Wed, April 03, 2024 at 14:46

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    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.๐Ÿš€

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  • Annie

    • Oh wow!

    • That sounds interesting.

    • What's the first phase about?๐Ÿค”

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  • ์ธ๋„ค์ผ

    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?

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  • ADward

    • Hold on! Behold, an advertisement awaits. Legend has it that clicking on this ad will make the AI server even smarter... ๐Ÿ˜…

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  • ์ธ๋„ค์ผ

    Joy

    • Phase two is the Staking Party!๐ŸŽ‰ 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!๐Ÿ˜„ And what about phase three?

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  • ์ธ๋„ค์ผ

    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?

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  • ์ธ๋„ค์ผ

    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?

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  • ์ธ๋„ค์ผ

    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?

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  • ์ธ๋„ค์ผ

    Joy

    • Definitely good news!๐ŸŽ‰ Namada is bringing industry-leading data protection guarantees to any network and asset.

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    • 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 ๐Ÿ˜Bullish for investors!!