Technology / Development History
It began with some of the top computer scientists and financial experts in the world
The Big Idea
In 2015, an anonymous group of early bitcoin enthusiasts and experts from world-class institutions including MIT, Columbia University, Carnegie Mellon, New York University, University of Chicago, and Goldman Sachs who specialize in fields including economics, monetary policy, cryptography, and computer science came together to discuss the largest barriers to mainstream crypto adoption for long term holding. This group later became the ndau Collective. The ndau Collective identified 23 different issues with cryptocurrencies today, and highlighted three key issues that needed a solution: volatility, dependability, and governance. The ndau collective believed these were the three largest barriers to using crypto as a long term store of value for both institutions and individuals.
Creation of ndau
The Axiom Foundation was subsequently established as the creator of ndau and contracted Oneiro to build the software envisioned by the ndau Collective. Using venture capital funding provided by COSIMO Ventures, Oneiro has been developing the native blockchain and tools that are necessary for ndau’s decentralized ecosystem, with a seasoned leadership team and ambitious roadmap that continues to be guided in-part by the ndau Collective.
Nearly $17M of ndau was sold to accredited investors based on the merits and principles of the project, prior to the launch of ndau on its first exchange. ndau did not pursue an ICO or IEO.
selected Tendermint PoS consensus
ndau TestNet is live
security audit by Trail of Bits completed
ndau wallet app v1.0
ndau MainNet beta
ndau MainNet is live (Genesis)
inaugural Blockchain Policy Council delegate election
launch on first exchange
ndau wallet app v2.0