Oasis (OAS) Coin Complete Guide
Seeing the Future of Blockchain - Innovative Digital Asset Focused on Privacy
Recently, as blockchain technology has been rapidly developing, interest in data privacy and security has been increasing. Let's take a look at what special value Oasis Coin provides in this era!
Introducing Oasis (OAS) Coin
Oasis Coin is a digital asset based on blockchain technology that mainly emphasizes data privacy and security. This coin has the potential to be utilized in various fields, and is especially attracting attention in services related to privacy protection.
Key features of the Oasis Network:
• Privacy First: Protects users' sensitive data while maintaining the transparency of the blockchain.
• Scalability: Provides high throughput and low gas fees to support practical DApp development.
• Versatility: Can be utilized in various fields such as DeFi, NFT, metaverse, and data tokenization.
In particular, as we enter the Web3 era, users' awareness of data ownership is increasing, and Oasis accurately identifies this need and aims to provide an environment where 'users can completely control their data'.
History of Oasis (OAS) Coin
Oasis Coin was first launched in 2020. At that time, with the development of blockchain technology and the importance of data privacy, the Oasis team developed a coin to solve these problems. Since its launch, Oasis has grown rapidly and has become popular with many users.
The Oasis Network was developed by a team led by Professor Dawn Song of UC Berkeley. Professor Dawn Song is a world authority in computer security, and her expertise underpins the technical credibility of the Oasis project.
Key milestones:
• 2018: Oasis Labs established and began initial development
• November 2020: Mainnet beta launched
• 2021: Emerald ParaTime launched, ensuring EVM compatibility
• 2022: Partnerships with various DeFi protocols
• 2023-present: Accelerating the construction of a privacy-centric Web3 ecosystem
To date, it has attracted over $45 million in total investment, led by Andreessen Horowitz (a16z), It is supported by famous investment institutions such as Polychain Capital and Binance Labs.
How Oasis (OAS) Coin Works
Oasis Coin is based on blockchain technology and has a unique structure called the 'privacy layer'. This structure safely protects user data while allowing data to be shared only when necessary. This allows users to safely manage their information.
Dual-layer structure of the Oasis Network:
• Consensus Layer: The basic blockchain layer responsible for network security and consensus. It provides high throughput and instant finality, and supports various ParaTimes.
• ParaTime Layer: This is the layer where the actual smart contracts are executed, and multiple ParaTimes with specialized functions are operated in parallel.
Thanks to this structure, Oasis was able to solve scalability and privacy at the same time. Each ParaTime is operated independently, but it is an innovative way to share the security of the main consensus layer.
TEE (Trusted Execution Environment) Technology: Oasis uses TEE technology such as Intel SGX to process data in an encrypted state. This is a groundbreaking method that can ensure data confidentiality even in cloud computing environments.
Differentiated Token Economics: The ROSE token goes beyond a simple means of transaction to provide various utilities such as network security, governance participation, and staking rewards. In particular, it presents a new economic model where individuals can directly generate revenue from their own data through data tokenization.
Where to use Oasis (OAS) Coin
Oasis Coin can be used in various fields. For example, it can be used in medical data management, financial services, and various services where personal information protection is important. In particular, it can be of great help to companies where data privacy is important.
Specific use cases:
• Healthcare: Patients' medical data can be safely stored while being anonymized and used for research purposes. Individuals can be compensated for providing their health data.
• Financial Services: Provides a digital identity solution that allows users to submit KYC (know your customer) information once and reuse it across multiple platforms.
• Advertising and Marketing: Users can manage their own interests and behavioral data and selectively provide it to advertisers to earn revenue.
Corporate Partnerships and Real-World Adoption Cases:
• Meta (formerly Facebook): Collaborates on blockchain technology research to enhance privacy
• Chainlink: Supports external data linkage through oracle services
• 1inch Network: Integrates DEX aggregator services
NFTs and Metaverse: Oasis supports the construction of privacy-enforced NFT marketplaces and metaverse platforms. Users have full control over their digital assets and avatar information.
Exchanges where you can trade Oasis (OAS) coins
Oasis coins can be traded on several exchanges. Representative exchanges include Binance, Coinbase, and Upbit. Each exchange has different fees and trading methods, so be sure to check before trading!
Major exchanges and features:
• Binance: Largest trading volume in the world, offers various trading pairs, low fees
• Upbit: Largest exchange in Korea, direct KRW trading, high liquidity
• Coinbase: Largest exchange in the US, high security, institutional investor-friendly
• KuCoin: Supports various altcoins, futures trading
• Gate.io: Provides staking service, various events
Things to consider when choosing an exchange:
• Security: 2FA authentication, cold wallet storage ratio check
• Fee structure: Compare trading fees, deposit/withdrawal fees
• Liquidity: Check trading volume and order book depth
• Customer support: Korean language support, response speed
Trading on DeFi platforms: In addition to centralized exchanges, trading is also possible on DEXs within the Oasis ecosystem, such as YuzuSwap and DexFi. These decentralized exchanges provide greater privacy and control over users' assets.
Oasis (OAS) Coin Community
Oasis Coin has an active community. Users share information, share experiences, and communicate with each other through official forums and social media. By participating in the community, you can get more information and network with other users.
Main Community Platforms:
• Official Discord: Live chat, developer Q&A, technical support
• Telegram: Korean channel, quick information sharing
• Reddit: In-depth discussions in the r/oasislabs subreddit
• Twitter: Latest updates from the @OasisProtocol official account
• Medium: Technical blog, project updates
Community Governance: ROSE token holders can participate in important decisions of the network. You can vote on protocol upgrades, parameter changes, and ecosystem fund usage.
Developer Community: Oasis is committed to building a developer-friendly ecosystem. We support developers through regular hackathons, grant programs, and technical workshops. You can freely check the open source code and development documentation on GitHub.
Education and Research: The Oasis Foundation operates various programs for blockchain education and research. We also contribute to the training of the next generation of blockchain experts through collaborations with universities.
Oasis (OAS) Coin Wallet
You need a wallet to safely store your Oasis Coins. Oasis Coins are supported by various wallets, and can be used with both hardware and software wallets. It is important to choose the right wallet for your personal security level.
Features by Wallet Type:
• Official Web Wallet (Oasis Wallet): Browser-based, easy to use, with built-in staking
• Hardware Wallet: Supports Ledger Nano S/X, top-notch security
• Mobile Wallet: Supported by Trust Wallet, SafePal, etc.
• Desktop Wallet: Atomic Wallet, Guarda Wallet, etc.
Staking Feature: Most Oasis wallets offer staking. Staking ROSE tokens can yield around 15-20% per year, while also contributing to network security.
Wallet Security Precautions:
• Never share your Private Key with anyone
• Keep your Seed Phrase in a safe physical location
• Beware of phishing sites, always use the official website
• Always enable 2-factor authentication (2FA)
Using Multichain Wallets: Since the Oasis Network is EVM compatible, you can also access Emerald ParaTime with Ethereum wallets such as MetaMask. This will make it easier to use DeFi applications.
Things to keep in mind when investing in Oasis (OAS) coins
There are a few things to keep in mind when investing in Oasis coins. First, because the market is highly volatile, you should make investment decisions carefully. Second, it is recommended to always check the latest information and refer to community opinions. Lastly, it is important to set the investment amount within the range that you can afford.
Investment Risks:
• Market Volatility: Risk of sudden price fluctuations due to high volatility in the cryptocurrency market
• Regulatory Risk: Changes in cryptocurrency regulation policies of each country
• Technical Risk: Bugs or security vulnerabilities in blockchain technology
• Competitive Risk: Competition from similar privacy-focused projects
Pre-Investment Checklist:
• Understanding the Project: Make sure you fully understand Oasis' technology and vision
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