Oasis Protocol x Satoshi Club AMA Recap from the 30th of March


Hello, Satoshi clubbers Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from Oasis Protocol and our guest was . The AMA took place on the 30th of March

The AMA session was divided into 3 parts with a total crypto reward pool of $500

In this AMA Recap, we will try to summarise the most interesting points for you.

Part 1 — introduction and questions from the Telegram&WebSite

Gold Rocket | Satoshi Club

Greetings, dear Satoshi Club community! We are pleased to announce AMA with Oasis Protocol

Jon Poole

Hello everyone!

Robocop | Satoshi Club

Today our special guests are @coincidencejon and @Exkki

Welcome to Satoshi Club!

Gold Rocket | Satoshi Club

Nice to e-meet you

Gold Rocket | Satoshi Club

How are you doing today

Ekin | Oasis Protocol Foundation

Hello everyone! Excited to be here

Gold Rocket | Satoshi Club

Welcome to Satoshi club

Robocop | Satoshi Club

Welcome to Satoshi Club !

Gold Rocket | Satoshi Club

We are really excited about upcoming AMA with you guys

Gold Rocket | Satoshi Club

Let’s start

Gold Rocket | Satoshi Club

Introduce yourself please. How did you get to be involved in crypto & Oasis Protocol

Lovely stickers btw

Jon Poole

We’re back! I’ve missed this amazing community and we’re so appreciative you’ve welcomed us back a second time.

Jon Poole

Yes, let’s dig in and get started.

Thank you! Our Ambassadors are incredibly creative!

Gold Rocket | Satoshi Club

we also missed you very much

Jon Poole

We hold Satoshi Club very high in regard.

Are we having a sticker fight? lolol we’re loaded with stickers!

Jon Poole

haha in all seriousness though, I’ll introduce myself.

Gold Rocket | Satoshi Club

win-win

Gold Rocket | Satoshi Club

so.. Let’s start with the introduction to warm up.

Ekin | Oasis Protocol Foundation

Thanks @GoldRocket27

I’m Ekin, the Business Development Lead at Oasis Protocol Foundation. Passionate about data privacy and individual freedoms so naturally Oasis is a wonderful place to bring in partnerships and integrations to the ecosystem what I’m working on mostly.

Been in the crypto space for about 9 years, working on data privacy and confidentiality projects. Solving this is one of the largest problems in the world population in my opinion in today’s data exploitative internet economy.

Some of the coolest things I’m working on are the accelerator programs. We have many really cool projects and brilliant minds that are building on the Oasis Network and it’s such a pleasure to work with them so closely

Really encourage any developers here to apply to the DappRadar x Oasis accelerator program that is currently looking for projects building on Oasis

Ekin | Oasis Protocol Foundation

Here is the link to the accelerator program

https://oasisprotocol.org/dappradar-accelerator

Robocop | Satoshi Club

9 years, That’s really great background and experience !

Gold Rocket | Satoshi Club

Don’t miss great opportunity Satoshi clubbers

Ekin | Oasis Protocol Foundation

Yeah it’s been a while now Oasis is by far the most talented and amazing project I’ve come across!

Gold Rocket | Satoshi Club

Give us a brief introduction to the project. What is the essence of Oasis

Ekin | Oasis Protocol Foundation

I think Jon is just finishing his intro before the question

Jon Poole

Thank you again, for hosting us. I’m Jon Poole, Community Lead and Business Development for the Oasis Protocol Foundation. I’ve been part of Oasis since the early days in 2018. I founded our community and have had the pleasure of working along side an incredible star studded team leading the Blockchain Industry in respects to Privacy!

My blockchain background comes from the private investor side, like most of us I came here because I heard it was the wild west of finance and I wanted to get involved. I was introduced to Oasis, and the rest is history. When I understood what Dawn Song’s vision had in store for blockchain, like so many of our team, I felt I had to be a part of it!

Gold Rocket | Satoshi Club

Sounds good

Robocop | Satoshi Club

by the way can you please introduce again what is Oasis protocol to our new member ? what new update that you bring this time ?

Gold Rocket | Satoshi Club

How long does it take to develop a project? What plans do you have for the future? And what can we expect from Oasis

Jon Poole

Yes, I’d be happy to introduce the project!

Gold Rocket | Satoshi Club

Tell us please about the benefits of Oasis. How is it different from others?

Jon Poole

Oasis is the leading decentralized, privacy-enabled, and scalable layer-1 blockchain network.

Combined with its high throughput, low gas fees, and secure architecture, the Oasis Network can power scalable DeFi, revolutionizing Open Finance and expanding it beyond traders and early adopters to a mass market.

We have a unique blockchain architecture where we split consensus and computation. Our distributed consensus-computation layer architecture allows for better horizontal scalability while retaining vertical scalability across computational environments compared to our layer-1 competitors.

We provide a new landscape for applications to be built in blockchain by enabling privacy and we are the leading privacy-focused blockchain with some of the most reputable investors and supporters in the industry, including A16z, Pantera Capital, Polychain, Binance Labs and have Fortune 500 enterprise partnerships with Meta (formerly Facebook) and The BMW Group just to name a few.

Gold Rocket | Satoshi Club

this is an incredibly promising direction

Robocop | Satoshi Club

Cool! Oasis Protocol have famous and big partnership

Gold Rocket | Satoshi Club

Also we would like to know more about your team. Who is on the project team core?

Jon Poole

Some of our most recent updates would be ParaTimes to build on! We have Parcel, Emerald (our EVM compatible ParaTime) and we have CIPHER (our WASM ParaTime) which will be adding privacy to the blockchain industry in a way never before enabled.

We also have a few points to highlight.

Oasis Bloom Hackathon

– Building the next generation of DApps for web3 & beyond

AWARD POOL: $200K in ROSE in prizes

– Topic: DeFi 2.0 and P2E gaming

Fountain Protocol

– First cross-chain lending platform powered by Oasis Network

– The protocol enables users to experience high capital efficiency and one-stop management of DeFi assets

YuzuSwap

– First Decentralized Exchange (DEX) built on Emerald, Oasis’ EVM Compatible ParaTime

– Swapping between ETH-based and Oasis-based tokens

GemKeeper

– The second successfully audited DEX to the Oasis Network

– The GemKeeper DEX supports standard AMM features that will allow users to swap tokens, enter liquidity pools, and create new liquidity pools in 100% permissionless manner.

Robocop | Satoshi Club

Thank you for the great intro ! Do you want to add anything before we go to part 1 with 6 question from our community ?

Jon Poole

Oasis is a great network for building applications that allow users to retain ownership of their own data, and to monetize it. Some great areas for this are things like browser cookie data and ultimately even banking and transactions data.

Tokenized data is currently used in the Parcel environment by a number of startups and enterprise companies looking to benefit from the ease of integration through the Parcel API. These companies include everything from fortune 100 companies to mid stage startups. We’ve seen the most use cases revolve around user and medical data protection.

We have a number of companies already developing such solutions on Parcel API and many upcoming in Cipher paratime. For example, Nebula genomics stores the DNA sequence data from their user’s saliva swaps, mints a token that gives access to the owner. Using the data token the user can then monetize their data.

We are also seeing a lot of interest in Cipher for privacy oriented DeFi apps, like MEV resistant DEXes and lending platforms that whitelist users based on real world identity.

Robocop | Satoshi Club

im also curious, how big are your team right now? its anon team?

Ekin | Oasis Protocol Foundation

Thank you for the great question @GoldRocket27

So the development cycle is essentially the same as usual for Dapps as Oasis Emerald is EVM compliant. It’s possible to write in Solidity and use standard ecosystem tooling as dependencies for the Dapps.

Just as a ballpark we see Dapp development ranging from a couple of weeks to 3 months. Forking applications and just redoing the UIUX is usually something that takes a couple of weeks. More unique and complicated projects take normally a few months, but we have seen some that take up to 6 months too.

We are currently focusing heavily on building the Defi 2.0 ecosystem and applications, and the NFT + P2E gaming ecosystem. As we speak there are a lot of teams deploying their applications to the Network via the acceleration and hackathon programs. Aside of the ones being developed its already possible to use some of the many DEXes and lending protocols, and to collect some amazing NFT sets

In the future you can definitely expect to see a lot more P2E, NFT and Defi 2.0 projects. Also if you want to see some of the latest, please have a look at Rosart (https://rosart.io/), the first community built and accelerator supported NFT marketplace in the Oasis Network

Jon Poole

It’s truly amazing and it’s not just advancing computer science or Blockchain, it’s moving forward humanity in the direction of an open and fair data economy. I recommend you check out our documentation to learn more! You can find everything on our website https://oasisprotocol.org/

Gold Rocket | Satoshi Club

you guys are ambitious

Gold Rocket | Satoshi Club

It’s still for the geeks, but will eventually become mass adoption.

Jon Poole

We are backed by some of the world most reputable and successful investors. Which should be a point worth noting for those of you looking to build on a platform with strong mentorship potential and accelerator programs.

https://oasis.devpost.com/

Our strongest advantage is our team. We have an awesome group of people all pulling together in bringing the next 1 billion people to the blockchain space. Tech-wise we are also very strong when it comes to performance, development experience and support.

At the core of the Oasis Foundation is an international team of experts hailing from across Europe, Asia and North America. The foundation’s technical team is led by a Technical Advisory Committee, whose core responsibility is to advise the Oasis Foundation and the ecosystem participants on the technical aspects of the Oasis Network.

The Oasis Network Founder Professor Dr. Dawn Song is the world foremost lead in differential privacy and the use of AI. She is a Professor at UC Berkeley and she implemented her life’s worth of research into pairing her breakthroughs with the use of TEE’s and the Oasis Networks Layer-1 Blockchain solution.

https://cointelegraph.com/top-people-in-crypto-and-blockchain-2022/dawn-song

You can also see some of our team on our website. https://oasisprotocol.org/team

Gold Rocket | Satoshi Club

Wow! Really amazing dream team

Robocop | Satoshi Club

Perfect ! its like having a network complete all-in-one, Oasis Protocol amazing !

Jon Poole

I’m certainly doxxed

You have no idea! We’re incredibly ambitious and goal orientated and we know what we have with our product and ecosystem. It’s truly one-of-a-kind

Ekin | Oasis Protocol Foundation

We’re definitely not anonymous Our team is backed by the world’s foremost computer scientists as Jon just mentioned.

There is a about 70 people working at Oasis across Labs and Foundation now. We are also growing strongly, so I highly recommend to apply to our open positions (https://boards.greenhouse.io/oasisnetwork)

Robocop | Satoshi Club

Thank you for your answer

Gold Rocket | Satoshi Club

Thanks for great introduction, we will have several questions selected for the Part 1. Ready to start?

Jon Poole

There’s something for everyone. You can dig in deep and learn about the cutting edge computer science methods for privacy such as MPC, Differential Privacy, Confidential Computation and the use of TEE’s.

You can also focus on the high level overview of what data-tokenization means and what data monetization can mean to the everyday person! It’s truly an impacting breakthrough that will one day matter to everyone.

Jon Poole

Thank you

Jon Poole

Have I mentioned we solved governance by splitting consensus and computation? A revolutionary breakthrough in how you design a block itself on a Blockchain network? No big deal…

Robocop | Satoshi Club

That’s great

Jon Poole

Professor Dr. Dawn Song! The world foremost lead in AI and differential privacy! She teaches at UC Berkeley where they’re offering the worlds first Computer Science courses focuses on Privacy within Blockchain taught by Dawn herself!

Jon Poole

Yes, we’re ready!

Ekin | Oasis Protocol Foundation

Thanks for all the questions @GoldRocket27 .Let’s goooo

Robocop | Satoshi Club

Q1 From Telegram User @thisistoyin

Following up on your latest developments,

Another amazing thing to talk about is the fact that you had your first lending protocol powered by OASIS NETWORK, which was the Fountain Protocol launch this month march 2022, can you please explain to us about the Vision behind these Launch? What problems does this Protocol Solves? And how would it serve to benefit users in your ecosystem? Although it was just recently launched, but could you please Rate its Performance so far? What are the Various ways to which users could earn in these new Launched Protocol?

Jon Poole

Fountain Protocol is the first cross-chain lending platform powered by Oasis Network. This protocol enables users to experience high capital efficiency. We can say that Fountain Protocol is a one-stop management of DeFi assets. They made the security their highest priority, and the team is laser-focused on building a protocol that is reliable and safe. Fountain Protocol smart contracts were audited by PeckShield and Verilog. In addition to this, there are various ways to earn through Fountain Protocol, such as the Liquidity Mining Program for suppliers and borrowers when participating in the Lending Pool on Oasis network. A total of 4,000,000,000 FTP (40% of total supply) tokens over the span of 4 years will be allocated across asset markets as liquidity incentives. Fountain Protocol will establish a multi-revenue protocol with a fund pool as the core and multiple application scenarios, including the following: expansion to other chains, leverage trading, cross-chain lending.

You can read more about it here: Fountain Protocol. You can also participate in Fountain and earn rewards here: https://ftp.cash/home

Gold Rocket | Satoshi Club

Thanks for your great answers

Robocop | Satoshi Club

Don’t miss this chance Satoshi Clubber ! you can get reward by participate at https://ftp.cash/home

Robocop | Satoshi Club

Thank you for the detail answer, do you want to add something before we go to question 2?

Ekin | Oasis Protocol Foundation

I think its all good

Robocop | Satoshi Club

Q2 From Telegram User @NKUDM

I learnt that Oasis have it’s own swapping services called the YUZUSWAP built by community developers that allows users to participate in liquidity pools, swap, trade and earn rewards with high APY. Can you elaborate more on this Oasis swapping services(YUZUSWAP) What exciting features does it provide compare to other swapping services we know? Does it allow users to exchange crypto while retaining total ownership of the user? What is the minimum exchange fee your YUZUSWAP charges it’s users? How can we trade and earn APY using yuzuswap?

Ekin | Oasis Protocol Foundation

Thanks for the great question @Pratze

YuzuSwap (https://yuzu-swap.com/) is the first Decentralized Exchange (DEX) built on Emerald, Oasis’ EVM Compatible ParaTime.

YuzuSwap works to actively support price health by taking a 0.3% transaction fee on all transactions. 80% of this fee will go to a Smart Contract, which will support and buffer large price fluctuations by buying YUZU if the price falls below the 72-hour average. This helps maintain a healthy and stable token price that benefits traders, investors, and liquidity providers.

The final 20% of transaction fees will go to a DAO governance vault governed by YUZU token holders. Decisions around what the vault is used for will be made through an on-chain voting system and could include things like incentivization of developers, new community programs, or co-investing in other Oasis Network projects.

The Oasis Network is very excited to support the YuzuSwap Launch and finally, bring DeFi features to the community.

You can read more information about YuzuSwap here (https://medium.com/oasis-protocol-project/defi-is-coming-to-oasis-introducing-yuzuswap-the-1st-decentralized-exchange-on-oasis-the-50k-68193e63f31f)!

Taking advantage of the low gas fees, high throughput, and instant finality of Emerald, it includes all the features of a DEX that the DeFi community have come to expect:

-Swapping between ETH-based and Oasis-based tokens

-Liquidity pools and pairs

-Earning YUZU for providing liquidity to pools

-A voting system for governance of the funds collected with 20% of the transactions fees

Gold Rocket | Satoshi Club

How safe is this all? Have you performed any audits or checks?

Robocop | Satoshi Club

So you also mention about GemKeeper DEX from Oasis Network, is this feature already online, can you please give link to access Gemkeeper?

Jon Poole

GemKeeper DEX supports standard AMM features that will allow users to swap tokens, enter liquidity pools, and create new liquidity pools in 100% permissionless manner. GemKeeper will also enable users to farm GemKeeper’s governance token, BLING, by staking their GemKeeper Liquidity Pool (GLP) tokens in the Gem Mine.

By incentivizing a wide range of bridged tokens, GemKeeper enables the most popular crypto-assets across all of the top Layer 1 blockchains to come to Oasis and start earning yield. As more DeFi primitives such as lending, yield aggregators and others come to the Emerald ecosystem, this interoperability will become vital to the continued growth and success of Oasis’ Emerald Paratime. Participate and start earning with Gemkeeper here:

https://app.gemkeeper.finance/#/swap

Ekin | Oasis Protocol Foundation

Yes Yuzuswap is definitely audited! The audit was done by PeckShield and the report is publicly available here:

https://app.yuzu-swap.com/PeckShield-Audit-Report-YuzuSwap-v1.0_final.pdf

Robocop | Satoshi Club

Thank you for all the great answer

Gold Rocket | Satoshi Club

Thanks for your clarification and great answers

Robocop | Satoshi Club

Let’s continue to question number 3?

Ekin | Oasis Protocol Foundation

Sounds good! Let’s go

Robocop | Satoshi Club

Q3 From Telegram User @Jmagsss

Oasis Network utilizes two components, the Consensus Layer and the ParaTime Layer. We all know that every network and blockchain requires a consensus layer/mechanism for it to run, however, this will be the first time I’ll be hearing a network using a ParaTime Layer. Would you be please familiarize us with your ParaTime Layer? Can you discuss with us how it works and how it made Oasis Network run efficiently? What makes your ParaTime Layer unique and different from other network’s technology layers?

Jon Poole

I absolutely love talking about this as it’s truly something to take note of.

The ParaTime Layer hosts many parallel runtimes (ParaTimes), each representing a replicated compute environment with shared state. Separation of consensus and execution allows multiple ParaTimes to process transactions in parallel, meaning complex workloads processed on one ParaTime won’t slow down faster, simpler transactions on another. The ParaTime Layer is entirely decentralized, allowing anyone to develop and build their own ParaTime. Each ParaTime can be developed in isolation to meet the needs of a specific application, such as confidential compute, open or closed committees, and more. The network’s sophisticated discrepancy detection makes Oasis more efficient than sharding and parachains — requiring a smaller replication factor for the same level of security.

Designed to support the next generation of blockchain applications, the Oasis Network is incredibly versatile, agile, and customizable. Namely, each ParaTime can be developed in isolation to meet the needs of a specific application. ParaTimes committees can be made large or small, open or closed, allowing for faster or more secure execution depending on the requirements of a particular use case. Nodes can be required to have specific hardware, such as Secure Enclaves in a confidential ParaTime. Each ParaTime can similarly run different Runtime VMs (ParaTime Engines) such as EVM backwards compatible engine, Rust based smart contract language, or a Data tokenization engine. Finally to support enterprise and developer use cases, ParaTimes can be made Permissioned or Permissionless — allowing consortiums to have their own closed ParaTime, or communities to have full decentralized open ParaTimes.

The versatility of the ParaTime Layer allows the Oasis Network to expand and grow to address a broad set of new and exciting use cases, while still maintaining the same core ledger and consensus layer.

Robocop | Satoshi Club

Oasis Protocol really unique & innovative ! im really excited what new update that

you will bring in the near future, can you please share the roadmap from Orion Protocol?

Jon Poole

Spell check! Add Oasis Protocol Foundation to your added words

Ekin | Oasis Protocol Foundation

What’s this Orion protocol I’m hearing about?

Jon Poole

hehe that’s too funny

Robocop | Satoshi Club

ah sorry about that’

Gold Rocket | Satoshi Club

thanks a lot for the explanations

So… What about Oasis Protocol Foundation roadmap

Jon Poole

0*ZO6v89fD1XfJ3AlI.jpg

A picture is worth a thousand words

Robocop | Satoshi Club

Thank you for sharing this

Jon Poole

Thank you, for asking.

Gold Rocket | Satoshi Club

Great infographic

Thanks for sharing

Robocop | Satoshi Club

Are you ready to proceed to question number 4?

Jon Poole

Yes, let’s proceed

Robocop | Satoshi Club

Q4 from Telegram User @UniqueVicky

Oasis emerald aims to solve the typical issues of DeFi 1.0 by developing DeFi 2.0 and also aim to introduce GameFi and P2E gaming DApp into Oasis and as such are looking for capable, brightest and boldest developers to build DeFi 2.0 and P2E gaming DApp. As many developers are waiting for this opportunity, can you please tell us the requirements they must meet or possibly credentials needed to apply for this position? Where and how can interested ones apply? How may developers are you looking for at the moment? Is there any geographical restrictions to who may apply? Also tell us what typical issues of DeFi 1.0 will your DeFi 2.0 solve? Also tell us the kinds of P2E games you aim to introduce into Oasis and how players earn while playing these games?

Ekin | Oasis Protocol Foundation

Thanks for the question @Pratze

There are many ways for developers to build on Oasis Network, and bring fourth the wave of DeFi 2.0

Our current hackathon, The Oasis Bloom Hackathon, will raise brand awareness of Oasis within the developer community and yield some great dApps for our ecosystem. This hackathon facilitates the next generation of DApps for web3 & beyond in areas such as DeFi and P2E Gaming. It wouldn’t have been possible without the support of our sponsors, Jump, NGC, Newman, Hashed and Dragonfly. The winning teams will also have access to potential investments and mentorship opportunities provided by the sponsors, especially for the winning teams. You can learn more about it here: https://oasis.devpost.com/ . If you are interested in applying, you can do so here: https://bit.ly/3MDr3h3

Another great opportunity for developers is the $500,000 DappRadar x Oasis Accelerator. The program’s mission is to find ambitious teams and support them in building on the Oasis Network. Key areas of interest are DeFi, P2E gaming, and privacy solutions. During the program, the teams will be offered support to ensure successful integration, community engagement, and fundraising. The 10 selected teams will get a grant of up to $50K in ROSE each. Learn more about it here: https://oasisprotocol.org/accelerators.

We also have a grants program. The ROSE Bloom Grants Program will help you kickstart the development of your projects in a range of key focus areas and support DeFi, NFT, P2E Gaming, Metaverse, Data DAO, data tokenization and privacy DApss. Each proposal is eligible to receive up to $50,000 USD in ROSE tokens. Currently, the ROSE Bloom Grants program offers grants for the following development environments: Oasis Emerald, the EVM Compatible ParaTime and Oasis Labs’ Parcel SDK. Find out more about it here: https://oasisprotocol.org/grant-programs.

As for games on DeFi, gambling will be for sure something people put their attention towards… Imagine every time you went to the Casino, every single bet you made was on a public ledger with no privacy. What’s the solution right now without privacy? Centralized gambling is the solution and we all know what’s been happening with Centralized entities, they always have a “hack”. Oasis provides the solution with privacy and decentralization, we can have the world’s first privacy preserving, fully decentralized Casino. Does anyone remember the Full Tilt Poker cheating scandal where an employee built a back door and could see the whole table’s cards in real time? I’ve always wanted to build No-Limit Texas Holdem Poker on Oasis.

The DeFi system is going to get an overhaul when we unleash privacy on it, plain and simple. How can you take advantage of DeFi when you have no privacy. You’re not going to apply for a mortgage or even collateralize an asset if there’s no privacy (your address is on it). Further to this, you’re never going to get regulation from a Government if you can’t provide auditable systems, again, where running data queries on privacy preserving data comes in!

Robocop | Satoshi Club

I love casino i hope that Oasis Network will have Casino game project sometime in the future

Gold Rocket | Satoshi Club

incredible opportunities

Jon Poole

Gambling is something I’m definitely going to ensure happens on our network.

Robocop | Satoshi Club

Thank you for the great answer, are you ready for the next question?

Ekin | Oasis Protocol Foundation

Let’s goooooo

Jon Poole

Ready!

Robocop | Satoshi Club

Q5 from Telegram User @Billz120

Oasis Foundation I understand supports two (2) forst-party non-custodial wallets,a web wallet named Oasis Wallet-Web and a browser extension Wallet named Oasis Wallet- Browser Extension and both I learnt seamlessly connect to the Oasis Network and makes it easy to hold, send, and receive ROSE Tokens. Could you please tell us the distinction between the Oasis Wallet-Web- and Oasis Wallet-Brower Extension? Could you please explain to us the NEXUS, relationship between ROSE And Oasis Foundation?

Jon Poole

We have two officially supported Oasis wallets:

Oasis Wallet — Web can be found at https://wallet.oasisprotocol.org.

Oasis Wallet — Browser Extension is a Chrome browser extension that implements a wallet for the Oasis network. Only the extension can interact with DApps

For more information and other options see our documentation at https://docs.oasis.dev/general/manage-tokens/oasis-wallets.

Oasis Foundation maintains a reference implementation of the software used in the network that manages the rose token.

The $ROSE name selection was actually thought in detail.

A large part of the inspiration behind our name comes from what an Oasis represents. We are the Oasis of privacy in the privacy desert that’s the current web. You could also take some James Halliday references to Ready Player One with the metaverse they build and live in being called the “Oasis”, but that’s more of a coincidence and might come up later on during some puzzle campaigns I’m working on.

What’s even more exciting, is the $ROSE name selection which was actually thought out in incredible detail.

ROSE: A Symbol of Privacy

We wanted the token to stand as a representation for the network and Roses fit very well with this imagery. Historically they have often represented “secrecy”. Dating back to Ancient Greece, the Rose was seen as a symbol for secrets or privacy, used by Aphrodite as a gift in exchange for keeping the secrets of Gods.

In Ancient Rome this symbolism continued and the phrase “sub rosa” or “under the rose” was to mean “done in secret” or “under a pledge of secrecy”. This phrase and the symbol of Roses as secrecy extended throughout history with the British Tudors era where state secrets were decided in a room with a large rose hanging from the ceiling.

This fits well with our vision for the Oasis Network, which seeks to power the next generation of blockchain use cases through its unique capacity to support confidential computing and private data on the ledger.

You can read more about it in here: https://medium.com/oasis-protocol-project/introducing-rose-the-oasis-network-token-cee031b5a532

Robocop | Satoshi Club

Thank you for the detail answer, so lets continue to last question from part 1, are you ready ?

Jon Poole

We are ready!

Ekin | Oasis Protocol Foundation

Sounds great!

Robocop | Satoshi Club

Q6 from Telegram User @Cheriemike

The Oasis Network designed Cipher, the first-ever confidential ParaTime with support for confidential smart contracts. In a confidential ParaTime, nodes are required to use a type of secure computing technology called a TEE “Trusted Execution Environment”and this TEEs act as a hypothetical black box for smart contract execution in a confidential ParaTime.So can you tell us why is a “Trusted Execution Environment”more trustworthy?So if the TEE boot or service signature checks fails,what will the node do in such case?Recognizing the fact that not all devices host the same “Trusted Execution Environment” ,can you specify which technology a nodes can use that can give them the overall architecture expected of a TEE and the standard to help them if they wish to remotely manage a TEE?Aside from TEE,what other computer technology can a node use?Please explain Thanks

Ekin | Oasis Protocol Foundation

Currently we only support Intel SGX as the TEE. The node must provide valid Remote Attestation evidence in order to be able to participate in the confidential ParaTime committee. If any checks fail, the node is not able to participate.

TEE’s are quite a lengthy topic to explain so I would recommend everyone here to check out The Index’ recent podcast where Jon explains this in detail. It’s a great one!

https://www.podpage.com/the-index-podcast/web3-revolution-and-the-future-of-data-ownership-with-jon-poole/

Robocop | Satoshi Club

Awesome! thank you! article is always a good source of info

Gold Rocket | Satoshi Club

it’s good that Jon made this podcast and took care of it

Robocop | Satoshi Club

Thank you for the detail answer! it has been an amazing time in this first part of the AMA

Gold Rocket | Satoshi Club

Thanks guys for your great first part of AMA

Robocop | Satoshi Club

Now is time to proceed with the second part, the live segment part 2, are you ready for the storm of question?

Jon Poole

Thank you!

Jon Poole

Let’s see what this community can throw at us.

Ekin | Oasis Protocol Foundation

Excited for this one!

Jon Poole

I’m Canadian

Robocop | Satoshi Club

before we open, can you please share the important link and social media from Oasis Protocol?

Gold Rocket | Satoshi Club

I’m Ukrainian

Jon Poole

Oh yes, this is very important!

Linktree: https://linktr.ee/oasisprotocol

Robocop | Satoshi Club

Chat will be open in 5

Part 2 — live questions from the Telegram community

Q1 from Telegram user @meml97

It caught my attention that Oasis Protocol has this incredible initiative called “Oasis Fundation University Program”, where users can get training, become University Ambassadors and more things. Can you tell us more about this amazing University Program? What do people have to do if they want to be part of this Program? Most importantly, what kind of benefits will you offer to those students who are part of it? Will this Oasis Fundation University Program help them with important things such as paying some student loans? Will this University Program be available worldwide or just on a few countries and Universities?

Jon Poole

Oasis has the largest University Program in all of Blockchain and is connected with more Universities than any other project around the world. We believe in the future of our ecosystem and back it by promoting some of the largest and most rewarding Grants in Blockchain. We offer mentorship programs and our team will be affiliated with University of California, Berkeley’s upcoming Computer Science program offering first of it’s kind courses to it’s students. Proving not only are we inline with the future of Blockchain but that we are pioneers in it.

The benefits include training options, such as educational sessions with all those in your group interested in emerging technologies such as secure computing, decentralized networks, and machine learning as well as speaking engagements or webinars for those interested in running a node at your institution, access to hackathons, as well as the opportunity to contribute to the network and get rewarded for it through the ambassador program.

You can learn more about it here: https://oasisprotocol.org/university-program

We have an amazing ambassador program and a wonderful ambassador team. If you’d like to get involved and help us grow our ecosystem in any number of ways, please, check it out!

Learn more about it here: https://oasisprotocol.org/ambassador-program

Q2 from Telegram user @roja169

Looking at the “delegation & staking feature”, I understand that I can delegate my $ROSE tokens to a network Validator and start earning a slice of the Validator’s staking rewards. Here comes my question; What is the minimum and maximum number of rose tokens that can be delegated?. You mentioned that there are 110 active validators. So I am eager to know; what factors should I consider in deciding which Validator I should delegate my tokens to?. How can I get information about each of the network Validator?..What is the percentage of staking rewards that a user gets? Furthermore, talking about the ” Validators”; Will the consensus voting power of a validator be proportional to it’s stake?

Ekin | Oasis Protocol Foundation

100 $ROSE is the minimum required to stake. The network is targeted to reward stakers with rewards of between 2.0% to 20.0% depending on the length of time staked to provide staking services on the network. In order to be eligible for staking rewards per epoch, a node would need to sign at least 75% of blocks in that epoch.

https://docs.oasis.dev/general/manage-tokens/staking-and-delegating/

Concerning validators, you can find information about each of one here: (https://www.oasisscan.com/validators)

The current voting power mechanism is stake-weighted. This means that the consensus voting power of a validator is proportional to its stake. In this model, the network will require signatures by validators representing +2/3 of the total stake of the committee to sign a block. Note that in Tendermint, a validator’s opportunities to propose a block in the round-robin block proposer order are also proportional to its voting power.

Q3 from Telegram user @surendra040

Oasis Bloom Hackathon is of 200000$ prize pools. How did you raise the funds with such a large reward? what expectation do you have from this hackathon and what are the criteria to participate on it and we can grab more reward ??

Jon Poole

We have incredible sponsors who were willing to not only supply an industry leading $50,000 for our top Prizes equaling a total of $200,000, but, they’re also mentoring our winners to ensure the success of DApps built in our ecosystem (Jump, NGC, Newman, Hashed, Dragonfly)!

We’ve set realistic expectations and have focused on DeFi 2.0 and P2E gaming. We’re hoping to raise brand awareness for Oasis within the developer community, Grow the Oasis DApp ecosystem and Increase TVL.

https://oasis.devpost.com and link the application form — https://bit.ly/3MDr3h3

Q4 from Telegram user @cryptorocks_12

OASIS FOUNDATION and METAMIND has Colloborated To provide an ACCLERATOR PROGRAM, Will You Please Tell me More About This Program and What Makes it better From Other Accelerator Program ?

Ekin | Oasis Protocol Foundation

The Metaminds x Oasis Accelerator (https://oasisaccelerate.com/) program is one of the most comprehensive and exciting initiatives in the Oasis Network. The projects accepted to the program get a grant of $20k and have the opportunity to participate in a loosely structured program consisting of workshops and mentoring by some of the leading industry experts.

The teams in the cohort get direct access to our team and to our partners allowing them to access resources that only a few other projects have. This direct communication with the Oasis Foundation and our key partners is definitely one of the factors that makes the program stand out from any other accelerator program out there.

The other thing is the structured program that covers topics from technical development workshops, legal and marketing to business development gives the teams a real edge when they are building their actual business and technology aside from just the first minimum viable product. Serious and dedicated teams find this approach extremely helpful in our experience.

Finally, to highlight the investment opportunity that the accelerator program presents. In the demo day the projects get to present directly to our ecosystem fund and partners. Successfully closing the seed round is once in a lifetime opportunity and a real chance to stand out from other projects.

The applications to the Metaminds accelerator are already closed, but we have a similar structure in the Dappradar accelerator. We highly encourage any developers to apply and make your dream a true!

https://oasisprotocol.org/dappradar-accelerator

Q5 from Telegram user @Mdbiplobvaioo

Do you have oasis# Whitepaper if yes, please share it with as secondly do you have plans for pre-sale? Now where can we Join it?

Jon Poole

We are well past any type of sale, we are live on mainnet since Nov 18, 2020 which you can see on coinmarketcap.com, however, I can’t resist a good whitepaper pump.

You’re going to have an amazing time reading ours, we have the worlds foremost lead on Privacy within Data, AI and differential Privacy, our Founder Professor Dr. Dawn Song.

Main Papers: https://oasisprotocol.org/papers
 https://arxiv.org/abs/1804.05141
 This paper is world famous

We even wrote a new white paper (https://medium.com/oasis-protocol-project/secure-data-tokenization-7b730357b03e)!

Blockchain 3.0: https://docsend.com/view/isrhqk352adykdpz

Q6 from Telegram user @BrayantGonzalez

Really the feature that matters most to Oasis Network is having great privacy? If so, could you tell us why you give so much importance to these features, when the vast majority of DeFi networks are completely transparent and against privacy?

Jon Poole

DeFi and privacy can co-exist and makes for a powerful ecosystem. For example, there are aspects of DeFi such as decentralized KYC, computing credit scores for lending, risk scores using highly sensitive personal data, for which privacy is key. Combining privacy-preserving technologies with the openness of DeFi ecosystems unlocks the full potential of DeFi.

Oasis was built for privacy from the ground up. The separation of consensus from execution and the ability to run either confidential (like our Cipher ParaTime) or non-confidential ParaTimes (like our Emerald Ethereum compatible ParaTime) is exceedingly powerful as we can bridge from confidential ParaTimes, that tackle aspects around privacy in DeFi, with the open aspects of DeFi on the Ethereum network. The verification step that interfaces runtimes with consensus ensures that the computing even in confidential runtimes can be verified before committing to consensus.

Q7 from Telegram user @JaviSuBs

The protocols and the cryptographic ecosystem suffer attacks by hackers every year who find vulnerable contracts and with security flaws? Can you explain how you handle security in Oasis Protocol? How secure will our data and assets be on your platform and how do you manage the security of your smart contract? is audited and certified, which team certified it? If you are audited, can you share with the community the audit documents and the official address of the contract so as not to fall for scams?

Jon Poole

To start, let’s first explore the overall architecture to highlight how confidentiality is being protected in the Oasis network architecture. On a high level, the Oasis network introduces a notion of ParaTimes which are their own blockchains sharing security with the consensus layer. The consensus layer itself is not confidential and does not support user-uploadable smart contracts. Its core function is to manage everything that is needed to support ParaTimes.

Each ParaTime can implement its own logic (e.g., can define how transactions look like, what is stored in storage, etc.), but we provide a common SDK that defines common formats and makes interoperability much easier. A ParaTime can support smart contracts (currently the SDK has modules for WASM and EVM smart contracts) and can be either non-confidential or confidential, when paired with a key management committee.

Getting confidentiality right is hard. Currently confidentiality guarantees are based on Intel SGX enclaves and remote attestation. Our architecture separates concerns by having separate minimal enclaves (the key management enclaves) in charge of the encryption keys and confidential ParaTime enclaves only query those key management enclaves when needed (secured through mutual remote attestation) to avoid keeping any keys for longer than needed.

Each confidential ParaTime built using our SDK runs in an Intel SGX enclave and communicates with the outside world (e.g. the Oasis Core node and the consensus layer) through a minimal protocol. The enclave will independently verify consensus (and by extension also ParaTime) state integrity by use of a light client and will then proceed to process transactions. Transactions may be end-to-end encrypted using an X25519-Deoxys-II-based scheme so only the ParaTime running inside an enclave can read them (the key manager enclave will only derive secrets when the ParaTime can pass mutual attestation). To ensure state integrity a Merkelized authenticated data structure is used where the enclave independently verifies storage proofs. State encryption uses Deoxys-II MRAE encryption scheme to ensure confidentiality.

The WASM-based smart contract module provides an ABI that enables developers to define what state should be kept confidential and what should be public. Of course writing confidential smart contracts is harder as one needs to be very mindful of various side channels. We may provide side-channel hardening mechanisms on top of encrypted storage (with various degrees of performance tradeoffs).

One thing to also note is that the Oasis network architecture is also built with extensibility in mind. In the future it can relatively easily support new trusted execution environments.

Q8 from Telegram user @kosku21

Regarding the Oasis ambassador program, can you explain to me what type of users this program is aimed at, the types of knowledge we must have and about the rewards, is there a DAO-style page for these tasks?

Jon Poole

We do have a global team of ambassadors who I’ve worked with personally for the past two+ years, which has grown to over 500+ members including our China team, making local outreach easier than ever. We recently broke the 500 global ambassador milestone with many of our members in regions poised to explode with community support. We are highly underrated when it comes to our global presence and we are looking to change this in the upcoming quarters in a dramatic way.

Our approach is that we attract high quality Ambassadors from communities just like this one. We grow and empower our Ambassadors to use the skills they have from their existing careers and interests. We have community content generation bounties, community engagement bounties, marketing bounties, BD bounties, and soon to launch our Ecosystem Ambassador Bounty Program.

Our Ambassador program is an onramp into the industry and we’ve proudly helped many of our Ambassadors secure jobs within the industry!

If you are interested in our ambassador program, you can learn more about it here: https://oasisprotocol.org/ambassador-program

Q9 from Telegram user @highpee

You said that your “distributed consensus-computation layer architecture allows for better HORIZONTAL SCALABILITY while retaining VERTICAL SCALABILITY”. Can you explain in less technical term what horizontal and vertical scalability involves? How does it make OASIS blockchain a destination of choice when it comes to privacy-oriented blockchain services?

Ekin | Oasis Protocol Foundation

Let’s deep dive into how the Oasis Network is able to compute transactions in parallel. By checking if transactions conflict with each other, the Oasis network is able to group transactions into batches in such a way that changing the compute order of said batches won’t change the outcome. This allows each batch to be processed in parallel across multiple compute committees while preserving transactional semantics.

Oasis has come up with a new approach to scalability. Pending transactions are grouped and dispatched for execution to different groups of compute nodes. By having multiple groups of compute nodes executing different groups of transactions in parallel, horizontal scaling is achieved.

Regarding vertical scaling, our transaction throughput is high per paratime, approximately 1000 tx/s which is the result of our new and improved block and message propagation architectures, in addition to a short 6s block time. Practically, this means that even the most demanding applications will have all the bandwidth to process their transactions in each of the paratimes.

So just to summarize, horizontally we can have a number of different computational environments (which you can just think of as blockchains) running simultaneously, while each blockchain having a large throughput. Thus achieving horizontal and vertical scalability

Part 3 — Quiz Results

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.

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