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ParaTime Node

This guide provides an overview of the requirements to become a compute node for a ParaTime connected to the Oasis Network.

About Oasis Network​

The Oasis Network has two main components, the consensus layer and the ParaTime Layer.

  1. The consensus layer is a scalable, high-throughput, secure, proof-of-stake consensus run by a decentralized set of validator nodes.
  2. The ParaTime layer hosts many parallel runtimes (ParaTimes), each representing a replicated compute environment with shared state.

Oasis architectural design including ParaTime and consensus layers

Operating ParaTimes​

Operating a ParaTime requires the participation of node operators who contribute nodes to the committee in exchange for rewards. ParaTimes can be operated by anyone, and have their own reward system, participation requirements, and structure.

As a node operator you can participate in any number of ParaTimes. While there are a number of ParaTimes under development, below are a few key ParaTimes that you can get involved in today. For operational documentation on running a ParaTime, please see the section on running a ParaTime node for node operators.

Cipher ParaTime​

An Oasis Foundation developed ParaTime that will enable WebAssembly-based confidential smart contracts.

Overview​

Features​

  • Fully decentralized with node operators distributed across the world.
  • Oasis ROSE tokens are the native token used in the ParaTime for gas fees.
  • Support for WebAssembly smart contracts.
  • Support for confidential compute.

Mainnet Requirements​

For your Cipher ParaTime node to be eligible to be elected into the Cipher committee on Mainnet, your entity needs to:

  • Have a validator in the validator set.

Rewards​

  • The ParaTime will release tokens on-chain to reward nodes for participation.
  • The reward program is 2 years long, and tokens will be released per epoch.
  • The reward will be 10~20 ROSE tokens per entity per epoch, where the Oasis Protocol Foundation will make the final decision on the reward size upon th Cipher's Mainnet launch.
  • Incentivized Testnet with ROSE tokens delegated by the Oasis Protocol Foundation to Testnet participants based on performance (rewards can be found here).