About NamaChain
Our vision is to create globally connected smart communities in which everyone, particularly the underserved urban and rural populations, can participate and achieve prosperity.
We are a core Web3 technology company driven by the goal of making the future web performant with security at the forefront. We build technologies to lead decentralization on the web but in a balanced and sustainable way so that unprecedented usability and security are achieved.
What are we building?
We advocate the power of blockchain and web decentralization. They are the enablers in creating globally connected smart communities where everyone, particularly the underserved urban and rural populations, can participate and achieve prosperity.
But what bothers us is the adoption curve. Loss of usability because of networks’ over decentralization, performance at the cost of security, and skill gaps among end-users are the key obstacles hampering Web3 mass adoption.
We bring in the solution by implementing balanced decentralization that converges the usability of Web2 with the ownership and integrity benefits of Web3.
NAMACHAIN ECOSYSTEM OF TECHNOLOGIES AND SOLUTIONS
Protocol1
Decentralization balanced with usability and security
We have launched a multi-layered Web3 platform for developers to build future systems with integrity, security and privacy. It is the first to be built with on Partner-PoS blockchain, with disruptive key management practices.
NamaConnect
Converging the efficiencies of Web2 and Web3
We have built a security and privacy prioritized global identity platform powered by Protocol1. It makes identity verification, authentication and Web3 onboarding seamless for both service providers and end-users.
What problems are we striving to resolve?
Over-decentralization
Properly decentralized networks are a barrier against corruption, however, they are inherently difficult to improve due to challenges with collaboration.
Low performance
Decentralization comes at a cost of performance. Particularly because orchestration and optimization are not possible in a network where anyone from anywhere is be allowed to participate.
Low Usability
Developing apps and dApps on most layer 1 protocols is complicated because they are not intuitive to use or easy to understand.
High Cost
Performance issues on Public networks significantly increase the transaction fees and processing times, making them expensive.
How are we resolving the blockchain problems?
Balanced Decentralization
Our first ever introduced Partner PoS blockchain balances authority and decentralization.
Great usability
WASM smart contracts in Protocol1 allow virtually any functionality feasible on Protocol1.
Co-ordinated
Partners are non-anonymous. This allows them to better organize themselves for network optimization.
High performance
Partner PoS network has high transaction performant; no layer 2 scaling solutions are needed.
Low cost
The cost per transaction is very low, just ~ 0.0001 PRO1.
Maintainable
Easier to make software and network upgrades compared to other typical decentralized networks.