The technology that powers a blockchain is only as good as the Blockchain. The Oasis Network is designed to be highly scalable, privacy-first, and adaptable, with the Consensus Layer and the ParaTime Layer separating consensus procedures from processing.
- The Consensus Layer is a decentralized group of validator nodes that runs a scalable, high-throughput, secure proof-of-stake consensus.
- Many Parallel Runtimes (ParaTimes) are hosted by the ParaTime Layer, each representing a replicated computing environment with a shared state.
So, if users ask why the separation of consensus and computation is so crucial, here’s why.
- The Consensus Layer and the ParaTime Layer are two layers that separate consensus and execution, allowing for higher scalability and customization.
- Multiple ParaTimes can process transactions in parallel because to the separation of consensus and execution. This means that complicated workloads executed on one ParaTime will not slow down faster, simpler operations on another.
Here are some further Oasis Network highlights:
The ParaTime Layer is completely decentralized, allowing anybody to create and maintain their own ParaTime system. Each ParaTime can be customized to match the requirements of a certain application, such as confidential computing, open or closed committees, and more.
Oasis is more efficient than sharding and parachains due to the network’s excellent discrepancy detection, which requires a lower replication factor for the same level of security.
Confidential computing technology has a lot of support on the network. The Oasis Eth/WASI Runtime is an open source example of a safe ParaTime that uses secure enclaves to keep data secret while processing.