Oasis Network Description
The Oasis network is a privacy-enabled, blockchain platform for open finance. The Oasis network brings privacy and scalability into DeFi. It allows DeFi to be expanded beyond the early adopters to a wider market. It allows private smart contracts, high scaling, and the ability of tokenizing data. This opens up new uses such as private lending, undercollateralized loans and private automated market makers. Tokenized Data is a new paradigm thanks to the unique combination of blockchain and confidential computing that the Oasis Network offers. Tokenized Data allows users to earn rewards by sharing their data with apps that can analyze it or control how their most private information is used by the services they use. Oasis ParaTime scale architecture allows for fast transaction speed, high scaling, and large workloads. It separates execution from consensus. ROSE is the native settlement token and capped supply utility for the Oasis network.
Oasis Network Alternatives
Shiden
Shiden Network is a multichain decentralized application layer on Kusama Network. Kusama Relaychain doesn't support smart contract functionality by design. Kusama Network requires a smart contract layer. This is where Shiden Network steps in. Shiden supports Ethereum Virtual machine, WebAssembly and Layer2 solutions right from the beginning. The platform supports many applications such as NFTs, DeFi, and more. SDN token holders can place their tokens on their favorite dApps to earn SDN tokens for both the nominators as well as the dApps developers. There are two ways to build Solidity smart contracts. You can use Ethereum tools or Solang (a Solidity-to-WASM compiler). Once you have compiled your contract, it is ready to be deployed on Dusty Network's testnet.
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Secret Network
Secret Network is the first cryptocurrency to offer data privacy by default. This allows you to create and use applications that are both privacy-preserving and permissionless. This unique functionality protects users, secures applications, and unlocks hundreds of never-before-possible use cases for Web3. Secret Network is open to all types of people, including developers, artists, entrepreneurs, and dreamers. The Secret Network ecosystem is made up of many contributors, collaborators and backers. Blockchain technology has the potential to create an inclusive and more empowered internet. This is commonly known as Web3. However, current blockchains are open by default. This exposes all data to everyone and puts users at risk. We call this programmable privacy. It allows users and organizations to control how their data is used and shared in order to make meaningful use cases possible and encourage global adoption.
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Loopring
Loopring is an open protocol that allows you to build scalable, non-custodial Ethereum exchanges. It leverages zero-knowledge proofs, zkRollup, to allow high-performance trading (high throughput and low settlement cost), without compromising Ethereum-level security guarantees. Throughout the trade lifecycle, users always have 100% control over their assets. Loopring allows you to trade on it. Loopring is an open-sourced and audited non-custodial exchange protocol. This means that no one in the Loopring ecosystem has to trust anyone else. With 100% Ethereum-level security guarantees, cryptoassets can be managed by users. Loopring is a highly scalable, decentralized exchange that batch-processes thousands of requests off-chain. This allows for verifiable correct execution via ZKPs. The performance of the underlying blockchains are no longer the bottleneck. Loopring is able to perform most operations, including order matching and trade settlement, using the Ethereum blockchain.
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Meter
Meter is a high-performance infrastructure that allows smart contract to scale and travel seamlessly across heterogeneous blockchain networks. Meter is a Layer 1 or Layer 2 blockchain protocol. The Meter system consists two tokens: MTRG (the governance token; eMTRG is an ERC20 version) and MTR (the low-volatility currency to token).
Financial assets should be able to flow freely between blockchains. Meter's HotStuff-based consensus permits 1000s of validator nosdes, making it the most decentralized Layer 2 Ethereum. Meter processes thousands upon thousands of transactions per second, and transactions are confirmed almost immediately. Meter Passport allows assets, smart contracts and smart contracts to travel and communicate across heterogeneous Blockchains for the best price and liquidity. Meter is an Ethereum compatible with unique enhancements. Meter is a Layer 2 DEX that is front-running/MEV resistant and fast.
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Company Details
Company:
Oasis Protocol Foundation
Year Founded:
2018
Headquarters:
United States
Website:
oasisprotocol.org
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