Zug, Switzerland, April 3rd, 2024, Chainwire

Namada, the multi-chain data protection Layer1, has unveiled its proposed roadmap for the mainnet launch. This roadmap outlines a decentralized process spanning five phases, driven by the Namada community through the platform’s on-chain governance system. The announcement of this multi-phase roadmap was made by Namada’s co-founder, Adrian Brink, at AtomSeoul on April 1.

The initial phase of the proposed launch, known as the “Block Party,” will introduce on-chain governance and enable proof of stake. Users will have access to the genesis balances of Namada’s native token, NAM, allowing them to begin staking and participate in governance proposals. The progression to the second phase of Namada’s mainnet launch will be determined by a consensus among governance participants.

In the second phase, the “Staking Party,” users will be introduced to staking rewards for both delegators and validators. Additionally, funding for public goods will be enabled to support the growth of the Namada ecosystem, along with funding for public goods projects outside the ecosystem. Once again, consensus among governance participants will be required to proceed to phase three.

Phase three, the “Shielding Party,” will enable transfers and shielding of governance-enabled IBC (Inter-Blockchain Communication) assets. Users can begin shielding tokens within Namada’s unique multi-asset shielded pool, getting acquainted with the network’s data protection features. Similar to previous phases, a governance vote will determine the commencement of the next phase of the mainnet launch.

Introducing the fourth phase, the “Shielding Rewards Party,” will implement shielding rewards for governance-enabled assets, marking the industry’s first system designed to reward users for safeguarding their data. Users will be able to earn rewards for shielding assets, contributing to the enhancement of Namada’s data protection measures.

Finally, the fifth phase, the “NAM Party,” will enable NAM transfers. At this stage, the mainnet will have all key functionalities live, with a focus on expanding the unified shielded set.

Namada’s co-founder, Christopher Goes, expressed enthusiasm about sharing the proposed phases for the Namada mainnet launch with the community. He extended gratitude to participants in the Shielded Expedition incentivized testnet, highlighting their invaluable support. Goes emphasized the collaborative effort to progress towards providing data protection in the multichain landscape.

As an independent layer-1 platform, Namada caters to various blockchain networks, starting with the Cosmos and Ethereum ecosystems. The expansion of the Namada ecosystem will introduce multi-asset shielding features, offering top-tier data protection guarantees to any network and asset. This advancement will not only facilitate the development of dapps that safeguard users’ personally identifiable information but also retrofit data protection for existing transparent blockchains and dapps.

Currently in its public testnet phase, Namada is undergoing stress-testing by validators. Once this phase concludes, a genesis block proposal will be presented and deliberated within the community before progressing to the launch process. All critical decisions rest with the Namada community and will be executed through the platform’s built-in governance system.

About Namada

Namada stands as the shielded asset hub that rewards users for protecting the multichain. By providing complete control over the sharing of personal data in on-chain activities, Namada utilizes advanced ZK (Zero-Knowledge) cryptography to deliver unmatched data protection for existing assets, applications, and blockchain networks. Namada introduces shielded cross-chain interactions and passive rewards for holding assets within and strengthening its shielded set.

Learn more: https://namada.net/

Contact: Zach Cavanaugh Email: pr@anoma.foundation