Hello everyone...
Since a week ago, I do trading in Binance with the $ROSE token and I met him by a recommendation of a YouTuber I follow, I investigated the very well the project and saw the market trends and I liked the project plus the token has a volume of more than 200 million dollars a day, so it is very good for trading even if the market is bearish.
But although I trade with this token, I did not pay much attention to the protocol or other token projects, as I thought it was just another one of the bunch that wanted to compete with Ethereum and dethrone it. But as I was researching much more about what this project is, I concluded that it can be the next great innovation of the crypto world, as it integrates very well all aspects of finance and personal data always in favor of the user.
That's why I want to make a series of articles sharing the advantages and disadvantages of this project, something like the Crypto Guides that Dane Willians does. This time I will share what is Oasis Network, the advantages, and disadvantages of this project.
What is Oasis Network?
As blockchain developments and projects progress, they improve significantly. For example, when DeFi was launched, it was a revolution since finally there would be transparent finances for everyone equally. But this, in turn, brought some disadvantages such as, that everyone could see how much money you have in your wallet and if you live in a country with a crime rate as high as Venezuela, it is very difficult to prosper without being extorted or also if you live in a country where the governments want to apply tax laws on the crypto assets you have. So to solve that, Oasis Protocol was born, a project that seeks to give more privacy to DeFi users.
Oasis Network Advantages
Although it also solves typical problems such as transaction speed and costs, it also has other incredible advantages such as:
Roadmap: Currently they have already complied punctually with everything that has been proposed for previous quarters, which gives confidence in the project, in addition, more is expected for this first quarter of 2022 such as the launch of more private DeFi and more associations.
Strategic alliances: Oasis is notable for its specific alliances that offer its users a range of options that facilitate their tasks in the blockchain.}
Data tokenization: This is the most attractive function of this protocol since it will be you as an oasis user who will be paid if you permit to use your data, an advantage that will generate a large market in 2022.
Pioneer in the execution of confidential smart contracts: This is another highlight of Oasis since it allows only the parties involved in the transaction to see all the details, it is like a monero but that everyone accepts openly.
Network efficiency: In the Oasis network any irregularity in the information can be detected, offering greater security in its chain, thus being an ideal network for the execution of various parachains.
Project Governance: This also counts as a great advantage as it allows investors to vote for important decisions such as updates, strategies or sponsors.
Commercial alliances: Among the most prominent are Binance, Chainlink, BMW Group, Oasis Lab, Bankex, among others.
Oasis Network Disadvantages
Although this project has many very good advantages, it also has certain disadvantages such as:
Marketing: A correct campaign has not been carried out to promote the uses that oasis network has, and in a sea of so much competition it can easily be forgotten.
A lot of competition and small community: Because oasis network comes at a time when the market is saturated with huge competition like Polkadot, Solana, Polygon, it is difficult to break through quickly and also the community that has it is currently very small, it would have to grow 10 times to be highly relevant in the market.
Opinion about Oasis Network
When I see oasis and everything they offer, I see Hive in its beginnings, since they share some similarities as well as a fixed vision of what they want to achieve as a project and offer something unique to the community. If given due attention and promotion, this project can become one of the most important in a few years, and let's see how it can be used by those who want privacy or who want to make remuneration for personal data.
Thank you very much for reading, in a next occasion we will share more details about Oasis Network.