The third, Parcel, enables users to store their data privately and permanently on the blockchain while granting access on a case-by-case basis to parties that want to analyze or use that data. It executes smart contracts while preserving privacy developers can even make it so node operators don't see the details of the smart contract. The second, Cipher, is set to launch in March. The first, Emerald, is Ethereum Virtual Machine-compatible, so developers can bring their applications to Oasis and process transactions quicker and cheaper than on Ethereum. The Oasis core team has already built three ParaTimes. With a current limit of 1,000 ParaTimes on the network, that equates to a theoretical upper limit of 1 million transactions per second.

To address scalability, Oasis separates the proof-of-stake (PoS) consensus layer from the computation layer, which it calls the 'ParaTime layer.' This improves scalability because each ParaTime can process up to 1,000 transactions per second. The protocol aims to solve the issues preventing DeFi from scaling, and to bring in new features such as private lending-made possible through privacy-preserving technology that allows sensitive data to exist on-chain. Oasis was launched in November 2020 with initial funding of $45 million from investors including Andreessen Horowitz, Polychain Capital, and Binance Labs. “But the market is heavily limited by high fees, a lack of security and privacy.” These factors, they insist, limit expansion and mass-market adoption.

“Trillions of dollars are waiting to enter the DeFi market and bring it to scale,” according to the Oasis team. Over $200 billion of value is currently locked into DeFi protocols, but analysts-and Oasis-consider the industry to still be in its infancy. Oasis: A scalable, privacy-centric layer-1 According to Oasis, it also has one of the fastest-growing developer networks in the industry and has plenty of room to scale further. Last January, in the days immediately following the network’s DeFi ecosystem launch, the total value of funds locked into the network (TVL) grew at a faster initial rate than any other layer-1 blockchain, according to Oasis analysis of DeFi Lama data, attracting $100 million in less than 12 hours.Īs the leading privacy-enabled layer-1, Oasis has wowed investment funds and developers alike with its growth strategy and potential to become one of the most scalable solutions on the market-one that’s suitable for DeFi applications such as reputation-based, under-collateralized lending.Īccording to a Messari 2021 Q3 report, it's attracted the third-most investment of any blockchain. Oasis, a blockchain focused on privacy, is a relative newcomer compared to other layer-1 blockchains (a class that includes Ethereum, Solana, and Avalanche), but it’s been attracting a lot of value on its network straight out of the gate.

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