The Oasis Network is designed to be a privacy-focused, scalable, Proof-of-Stake (PoS) Layer-1 smart contract platform that is Ethereum Virtual Machine (EVM) compatible.

The network's value proposition is its multi-layer modular architecture that enables the scalability and flexibility to deploy low-cost privacy-focused smart contracts.

Given the size of the Layer-1 smart contract economy, there is a significant opportunity for the network to accrue value.

The launch of the Emerald ParaTime and the resulting launch of DeFi applications sparked noticeable network activity at the beginning of 2022.

Launching the Cipher ParaTime in Q2 2022 is anticipated to bring Oasis Network's confidential smart contracts into existence and drive new use cases within DeFi.

The Parcel ParaTime is a set of privacy-first, data governance APIs designed to give users better control of their data and enable developers to deploy an isolated compute environment for privacy-preserving analysis.