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Luganodes X Namada: Ensuring Privacy for All

The Shielded Multichain

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Published on

2 Dec, 2024

Introduction

Luganodes is proud to announce our partnership with Namada, a cutting-edge blockchain project that offers multichain data protection through innovative zero-knowledge proof (zk-SNARKs) technology. As a validator, we’ve supported the project since its early testnet stages and are now eagerly anticipating the mainnet launch. With Namada’s focus on privacy, security, and multichain compatibility, this partnership strengthens our commitment to ensuring secure, privacy-focused blockchain solutions for the decentralized ecosystem.

Namada: Shielded Multichain

Namada is a Proof-of-Stake (PoS) blockchain designed to provide multichain, asset-agnostic data protection. Utilizing advanced cryptography, Namada enables shielded transfers for any asset—whether fungible or non-fungible—across various chains. Namada’s most notable innovation is its Multi-Asset Shielded Pool (MASP), which allows all assets to share a common shielded set. This means transferring assets like ATOM, ETH, NFTs, or Namada’s native token, NAM, is indistinguishable from one another, significantly enhancing user privacy.

Users also benefit from shielded set rewards, incentivizing them to contribute to the shared shielded set and enhancing privacy across the network. With the ability to shield assets from multiple chains through IBC (Inter-Blockchain Communication) and an Ethereum bridge, Namada ensures that privacy becomes a standard for all assets, regardless of the chain they originate from.

Namada Architecture

At the core of Namada’s architecture is its advanced cryptographic design, which powers its privacy features and ensures high-level security. The project employs CometBFT (a Byzantine Fault Tolerance algorithm) for consensus, ensuring fast-finality with blocks confirmed in as little as four seconds. This quick finality enhances both the user experience and network security.

Namada’s PoS mechanism, known as Cubic Proof-of-Stake (CPoS), brings innovative slashing techniques to the network. Cubic slashing penalizes validators more severely if multiple validators commit infractions simultaneously, encouraging greater decentralization and diversity in validator infrastructure. It also integrates with the IBC protocol, allowing it to seamlessly interact with other IBC-compatible chains in the Cosmos ecosystem.

Additionally, it offers governance through on-chain proposals where NAM holders can vote on network upgrades or changes. Its public-goods funding mechanism supports both retroactive and continuous funding, ensuring long-term growth and sustainability of the ecosystem.

To support seamless cross-chain interactions, Namada has developed an Ethereum bridge. This bridge allows assets to flow freely between Ethereum and Namada, leveraging the shielded set for enhanced privacy while maintaining Ethereum’s robust ecosystem.

Luganodes X Namada

Luganodes has been a key partner in supporting Namada’s journey from its early testnet phases to its upcoming mainnet launch. As validators, we have ensured that the decentralized infrastructure runs smoothly and securely, offering our institutional-grade security and operational excellence. Our involvement with their team aligns with our vision of enabling secure and privacy-enhanced blockchain solutions across multiple chains.

With the mainnet launch on the horizon, we are excited to continue providing high-performance validation services for Namada. We will be actively participating in securing the network, processing transactions, and supporting shielded transfers for both fungible and non-fungible tokens.

Conclusion

The partnership between Luganodes and Namada marks a significant step forward in bringing privacy to multichain ecosystems. Namada’s unique combination of advanced cryptography, shielded transfers, IBC support, and Ethereum bridging positions it as a key player in the future of decentralized finance and privacy protection.

As Namada prepares for its mainnet launch, Luganodes will continue to play a vital role in ensuring the security, scalability, and privacy of the network. We are excited about the future of this collaboration and remain committed to supporting Namada’s mission of providing privacy as a public good in the blockchain space.## Introduction

Luganodes is proud to announce our partnership with Namada, a cutting-edge blockchain project that offers multichain data protection through innovative zero-knowledge proof (zk-SNARKs) technology. As a validator, we’ve supported the project since its early testnet stages and are now eagerly anticipating the mainnet launch. With Namada’s focus on privacy, security, and multichain compatibility, this partnership strengthens our commitment to ensuring secure, privacy-focused blockchain solutions for the decentralized ecosystem.

About Luganodes

Luganodes is a world-class, Swiss-operated, non-custodial blockchain infrastructure provider that has rapidly gained recognition in the industry for offering institutional-grade services. It was born out of the Lugano Plan B Program, an initiative driven by Tether and the City of Lugano. Luganodes maintains an exceptional 99.9% uptime with round-the-clock monitoring by SRE experts. With support for 45+ PoS networks, it ranks among the top validators on Polygon, Polkadot, Sui, and Tron. Luganodes prioritizes security and compliance, holding the distinction of being one of the first staking providers to adhere to all SOC 2 Type II, GDPR, and ISO 27001 standards as well as offering Chainproof insurance to institutional clients.

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