Manta_Network:~$ The first privacy-preserving protocol built for


Manta_Network:~$ function(request) {Technical Resources}

We're building an interoperable privacy protocol for the DeFi Stack.

The problem we see today is that the blockchain lack privacy, interoperability, and usability, which trickles down into many other issues. That's why we're building Manta Network, an interoperable and private protocol for the DeFi stack, with a privacy-preserving decentralized exchange as our first use case. We're building it as a layer-1 solution, which means that privacy will exist in the core architecture, rather than a feature sitting on top of another blockchain. By using Substrate, we can take advantage of the interoperable ecosystem that Polkadot brings. If you want to learn more, read our article: An Introduction of Manta Network.

We are able to do this through a process called minting. Long story short, a user can initiate a coin-minting transaction by depositing a base coin (e.g., Polkadot). The Manta Network receives the deposit and generates a privacy-preserving version of it (e.g., private-Polkadot). To get more of the details of how this is executed, request a copy of our white paper.

We believe that Polkadot's blockchain will deliver a greater overall user experience for DeFi than Ethereum can currently deliver. Architecturally, we need a fast runtime, fast consensus, and interoperability--all of which are not offered by Ethereum 1.0. For example, the current consensus on Ethereum, proof-of-work, impacts the speed of block generation, which is necessary for writing transactions to the blockchain. That translates into a slower, less-than-optimal user experience. To learn more about our choices, read about it in our post: Manta's Architectural Design Choices.
Private Transacting
Manta Network leverages zk-SNARKs, a non-interactive form of zero knowledge proofs, to deliver scalable, private transacting and swapping. Because zk-SNARKs is a code-based solution, we have the advantage of flexibility and speed for the best user experience on a decentralized exchange: fast and private.
Private Swapping
Because we are building a layer-1 solution using Substrate, we are in control of the underlying blockchain consensus. Furthermore, we employ the UTXO model for "burner addresses" that obfuscate identity for swaps. While prices and volume are fully transparent, identity is unlinked and users can swap in private.
We are building a decentralized privacy stack for DeFi that is governed by the community. The governance, among other features, is represented by the Manta Network token, $MA. Governance features for topics including selecting new trading pairs and tokens to include in the exchange will be decided by the token holders in the community.
MANTA: The Privacy Preserving DeFi Stack
Cryptocurrencies and decentralized ledger technology has been widely adopted over the last decades. However, there isn’t yet a decentralized exchange that can protect users' privacy from end to end. In this paper, we construct the first ledger-based decentralized token exchange based on ledgers with strong privacy guarantees. We first propose a anonymous decentralized exchange scheme (ADEX scheme) based on automated market maker (AMM) and zk-SNARK. We prove that this scheme is sound and preserves users’ privacy... Request the rest of our white paper.
It takes a village... And we're proud to have these amazing funds and people by our side as we build out Manta Network.