Manta Network is a modular blockchain ecosystem designed for zero-knowledge (ZK) applications, focusing on enhancing user privacy and scalability. It consists of two primary networks: Manta Pacific, a Layer 2 solution on Ethereum for scalable ZK applications, and Manta Atlantic, a Layer 1 chain on Polkadot for programmable identities and credentials.
Manta Network operates through a layered structure, leveraging zero-knowledge proofs to maintain privacy and scalability.
Manta Pacific (Layer-2 on Ethereum): This platform supports EVM-native ZK applications, utilizing Celestia for data availability to minimize network fees. It batches user transactions to enhance efficiency and pays a portion of transaction fees to Ethereum validators.
Manta Atlantic (Layer-1 on Polkadot): Provides programmable identity solutions via zero-knowledge Soulbound Tokens (zkSBTs), ensuring privacy and secure cross-chain data operations.
Manta Network employs a Nominated Proof of Stake (NPoS) model to secure the network, optimizing validator selection through stakeholder delegation.
Manta Network's use cases are varied and span multiple industries, leveraging zkSBTs for privacy and zero-knowledge technology for secure data handling:
Founded in 2020 by Victor Ji, Shumo Chu, and Kenny Li, Manta Network has pursued improvements in privacy and performance within blockchain technology. Key milestones include:
These developments underscore Manta Network's commitment to facilitating private, scalable blockchain solutions.
The Manta Network price is $1.8268 AUD, representing a +9.2% from the day prior.
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The trading volume of Manta Network (MANTA) is $102.6M AUD in the last 24hrs, representing a +9.2% from the day prior.
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The current market cap of Manta Network (MANTA) is $695.3M AUD.
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The current circulating supply of Manta Network (MANTA) is 384.5M.
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