The Anoma Foundation Announces Namada Mainnet at Korea Blockchain Week

Seoul, South-Korea Sept. 6, 2023 – Blockchain technology non-profit the Anoma Foundation today announced its plans for the Namada mainnet. The announcement was made by Namada co-founder Awa Sun Yin at Korea Blockchain Week in Seoul. 

Namada operates as a Layer-1 blockchain protocol with a focus on asset-agnostic privacy across multiple blockchains. One of Namada's key differentiators is its cutting-edge use of zero-knowledge cryptography that allows for a singular shielded set that accommodates any fungible or non-fungible assets from Ethereum or Cosmos chains, thereby preserving the sanctity of multichain transactions. 

Unique in its approach, Namada transcends conventional limitations by introducing composable privacy. This feature enables the seamless retrofitting of privacy elements to existing assets, decentralized applications, and even entire blockchain networks—without requiring alterations to their inherent structures. Even when users are interacting with transparent chains or decentralised applications that lack native privacy features, Namada ensures that user privacy remains uncompromised. This high level of privacy integration is accomplished through "shielded actions," an innovative feature that allows for confidential interactions across an array of platforms and applications.

"The lack of privacy in crypto is becoming an existentially threatening centralization point," said Awa Sun Yin, co-founder of Namada. "In recent years, we've seen large improvements in cryptography, combined with a more mature and growing multichain landscape – making it possible to make the best privacy accessible for any user. At this point, making privacy practical for anyone in crypto is no longer rocket science – it's a matter of prioritization."

Heliax, the blockchain research and development firm behind both Anoma and Namada, has achieved noteworthy milestones, including the coordination of the largest trusted setup ceremony to date, engaging a whopping 2510 participants as of December 2022. Namada has also successfully navigated rigorous public testnets, drawing the attention and participation of over 200 institutional and independent validators. 

Additional information concerning Namada's official launch, roadmap to mainnet, token economics, and genesis proposal will be disclosed in the near future.

About Namada

Namada is a proof-of-stake L1 for asset-agnostic interchain privacy. Namada's innovations include shielded transfers for any type of asset (fungible and non-fungible), providing one unified shielded set to offer the best privacy guarantees for every individual user. Namada connects to IBC-enabled chains and to Ethereum through a custom two-way trustless bridge. Other features of Namada include "privacy as a public good," where the protocol rewards users that contribute to privacy.

Learn more: https://namada.net/