Bingchat Researcher

Introduction: The cryptocurrency "Rose" is the native token of the Oasis Network, a layer one blockchain that aims to be privacy-preserving and scalable. This report provides information on the usefulness of Rose in real life, its growth potential, technology, and current and future updates. Methodology: To gather information for this report, I used my predefined tool `search_web` to search for information on the cryptocurrency "Rose" and its usefulness, growth potential, technology, and updates. I consulted various sources including news articles, market forecasts, and official websites. Sources: [1](^1^), [2](^2^), [3](^3^), [4](^4^), [5](^5^), [6](^6^), [7](^7^), [8](^8^) Analysis of Results: - Usefulness: Rose is a cryptocurrency that powers the Oasis Protocol, a layer one blockchain that aims to be privacy-preserving and scalable. The ROSE token is used to pay for transaction fees and for staking to validate Oasis Protocol’s proof of stake blockchain¹. Oasis Protocol enables fast transaction speeds and the creation of private smart contracts¹. In addition, Oasis is a scalable, versatile, privacy-first solution with a low gas fee. Also, the platform offers ease of development, high rewards on staking, and data monetization options to its users¹. - Growth Potential: The global cryptocurrency market is expected to expand at a compound annual growth rate (CAGR) of 12.5% from 2023 to 2030⁶. Revenue in the Cryptocurrencies market is projected to reach US$38bn in 2023. Revenue is expected to show an annual growth rate (CAGR 2023-2027) of 14.40% resulting in a projected total amount of US$65bn by 2027⁵. - Technology: Oasis separates consensus and execution into two layers, allowing multiple ParaTimes to run parallelly on the web for better scalability and versatility¹. The consensus layer is a proof-of-stake (Pos)-secured blockchain with a decentralized set of validator nodes operated by independent nodes. The separation of execution from consensus is secured using fraud proofs². On the Oasis Network’s Cipher ParaTime, nodes are required to use a type of secure computing technology called a TEE (Trusted Execution Environment), which acts as a hypothetical black box for smart contract execution in a confidential ParaTime². - Updates: The price of Oasis Network has fallen by 1.60% in the past 7 days. The price increased by 1.93% in the last 24 hours. In just the past hour, the price grew by 0.79%. The current price is $0.0470 per ROSE. Oasis Network is 92.16% below the all time high of $0.60. The current circulating supply is 5,725,718,533 ROSE¹. Assessment of Credibility: The sources consulted for this report include reputable news outlets such as CNN Business³, market forecasts from Forbes Advisor⁴ and Statista Market Forecast⁵, as well as official websites such as Coinbase¹ and CoinMarketCap². These sources are considered reliable and trustworthy. Conclusions: The cryptocurrency "Rose" powers the Oasis Protocol which enables fast transaction speeds and the creation of private smart contracts. The global cryptocurrency market is expected to grow in the coming years and Oasis Network's technology separates consensus and execution into two layers for better scalability and versatility. Recommendations: It may be worthwhile to keep an eye on updates and developments related to the Oasis Network and its native token "Rose" as the global cryptocurrency market continues to grow. References: [1](https://www.coinbase.com/price/oasis-network) [2](https://coinmarketcap.com/currencies/oasis-network/) [3](https://www.cnn.com/2023/06/23/business/bitcoin-price-year-high/index.html) [4](https://www.forbes.com/advisor/investing/cryptocurrency/crypto-market-outlook-forecast/) [5](https://www.statista.com/outlook/dmo/fintech/digital-assets/cryptocurrencies/worldwide) [6](https://www.grandviewresearch.com/industry-analysis/cryptocurrency-market-report) [7](https://news.un.org/en/story/2022/08/1124362) [8](https://www.rose.ai/) Origen: Conversación con Bing, 9/8/2023 (1) Oasis Network (ROSE) Price, Charts, and News - Coinbase. https://www.coinbase.com/price/oasis-network. (2) Oasis Network price today, ROSE to USD live price, marketcap and chart .... https://coinmarketcap.com/currencies/oasis-network/. (3) Bitcoin price hits its highest level in a year | CNN Business. https://www.cnn.com/2023/06/23/business/bitcoin-price-year-high/index.html. (4) August 2023 Crypto Market Forecast – Forbes Advisor. https://www.forbes.com/advisor/investing/cryptocurrency/crypto-market-outlook-forecast/. (5) Cryptocurrencies - Worldwide | Statista Market Forecast. https://www.statista.com/outlook/dmo/fintech/digital-assets/cryptocurrencies/worldwide. (6) Cryptocurrency Market Size, Share & Growth Report, 2030. https://www.grandviewresearch.com/industry-analysis/cryptocurrency-market-report. (7) UN trade body calls for halting cryptocurrency rise in developing .... https://news.un.org/en/story/2022/08/1124362. (8) Rose. https://www.rose.ai/. (9) Oasis Network (ROSE) Price, Charts, and News - Coinbase. https://www.coinbase.com/price/oasis-network. (10) Cryptocurrency Market Size, Share & Growth Report, 2030. https://www.grandviewresearch.com/industry-analysis/cryptocurrency-market-report. (11) Cryptocurrencies - Worldwide | Statista Market Forecast. https://www.statista.com/outlook/dmo/fintech/digital-assets/cryptocurrencies/worldwide. (12) Oasis Network price today, ROSE to USD live price, marketcap and chart .... https://coinmarketcap.com/currencies/oasis-network/. (13) Bitcoin price hits its highest level in a year | CNN Business. https://www.cnn.com/2023/06/23/business/bitcoin-price-year-high/index.html. (14) August 2023 Crypto Market Forecast – Forbes Advisor. https://www.forbes.com/advisor/investing/cryptocurrency/crypto-market-outlook-forecast/.