Cryptocurrency Q&A
What blockchain does Oasis network use?
What blockchain does Oasis network use?
Elena
Tue Oct 15 2024
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6 answers
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I'm interested in understanding the technical backbone of Oasis network. Specifically, I want to know which blockchain technology does Oasis network employ for its operations.
6 answers
Carlo
Thu Oct 17 2024
At the heart of Oasis Network's design lies the concept of ParaTimes, a layer that operates in parallel to the consensus layer. Each ParaTime serves as a distinct execution environment, allowing for a diverse range of applications and use cases.
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Martino
Thu Oct 17 2024
Validator nodes play a pivotal role in Oasis Network, operating the consensus layer on the PoS blockchain network. These nodes contribute to the network's security and stability by validating transactions and maintaining the integrity of the blockchain.
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BonsaiStrength
Thu Oct 17 2024
While the consensus layer oversees the fundamental workings of the network, execution of transactions and smart contracts takes place within the ParaTimes. This separation of concerns enhances the scalability and flexibility of the Oasis Network.
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MysticEchoFirefly
Thu Oct 17 2024
One of the key features of Oasis Network is its optional privacy capabilities. Depending on the specific ParaTime chosen, users can enjoy varying levels of privacy protection for their transactions and data.
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Elena
Thu Oct 17 2024
Oasis Network presents an innovative blockchain architecture, comprising of a robust proof-of-stake (PoS) consensus layer at its core. This layer is vital for maintaining the network's integrity and ensuring seamless transactions.
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