Namada Unveils Multi-Phase Mainnet Launch Roadmap, Empowering Community-Driven Blockchain Data Protection

Namada, a Layer-1 data protection project, has unveiled its proposed mainnet launch roadmap. The five-phase plan involves decentralized governance, proof-of-stake, staking rewards, asset shielding, and NAM token transfer enablement. The roadmap aims to bring industry-leading data protection guarantees to multiple blockchain networks and assets, empowering users and developers with control over their personal data.

Namada Unveils Multi-Phase Mainnet Launch Roadmap, Empowering Community-Driven Blockchain Data Protection

Zug, Switzerland, April 3rd, 2024

Multi-chain data protection Layer1 Namada has unveiled its comprehensive roadmap for the highly anticipated launch of its mainnet. The innovative network will be launched in a decentralized manner over five distinct phases, driven by the Namada community's active involvement through the on-chain governance system.

Decentralized Governance and Community-Driven Decision-Making

"We believe that the success of Namada lies in the hands of our dedicated community," stated Namada co-founder Adrian Brink, announcing the roadmap at the AtomSeoul event on April 1st. "Every aspect of our mainnet launch process will be guided by community consensus, ensuring that we remain responsive and aligned with the needs of our users."

Phase-by-Phase Rollout: A Gradual Approach to Mainnet Launch

The proposed mainnet launch roadmap consists of five distinct phases, each designed to introduce critical network functionalities in a logical and systematic manner:

Phase 1: Block Party

Initiating the mainnet launch process, Block Party lays the foundation for on-chain governance and introduces proof of stake. Users will gain access to genesis balances of Namada's native token (NAM), enabling them to stake their tokens and actively participate in governance decisions.

Phase 2: Staking Party

Expanding the staking capabilities, Staking Party introduces staking rewards for delegators and validators. This phase also establishes a Public Goods Funding mechanism, empowering the community to support the growth of the Namada ecosystem and fund projects that enhance its data protection capabilities.

Phase 3: Shielding Party

Shielding Party marks a significant milestone, enabling the transfer and shielding of governance-enabled IBC assets. Users will be able to protect their assets in Namada's multi-asset shielded pool, a first-of-its-kind solution that offers robust data protection guarantees.

Phase 4: Shielding Rewards Party

Rewarding users for their role in safeguarding the network, Shielding Rewards Party introduces shielding rewards for governance-enabled assets. This industry-leading system incentivizes users to participate in data protection and contribute to the strength of Namada's privacy-enhancing features.

Phase 5: NAM Party

NAM Party completes the mainnet launch process by enabling NAM transfers. With all key network functionalities live, Namada shifts its focus to fostering the growth of its unified shielded set, further enhancing the data protection capabilities of the multi-chain ecosystem.

Empowering Users to Protect Their Data in the Blockchain Era

"We are thrilled to share our proposed mainnet launch roadmap with the community," said Namada co-founder Christopher Goes. "Namada is committed to providing users with the tools and infrastructure they need to safeguard their data in the increasingly transparent world of blockchain technology."

Versatile Layer-1 Solution for Multi-Chain Data Protection

As an independent Layer-1, Namada offers its advanced data protection capabilities to a wide array of blockchain networks, starting with the Cosmos and Ethereum ecosystems. The platform's multi-asset shielding capabilities will extend industry-leading data protection guarantees to any network or asset, enabling the development of dApps that prioritize user privacy.

Community-Driven Public Testnet and Upcoming Genesis Block Proposal

Namada is currently in its public testnet phase, during which validators are actively stress-testing the network's infrastructure. Upon completion of testing, a genesis block proposal will be published for community discussion and approval, setting the stage for the decentralized launch process.

About Namada

Namada is a groundbreaking shielded asset hub that empowers users to protect their privacy in the multichain landscape. By leveraging advanced ZK cryptography and a decentralized governance system, Namada ensures unparalleled data protection for existing assets, applications, and blockchain networks. The platform introduces shielded cross-chain interactions and passive rewards for holding assets in and strengthening its shielded set.

Media Contact

Zach Cavanaugh
pr@anoma.foundation