Question 1

What is Wrapped ROSE (wROSE)?

Accepted Answer

Wrapped ROSE (wROSE) is a token used within the Oasis Network to enable the transfer of ROSE tokens while preserving privacy. wROSE is created by sending ROSE to a smart contract, which then mints an equivalent amount of wROSE on a 1:1 basis. This wrapped token can then be used within the Oasis Network's different ParaTime environments, such as Sapphire and Emerald, to maintain confidentiality and enhance transaction capabilities.

Question 2

What is Wrapped ROSE (wROSE) used for?

Accepted Answer

Wrapped ROSE (wROSE) is primarily used to facilitate private and efficient transactions within the Oasis Network's ParaTime environments. It allows users to send ROSE while preserving the privacy of their transactions. The wROSE smart contract supports depositing (wrapping) ROSE into wROSE and withdrawing (unwrapping) wROSE back into ROSE. wROSE includes a metaWithdraw function that allows for confidential transfers to any address, further enhancing the privacy and flexibility of transactions on the network.

Question 3

Who created Wrapped ROSE (wROSE)?

Accepted Answer

Wrapped ROSE (wROSE) was developed by the team behind the Oasis Network. The Oasis Network, known for its privacy-enabled and scalable blockchain infrastructure, was founded by Dawn Song, a professor at the University of California, Berkeley. The network leverages its unique architecture to provide a high-throughput and secure environment for decentralized applications, with a strong focus on privacy and confidentiality.