the Ekiden platform and other research initiatives.

Online Presence

Oasis Labs has a relatively low online presence compared to the Oasis Network, which is more focused on community engagement and everyday development. However, Oasis Labs' documentation and GitHub repository are available for those interested in understanding its research and development efforts.

Dawn Song's Involvement

Dawn Song, the founder of Oasis Labs, is an academic and is not involved in the day-to-day operations of the project. She is engaged in high-level research and work, as evidenced by her latest tweets. Her involvement is more focused on guiding the overall direction of the project rather than being actively involved in its daily activities.

Research Focus

Oasis Labs is focused on advancing the state of blockchain technology, particularly in areas like privacy, scalability, and interoperability. Its research efforts are aimed at creating innovative solutions that can be integrated into the Oasis Network, enhancing its capabilities and user experience.

In summary, Oasis Labs is the research and development arm of the Oasis Network, focusing on high-level research and innovation. It is closely related to but distinct from the Oasis Network, and its work is crucial for advancing the capabilities of the blockchain protocol.

Discover
Oasis Labs
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

Oasis Labs's strengths

Oasis Labs (ROSE) boasts several strengths that set it apart from other blockchain platforms:

  1. Privacy-First Approach: Oasis Labs prioritizes data privacy and confidentiality, ensuring that sensitive information remains secure and accessible only to authorized parties. This is achieved through the use of secure enclaves and confidential smart contracts.

  2. Scalability: The network is designed for high scalability, supporting multiple parallel chains concurrently, which enables decentralized applications to handle significant transaction volumes. This scalability is comparable to sharding but with added benefits and less complexity.

  3. Tokenized Data: Oasis Labs has the ability to tokenize data, unlocking innovative use cases for blockchain and creating a new ecosystem of applications and projects on the network.

  1. Private DeFi: The platform extends DeFi beyond early adopters, introducing unique privacy features and paving the way for a novel digital asset category known as Tokenized Data.

  2. Growing Community: Oasis Labs has a thriving community of developers, users, and supporters, which is essential for the long-term success of the project.

  3. Strong Team: The Oasis Team consists of top talent from renowned institutions like Apple, Google, Amazon, Goldman Sachs, UC Berkeley, Carnegie Mellon, Stanford, and Harvard, ensuring a high level of expertise and commitment to the project's growth.

  1. Robust Ecosystem: The platform has a robust ecosystem of partners and collaborators, including major players in the blockchain and technology space, providing valuable resources, expertise, and support.

  2. Innovative Architecture: Oasis Labs uses a parallelized architecture, which allows for high throughput and flexibility, making it an attractive platform for decentralized applications.

These strengths position Oasis Labs as a promising blockchain platform focused on data privacy, scalability, and innovative use cases.

Oasis Labs's risks

Oasis Labs (ROSE) faces several risks that could impact its performance and adoption. Some of these risks include:

  1. Regulatory Risks: As governments and regulators focus more on data privacy and security, there is a risk that they could introduce regulations that might negatively impact ROSE. The network must navigate these regulatory waters to ensure its long-term viability and compliance with laws and regulations.

  2. Adoption and Network Effects: Achieving widespread adoption is a significant challenge for ROSE, like many cryptocurrencies. Building a robust network effect is crucial for its success, but it can be difficult to overcome this hurdle.

  3. Security Risks: While ROSE incorporates advanced security measures, no system is entirely immune to attacks. The network aims to mitigate security risks, but these risks are always present.

  1. Market Volatility: The price of ROSE has been known to fluctuate significantly, influenced by broader market trends. This volatility can make it challenging for investors to predict its performance.

  2. Competition: The blockchain and DeFi space is highly competitive, with many projects vying for attention and adoption. ROSE must differentiate itself and maintain its unique value proposition to stand out in this competitive landscape.

  3. Overreliance on Partnerships: ROSE's success is partly dependent on its partnerships with companies like Meta and Binance. If these partnerships do not yield the expected results or if they are terminated, it could negatively impact ROSE's growth.

  1. Hype and Misconceptions: The recent hype around AI projects has led to some misconceptions about ROSE's capabilities. If the project fails to deliver on its promises or if the hype dissipates, it could lead to a decline in investor confidence.

These risks highlight the importance of careful consideration and thorough research before investing in ROSE or any other cryptocurrency.

Discover
Oasis Labs
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

Did Oasis Labs raise funds?

Discover
Oasis Labs
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

Oasis Labs’s team

  • Dawn Song: CEO of Oasis Labs, Professor in the Department of Electrical Engineering and Computer Science at UC Berkeley, with research interests in deep learning and security.
  • Bobby Jaros: COO of Oasis Labs, previously CEO of Lookflow, acquired by Yahoo in 2013, with a background in machine learning and strategy.
  • Noah Johnson: CPO of Oasis Labs, PhD candidate at UC Berkeley, with experience in security policy enforcement and privacy-preserving techniques.
  • Raymond Cheng: CTO of Oasis Labs, research scientist, open source software developer, and blockchain lecturer, with a PhD in Computer Science from the University of Washington.
  • Anne Fauvre: COO at Oasis Labs, previously a Product Manager for Apple, with a background in politics and foreign policy.
  • Jernej Kos: Director of the Oasis Foundation, technical lead for Oasis Core, with a background in systems programming, decentralized routing protocols, and bioinformatics software development.

Whalee AI

The fundamental analysis assistant for crypto value investors.

Latest news

Want an analysis of Oasis Labs? Tell us on discord.

Help us improve!
Tell us what you think of this page and which features you would like to see next.
OPEN FORM