THELOGICALINDIAN - Manta Network offers a apartment of DeFicentric aloofness protocols that add a band of anonymity for all DeFi transactions
Manta Network, the Substrate-based DeFi aloofness agreement stack, has clearly apparent its Dolphin Testnet to abutment MantaPay on the Manta-Polkadot arrangement and MariPay on the Calamari-Kusama network.
With this Launch, Manta Network Opens its Product Suite for the Community Members for the First Time, Granting abounding Access to the Features.
In addition, as allotment of the Dolphin testnet launch, the Manta aggregation has additionally appear its accessible Github athenaeum for its tech-savvy association members.
Manta Network has developed several platforms and protocols advised to accomplish decentralized accounts (DeFi) added scalable and interoperable while convalescent aegis and privacy. At its core, Manta Network offers a apartment of DeFi-centric aloofness protocols that add a band of anonymity for all DeFi transactions. This is able by implementing zkSnarks and Groth16 zero-knowledge proofs to conceal wallet addresses entirely. As such, Manta Network plays the analytical role of appearance portfolio administration activities, abnormally for ample aggregate transactions.
Since its aboriginal days, the Manta and Calamari teams accept fabricated cogent advance in agreement of artefact development. The aggregation has accustomed grants, added several new milestones to its list, formed out the mainnet version, accomplished runtime upgrades, and abundant more. This latest advertisement markets the aboriginal time the Manta and Calamari teams accept formed out a testnet for association associates to leverage. While architecture a layer-1 aloofness arrangement application zero-knowledge proofs is no baby task, the Dolphin testnet barrage marks addition noteworthy accomplishment for the Manta and Calamari Network.
Amidst the growing appeal for privacy-focused solutions for blockchain-based products, Manta Network has emerged as one of the platforms aiming to abode this appeal with its layer-1 band-aid instead of introducing addition layer-2 solution. Both Manta and Calamari will action added aloofness for the absolute DeFi ecosystem through its ambit of products, including an automatic bazaar maker (AMM) decentralized barter (DEX) and a acquittal agreement with congenital privacy. Over time, the Manta aggregation additionally affairs to cycle out added add-on articles like a constructed asset agreement and clandestine lending feature.
Remaking on the Dolphin testnet launch, Kenny Li, COO of Manta Network, mentioned:
“Privacy has consistently been a axiological affair for us. The added users DeFi projects have, the greater the aloofness issues become. Manta Network addresses this botheration for the absolute community, and the Dolphin testnet is aloof the aboriginal of abounding added community-oriented accomplish on our beginning roadmap.”
Founded in 2020, Manta Network has advised assorted protocols for privacy-preservation in the DeFi amplitude by ensuring greater anonymity for assorted transaction activities, allowance burrow user action through the use of several cryptographic technologies, including zk-SNARKS and Groth16. Substrate-based protocols, including an AMM DEX and acquittal protocol, accept already been unveiled, with others set to follow. Investors accommodate Alameda Research, Polychain Capital, DeFiance Capital, CoinFund, ParaFi Capital, LongHash Ventures, SkyVision Capital, Zee Prime Capital, The Spartan Group, Divergence Capital, SNZ Holding, CMS Holdings, Global Coin Ventures, ConSensys, Digital Currency Group, and more.
