@TikurCrypto 15 June 2023

Introduction to The Oasis Network Whenever we mention privacy on the Web3, the **Oasis Network** is usually mentioned as well..... so what is the Oasis Network? ***What is Oasis Network?*** Oasis Network is a ***layer-1 blockchain*** network with ***privacy*** and ***scalability*** its main uniqueness. Founded by ***Dawn Song***, a professor in the Department of Electrical Engineering and Computer Science at the University of California at Berkeley, Oasis offers a ***proof-of-stake (PoS)*** consensus mechanisms, decentralization and Ethereum compatibility. The platform encourages its users by: being privacy oriented providing EVM infrastructure having high throughput providing scalability having low gas fees and providing high security  Among the dApps built on Oasis, **MetaMirror**, **Multichain** and **Covalent** are few of the major ones.

And among the networks biggest backers, **Binance**, **a16z**, **Polychain Capital** and **Neo-Global Capital** are worth mentioning. ***The Oasis Network Token (ROSE)*** The Oasis Network has its own native token called ***ROSE***. ROSE token has a fixed supply of 10 billion but only 1.5 billion tokens are currently in circulation. The token can be used to: pay transaction fees staking and  delegating The token has an all-time high price of **$0.597347** registered in 2022 and an all-time low price of **$0.03200566** registered in 2020. Currently ROSE has a market cap of ***$232,084,260*** and ranked around 135th as compared with other tokens.   ***So what are your thoughts on Oasis Network...... Let me know in the comment section.***   **If you enjoyed reading my posts, please follow me for more updates and do share your comments, I would really love to hear from you.**    **Disclaimer** I am not a financial advisor. The information found here are for educational purposes and cite my personal opinion.