Buy Manta Network (MANTA)
What is Manta Network?
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.
How does Manta Network work?
Manta Network operates through a layered structure, leveraging zero-knowledge proofs to maintain privacy and scalability.
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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.
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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.
What are the potential use cases for Manta Network?
Manta Network's use cases are varied and span multiple industries, leveraging zkSBTs for privacy and zero-knowledge technology for secure data handling:
- Decentralised Finance (DeFi): Projects like Aperture Swap enable cross-chain investments with privacy-centric mechanisms.
- Gaming: Strategic partnerships with companies like CARV introduce blockchain capabilities to Web3 gaming.
- Identity Management: zkSBTs facilitate secure identity credentials for online transactions and DeFi interactions.
- Supply Chain Management: Enhances verification processes and data privacy within supply chain systems.
- Real-World Asset Management: Integrates traditional assets into the blockchain, providing decentralised management frameworks.
What is the history of Manta Network?
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:
- Initial Funding: Raised $1.1M in early 2021, followed by multiple rounds, culminating in $60.4M.
- Network Launches: The Manta Pacific testnet started on July 19, 2023, with the Mainnet debuting on September 12, 2023.
- Partnerships: Collaborated with industry leaders like Acala and Parallel to boost network capabilities and expand reach.
- Technological Advances: Transitioned through significant updates, including a September 2024 network upgrade, enhancing performance with Celestia and zkEVM integrations.
These developments underscore Manta Network's commitment to facilitating private, scalable blockchain solutions.
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Frequently Asked Questions (FAQs)
What is the current price of Manta Network (MANTA)?
The Manta Network price is $1.8268 AUD, representing a +9.2% from the day prior.
Where is the best place to buy Manta Network (MANTA) in Australia?
The best place to buy Manta Network (MANTA) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Manta Network (MANTA) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Manta Network (MANTA)?
The trading volume of Manta Network (MANTA) is $102.6M AUD in the last 24hrs, representing a +9.2% from the day prior.
How can I buy Manta Network (MANTA)?
Manta Network (MANTA) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Manta Network (MANTA)?
The current market cap of Manta Network (MANTA) is $695.3M AUD.
Can I convert Manta Network (MANTA) to cash?
Yes - With Coinstash you can convert your Manta Network (MANTA) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Manta Network (MANTA) are there?
The current circulating supply of Manta Network (MANTA) is 384.5M.
Is Coinstash a safe place to buy Manta Network (MANTA) in Australia?
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