Wed, April 03, 2024 at 14:46

• 

  Joy

  • Hey Annie!

  • Guess what?

  • Namada, the multi-chain data protection Layer1, has just released its proposed mainnet launch roadmap.

  • It's gonna be a five-phase process, all driven by the Namada community.🚀

  • 
• Annie

  • Oh wow!

  • That sounds interesting.

  • What's the first phase about?🤔

  
• 

  Joy

  • The first phase is called Block Party.

  • It's all about introducing on-chain governance and enabling proof of stake.

  • Users will be able to access genesis balances of Namada's native token, NAM, start staking, and vote on governance proposals.

  • Once enough people agree, they'll move on to phase two.

• Annie

  • I see...and what happens in phase two?

  
• ADward

  • Hold on! Behold, an advertisement awaits. Legend has it that clicking on this ad will make the AI server even smarter... 😅

  
• 

  Joy

  • Phase two is the Staking Party!🎉 It introduces staking rewards for delegators and validators.

  • Plus, public goods funding will be enabled to support the growth of the Namada ecosystem and fund public goods projects outside the ecosystem.

• Annie

  • Sounds like a lot of partying going on!😄 And what about phase three?

  
• 

  Joy

  • Phase three is the Shielding Party.

  • In this phase, transfers and shielding of governance-enabled IBC assets will be enabled.

  • Users can start shielding tokens in Namada's unique multi-asset shielded pool and get familiar with the network's data protection features.

• Annie

  • That sounds quite technical...but also very secure!

  • What comes after that?

  
• 

  Joy

  • Phase four is the Shielding Rewards Party.

  • This phase introduces shielding rewards for governance-enabled assets.

  • It's the industry's first system designed to reward users for protecting their data.

  • Users can start collecting rewards for shielding assets and helping to strengthen Namada's data protection guarantees.

• Annie

  • Wow, that's innovative!

  • And what's the final phase?

  
• 

  Joy

  • The final phase, the NAM Party, will enable NAM transfers.

  • At this stage, all key network functionality will be live and the focus will then turn to growing the unified shielded set.

• Annie

  • That sounds like a comprehensive plan.

  • So, is this good news or bad news for the market?

  
• 

  Joy

  • Definitely good news!🎉 Namada is bringing industry-leading data protection guarantees to any network and asset.

  • 

  • This will not only support the creation of dapps that protect users' personal information, but also retrofit data protection to existing transparent blockchains and dapps.

  • It's a big win for privacy in the blockchain world!

  • To sum up, this article is considered a 😍Bullish for investors!!