Tari, a new layer-1 blockchain focusing on privacy, launched its mainnet recently. Founded by former Monero developers, it aims to offer an easier onboarding process and confidential transactions by default. Users can mine XTM and engage through the Tari Universe app, which provides features like sending tokens and earning rewards. Self-identified as a safer alternative, the network seeks to create a secure environment free from surveillance.
A new layer-1 blockchain named Tari has officially launched its mainnet, focusing on privacy and the accessibility of mining. It was built by a team of former Monero developers and debuted after a testnet launch back in September 2024. In a landscape dominated by giants like Bitcoin and Ethereum, Tari aims to stand out with a different vision. As Tari contributor Naveen Jain put it, traditional chains often overlook critical elements for success in cryptocurrency.
Jain expressed dissatisfaction with existing blockchain systems, arguing they come with significant barriers to entry and intrusive surveillance mechanisms. Tari’s design prioritises user experience, boasting a three-step onboarding process to get users on the chain. Plus, it operates on a ‘confidential by default’ principle, which means transaction amounts and addresses will remain hidden on the blockchain. Jain highlights that this anonymity protects users from scrutiny and potential threats while enhancing the overall user experience.
It’s a necessary move, especially when the transparency of blockchains can lead to unwanted attention for users. This issue is particularly pressing with physical attacks against cryptocurrency holders becoming increasingly common; according to a database maintained by Bitcoin security expert Jameson Lopp, there have been 21 such incidents reported this year alone. Jain explained that existing “surveillance blockchains” expose detailed financial information, raising questions about user safety.
Since the testnet launch, Tari has attracted over 700,000 participants in its airdrop programme, along with nearly 100,000 miners using its Tari Universe app designed for Mac and PC. The app enables users to engage with the proof-of-work mining process while offering functionalities like sending and receiving the native XTM token. In addition, users can earn rewards by inviting new members to join the network.
Looking ahead, Tari is set on creating a diverse ecosystem of decentralised applications and protocols. Jain believes that as the mining base expands and new features like a layer-2 solution and an app store are introduced, developers will be eager to create applications within the Tari framework. At its core, Tari aims to reward genuine contributors to the network rather than outside opportunists or bots. Jain envisions a financial system that doesn’t reflect dystopian views depicted in George Orwell’s “1984” or films like “Minority Report”.
Tari is not just about cryptocurrency; it’s a vision for a secure and anonymous financial future. By cultivating a safe environment for users, the platform intends to revolutionise how people engage with digital assets and ensure they have the freedom to operate without the watchful eye of external forces.
