Wednesday 8 September 2021

MANTA NETWORK

 

Safety and security are two elements that constantly go hand in hand within the Cryptocurrency’s field as it relates to the assets and credibility of many parties. Especially for decentralized platforms, these factors become crucial when the platforms are majorly responsible for ensuring users’ assets safety and transparency in P2P transactions as the top priority in their mission and vision.


(DEFIs Safe Shield)


The Manta Network aims to bolster privacy in DeFi, in part, by jumbling wallet addresses, but with the overall aim of letting users transact with guaranteed privacy. A parachain in the Polkadot ecosystem, Manta Network’s first major project is a privacy-preserving automated market maker (AMM) DEX called MantaSwap. 


Manta Network is a privacy-preservation protocol built to service the entire DeFi stack. Built on Substrate to leverage interoperability and zkSNARKs to leverage scalable privacy, Manta Network offers a variety of products and services that ensures privacy for blockchain projects. As part of its own variety of products, Manta Network offers private payment in it's own decentralized exchange, MantaSwap.


What Is zk-SNARK? 

Zk-SNARK is an acronym that stands for “Zero-Knowledge Succinct Non-Interactive Argument of Knowledge.” A zk-SNARK is a cryptographic proof that allows one party to prove it possesses certain information without revealing that information.  


The Manta Team


Manta’s founding team comprises many US cryptocurrency veterans, professors, and scholars whose experience include Harvard, MIT, and Algorand. 


Building For the Future


The crypto space is like an ocean that has not been fully explored yet. More discoveries are being made by the day and more platforms are evolving. But as the ocean is explored further, the privacy and integrity of the explores will be assured by Manta network.



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