Namada, the shielded asset hub enabling shielded cross-chain transactions, has officially published its genesis block, marking the launch of its mainnet.
Along with the commencement of staking and governance, this marks the start of the first phase of Namada’s five-stage decentralized mainnet rollout.
This marks an important step forward, offering comprehensive data protection and selective disclosure across the multichain landscape.
Introducing Namada
Namada is designed to enable the protection of users’ personal data when using on-chain assets and engaging in cross-chain transactions.
Its key innovation, the MASP (multi-asset shielded pool), can support the shielding of user data related to any asset, enabling shielded interactions across different blockchain networks.
Namada enables selective disclosure, giving users the ability to share transaction data publicly and to specific parties.
Additionally, Namada is introducing a unique shielding rewards system for users protecting their personal data.
Christopher Goes, co-founder of Namada, said,
“Namada’s mainnet is a major accomplishment for the many contributors and community members who have worked hard to take Namada from an early idea to a real, operational protocol.
“Individual control of data and freedom of disclosure is necessary for a free society. We aren’t there yet, but the Namada mainnet is an important step in the right direction.”
The launch is fully decentralized, with the Anoma Foundation supporting the Namada ecosystem by proposing the mainnet candidate software and genesis balances.
However, the foundation abstains from running validators, ensuring that the Namada community retains full control over the platform’s launch and direction.
Adrian Brink, co-founder of Namada, said,
“Namada is an important missing link for the crypto space. Real adoption has been held back by the lack of user control over sensitive data.
“The goal of Namada is to give both individual and institutional users, who may have been waiting on the sidelines, the same freedoms and protections they have off-chain.”
Key features of Namada
Namada introduces a suite of innovative features designed to protect user data while enabling seamless shielded cross-chain interactions.
- Shielding rewards Namada’s MASP supports the shielding of data for various assets within a unified shielded set. Users collect shielded set rewards for shielding…
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