Catenaa, Sunday, December 08, 2024 – Namada, a cutting-edge shielded asset hub, has launched its mainnet with the publication of its genesis block, a media release said.
This milestone introduces shielded cross-chain transactions, offering advanced data protection and selective disclosure across multiple blockchain networks. Namada’s debut initiates the first of five phases in a decentralized rollout designed to empower users with enhanced privacy and governance features.
The platform’s key innovation, the Multi-Asset Shielded Pool (MASP), enables users to shield personal data while transacting across chains, with optional selective disclosure.
Users protecting their data are rewarded through Namada’s shielding rewards system. This approach addresses longstanding privacy concerns in the crypto ecosystem, a goal emphasized by cofounder Christopher Goes: “Individual control of data and freedom of disclosure is necessary for a free society.”
The launch is overseen by the Namada community, with the Anoma Foundation abstaining from validator roles to ensure decentralization. NAM token holders actively participate in governance, shaping the network’s evolution.
Additional features include Public Goods Funding (PGF) and Cubic Proof-of-Stake (CPoS), which bolster network security and ecosystem growth.
Namada aims to integrate with IBC-based assets initially, with potential future upgrades to accommodate additional ecosystems. The platform is positioned as the data protection layer for the multichain landscape, driving adoption among individuals and institutions prioritizing privacy. 1
- namada: https://namada.net[↩]
