 | NamadaNamada is a Proof-of-Stake layer 1 protocol for asset-agnostic, interchain privacy. Namada is Anoma’s first fractal instance and is currently being developed by Heliax, a public goods lab. Namada Public Testnets Announcing IMPORTANT: By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice. |
Overview
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OpenWhat is Namada
Namada is Anoma's first fractal instance, a first step towards the multi-chain vision of homogeneous architecture, heterogeneous security.
Namada is a sovereign proof-of-stake blockchain, using Tendermint BFT consensus, that enables multi-asset private transfers for any native or non-native asset using a multi-asset shielded pool derived from the Sapling circuit. Namada features full IBC protocol support, a natively integrated Ethereum bridge, a modern proof-of-stakesystem with automatic reward compounding and cubic slashing, a stake-weighted governance signalling mechanism, and a proactive/retroactive public goods funding system. Users of shielded transfers are rewarded for their contributions to the privacy set in the form of native protocol tokens. A multi-asset shielded transfer wallet is provided in order to facilitate safe and private user interaction with the protocol.
Key innovations include:
- ZCash-like transfers for any assets (fungible and non-fungible)
- Rewarded usage of privacy as a public good
- Interoperability with Ethereum via a custom bridge with trust-minimisation
- Vertically integrated user interfaces
Overview of features:
- Proof-of-Stake with governance to secure and evolve Namada
- Fast-finality BFT with 4-second blocks
- Near-zero fees
- Trustless 2-way Ethereum bridge via IBC implementation on ETH
- IBC bridges to chains that already speak IBC (all Cosmos chains)
- MASP
- Convert Circuit (shielded set rewards)
- A reference interface
- Ledger application
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