SCOOP: namada is planning the first ever shielded airdrop of its upcoming NAM token to all zcash holders. Namada and Zcash will also partner on various R&D projects. FrederickMunawa reports.
), the cryptocurrency native to privacy-focused blockchain Zcash, according to a release shared exclusively with CoinDesk.
This will be the first-ever direct airdrop to shielded ZEC holders – zcash users who choose to keep their transaction details private. They will not only be able to anonymously claim the NAM, but also receive more of it than transparent ZEC holders .and Zcash use zero-knowledge proofs , a type of cryptography, to verify transactions without revealing the sender, receiver or the transaction amount.
The Anoma Foundation, the organization behind Namada, says it’s targeting a May 2023 mainnet launch, after which the exact timing and mechanics of the airdrop will be finalized. The foundation also stewards Anoma, a separate privacy-preserving protocol.– a way of giving back to specific projects and communities such as Zcash, that have contributed to Namada's technology.
“They are giving to the entire Zcash community and ecosystem at once, in a credibly neutral way,” said Zooko Wilcox, CEO of Electronic Coin Company , creator of Zcash.to their respective communities for the purposes of collaborating on research and development. “Namada couldn’t have come into existence without the technical contributions and socio-economic program of the Zcash community,” said Christopher Goes, a board member of the Anoma Foundation.
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