Oasis.- Let’s turn back the clock and look at the highlights of what the Oasis Community has achieved this year.
Overview
Let’s turn back time and look at what the Oasis Community has achieved this year.
- The Oasis Network was featured as one of the fastest-growing layer 1 networks in Electric Capital’s year-end report.
- Companies such as Nebula Genomics, BMW Group, Binance CryptoSafe Alliance and more launched projects on the Oasis platform.
- The Oasis Foundation partnered with more than a dozen DeFi projects to bring privacy-enabled open finance applications to the Oasis Network.
- After an incentivized testnet, The Amber Network and more, the Oasis Network went live this year! The upgrade took less than 30 seconds and the network already has more than 1.1 million signed blocks .
- The community has grown enormously this year with programs such as the Oasis ROSE Garden, which added 6.7k new wallet holders to the network, and the Community Cup, which rewarded more than 146k tokens to winners.
What a year it has been!
2020 has been an incredible journey for the Oasis Network and the Oasis community that built it. News about the Oasis Network was covered in more than 40 outlets, including Cointelegraph , CoinDesk and The Block , and it was featured as one of the fastest-growing Layer-1 networks in Electric Capital’s year-end report .
With dozens of partnerships announced, the launch of the largest university program in blockchain and a successful Mainnet launch, 2020 marks not only a critical milestone in realizing our vision of a privacy-enabled blockchain platform, but also the beginning of a journey we hope you and many others will join us on.
So let’s turn back time and review some of the great moments that made 2020 special for the Oasis community.
The road to Mainnet
The Quest
We started the year with the goal of launching Mainnet. That began with The Quest, a 4-month staking competition designed to stress-test the Oasis Network ahead of its launch and an opportunity for the community to give us feedback on the Network’s initial design.
Participants were rewarded for completing challenges such as signing the most blocks, discovering the best attack, maximum uptime and more. The Quest had more than 400 node operators join and rewarded more than 12M ROSE to over 70 participants. The program was a great success and an excellent way for the community to test the Oasis Network before its launch.
The Amber Network
With The Quest complete, the community launched the Oasis Amber Network in June. It was the first release candidate for Mainnet and a key milestone toward the Mainnet launch. The Amber Network allowed Node operators to start setting up their configurations for Mainnet and gave the team one last chance to kick the tires before starting the Mainnet launch process.
Mainnet!
We ended the year with our biggest moment yet: Mainnet. After years of hard work, the Oasis Community launched the first scalable, privacy-enabled blockchain for private DeFi and data tokenization. Mainnet went live in less than 30 seconds with more than 70 unique, independent validator nodes active on the network. As of 12/15, the network has more than 1.1 million signed blocks with an average block time of under 6 seconds.
One of the fastest-growing communities in Blockchain
The backbone of any blockchain ecosystem is the developers who build applications on the network. In 2020, with Mainnet fast approaching, the Foundation launched new programs and events designed to help developers get started.
This included awarding grants to more than 30 exciting new projects in our DevAccelerator & Grants Program, working with industry leaders to incorporate blockchain technology into their stack, and announcing new partnerships with more than a dozen new DeFi projects. As a result, Oasis was listed as one of the fastest-growing layer 1 protocols in Electric Capital’s annual report .
These are just a few examples of the exciting projects being built on the Oasis platform:
- Binance CryptoSafe Alliance : theft and attacks on cryptocurrencies are on the rise, and exchanges need a platform to identify and ban bad actors. The CryptoSafe platform was developed by Oasis Labs and Binance to enable exchanges to share threat intelligence data. Thanks to the Oasis Network’s support for confidential computing, exchange data remains confidential even while being compared. 2021 is a big year for the CryptoSafe Alliance. We will bring more partners into the alliance with growth in contributed threat intelligence to help secure crypto transactions. Stay tuned for more exciting developments.
- Nebula Genomics : Nebula Genomics wants to differentiate its product from competitors by giving its users control over their genetic data. With the Oasis framework, customers can retain ownership of their genomic data and Nebula Genomics can run analyses on the data without seeing the customer’s raw information.
- BMW Group : Oasis Labs is working with BMW Group on an early-stage project to create innovative privacy solutions that leverage differential privacy and set a new standard for responsible data use in the automotive industry.
The next generation of DeFi
By providing end-to-end data confidentiality on Blockchain, the Oasis Network unlocks exciting new use cases in DeFi. From undercollateralized loans to preventing front-running/back-running, the Oasis Network can help expand DeFi beyond traders and early adopters to a mainstream market.
This year we doubled down on our commitment to expanding the Oasis Network’s DeFi ecosystem, kicking off more than a dozen new DeFi integrations with leading projects such as Meter, Chainlink, Balancer and more. In 2021 we will redouble our efforts, continue announcing new partnerships with more well-known names and bring these exciting integrations to life.
Easy DApp development with BSN
In November, we launched an integration with BSN , a public infrastructure network for cross-platform DApp development.
Through BSN, developers get a set of development tools that make it easy to build new privacy-first applications and tools on the Oasis Network at affordable prices.
Partnerships like these are part of an ongoing effort to make building on the Oasis Network fast and affordable for developers.
The Oasis-Eth Hackathon
In October we hosted the Second State Hackathon to help showcase the new addition of the Oasis-Eth ParaTime to the Oasis Network. With more than 3,000 smart contracts deployed and more than 700 applications created, the hackathon was a great opportunity for developers to try out the powerful new Oasis-Eth Paratime, which is fully Ethereum-compatible , but with better performance and lower gas fees.
The Quest for ROSE Hackathon
We co-hosted our Quest for ROSE hackathon on Gitcoin in November, where developers competed for more than $11K in prizes by building privacy-preserving applications with the Parcel SDK and Ethereum-compatible applications on SecondState’s Oasis-Eth ParaTime. The winning projects created some interesting new applications. Check them out here .
Staking on the Oasis Network
When Mainnet launched, it not only generated a token, but also gives every community member the opportunity to participate in the network by staking their tokens. The Oasis Network is not only growing its number of delegators through programs such as ROSE Garden, but also has a robust ecosystem of wallets and staking tools available today and under development by Ledger, Bitpie, Chorus One’s Anthem and the RockX wallet. If you are interested in staking, visit our Token Economics primer to learn more .
A great community driving Oasis Network adoption
This year also saw tremendous growth in the Oasis community and ecosystem. The Oasis community hosted more than a dozen AMAs on our Telegram channel and attended more than 50 events, including Consensus, San Francisco Blockchain Week, Responsible Data Summit and more.
The Oasis ROSE Garden
In October, we launched the ROSE Garden on CoinList , which added more than 6.7k new wallet holders to the Oasis Network. This first-of-its-kind program was designed to provide an easy way for Oasis Community members to gain access to the ROSE token and to incentivize token holders to help secure the Oasis Network by staking with validators. During ROSE Farm, participants could contribute up to $2,000 in USDC or USDT to a locked pool, which now represents more than $10.5 million in total value locked . The program also added more than 3,000 delegators from over 100 countries as part of ROSE Cultivate.
The ROSE Garden was one of CoinList’s most successful projects, a testament to the excitement around the Oasis Network and a sign of more lockup programs like ROSE Garden to come.
Oasis Community Cups
Alongside these events, the Oasis Protocol Foundation launched a variety of programs designed to help support the growth of the Oasis Network. We hosted more than 7 weeks of Community Cup competitions, rewarding the community for its creative contributions to the ecosystem. The competition had more than 4.5k participants, with tokens awarded to 88 winners. If you want to participate and earn ROSE tokens, join our Telegram channel to stay up to date on new Community Cup competitions.
The Oasis University Program
The Foundation also launched the Oasis University Program . With more than 25 participating universities and university clubs enrolled, the program is the largest of its kind and an excellent way for students to start running nodes and building DApps on the Oasis Network.
The Oasis Ambassador Program
And to top it off, the community also launched the Ambassador Program, where volunteers passionate about the Oasis Network organize meetups, write and translate content, answer developer questions, manage online communities, stress-test the Oasis Network and more. This passionate group of more than 100 ambassadors is growing into strong communities around the world, including Bangladesh, France, Vietnam, India, Brazil, Korea, Nigeria, the Philippines, Russia, China, South Korea, Turkey and more.
Sharing our vision
This year we presented our vision of expanding blockchain beyond early adopters through a new paradigm we call Data Tokenization. With tokenized data, we can not only unlock new use cases in DeFi that leverage sensitive real-world data, but also enable people to better control how applications and the corporations that create them use their data.
We introduced these concepts in our foundational paper ” Blockchain 3.0 – Secure Data Tokenization “. This manifesto describes how smart contracts combined with confidential computing can create programmable data rights, a new abstraction that we believe can help evolve blockchain technology beyond early adopters and traders and into mainstream markets.
Looking ahead
This is not just the end of a journey, but also the beginning of a network that we hope will reshape DeFi, expand blockchain beyond early adopters and fundamentally change the way we value and share our personal data. That effort begins in 2021, a year of new beginnings.
To help us along the way, we need more thinkers, privacy advocates and decentralization believers to pioneer this new space of tokenized data and private DeFi. We need a new generation of developers to start building privacy-first applications, and we need the next generation of blockchain enthusiasts to contribute and help shape the Oasis Network in the years ahead. If that sounds like you, join our community today and help us usher in a new era of blockchain.
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