Manta Network, founded in 2020, has recently attracted the attention of cryptocurrency enthusiasts thanks to its innovative approach in developing zero-knowledge (ZK) applications.

 

Adopting a two-layer structure that includes Manta Pacific on Ethereum as a Layer 2 solution and Manta Atlantic on Polkadot as a Layer 1 solution, Manta Network offers more optimized privacy, scalability, and user participation in the blockchain ecosystem.

 

To better understand what Manta Network is all about, from its structure, funding and support, its key features for Web3 developers, to its tokenomics, check out the full review below.

 

What is Manta Network?

Manta Network is a powerful new player in the modular blockchain world, designed specifically for developing zero–knowledge (ZK) applications. Consisting of two main components, namely Manta Pacific and Manta Atlantic, the network offers high-performance infrastructure with low transaction fees.

 

Manta Pacific utilizes Celestia technology to ensure data availability and zkEVM to improve scalability. On the other hand, Manta Atlantic focuses on ZK compliance credentials, which enable seamless cryptographic interoperability.

 

Backed by leading web3 investors and having a Total Value Locked (TVL) of over $700 million, Manta Network is poised to become a major player in blockchain development.

 

With its developer-focused approach and use of Universal Circuits, Manta Network makes it easy to develop and deploy zero-knowledge (ZK) applications. It supports the growth of a dynamic and participatory ecosystem, similar to how a solid foundation strengthens the construction of a skyscraper.

 

Manta Network was founded in 2020 by Victor Ji, Shumo Chu, and Kenny Li, who have backgrounds from renowned institutions such as Harvard, MIT, and Algorand.

 

With the vision of bringing in a new generation of web3 users and leading a new era of zkApp applications in the web3 world, Manta Network seems poised to reach an important milestone in the industry.

 

Manta Network Structure

 

 

Manta Network adopts a two-pronged approach, each of which is customized to meet specific Web3 development needs.

 

Manta Pacific, as part of layer 2 in Ethereum, was developed specifically to support Zero-Knowledge (ZK) native applications of the Ethereum Virtual Machine (EVM). It utilizes Celestia technology to ensure data availability and zkEVM to improve scalability.

 

On the other hand, Manta Atlantic, which operates as Layer 1 in Polkadot, focuses on Zero-Knowledge (ZK) compliance credentials. It introduced zkSBTs (Zero-Knowledge Simple Barter Tokens), which support a private, reusable, and auditable address system known as zkAddresses.

 

The Manta Atlantic stands out for its ability to interact with other projects without requiring complex cryptographic processes, facilitating seamless interoperability.

 

With these two layers, Manta Network combines advanced cryptographic solutions with easy-to-use developer tools, enhancing the security, scalability, and accessibility of blockchain technology in the ever-evolving Web3 ecosystem.

 

Funding and Support

Manta Network has successfully attracted investments from leading web3 funds such as Binance Labs and Polychain Capital.

 

Their participation in prestigious web3 accelerators, such as Alliance DAO and Berkeley Blockchain Xcelerator, demonstrates Manta Network’s commitment to growth and innovation in the crypto ecosystem.

 

Manta Network Key Features for Web3 Developers

Manta Network is a modular blockchain that provides Web3 developers with a range of exciting features. The following are its key features to know, among others:

 

1. Low Fees, High Scalability

Manta Pacific adopts Celestia technology and a modified OP stack to provide advanced technical infrastructure that offers high scalability and low gas fees.

 

With Manta Pacific’s Universal Circuits, the platform provides an unparalleled ecosystem for the development and deployment of Zero-Knowledge (ZK) applications and dApps.

This feature is particularly attractive to Web3 developers as it allows them to build more efficient and cost-effective applications, providing a significant boost to innovation in the blockchain space.

 

2. Developer–Friendly

Manta Network’s multi-modular approach gives developers the flexibility to use Manta’s personal identity tools across the chain, including in the web2 ecosystem and mobile applications.

 

By providing Manta’s SDK (Software Development Kits) and proof keys, an easy-to-integrate solution is offered to developers to connect identities on-chain with just a few lines of code.

 

This feature is particularly attractive to Web3 developers as it allows them to easily and efficiently integrate personal identities into their applications, providing ease of managing identities and providing an additional layer of security to their applications.

 

3. New ZK Use Cases

Manta Pacific provides “Universal Circuits”, a ZK library that makes it easy for developers to call Solidity smart contracts and dApps that use ZK.

 

Manta Pacific’s Universal Circuits are designed using zkContracts, such as zkShuffle used in blockchain-based applications.

 

This feature is exciting for Web3 developers as it allows them to utilize ZK technology in the development of innovative new applications, opening up opportunities to create more secure and privacy solutions within the blockchain ecosystem.

 

4. Non–Invasive Compliance

Manta Network presents zkSBTs (Zero-Knowledge Standardized Business Tokens) that facilitate verification without the need for cooperative engagement, while still maintaining privacy and security.

 

Examples of zkSBTs such as zkBAB and zkGalxe Passport provide chain-based KYC (Know Your Customer) verification without the need for passport scanning or uploading of sensitive personal information.

 

This feature is attractive to Web3 developers as it allows them to create more secure and private applications for users, resulting in a safer and more secure environment within the blockchain ecosystem.

 

5. Growing Ecosystem

The Manta Network ecosystem is designed to cover a wide range of applications, including DeFi, gaming, and social media, with a focus on delivering the best experience and value to users.

 

The Manta Ecosystem Grant Program was created to encourage and support the exploration of valuable new use cases, as well as provide solutions to address challenges faced by users.

 

This feature is attractive to Web3 developers as it provides an opportunity to collaborate with the Manta Network community, participate in the development of applications that benefit users, and contribute innovations that drive the overall development of the ecosystem.

 

Potential Applications in the Manta Network Ecosystem

 

Basically, Manta Network presents a number of exciting features that help Web3 developers build more efficient, cost-effective, secure and privacy-preserving applications.

 

In addition, Manta Network has a rapidly growing ecosystem, providing opportunities for Web3 developers to collaborate and create applications that benefit users.

 

Below are some examples of applications that can be developed using Manta Network, including:

 

Efficient and cost-effective DeFi applications
Secure and private gaming applications
Interactive and engaging social media applications

 

Thus, Manta Network has the potential to become one of the leading blockchains for Web3 developers.

 

Tokenomics $MANTA

Please note, $MANTA is the native token in the MANTA Network, which holds several key roles including the following:

 

1. Governance

Holders of $MANTA tokens have the right to participate in decision-making regarding network governance in Manta Pacific and Manta Atlantic.

 

2. Staking

staking with $MANTA plays a role in increasing the overall security of Manta Atlantic.

 

3. Delegate Collator

Holders of $MANTA have the option to delegate ownership of their tokens to collators or stake $MANTA to run their own collators, aiming to increase network security.

 

4. Network Fee

At Manta Atlantic, $MANTA serves as the currency to pay transaction fees.

 

5. Liquidity & Collateral

The $MANTA token can serve as the main liquidity and collateral in the Manta ecosystem. The current total supply of $MANTA is 1,000,000,000, as described in the whitepaper.

 

Additional tokens will be issued according to the allocation of “Estimated Validator/Emis Prize” tokens.

 

Benefits and Advantages of Manta Network

 

 

The following are some of the benefits and advantages of Manta Network that are important to know, including:

 

• Integration of advanced Zero-Knowledge technology : Manta Network incorporates advanced zero-knowledge technology into its infrastructure, allowing transactions to be kept private without compromising security.Using this method, users can conduct transactions without the need to publicly disclose sensitive information, keeping their data confidential while still complying with privacy policies.
• Easier and cost-effective application development : By providing developer-friendly development tools and efficient infrastructure, Manta Network accelerates the application development process.That not only saves developers time, but also reduces overall application development costs, opening the door for further innovation in the Web3 ecosystem.

   

• Enhanced privacy and security : One of Manta Network’s key advantages is its focus on privacy and security.Using advanced technology and thoughtful design, the platform offers a high level of security for every transaction made, while still prioritizing user privacy.
• Seamless cryptographic interoperability : Manta Network enables seamless interoperability with other blockchain projects.It allows users and developers to interact with other applications and protocols across the blockchain ecosystem without significant restrictions, opening up endless opportunities for collaboration and growth.

 

Conclusion

In conclusion, Manta Network attracts attention with its integrated advantages of advanced zero-knowledge technology, ease of application development, enhanced privacy and security, and seamless cryptographic interoperability.

 

Offering adequate infrastructure and innovative solutions, Manta Network has great potential to become a major player in the blockchain ecosystem.

 

The potential for cost-effective and more secure application development, along with the ability to bridge the gap between various blockchain protocols, puts Manta Network in a strong position for future growth and wide acceptance.

 

Furthermore, the future and prospects for Manta Network in the blockchain ecosystem are also considered very promising going forward.

 

By continuing to develop its technology and ecosystem, as well as expanding partnerships and collaborations with key stakeholders, Manta Network has the opportunity to solidify its position as one of the most anticipated and influential projects in the blockchain industry.

 

Let’s Invest in Crypto on INDODAX

Well, now you understand what Manta Network is, from its structure, funding and support, its main features for Web3 developers, to its tokenomics.

 

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FAQ

1. What does Manta Network do?

Manta Network operates in the field of blockchain technology development, specifically in implementing zero-knowledge solutions to improve privacy, security, and transaction efficiency in the Web3 ecosystem.

 

2. What is the price of Manta crypto?

The price of Manta crypto may vary and depends on the market or crypto exchange platform. As per CoinMarketCap data on Friday, May 31, 2024, the price of Manta crypto is IDR28,308.05.

 

3. Who are the owners of Manta Coin?

The owner of Manta Coin, or $MANTA, is the individual or entity that holds the token in their crypto wallet. Specific information about token holders can be found on the Manta Network blockchain through block exploration.

 

4. Can you buy Manta Network at INDODAX?

Currently, Indodax does not have Manta network crypto assets, but you can buy other crypto assets such as buying bitcoin, buying ethereum or other crypto assets.