Oasis Network is the leading privacy-enabled and scalable layer-1 blockchain network to propel Web3 forward.

The Oasis Network’s architecture powers it as an enabler of blockchain in Web3. We utilise a modular architecture that separates consensus and smart contract execution into the Consensus Layer and the ParaTime Layer.

Separating these layers allows ParaTimes to process transactions of different complexity in parallel with shared consensus. But it also offers incredible flexibility and the potential to incorporate customisable privacy-preserving technology that can break the blockchain privacy paradox.

Within the Oasis Network currently, there are two confidential ParaTimes — Cipher and Sapphire. Additionally, there are data governance APIs in Parcel that help with data tokenisation and create things like Confidential NFTs, which have a real role to play in Web3