Manta Network is a leading zk layer 1 blockchain platform that offers privacy-driven Web3 innovations. The platform is built on Substrate frameworks and includes a set of easy-to-use and secure protocols that are open source and auditable[2]. The platform's founding team comprises many US cryptocurrency veterans, professors, and scholars whose experience includes Harvard, MIT, Algorand, and other institutions[2].
Manta Network's protocols are designed to offer privacy to all crypto assets and fulfill the vision of the Network to be the privacy layer for Web3. The protocols include:
Decentralized Privacy Payment Protocol: MantaPay is a service that offers private payments between two parties, achieving its privacy by using Zero Knowledge Proofs (ZKPs) to guarantee the validity of a transaction without posting any private information to the blockchain[3].
Decentralized Privacy Token Exchange Protocol: Manta's underlying logic is to mint private coins/tokens with stable coins and other base tokens on the contract at a minting value ratio of 1:1. A decentralized private swap platform can support the exchange of these privacy tokens[2].
Decentralized Privacy Lending and Synthetic Asset Protocol: This protocol is yet to be developed in the future[2].
Manta Network uses Zero Knowledge Proofs (ZKPs) to enable privacy for all crypto assets. The kind of ZKP Manta uses requires some infrastructure, which is why the platform needs a trusted setup. A trusted setup is a process that ensures that the ZKP system is secure and cannot be compromised by an attacker[3].
Manta Network has achieved several milestones in its journey towards becoming the leader in the Polkadot ecosystem and the entire cryptocurrency market in terms of a privacy-protected decentralized platform[2]. Some of its achievements include:
Wave 1 Grants: Manta Network distributed its first wave of grants to three exceptional projects: Galxe, ReadON, and AsMatch. These projects have been selected as recipients of the Manta Grants Program for their groundbreaking use of Manta's zkSBT[1].
zkPioneers Series: Manta Network launched the zkPioneers series with Linea, providing on-chain private soul-bound tokens (zkSBTs) for private user identity[4].
Manta Pacific: Manta Network launched Manta Pacific, the modular ecosystem for ZK applications[5]. In conclusion, Manta Network is a privacy-driven Web3 platform that offers a set of easy-to-use and secure protocols based on Substrate frameworks. The platform's protocols are designed to offer privacy to all crypto assets, and its achievements demonstrate its commitment to becoming the leader in the Polkadot ecosystem and the entire cryptocurrency market in terms of a privacy-protected decentralized platform.
Official Link :
Official link :
Website : https://www.manta.network/
Twitter : https://twitter.com/MantaNetwork
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