Sirlibz
Oasis Foundation has announced that their Mainnet is Live today 18 November 2020 and they are planning to celebrate this launch with their community Via 3 days of special events streams and many more.
The launch of Mainnet comes with an active ecosystem and real world use cases including Nebula Genomics, a Crypto Safe Alliance (which includes Binance and others), enterprise partners. The Mainnet network will be fully backward compatible with Ethereum thereby allowing developers to easily port new or waiting Decentralized Application (Dapp’s) to the Oasis network. The team has already started development in deploying Ethereum Dapps to the Oasis Network, this development includes Uniswap and the data governance and privacy API parcel.
The Mainnet will support Confidential Computing, a process where data is kept encrypted and private even while being processed by a node on the network. Developers who wish to use this feature must have their applications built on ParaTime, applications built on ParaTime can leverage confidential compute to protect data while also getting the benefits of immutability and traceability of a blockchain.
The newly launched mainnet makes it possible for lesser or lower fees to be paid while developing on the blockchain. It is designed in a lightweight, scalable manner and prevents front running while allowing lower fees. This development is aimed at helping the DeFi sector since one of the challenges currently faced within the DeFi space is the high cost of transaction fees paid by users and smart contract deployers and Dapps.
The Mainnet is built using the same Ethereum Virtual Machine (EVM) runtime that Ethereum uses but faster and more affordable for prospective users. Developers can deploy their Dapps to the network if they want since it supports the entire Solidity tool chain.
