- 1 Oasys is a multilayer blockchain structure, with one layer being Layer 1 (Hub) and the other being a Layer 2 (Verse) scaling solution.
- 2 OAS is the native token of OASYS, facilitating all the payments and transfers on the blockchain network.
- 3 Layer 2 is highly usable, flexible, and more eco-friendly in comparison to Layer 1 scaling solutions.
Oasys is a public blockchain specializing in games. It is launching with support from renowned game companies to revolutionize blockchain for games.
Oasys is an EVM-compatible protocol that adopts the Oasys architecture. The unique architecture consists of a multi-layered structure. Its layers are distributed as Hub-Layer which is a highly scalable Layer 1, and Verse-Layer which is a special Layer 2 using Ethereum’s Layer 2 scaling solution.
It is believed that blockchain and NFT technologies will play a more important role in the future of the multiverse. With Oasys Architecture, game developers are allowed to build a Layer 2 metaverse that is highly usable, flexible, and eco-friendly, and as a result, users can enjoy blockchain games with great UX in comparison to Web2 platforms.
The core team of the Oasys project has been working on blockchain games and NFTs since 2018.
Oasys is a multi-layered EVM-compatible PoS public blockchain. It solves some of the challenges game developers were experiencing on the blockchain. The Oasys blockchain consists of Hub Layer 1 and Verse Layer 2.
Hub Layer (Layer 1)
Following are the characteristics of the Hub-Layer (Layer 1)
High Network Stability
Block time is set to be 15 seconds to transfer data to globally distributed nodes. It is considered adequate, as Ethereum also has the same block time.
The Hub Layer has the ability to operate with thousands of Verse-Layers connected without the risk of network failure due to trouble with nodes.
The Hub Layer can only be used for FT, NFT, Bridge, and Rollup contracts; only the Verse Layer will experience heavy traffic. In exceptional cases, some of the contracts are deployed via governance approval on the Hub-Layer, but governance controls them. It does not affect the stability of the blockchain.
When posting Verse-Layer transactions to the Hub-Layer, rollups are used to minimize the number of transactions on the Hub-Layer. This facilitates scalability that does not depend on an increase in Verse-Layer transactions.
High Data Availability
Transaction data on Verse-Layer is reflected on the Hub-Layer (Layer 1), so any event in the Verse-Layer is verifiable.
Oasys is an environmentally friendly blockchain that does not consume energy unnecessarily because of its PoS-based consensus mechanism, so the cost of gas fees for developers will be minimal.
Verse Layer (Layer 2)
High-speed optimistic Rollups
Normal optimistic rollups establish the network through trust in a fraud-proof mechanism to verify fraudulent transactions from an unspecified number of parties.
Oasys Optimistic rollups establish the network through trust in two factors: the Verse Builder that operates the Verse-Layer (Layer 2) and appointed verifiers, which make it fraud proof.
First, users need to trust that content providers will develop and operate content sustainably and soundly. At Oasys, the Verse Builder plays that role, winning the users’ trust through sustainable and sound content operations.
As all the transactions are verifiable, a Verse Builder cannot cheat easily. Therefore, the trustworthiness of Verse Builder will make it more capable of tampering. Verse builders can also appoint one or more appointed verifiers when building a Verse. These verifiers will verify rollups in return for financial incentives and their own trust as a third party.
Oasys eliminates the 7-day challenge period from optimistic rollups and allows transactions to be approved immediately at the same level as Web2 products. This is faster than other blockchains and Layer 2 solutions.
Since all data on Oasys is stored in the Hub-Layer, high data availability is achieved, and if the Verse-Layer is lost, it can be restored completely.
Oasys is a Private Layer 2, Not a Private Blockchain
To achieve a multi-layered structure to solve the Web3 dilemma, Oasys concluded that using Layer 2 technology in blockchain games is the best solution in terms of data availability, scalability, and transaction speed, rather than implementing a private sidechain.
Layer 2 technology is also suitable for blockchain games with a permanent existence. Using rollups, all data on Layer 2 is reflected on Layer 1. It means that even if Layer 2 is down, the data is technically guaranteed to be restored as long as Layer 1 is running (high data availability). However, in the case of private sidechains, there is technically no guarantee.
Support for ZK-rollups and New Technologies
The team believes that several Layer 2 solutions would be optimal for Oasys, but at this moment, they only support optimistic rollups. With the progress in Ethereum scaling solutions, they will launch other suitable technologies.
The Hub-Layer specializes in storing and exchanging data securely and in a stable manner. It does not allow applications to run directly. Verse builders manage the Verse-Layer and can design it to be permissioned, semi-permissioned, or permissionless, with limited or no restrictions on dApss deployed.
With authority, Verse Builders can reduce scam projects and encourage high quality dApps, allowing them to confidently invite a wide variety of users into their Verse Layer.
Conclusion: OASYS Token (OAS)
Oasys’ native token is the OAS token, which is the highest level token in the entire Oasys ecosystem and is issued on the Oasys public chain to maximize distribution of the Oasys token. OAS had an initial supply of 10 billion tokens. Six years after the launch of the mainnet, OAS token holders will determine the additional supply of staking rewards through decentralized governance.
OAS tokens can be used to pay gas fees, helping to build Verse through the deposit of tokens. Token holders can participate in decision-making through decentralized governance, which facilitates the receiving of staking rewards and micropayments.
Where can a user buy Oasys?
OAS tokens are traded on centralized crypto exchanges, and the most popular exchange to buy and trade Oasys is KuCoin. Other exchanges include XT.COM and Bitget.
Which is the most active pair?
The most active pair to trade Oasys is OAS/USDT.
What is the circulating and maximum supply of OAS tokens?
The circulating supply is 1,063,518,671 tokens and the maximum supply is capped at 10,000,000,000 tokens.
Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.