Markets News Report
February 21, 2024

Oasis Network Reveals 2024 Roadmap, Focus on Deeper Integration with Ethereum Ecosystem

In Brief

Oasis Network’s roadmap for 2024 includes plans for deeper integration with the Ethereum ecosystem and Metamask Snap.

Oasis Network Unveils Roadmap for 2024, Plans Deeper Integration with Ethereum Ecosystem

Private computing network Oasis Network unveiled its roadmap for 2024, outlining plans for deeper integration with the Ethereum ecosystem, enhancing both the developer and user experiences.  Additionally, the network aims to bolster security and resilience while improving runtime and storage performance.

As a key component of its 2024 roadmap, Oasis Network is set to establish a more robust integration with the Ethereum ecosystem. In the initial quarters of the year, Q1 and Q2, specific initiatives include Foundry support, enhancements to the Oasis TypeScript client, and other developments. Later in the year, Oasis Network aims to introduce a Metamask Snap, incorporate Ethers-rs support, and introduce a Remix plugin catering to encrypted transactions on Sapphire.

To enhance Ethereum compatibility with Oasis Sapphire, engineers will focus on refining aspects such as msg.sender semantics, facilitating support for multiple outstanding transactions in the transaction pool, introducing trace support for local debugging, and other related improvements.

In the latter part of the year, Oasis Network engineers intend to investigate the validation of its consensus layer state transitions on Ethereum through execution proofs. This validation process aims to enhance Oasis Network security, and as a consequential benefit, it will gain the capability to trustlessly and more efficiently relay messages to Ethereum.

Oasis Network Strategic Advancements  

Oasis Network engineering team will focus on enhancing lower-level aspects of the network by investigating support for other Trusted Execution Environment (TEE) technologies, including Intel TDX, NVIDIA TEE, and Amazon Nitro Enclaves. TEE advancements prove valuable for its runtimes requiring the execution of more intricate logic, whether on or off the chain.

The blockchain engineering team also plans to maintain its emphasis on improving runtimes, with a specific focus on performance enhancements aimed at optimizing the Merkle trie storage database and the runtime storage protocol that will allow it to enhance overall network efficiency.

Founded in 2018, the Oasis Protocol is a decentralized and open-source blockchain platform that prioritizes privacy, scalability, and versatile blockchain infrastructure. It  provides tools for confidential computation, facilitating the creation of decentralized applications (dApps) with a focus on privacy. 

As Oasis Network pursues an ambitious roadmap for this year, its strategic advancements and plans position it at the forefront of the evolving landscape for blockchains.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

More articles
Alisa Davidson
Alisa Davidson

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

Hot Stories
Join Our Newsletter.
Latest News

The DOGE Frenzy: Analysing Dogecoin’s (DOGE) Recent Surge in Value

The cryptocurrency industry is rapidly expanding, and meme coins are preparing for a significant upswing. Dogecoin (DOGE), ...

Know More

The Evolution of AI-Generated Content in the Metaverse

The emergence of generative AI content is one of the most fascinating developments inside the virtual environment ...

Know More
Join Our Innovative Tech Community
Read More
Read more
Io.net Unveils IO Tokenomics: Sets Maximum Supply At 800M With 50% Distribution To Community
Markets News Report Technology
Io.net Unveils IO Tokenomics: Sets Maximum Supply At 800M With 50% Distribution To Community
April 16, 2024
Magic Square Integrates 1inch Swap API And Initiates SQR Token Swap Competition With $25,000 In Rewards
Business News Report Technology
Magic Square Integrates 1inch Swap API And Initiates SQR Token Swap Competition With $25,000 In Rewards
April 16, 2024
Umoja Joins Forces With Merlin Chain To Release First Bitcoin-Based Synthetic Dollar USDb
Business Markets News Report
Umoja Joins Forces With Merlin Chain To Release First Bitcoin-Based Synthetic Dollar USDb
April 16, 2024
Fake ZOOM-WETH Trading Pair On Uniswap Detected By PeckShield, Chainzoom Postpones Token Generation Event
Markets News Report Technology
Fake ZOOM-WETH Trading Pair On Uniswap Detected By PeckShield, Chainzoom Postpones Token Generation Event
April 16, 2024