Manta Network (MANTA) is an innovative blockchain platform that focuses on providing privacy and scalability solutions for decentralized applications (dApps) on Ethereum. It achieves this through the use of zero-knowledge proofs, a cutting-edge cryptographic technique. Manta Network is notable for its two distinct layers:
1. Manta Pacific (Layer 2 on Ethereum)
This layer is designed for Ethereum Virtual Machine (EVM)-native Zero-Knowledge (ZK) applications. It uses Celestia for data availability and zkEVM for scalability, offering features like Universal Circuits to simplify the development of ZK applications using Solidity. Manta Pacific is known for its modular structure, which aids in scalability and maintaining low gas fees.
2. Manta Atlantic (Layer 1 on Polkadot)
This layer focuses on ZK compliance credentials and introduces zkSBTs (Zero-Knowledge Simple Barter Tokens), enabling a private, reusable, and auditable address system known as zkAddresses. Manta Atlantic is recognized for its interoperability capabilities, facilitating smooth interactions with other projects.
Manta Network stands out for its modular approach, which helps in reducing gas fees and providing a fast infrastructure. It's designed to be developer-friendly and app-agnostic, allowing developers flexibility across chains and environments, including mobile apps. Manta Network's technology is suitable for a wide range of applications, from DeFi to gaming to social apps.
In terms of its economic model, Manta Network has introduced a new approach in the Layer 2 Ethereum ecosystem, focusing on advanced yield generation. This model includes diversified yield sources, strategic partnerships, token rewards, and an engaging NFT framework.
