Oasis Network is a scalable Layer 1 Proof of Stake decentralized blockchain network that supports privacy, provides security, allows users to manage and own their data while also mining potential benefits of data. Oasis Network creates Tokenized Data, a digital asset that will enable users to control their data and earn rewards from staking. In addition, Oasis Network’s ParaTime Scaling architecture supports fast transaction speeds, high scalability, and high workloads by separating execution from consensus.
Oasis Network Token (ROSE) is the native token of the Oasis Network. ROSE is used to reward delegators and stakers, ensuring the network’s security. In addition, users can also use ROSE to pay staking fees, transaction fees, and commission fees at Consensus Layer.