Namada is an L1 project based on Proof-of-Stake that aims to provide asset confidentiality across blockchains. The Namada protocol focuses on specific components that enable secure transfers of any tokens, regardless of the platform they are created on. With Namada, you can transfer your ETH, DAI, or any other assets with transaction latency of just a few seconds and almost zero transaction fees.
Installation and first month payment - $55 per unit. Subscription cost - $30 per month.
Active validators already support a node in the blockchain
17,000+
The number of active participants and followers in the project's Twitter account.
About Namada
Namada initially interacts with blockchains through IBC and Ethereum using a bilateral bridge that does not require additional confirmation. To ensure confidentiality, Namada utilizes an enhanced version of the Multi-Asset Shielded Pool (MASP) scheme, allowing all assets (fungible and non-fungible) to share a common shielded pool. As a result, the transfer of CryptoKitties becomes indistinguishable from the transfer of ETH, DAI, ATOM, OSMO, NAM (Namada's native asset), or any other asset on Namada. The latest update to the MASP scheme also enables the use of the shielded pool for rewards - a new feature that funds privacy as a public good.
The reference implementation of the Namada protocol is developed in Rust by Heliax, one of the development organizations in the Anoma ecosystem. Namada is the first fractal instance of Anoma and the first step towards creating a multi-chain protocol with a homogeneous architecture and heterogeneous security.
Namada provides users with the following privileged features:
Asset-agnostic shielded transfers.
Fast generation of zero-knowledge proofs (ZKPs) on edge devices.
Low transaction latency and virtually zero fees.
Compatibility with IBC and a trustless Ethereum bridge.
Privacy as a public good.
92%
Twitter activity
The metric reflects the activity of the project's community on its official Twitter account.
95%
General rating
A rating above 80 is considered high and indicates good prospects for the project's profitability and the growth of its native token in the near future.
If you are planning to install Namada from source code, you will need to install some dependencies first, such as Rust, Git, Clang, OpenSSL, and LLVM.
After completing the installation, make sure that the bin Cargo directory ($HOME/.cargo/bin) is added to your PATH environment variable. You can either restart your shell to apply the changes or run the command `source $HOME/.cargo/env` to update the current shell and proceed.
If you already have Rust installed, ensure that you are using the latest version by running the command: rustup update
To install the remaining dependencies, follow these steps:
For Ubuntu, run the following command to install the required packages: sudo apt-get install -y make git-core libssl-dev pkg-config libclang-12-dev build-essential
For Mac, you will need to install the Xcode Command Line Tools to get most of the required components. Run the following command: xcode-select --install
This will prompt you to install the necessary tools. Follow the on-screen instructions to complete the installation.
Once you have installed all the necessary dependencies, you can clone the Namada repository and build it by following these instructions:
Clone the Namada repository using the following command: git clone https://github.com/anoma/namada.git
Navigate to the namada directory by running the command: cd namada
Then, execute the command `make install` to build and install Namada: make install
After this process completes, Namada will be installed and ready to use on your system.
Connect your Namada node for just $30 per month and receive well-deserved rewards.
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