A new layer-1 blockchain focused on privacy and mining access is now live with the launch of Tari Mainstet.
Led by a group of former Minero Developers, Tari’s Mavet follows the The test network launch of the network in September 2024Placing in a busy field of Layer-1 networks with heavyweights such as Like Bitcoin” EthereumAnd Solana. But the developers see Tarari differently than the peloton.
“Our hot take: existing chains miss important ingredients that are needed to succeed in becoming the basis of a new global financial system,” Tari assisted Naveen Jain DecryptWith reference to the difficult onboarding and “1984 level surveillance systems” that he believes is present in other networks.
(Disclosure: Tari employee Naveen Jain is an investor in Dastan, Decrypts parent company.)
Tari wants to improve these shortcomings by taking what the developers say is the easiest onboarding experience of crypto, which only requires three steps to become a user in the chain. And by being confidential as standard, the network automatically hides transaction amounts and the addresses of the sender and recipient on-chain.
“By keeping transactions and balances confidential, users are kept safe,” said Jain. “No external can monitor, profile or follow their financial behavior. Protecting users is an important part of creating a world -class user experience.”
“For developers, building on a standard confidential system means that they can be more owned by their user base,” he said. “For end users it is about safety and freedom.”
Although often announced as a positive one, the transparency of blockchain can have his head behind in negative ways if an Accountaldi are immediately available to everyone to see, possibly unwanted attention from malignant actors. PHysical attacks on holders of digital assets have increased, with a database built by Jameson Lopp, the co-founder and CTO of Bitcoin security company CASA, presentation of 21 of such attacks This year alone –Including one last week.
“Standard surveillance block chains create a world where everyone can see how much money you have, and your entire transaction history from the beginning of time,” said Jain. “Why would they use a system that makes them objectively less safe and does not correspond to their understanding of how financial systems work in the non-Crypto world?”
Since his test network launch in September, the company claims that it has collected more than 700,000 participants in its Tari AirDrop program and nearly 100,000 test networks with the help of the Tari Universe app. Users can participate with the Mac and Windows app and the work of work Mining process.
On the first day, users can, via Tari Universe, send or receive the Native XTM to the network and earn rewards by inviting their friends to become a member of the network. And in the future, the Tari ecosystem wants to organize a robust series of decentralized protocols and applications.
“As the Tari Miner Base grows, and the native Tari Layer-2 and App Store launches, we believe that developers would rather build new apps on Tari versus other chains,” said Jain Decodeer.
“The purpose of the Tari network is to reward users who secure the hard work of securing the network, not bots, ‘columns’ or airdrop farmers,” he said. “And the purpose of the network is to enable them to lead their lives in joyful anonymity. We reject the idea that the future financial system should look like something from ‘1984’ or ‘Minority Report’.”
Published by Andrew Hayward