Oasis has introduced Sapphire, a private blockchain compatible with the Ethereum Virtual Machine.
According to the company, it will give decentralized applications (DApps) access to more advanced privacy capabilities. With the launch of Sapphire and the Oasis Privacy Layer (OPL), current DApps on EVM networks may now utilize the privacy-first capabilities of the blockchain without needing to do cross-chain swaps for corresponding tokens.
The network was contacted to explain the Sapphire blockchain’s fundamental elements and how it intends to promote cross-chain Web3 development centered on privacy features for smart contracts.
OPL, in particular, enables developers who have created DApps on any EVM network to incorporate several Sapphire’s capabilities without having to switch to the Oasis blockchain, according to Oasis Foundation director Jernej Kos:
“Being fully EVM-compatible means that developers can build private smart contracts in an environment that they are already familiar with — for example, Solidity smart contracts running on the EVM as known from Ethereum.”
Kos continued by saying that the functionality also enhances the capacity for deploying DApps across several chains and ensuring their compatibility. Another illustration would be to handle entirely private voting on Sapphire and handle the core decentralized autonomous organization smart contract on Ethereum, relaying the results to the core DAO contract.
“In this way, the privacy capabilities of Sapphire are exposed to any other chain.”
The majority of DApps being developed on the network, according to the director of the Oasis Foundation, are privacy-centric and provide users complete control over their on-chain data and how it is shared and accessed.
This is also demonstrated by several platforms and technologies developed as part of the Oasis ecosystem. Kos listed several use cases from the network chain builders, including secret decentralized exchanges, privacy-enabled blockchain gaming, account abstraction, confidential nonfungible currencies, private voting, sealed-bid auctions, key management, and decentralized identification.
