INTRODUCING PARASTATE: THE FOUNDATION SUPPORTING THE OASIS-ETH PARATIME

Anyone familiar with the Oasis Network will be aware that one of the most popular ParaTimes is Oasis-Eth. It’s fully compatible with Ethereum, but with cheaper gas prices and better throughput. If you are new to Oasis, Oasis-Eth is a wonderful place to start.

SecondState was one of ParaTime’s early contributors, but the Oasis-Eth ecosystem requires a committed foundation to help it flourish. We’re happy to announce the formation of ParaState, a new organization tasked with overseeing Oasis-day-to-day Eth’s maintenance and delivering on an exciting product roadmap for the ParaTime. The main developers of ParaState are headquartered in Taipei, with members of the marketing and operations teams stationed in the United States, Europe, India, and Australia.

ParaState is thrilled to be a member of the Oasis family and collaborate with them to offer top-tier privacy features to the Ethereum-compatible ecosystem.

Oasis is excited to welcome ParaState to the Oasis Community. They look forward to seeing them add additional features and enhancements to the Oasis-Eth ParaTime, such as support for a ROSE gateway and connection with the brand new Oasis ParaTime SDK.

About Oasis Network

The Oasis Network is the first privacy-enabled blockchain platform for open finance and a responsible data economy designed for the next generation of blockchain. The Oasis Network, with its high throughput and secure design, can enable private, scalable DeFi, reinventing open finance and bringing it to a wider audience than traders and early adopters. Its unique privacy features have the potential to not only redefine DeFi but also to create a new type of digital asset known as Tokenized Data, which will allow users to take control of the data they generate and earn rewards for staking it with apps, resulting in the first-ever responsible data economy.