Oasis Labs has announced the successful launch of its Oasis Network mainnet, with more than 70 independent validators already live.
Oasis is a privacy focused Layer 1 network that claims a throughput of 1000 transactions per second designed to support decentralized applications. In June 2018, Oasis raised $45 million from crypto venture heavyweights including A16z, Binance Labs, Pantera, and Polychain. Oasis allows data to be encrypted, and for privacy policies surrounding its use to be enforced through smart contracts
Oasis Labs says its “confidential compute” functionality enables encrypted data to be processed by the network’s nodes to ensure the privacy of a wide range of processes — from credit history checks to genetic research. An announcement on Nov. 19 explained:
“The Oasis Network can support a new breed of privacy-preserving applications that respect a user’s data preferences by design and ensure each individual is fairly compensated for their data. They can earn rewards by staking their data with