namada

The privacy public chain Namada officially announced a vulnerability incident. The team is currently investigating the related issues and has contacted relevant parties for collaborative handling. If the operator behind this attack is a white hat hacker, we hope they will proactively contact the team to further understand the vulnerability situation and promote problem resolution.On-chain data shows that some ATOM assets related to the incident are suspected to have been transferred out to a Cosmos Hub network address via IBC (Inter-Blockchain Communication protocol). Approximately 228,517 ATOM funds related to that address were subsequently cleared within a few hours through IBC transfers and multiple withdrawal operations. Currently, that address has only a small remaining balance.

ChainCatcher news, according to The Block, the Cosmos-based privacy public chain Namada has announced that it has completed the final preparations for its mainnet deployment, introducing a composable privacy layer for decentralized applications. The trading of its native token NAM is scheduled to begin this week, coinciding with the mainnet launch.

ChainCatcher news, according to official sources, the privacy public chain Namada has announced the completion of the launch of its mainnet Phase 1, with staking and governance features now online.

ChainCatcher message, the privacy-focused Layer1 blockchain Namada has launched its genesis block and will decentralize the mainnet in five phases, each driven by community decisions through on-chain governance. The first phase has begun, and staking and governance functions are now live.Namada has released a community airdrop, with a total supply of 1 billion NAM tokens. Eligible wallets will receive NAM tokens, which can be immediately used for staking and governance. Staking rewards will be activated in the second phase. The transferability of tokens is expected to be enabled in the fifth phase within a few months.

ChainCatcher news, according to The Block, the Cosmos ecosystem privacy public chain Namada has officially launched its mainnet and initiated the first phase of decentralized deployment. The project is developed by Anoma Foundation and received $25 million in funding in May 2023.The core feature of the project is the "multi-asset shielded pool" technology, which allows users to hide asset details in DEX liquidity pools, enabling cross-chain privacy transactions. The project will be deployed in five phases, with the first phase opening up staking and governance functions.The total supply of NAM tokens is 1 billion, with the first batch of tokens having no lock-up period allocated to community members, early contributors, and future development plans. Anoma Foundation stated that it will not operate validation nodes to ensure that the network is fully controlled by the community. Eligible users can immediately receive NAM token airdrops and participate in staking and governance.

ChainCatcher message, Namada disclosed in a post on X that it will launch the first phase of its mainnet on December 3. Users will be able to stake NAM to validators and vote on on-chain governance proposals.According to RootData, Namada is a Layer 1 protocol that uses a proof-of-stake mechanism for asset-agnostic interchain privacy. Namada natively interoperates with fast finality chains through IBC and with Ethereum through a trustless two-way bridge.

ChainCatcher news, the privacy public chain Namada announced that the Anoma Foundation is launching the Namada delegation program, with applications now open and a deadline of October 31, 2024. This program will be used to delegate up to 50 validator nodes. Accepted validators will receive a 6-month delegation from the Anoma Foundation to help with the network's decentralization, stability, and security.

ChainCatcher message, the privacy public chain Namada posted on platform X that the genesis phase 1 will end at 5:00 AM Beijing time on September 17. In phase 2 (delegation), users can still create validators, but will not be able to edit or delete them.

ChainCatcher news, the privacy public chain Namada announced its proposed token economics, with a total supply of 1 billion NAM tokens, of which:32.0365% will be allocated to Anoma Foundation supporters;18.5192% will be allocated to early core contributors;17% will be used for protocol maintenance, R&D, ecosystem, and community development;16.1088% will be used for completed RPGF program public grants;16.3355% will be used for future RPGF program public grants.

ChainCatcher news, according to Decrypt, the multi-chain data protection Layer1 Namada has released its proposed mainnet launch roadmap, which reveals that the mainnet will be launched in five phases, driven in a decentralized manner by the Namada community through Namada's on-chain governance system:The first phase "Block Party" will introduce on-chain governance and enable proof of stake;The second phase "Staking Party" will introduce staking rewards for delegators and validators;The third phase "Shielding Party" will enable the transfer and shielding of governance-supported IBC assets;The fourth phase "Shielding Rewards Party" will introduce shielding rewards for governance assets;The fifth phase "NAM Party" will enable NAM transfers.It is reported that Namada is currently in the public testnet phase, during which validators are stress testing the network. Once completed, the genesis block proposal will be published and discussed by the community before entering the launch process.

ChainCatcher message, L1 network Namada community staff posted on platform X stating that the airdrop amount will vary based on the number of unclaimed airdrops, meaning the actual airdrop amount will be higher than the displayed amount. It is reported that the Namada airdrop started on December 8 and will end on December 28, 2023, targeting over 200,000 addresses, including 7,094 researchers and developers, 191,715 on-chain accounts, BadKids, and 2,510 contributors in the Namada trusted setup.

ChainCatcher news, according to The Block, the IBC-based PoS Layer1 privacy blockchain Namada has launched an incentivized testnet, offering a total supply of 3% token rewards to testnet users. The testnet event is called Namada Shielded Expedition, which is a multiplayer role-playing game that starts before the mainnet launch in early 2024. Users participating in the testnet can test the network consensus (CometBFT) algorithm and its resistance to Sybil attacks. Participants will take part in the asteroid mining competition, where they will be ranked based on the number of ROID (points) they accumulate, with 30 million NAM tokens to be distributed. The Namada testnet started running on January 15 and will continue until the end of the month.

ChainCatcher news, according to official sources, the privacy Layer1 protocol Namada has announced the launch of the Retroactive Public Goods Funding (RPGF) airdrop, inviting 7,094 researchers and developers, 191,715 on-chain accounts, BadKids, and 2,510 contributors from the Namada trusted setup to participate. This round of airdrop allocates a total of 65 million NAM tokens, accounting for 6.5% of the total supply.The airdrop starts today and will end at 17:00 Beijing time on December 28. Eligible participants can submit their accounts through the official airdrop page, and the submitted accounts will be included in the Namada genesis block proposal put forward by the Anoma Foundation, along with the corresponding NAM tokens. Once the Namada mainnet goes live, RPGF Drop participants will be able to access their submitted accounts directly on-chain.NAM is the native currency of the Namada network, used for securing, managing the protocol, utilizing privacy, and funding public goods.

ChainCatcher news, the privacy-focused Layer 1 protocol Namada has announced the launch of a community builders program. The first batch of participants will benefit from Namada's upcoming round of retroactive public goods funding (RPGF), which will allocate a significant amount of tokens to influential community builders.

ChainCatcher news, according to CoinDesk, the Anoma Foundation revealed at the Korea Blockchain Week that it plans to create a standalone blockchain for the privacy-focused Namada protocol, extending its private transaction capabilities to any DApp built on that network.It is reported that Namada is a privacy-focused blockchain protocol that uses zero-knowledge cryptography techniques, allowing users to transfer tokens and NFTs from the Ethereum or Cosmos networks without revealing their addresses or other on-chain records.

ChainCatcher news, focusing on multi-chain privacy, Layer1 blockchain Namada proposes to airdrop its upcoming Namada token NAM to holders of Zcash (ZEC). Among them, ZEC holders who choose to anonymously claim NAM will receive more airdrop than those who claim transparently.Both Namada and Zcash use zero-knowledge proof mechanisms to verify transactions without revealing the sender, receiver, or transaction amount.The Anoma Foundation, which is behind Namada, stated that the project will launch its mainnet in May 2023, after which the exact timing and mechanism of the airdrop will be finalized. The foundation is also responsible for managing the independent privacy-preserving protocol Anoma. (CoinDesk)