What Is Oasis Network (ROSE)?
Oasis Network (ROSE) is a privacy-focused layer 1 blockchain built for open finance and a responsible data economy using the Cosmos SDK. That will allow Oasis to interact with the ecosystem of the Cosmos (ATOM)-enabled blockchain when its Inter Blockchain Communication Protocol launches. Oasis prioritizes use cases that promote data privacy and user confidentiality and aims to power private, scalable DeFi and expand it beyond traders to the mass market. Oasis achieves high throughput and boasts a secure architecture by separating the contract settlement and consensus layers. This separation of layers allows the blockchain to support multiple, customizable runtimes (ParaTimes). It is similar in its architecture to the structure of Avalanche or Polkadot, connecting several different blockchains within one ecosystem.
Now that Oasis has gone live on mainnet, its roadmap for the future features the launch of an Ethereum Virtual Machine (EVM)-compatible ParaTime dedicated to DeFi, launching a decentralized exchange (DEX) and a lending protocol on ParaTime, and onboarding more DeFi apps to it.
Who Are the Founders of Oasis Network?
Oasis Network (ROSE) was founded by Dawn Song and is an unfortunately rare example of a blockchain company founded by a woman. Dawn Song is a professor in the Department of Electrical Engineering and Computer Science at the University of California at Berkeley and has spent considerable time researching and building security and privacy technologies, particularly in areas like cryptography, blockchain and machine learning. She has won an Amazon Web Services Machine Learning Research Award for her work in “Protecting the Public Against AI-Generated Fakes” and has held senior roles at high-growth security firms like Ensighta Security and Menlo Security. Moreover, the network is backed by several high-profile VC firms and investors, such as Andreessen Horowitz, Accel, Binance Labs and many others.
What Makes Oasis Network Unique?
Oasis Network (ROSE) is built to support a high level of scalability, low gas fees and token monetization. It also aims to advance privacy features in order to facilitate the use of sensitive data within DeFi. It achieves scalability by the separation of consensus and execution, thereby allowing multiple ParaTimes to process transactions in parallel and preventing simpler transactions from slowing down more complex ones. As a result, there are no gas wars on Oasis. Since the ParaTime layer (the execution layer) is entirely decentralized, anyone can develop and build their own ParaTime, which can be open or closed, depending on the developer’s needs. Oasis claims this sophisticated solution to be more efficient than sharding and parachains, since it requires a smaller replication factor for the same level of security.
Furthermore, the network has broad support for confidential computing technology. The Oasis Eth/WASI Runtime is an open source example of a confidential ParaTime that uses secure enclaves to keep data private while it is being processed. The network already has several interesting use cases. For instance, Binance is building a CryptoSafe Alliance, allowing exchanges to share threat intelligence data. Thanks to Oasis’ confidential computing technology, exchange data is kept confidential even while it’s being compared. BMW is testing applications of differential privacy in their internal systems and storing the accesses on an Oasis-operated ledger.
How & Where Can You Buy Oasis Network (ROSE)
Step 1: You need to Register for an account on Binance
Just to get you started and in this guide we are looking at how to get Monero on Binance for you, so with this guide we will show you how to get your Monero that you want through binance and use of BTC and ETH. This is because you cannot directly buy Oasis Network (ROSE) with your debit card, but its not difficult to get around this with a few different ways you can be all sorted.
To get started what we will need to do is a very simple step and that is we need to open an account with Binance.
Its really quick and easy to do, and you can open an account no matter where you live in the world with no restrictions and we recommend it as it has the most coin pairs
Step 2: You need to then verify your account
Before you are allowed to start trading, you will have to get verified on the platform, the time taken can vary depending on the country you live in but in total it is a very quick process. And remember this process is actually protection for you, and keeps your account safe.
Step 3: Get BTC or ETH to your Binance account
We have a few options but basically we need to fund your binance wallet with ETH or BTC.
You can buy these both directly on binance using your debit card which you may like to do for convenience, bear in mind you will pay a small fee for this, but binance does have one of the cheapest fees out of all the exchanges at Now you’re ready to buy Crypto of your choice with your Visa card. Only pay a 1% card transaction fee instead of the usual 3% you see on other platforms.
You must choose the correct coin you want to from the list that you will see, and they will go into your wallet like below.
Step 4: Once you have the coin, find the correct pair.
Once you have the BTC or ETH which ever way you did it, you need to find the pair to trade this for your Oasis Network (ROSE) . Simple right? Yes it really is, just click trade, then on classic. And you will see a picture like below. Then all you must do it type Oasis Network (ROSE). You will see many pairs come up potentially so you must click on either the ROSE/eth or ROSE/btc pair.
Optional, research the best time to buy.
We recommend looking on the charts and learning some simple TA, on macd, and RSI. With these tools you can figure out of its a good time to buy, you can set a buy order at a lower price also, if you feel the price may dip.
Step 5: Buy your Oasis Network (ROSE) on binance
So now you have clicked on the correct pair that you will be using you will be faced on your screen with the picture below. All you need to do is type the amount of Oasis Network (ROSE) you wish to but with your funds. You can simple click 100% if you wanted to spend everything for example. You can have very flexible options with this.
Once you have chosen your amount you will need to click the green buy button and boom, you are all done.