Will

Highlights from the Oasis Foundation’s “1st Community Town Hall”

Today the Oasis Foundation had their 1st Community Town Hall. As you can imagine there was a tremendous amount of information covered, across a variety of topics, during this Town Hall. So here is a summary of the topics discussed. I will just be giving a very brief overview, so if something interests you, or you would like to know more, I have added time stamps to the part of the video corresponding to each topic. https://www.youtube.com/watch?app=desktop&v=ErZFgdhxKeg&feature=youtu.be Technical Road Map to be built Q2/Q3 2021 (0:00- 4:04) Oasis SDK — Makes it simple to develop ParaTimes and Clients, and sets common standards.

Oasis ParaTime SDK — will incorporate; interoperability modules, WASM-based confidential Smart Contracts, SGX-based compute nodes, ROSE token to pay for fees.

Cross ParaTime Communication — standardizes specifications for ParaTimes to communicate to each other.

Inter Blockchain Communication Protocol(IBC) — Allows for communication with other networks which support IBC.

Here is a link to the GitHub with more in-depth view of the Roadmap. https://github.com/oasisprotocol/community/discussions/24

What these new developments means for Oasis (4:04–12:18)

  • The Oasis team plans to build the “Oasis Protocol Foundation ParaTime,” which will be based on the new Oasis SDK. This will allow for new confidentiality features.
  • These improvements to the network should provide a more flexible environment for developers. Developers can start building in a place that is convenient for them and later deploy on whichever environment they feel is best for that specific Smart Contract. This is done by leveraging Oasis’ flexible architecture, which allows for multiple development environments that can co-exist by sharing the same consensus layer.
  • There are applications where it doesn’t make sense to start with confidentiality and privacy from the start. By using the new ParaTime interoperability designs it will allow developers build their applications and add privacy as needed, as the applications grows and gains adoption.
  • ROSE is now available within ParaTimes such as the Oasis Ethereum ParaTime. This will allow ROSE to interact with dapps built on the Oasis Ethereum ParaTime.
  • Decentralized Exchanges are being built, with and without confidentiality. The launch of these Dex’s will have liquidity mining incentive programs.

ROSE -Ethereum Bridge (12:18–15:20)

  • This is a bridge to move tokens between the Oasis and Ethereum Networks. This allows tokens like ROSE to move to the Ethereum network and allows Ethereum based ERC-20 tokens to be used within DAPPs/DeFi on Oasis. The backend for the bridge is already developed and is currently being connected to the web wallet. It will be deployed this quarter on the new “Oasis Foundation Paratime.”
  • The Bridge will be able to support any ERC-20 assets, although they will start with only a few.

Oasis-ETH ParaTime (15:20–25:10)

  • The Oasis-ETH ParaTime will be integrating with the new Oasis SDK which will introduce the ROSE token into Oasis-Eth ParaTime. This will allow the ROSE token to be incorporated into DeFI and other dapps within the Oasis-ETH ParaTime. This will be released in the near future.
  • They are currently working on the SOLL compiler which will allow Developers to generate their current Solidity based Smart Contracts into the new Ewasm format which should bring performance improvement.
  • They are introducing a new Rust SDK which is one of the most popular programing languages. This will empower more developers to start building on the Oasis-ETH ParaTime. This new Rust SDK should be released this year.

Figment (25:10–40:37)

  • Data Hub(built in November) — This an enriched API infrastructure and allows developers to easily connect applications to the Oasis blockchain. It is free to use up to 200k requests per day.
  • Figment Learn — Launching for Oasis in July. It allows Web 2.0 developers to go from 0 to writing a Smart Contract within Oasis in 1 day. There will be 5 tutorials and will earn ROSE Tokens for completing these tutorials. There will also be the ability to earn ROSE tokens as a Developer, by building tutorials for others on the platform.
  • Figment Capital — This is a venture capital arm of Figment. Please contact Figment if you are interested in building on top of the Oasis protocol and are looking for funding or other services.

Grants (40:37–44:45)

  • Rose Bloom Grants program — $1.5 million program. Grants are worth up to $50k in ROSE for building apps and ecosystem tools, for the Oasis Network. This is live and applications are being reviewed on a rolling basis. Submit your applications today!
  • Projects that have already received funding include; Non-custodial wallets (chrome extension and web wallet), Uniswap deployed on Oasis-ETH ParaTime, Private Dex Built on the Oasis Network.
  • Priority projects they are looking to fund include project related to; NFT apps, auctions, and gallaries on Oasis-ETH, DeFi apps on Oasis-ETH, Lottery/Game apps on Oasis-ETH, Oasis Network blockexplorers.

Non-custodial Web Wallet Demo (44:55- 50:28)

  • The wallet is currently still under development. Once it is finished it will be capable of handling mnemonic phrases, ledgers, and private key’s directly (which are not shared with a third party). It will also be allow users to have multiple wallets and have the ability to easily switch between them. The wallet will have a QR scanner for sending transactions as well.
  • The wallet will also allow for easy staking within the wallet. This will include data about the validators so users can make educated decisions about which validators they would like to delegate to.
  • Transactions will also be able to display the genesis hash, fees of the transaction, etc.
  • The the wallet will eventually be composable with the ROSE-Ethereum Bridge
  • The wallet is currently only translated in French, but before launch it will translated in as many languages as possible.
  • There will be internal security audits from the Oasis team to make sure it secure.

Community update (50:38-1:02:15)

  • The Rose Garden program unlocks in 4 days. There will be a Rose Garden 2.0 or some other community events coming in the future.

AMA’s have incorporated “earned quizzes” at the end. These are KYC dependent and provide the opportunity for users to earn ROSE tokens for participating in the AMA.

  • University Programs — The amount of Universities are growing. Many of the Universities involved are some of the more reputable top-tier Universities in the world.
  • The Oasis team will be doing more events on Clubhouse. These are intentionally not recorded in order provide organic live conversations.
  • There will be community incentives coming soon.
  • If you want to get involved in the Oasis community, fill out the Oasis Ambassador Application. As an Oasis Ambassador you can earn ROSE rewards by completing community bounties. There a variety of areas where Ambassadors can provide value, including but not limited to; business development partnerships, content creation, expanding oasis to new social media platforms, and translation of documents into different languages. Oasis Ambassadors will have the ability to get first access to demonstrations and testing groups

Live Q and A What is the technical Road Map for the Rosetta API from Oasis’ perspective (1:02:40–1:03:20)

  • The Rosetta API is very limited. It is made as an API that encompass all the different chains which limits its’ funtionality. It is still being supported and used by custody providers and exchanges.

What is the plan for tokens on the Oasis blockchain and its’ various ParaTimes, and how will the tokens interact across them? (1:03:26–1:08:35)

  • The Oasis team has built a product that is between enterprises and blockchain developers and is able to serve both groups.
  • On the blockchain development side, the Oasis team is currently focused on building the best infrastructure to enable features like token minting in the future. This is forward looking however as they want to make sure the infrastructure is built right before providing this capability.
  • On the enterprise side the Oasis team notes that enterprises are starting to realize the beneficial features blockchains can enable such as transparency, portability, fractionalization, and interoperability.

The Oasis team is interested in creating dynamic NFTs which are dependent on data. The example given is for a NFT representing royalties for something like music streaming. The value of the NFT would be dependent on amount of streams and would be constantly changing. They are working on understanding the relationship between data and NFT’s as well as tokens in general.

  • The next feature (soon) the Oasis team plans to enable is one which allows companies to benefit from blockchain, without having write blockchain code or deal with blockchain infrastructure. This will be done by representing assets via tokens whose value will be determined by data.

How are gas fees made to be lower than that of ETH (1:09.20)

  1. Because the consensus layer can support many different parallel run times.
  2. ParaTime committees can be smaller with a lower replication factor. This is possible due TEE’s, such as SGX, as well as utilization of randomized election and Oasis’ discrepancy detection technology.

Written Q and A What is the difference between Oasis Labs, Oasis Foundation and Oasis Protocol? Oasis Protocol or Network = the underlying decentralized network

Oasis Foundation = Supporters of the Network and broader community

Oasis Labs = Early contributors to the Network AND builders of Parcel. Their focus is on usage to the network as well

How is Parcel designed in regards to smart contracts and when will the Rose token be incorporated into the Parcel ParaTime?

  • Parcel is built using underlying smart contracts with an API sitting on top of it. This makes it easier for developers/companies who may not be as familiar with Blockchain, Smart Contracts, Tokenization, etc.
  • The Rose token is planned to be incorporated into the Parcel ParaTime sometime this quarter.

How is the Trust Wallet development going?

  • The PR is going to Trust Wallet next week!

What are the best way to contact the team if I have questions about building on Oasis or suggestions for the Oasis Team?

Oasis provides capabilities to leverage a variety of privacy-preserving technologies such as Confidential Computing, Homomorphic Encryption, Differential Privacy, etc. How will these all fit together in ParaTimes and when will these technologies start being useable within ParaTimes?

  • Privacy-preserving technologies are composable with one another which can give defense in depth. For example, differential privacy can be composed with confidential compute to implement on-chain differentially private queries that require tracking the privacy budget etc.
  • The upcoming Oasis Protocol Foundation ParaTime will host confidential Smart Contracts and the ParaTime will use ROSE as the token.

How many Transactions Per Second are currently possible via an Oasis ParaTime and will this increase in the future?

  • Theoretically the TPS is unbounded. Currently the Oasis team states 1,000 TPS as a conservative view based on the max speed of Tendermint’s consensus later which is used in Oasis.

What is the role of Dawn Song at the Oasis and will she be more active in community calls in the future?

  • Dawn is the founder of Oasis Labs and is working full time with Oasis currently. Right now her focus is on bringing usage and liquidity to the network now.
  • She is based in China which makes attending certain calls such as this one difficult, based on time zone differences. She has been doing a lot of events in China while there though, and the community can expect to see her in the future.

Are there any details regarding how Oasis adoption is going in different regions around the world outside of the US?

  • Oasis is accessible via the BSN API in China. The Oasis team is also working to expand their availability as a network to companies in China too
  • In Europe, Parcel is getting used by many companies in for General Data Protection Regulation (GDPR) compliance reasons.

Delegators do not receive and rewards from transaction fee’s, only validators do. In the future, when the Oasis team stops subsidizing the network, what will be the incentive to delegate, given that currently delegators do not receive rewards from transaction fees?

  • There are some incentive changes we as a community should propose and support in the future. Over time this will become more and more important
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