The Anoma Foundation is demonstrating its commitment to the cause of digital privacy by incentivizing and rewarding contributions to the Namada Community Builders Program.
In an exciting development for the blockchain community, Switzerland-based blockchain non-profit Anoma Foundation has announced its support for Namada, a multichain privacy protocol, by launching a Community Builders Program.
Namada’s Community Builders Program
The Community Builders Program launched by Namada is a significant step toward its goal of achieving privacy and security in public blockchains. This program is centered on engaging the broader blockchain community in building and strengthening the Namada ecosystem.
It encourages developers, enthusiasts, and advocates to contribute their skills and knowledge to improve privacy features and promote adoption. By participating in this program, individuals have the opportunity to collaborate, share their knowledge, and contribute towards the development of enhanced privacy solutions for the blockchain ecosystem.
Namada, a privacy-centric protocol built on the Cosmos Network, distinguishes itself in the world of blockchain technology by offering asset-agnostic privacy across multiple blockchains. It achieves this feat through the application of zero-knowledge cryptography, which allows transactions to occur with anonymity and confidentiality, even in a public blockchain environment.
This enhancement is a major step forward in ensuring the privacy and security of digital transactions, especially as blockchain technology becomes more mainstream and integrated into various industries.
The emphasis on community-driven development is a significant feature of the Community Builders Program. The Anoma Foundation hopes to ensure that the protocol meets the needs and aspirations of its users by actively participating developers and enthusiasts in the evolution of the Namada ecosystem. This approach is consistent with the standard of blockchain technology, which emphasizes decentralization and community participation.
Incentives and Rewards
The Anoma Foundation is demonstrating its commitment to the cause of digital privacy by incentivizing and rewarding contributions to the Namada Community Builders Program. A total of 10,000,000 Namada tokens (NAM) will be exclusively allocated to select participants, marking a significant step in acknowledging the importance of privacy in blockchain technology.
To signify the foundational impact of the NAM token allocation, it will be encoded into the genesis block of the Namada blockchain, a symbolic act reflecting the commitment of the community to digital privacy.
As part of the Community Builders Program, a Retroactive Public Goods Funding (RPGF) Round is scheduled for November 20 to 26. During this round, Namada community members will have the opportunity to vote on and reward early contributors who have made substantial contributions to the project’s core objectives. This is a unique opportunity for those who have played a vital role in the development of the Namada protocol to receive recognition and rewards before the mainnet launch.
Furthermore, Namada incorporates a range of mechanisms designed to support initiatives that promote privacy as a public good. These mechanisms include Shielded Set Rewards, Continuous Public Goods Funding (CPGF), and a Public Goods Funding (PGF) feature that allows governance-elected stewards to fund public goods across various domains.
Benjamin Godfrey is a blockchain enthusiast and journalist who relishes writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.
