The project's security feature is being able to create a type of digital asset called Tokenized Data, which allows users to control their data and earn rewards from staking.
In addition, Oasis uses a ParaTime Architecture that separates consensus (Consensus Layer) from computation (ParaTime Layer) allowing for greater scalability and supporting diverse specialized compute needs.
Blockchain Oasis Network will spend 160 million USD
Communication blockchain Oasis Network will spend $160 million to support projects under construction in its ecosystem.
The Oasis Foundation on November 17 announced the deployment of a $160 million ecosystem development fund for the Oasis Network, a private blockchain protocol focused on development. DeFi and the data economy.
With a scaling solution called ParaTime, the project promotes itself as an alternative blockchain to Ethereum with much lower transaction costs.
1/Announcing the 📣 $160M OASIS ECOSYSTEM FUND 📣 dedicated to supporting & scaling projects built on Oasis!— Oasis Foundation (@OasisProtocol) November 17, 2021
$160 Million USD to build the next frontier of DeFi, NFT, Metaverse, Data Tokenization, Data KNIFE, Data Governance & Privacy Apps on Oasis!🚀https://t.co/xRLurcEKAg
The amount of the fund will be raised from a variety of sources, including funding from the Oasis Foundation itself and contributions from organizations investing in the project, including AME Cloud Ventures, Dragonfly Capital Partners, Draper Dragon Fund , Electric Capital, FBG, Jump Capital, Kenetic Capital, NGC Ventures and Pantera Capital.
Token price ROSE of Oasis Network is increasing strongly thanks to the above news.
Thus, Oasis is the latest name to join the "ecosystem stimulus package race" between blockchains, after Avalanche (400 million USD), Celo (100 million USD), Fantom (370 million won) FTM), Harmony (300 million USD), Algorand (150 million won) ALGO), Hedera Hashgraph (10.7 billion won) HBAR), Kava ($185 million), Cardano (100 million USD), Binance Smart Chain ($1 billion), Polkadot (774 million USD) and Near (800 million USD).