What is Manta Network? What does it do?

kP4P...jach
18 Jan 2024
36

Manta Network is an innovative project developed to address challenges in privacy, scalability, and cross-chain integration within blockchain technology. The platform aims to provide users with the ability to securely and privately transfer assets while enhancing interoperability across various blockchain networks.

Key features of Manta Network include:

Privacy-Focused Design: Manta Network employs zero-knowledge proofs and other privacy technologies to keep users' financial transactions confidential, ensuring the protection of personal data.

Cross-Chain Asset Transfer: The platform enables the transfer of assets between different blockchain networks. Users can securely move and transact their assets across various blockchains through Manta Network.

Scalability Solutions: Manta Network aims to solve scalability issues by providing solutions that deliver high performance and low transaction fees. This objective is geared toward catering to a broader user base and optimizing the efficiency of the network.

Smart Contracts and DeFi Opportunities: Supporting smart contracts, Manta Network facilitates the development of various decentralized finance (DeFi) applications. Users can engage with financial services and products on the platform.

mANTA Token and Ecosystem Incentives: Manta Network's native token, mANTA, is used for value transfer within the network and to incentivize participation. Staking, governance participation, and other ecosystem incentives encourage active engagement within the community.
Manta Network is a project driven by the vision of pushing the boundaries of financial privacy and blockchain technology, offering users a more secure, private, and interactive experience.


Manta Network is the modular ecosystem built for scalable, next-generation dApps. It currently offers two networks:

  • Manta pacific, the modular L2 ecosystem on Ethereum for next-generation dApps, provides a scalable and inexpensive gas-fee environment for applications to grow beyond the limits of traditional EVM environments.
  • Manta Atlantic, the fastest ZK L1 chain on Polkadot, brings programmable ZK-powered confidential on-chain identities and credentials to web3 through zkSBTs.

Manta Network offers an unrivaled environment to deliver on the scalability demands of dApps. The ecosystem takes a modular approach to meet the changing market needs for dApps now and in the future.

Manta Pacific currently leverages Celestia for modular DA, which enables to lower gas fees to become the most inexpensive ETH L2. Since the integration to become the first ETH L2 on Celestia, Manta Pacific has been able to save users over $750,000 on gas fees Today, we are excited to official announce the tokenomics regarding $MANTA, the native utility and governance token of the Manta Network ecosystem.

Overview of $MANTA


  • The total supply of $MANTA at Genesis: 1,000,000,000.
  • 2% yearly minting rate starting from Token Genesis.
  • Governance: $MANTA token holders can vote on network governance decisions on Manta Pacific and Manta Atlantic.
  • Staking: Staking $MANTA contributes to the overall security of Manta Atlantic.
  • Collator Delegation: $MANTA holders have the option to delegate their holdings with collators or stake $MANTA to run their collators to secure the network.
  • Network Fees: Manta Atlantic uses $MANTA to pay transaction fees.
  • Native Liquidity & Collateral: $MANTA token can be used in Manta ecosystem to serve as native liquidity and collateral.



The most significant feature of Manta Network is its privacy-focused design

One of the most crucial features of Manta Network is its privacy-focused design. The platform distinguishes itself from other blockchain projects by implementing privacy technologies such as zero-knowledge proofs to safeguard users' financial transactions. This feature aims to provide a more secure experience by protecting users' personal data.

In summary,
Manta Network is the modular blockchain for zero-knowledge (ZK) applications. Manta Pacific is the modular L2 ecosystem for EVM-native ZK applications and dApps that want to deliver the lowest cost and best experience for users. Leveraging Manta’s Universal Circuits to enable ZK-as-a-Service and Celestia’s data availability for modularity to deliver low gas fees, Manta Pacific offers the perfect environment for ZK-enabled applications.

Manta Network was created by a team of experienced founders from prestigious institutions, including Harvard, MIT, and Algorand. Manta Network has received investments from many of the top web3 investment funds, including Binance Labs and Polychain Capital. It has grown through participation in the best web3 accelerators, including Alliance DAO and Berkeley Blockchain Xcelerator.

Manta Network is a blockchain platform that provides users with privacy-focused, cross-chain asset transfer, and scalability. Essentially, it facilitates asset transfer among different blockchain networks with privacy protection measures and supports smart contracts for various DeFi applications. Manta Network offers users the opportunity to engage in secure, private, and interactive financial transactions.





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