Namada launches mainnet with shielded cross-chain transactions, staking, governance, and data protection features

From Investing.com

December 3, 2024 11:00 am:

Namada has launched its mainnet, allowing shielded cross-chain transactions with staking and governance capabilities. The Multi-Asset Shielded Pool (MASP) protects user data and enables selective disclosure, promoting individual control and privacy. Namada’s unique features include shielding rewards, shielded actions, on-chain governance, Public Goods Funding, and Cubic Proof-of-Stake mechanism for network security. The launch is fully decentralized, with the Anoma Foundation supporting but not controlling the platform.

Namada’s mainnet launch is a significant achievement for the community, offering data protection and selective disclosure capabilities for users engaging in cross-chain transactions. The platform introduces innovative features such as shielding rewards, shielded actions, on-chain governance, Public Goods Funding, and Cubic Proof-of-Stake mechanism. The launch process is community-driven, ensuring transparency and decentralized governance over the network’s evolution.

Namada’s mainnet launch marks a crucial step towards offering comprehensive data protection and selective disclosure in cross-chain transactions. The platform introduces shielded cross-chain interactions, shielding rewards, on-chain governance, Public Goods Funding, and Cubic Proof-of-Stake mechanism for enhanced network security. The decentralized launch process empowers the community to drive the platform’s evolution and governance.

Read more at Investing.com: Namada Launches Mainnet, Introducing Shielded Cross-Chain Transactions By Chainwire