Michael 0:00
Welcome to the New to Crypto Podcast designed to guide you through the crypto landscape with pinpoint accuracy created for the new and intermediate crypto investor. Join your host Crypto Travels Michael as he takes you through the different facets of getting started and succeeding in your crypto journey. New to crypto podcast brings you new episodes daily Monday through Friday with surprise bonus episodes sometimes on the weekend. Let me ask you, are you new to crypto and don’t know where to start? Are you more experienced but have questions? Then you’re in the right place. This podcast is designed for you coming at you from the Trading Center and the Lifestyle Dezign Studio. Here’s your host Crypto Travels Michael.
Hey, welcome to today’s podcast. I’ll tell you this podcast has exploded. It’s now been downloaded and listened to in 143 countries around the world. So I truly think the community and we have listeners in just about 3300 cities around the world. Happy New Year to you. And let’s jump into another episode today is all about Oasis network and the rose token. So what is Oasis network, there’s been a lot of talk about it recently, I believe it’s a project that you’re going to hear a lot more about in the crypto industry. And so let’s jump into it. The Oasis network is a layer one proof of steak decentralized network. And the Oasis network is built for scalability. It offers a consensus layer and a paratime layer as they call it. The Oasis network is a privacy first network which supports confidential smart contracts. Data is encrypted by going through a Secure Enclave which produces an encrypted result. This is a new era for blockchain.
Confidentiality unlocks a range of new use cases by allowing personal or sensitive data to be used by apps on the Oasis network. This is something that is considered risky on many other layer one networks. Oasis protocol has its own token. And that token is called the Rose token. That’s R-O-S-E and this is a native utility and settlement token for the Oasis network. And it is used for staking and delegating on the Oasis consensus layer. And for smart contract operations that require fees in paradigms. By the way, the maximum supply of Rose token is 10 billion tokens. And the current circulating supply is just around about three and a half billion tokens. And you can purchase rose on Binance, Kucoin, gate.io, Bitfinex and other exchanges. And it looks like about 55% of the trading volume is coming from the Rose-USDT pair on Binance currently. So let me ask you who created the Oasis network? The Oasis network was founded by Dawn song, and Dawn is one of the few women in crypto who have founded their own project. And I really liked this project which Dawn has created. And I’m going to try to get dawn on the show in the future, so you can get some insight from her. Dawn song is a professor in the Department of Electrical Engineering and Computer Science at the University of California at Berkeley. So let’s break down and unpack what makes Oasis unique. The following is worded perfectly and taken from Coinmarket Cap. The Oasis network is built to support a high level of scalability, low gas fees and token monetization. It also aims to advance privacy features. In order to facilitate the use of sensitive data within DeFi. It achieves scalability with the separation of consensus and execution, thereby allowing multiple paradigms to process transactions in parallel and preventing simpler transactions from slowing down more complex ones. As a result, there are no gas wars on Oasis. Since the paratime layer. The execution there is entirely decentralized, anyone can develop and build their own paratime, which can be open or closed depending on the developers needs. Oasis claims this sophisticated solution to be more efficient than sharding and parachains, since it requires a small replication factor for the same level of security.
Did you know that Oasis has its own wallet? The Oasis wallet is a place where you can store and stake your rose tokens and it’s available as a web wallet and they offer the Oasis browser extension. To download the wallet go to Oasisprotocol.org/wallets. Let me unpack some interesting facts for you about the Oasis network. Binance labs backs the Oasis ecosystem with a $200 million fund, which invests in the projects that are building on the Oasis network. Also another interesting fact is DeFi is now live on Oasis. Thanks to the wormhole bridge and user swap are now live on the Oasis networks main net. Also, I wanted to let you know that the metamour Gallery has been introduced with the Oasis AI Rose NFT collection. And this is the first entity collection minted on the Oasis network. And it consists of 999 AI generated images of roses tokenized into NFT’s on the Oasis network. So I hope today’s episode has given you an overview of what the Oasis network and Rose token are definitely like and subscribe to the podcast. We have a lot of interviews being lined up right now with founders of some phenomenal projects in crypto. Definitely chime in here tomorrow for a very special episode. Until then, make it a great day.
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