The Oasis protocol public testnet goes live

The Oasis Foundation announced its first public testnet is now live. The current version only allows users to spin up a node, but the Oasis team intends to add staking and delegations features soon. In the long-term, the Oasis protocol aims to provide a smart contract platform with built-in data privacy through the use of secure enclaves and zero-knowledge proofs (ZKPs).

Why It Matters:

• Once staking and delegation incentives are live, the Oasis Foundation will host a testnet staking competition, dubbed “The Quest,” and allocate ~1% of its native token supply to the event’s participants. Incentivized testnet competitions help early-stage projects bootstrap a network of validators and stress test the technology in a realistic environment. We cover these experiments in more detail in our Incentivizing Testnet Participation Pro research report.