The privacy-focused Oasis Network mainnet has completed its launch. As a result, this scalable, versatile, and private blockchain has the power to not only offer better user data security but also revolutionize the DeFi space.
Mainnet is live! The network launched in under a minute thanks to our fantastic community of Node operators. Check out our blog to learn more about the Oasis Network and our vision for a scalable, private blockchain network https://t.co/mnDYjfP2IL#OasisMainnet #OasisLaunchParty
— Oasis Foundation (@OasisProtocol) November 18, 2020
After a successful mainnet beta, the Oasis Network is now live. Along with this, hundreds of decentralized applications (DApps), partnerships, and validators started supporting the network.
In particular, 70 unique and independent validator nodes are active on the network. Moreover, Oasis partnered with innovative startups like Binance-led CryptoSafe Alliance and privacy-first genomics company Nebula Genomics.
Oasis Network Use Cases, Listing on Binance
To explain, the Oasis Network mainnet has a unique architecture for a broad set of use cases. These include under-collateralized loans and private automated market makers (AMM). Using its confidential computing process and lightweight design, the Oasis Network can enable lower fees and allow the creation of identities via user-controlled data.
Focusing on DeFi, its private and scalable smart contracts can unlock new DeFi markets. For instance, individuals could upload sensitive financial data to establish their creditworthiness. In fact, Oasis already has a rapidly growing ecosystem of DeFi projects under its wing. Balancer and Chainlink are some of them.
As explained by the team, the ROSE token is believed to help usher in a new category of privacy-preserving applications. As a result, users are empowered to control and manage their data.