Oasis launches Ethereum-compatible privacy blockchain Sapphire

Decentralized applications could pat into improved privateness features arsenic blockchain steadfast Oasis launches its confidential EVM-compatible blockchain Sapphire.

Sapphire and the Oasis Privacy Layer (OPL) are present live, allowing existing decentralized applications (DApp) connected Ethereum Virtual Machine (EVM) networks to marque usage of the blockchain’s privacy-first features without having to transportation retired cross-chain swaps for respective tokens.

Cointelegraph reached retired to Oasis to unpack the halfway components of the Sapphire blockchain and however it could assistance thrust cross-chain Web3 improvement focused connected privateness features for astute contracts.

Oasis Foundation manager Jernej Kos said that OPL successful peculiar allows developers that person built DApps connected immoderate EVM web to integrate a assortment of Sapphire’s features without having to migrate to the Oasis blockchain:

“Being afloat EVM-compatible means that developers tin physique backstage astute contracts successful an situation that they are already acquainted with, for illustration Solidity astute contracts moving connected the EVM arsenic known from Ethereum.”

Kos added that the functionality besides improves the quality to deploy DApps crossed antithetic chains and marque them compatible. Another illustration would beryllium having a halfway DAO astute declaration connected Ethereum (ETH) portion handling afloat backstage voting connected Sapphire, with end-results being sent backmost to the halfway DAO contract.

“In this mode the privateness capabilities of Sapphire are exposed to immoderate different chain.”

According to the Oasis Foundation director, the bulk of DApps being developed connected Oasis are privacy-centric and alteration users with afloat power implicit their on-chain information to power however that gets shared and accessed. This is besides evident successful a database of antithetic tools and platforms that person been built wrong the Oasis ecosystem.

Related: Oasis Foundation launches $160M improvement fund

Kos highlighted confidential decentralized exchanges, privacy-enabled blockchain gaming, relationship abstration, confidential NFTs, backstage voting, sealed-bid auctions, cardinal absorption and decentralized recognition arsenic usage cases that person travel to the fore from builders connected the Oasis chain.

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