Oasis, formerly known as Oasis Network, is a privacy-enabled, scalable Layer 1 blockchain platform designed to support decentralised finance (DeFi), data tokenisation, and other data-centric applications. The rebranding to "Oasis" reflects the platform’s commitment to simplifying its identity while maintaining its core focus on privacy and scalability. Oasis combines high throughput and low gas fees with a secure architecture to power a wide range of Web3 applications, including DeFi, GameFi, NFTs, and the metaverse.

Oasis Network's confidential computing capabilities, powered by Trusted Execution Environments (TEEs), allow for secure and private data processing, which is beneficial for AI applications that require handling sensitive information. This infrastructure supports the development of decentralized AI models and services with verifiable provenance records published on-chain.

ROSE is the native asset of the Oasis platform, serving multiple functions:

• Transaction Fees: ROSE is used to pay for gas fees required for transactions and smart contract execution on the network.
• Staking and Delegation: Users can stake ROSE to participate in the network’s proof-of-stake consensus mechanism, securing the network and earning staking rewards.
• Governance: ROSE holders can engage in on-chain governance by voting on proposals that influence the platform’s development and operational decisions.

These functions make ROSE integral to the operation and sustainability of the Oasis ecosystem.