The Oasis Network is a Layer 1, proof-of-stake, decentralized network. It has two main components, the Consensus Layer and the ParaTime Layer. The Consensus Layer is a scalable, high-throughput, secure, proof-of-stake consensus run by a decentralized set of validator nodes. The ParaTime Layer hosts many parallel runtimes (ParaTimes), each representing a replicated compute environment with shared state. The Oasis Network’s impressive scalability is achieved through a cutting-edge set of features that provide faster transaction speeds and higher throughput than other networks. It supports confidential smart contracts — allowing sensitive data to be used by Dapps and unlocking new use cases and applications of blockchain technology. And it's designed to support the next generation of blockchain applications, the Oasis Network is incredibly versatile, agile, and customizable.