Namada is a Proof-of-Stake (PoS) L1 project focused on interchain asset confidentiality.
The project emphasizes the ability of multiple components to conduct protected transfers of any type of tokens, regardless of the platform they were created on. Utilizing Namada, users can transfer their ETH, DAI, or any other assets (including NFTs from Ethereum, ATOM, OSMO, etc.) with a transaction delay of just a few seconds and virtually no commission.
Namada interacts with blockchain chains through IBC and Ethereum and uses an updated version of the Multi-Asset Shielded Pool (MASP) scheme, allowing all assets (fungible and non-fungible) to utilize a common shielded set. This means that the transfer of a CryptoKitty is indistinguishable from the transfer of ETH, DAI, ATOM, OSMO, NAM (Namada's native asset), or any other asset on Namada.
The project is developed by Heliax using the Rust programming language and is the first fractal example in the Anoma ecosystem. Namada represents a step towards the vision of a multi-chain protocol, assuming a unified architecture and diverse security.
Key advantages for users include shielded transfers independent of assets, fast ZKP generation on edge devices, support for over 100 active validators in the blockchain, and low transaction latency with virtually zero commission. Namada also ensures compatibility with IBC and a reliable Ethereum bridge, promoting confidentiality as a public good.
For more detailed information about the Namada project, you can visit the official website Namada.