Privacy in General:

Privacy has become an increasingly important issue in recent years as we move more and more of our lives online. From our personal information to our financial transactions, the digital age has made it easier for our information to be accessed by others. This has led to concerns about privacy and the need for better ways to protect our data.

On Chain Privacy:

On-chain privacy is a concept that refers to the ability to protect the privacy of transactions on a blockchain network. Blockchain networks are designed to be transparent, which means that all transactions are visible to anyone on the network. However, this can be problematic when it comes to privacy, especially for financial transactions where individuals may not want their financial information to be publicly visible.

One solution to this problem is the use of on-chain privacy technologies, such as Manta Network.

Manta Network:

Manta Network is a privacy-focused decentralized finance (DeFi) platform built on Polkadot, a multi-chain interoperability protocol. Manta Network aims to provide users with complete privacy for their financial transactions by using a variety of on-chain privacy technologies.

One of the main technologies used by Manta Network is zero-knowledge proofs.

Zero-Knowledge Proofs:

Zero-knowledge proofs are a type of cryptographic protocol that allows two parties to prove that they know something without revealing what that something is. In other words, zero-knowledge proofs allow individuals to prove that a transaction took place without revealing any details about the transaction itself.

This is particularly useful for financial transactions, where individuals may not want their financial information to be publicly visible. By using zero-knowledge proofs, Manta Network is able to provide complete privacy for users while still maintaining the transparency and security of the blockchain network.