Namada

Hello everyone, I recently got acquainted with the and I want to tell you more about it Namada is a proof-of-stake L1 for interchain asset-agnostic privacy. Namada interoperates with fast-finality chains via IBC and with Ethereum via a trustless two-way bridge.

In simple words, with the help of the Anoma protocol, you can privately transfer your tokens and NFTs between platforms (exp. Ethereum or IBC network). You can transfer your Atom or ETH between networks with a transaction delay of several seconds and almost zero commission.

It’s crazy how much you can tell by simply looking at addresses, values, time stamps, interaction graphs, usage patterns, or simply by mapping pseudonyms to the OSINT data (trivial, particularly if people use NFTs as their twitter profile).

Many users don't understand the value of sensitive data and easily share it, but the problem is that this data can be used for personal gain.

If there’s data, it is/will be leveraged by someone. That it hasn't happened yet is simply an indicator that the data-market fit hasn't come yet.

One of the key properties of Namada is that all assets will be sharing one anonymity set. This feature allows us to move away from the per-asset shielded set, which can significantly weaken the privacy guarantees specially when the asset has a low transaction volume -->

and/or high value; it also allows us to create a way larger anonymity set, as any fungible and non-fungible assets across all sovereign chains and platforms can be sharing the same shielded set.vertically integrated protocol with the purpose of providing a few-second latency and near-zero fees at the protocol level, but also a seamless user experience with an integrated browser-based interface.

will also be an experiment on the cryptoeconomics front, as it will come with rewards for users of the shielded set.

Shielded transfers with ETH, ERC20, NFTs and ATOM on Namada

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Thus, is a new step in protecting your personal data. The new stage of WEB development requires new privacy solutions and the Namada team solves this problem.