Manta Network Price (MANTA)

Manta Network (MANTA) Price Now

Manta Network price today is $1.89 with a 24-hour trading volume of $76,711,345. MANTA price is up 6% in the last 24 hours. It has a circulating supply of 251Mil MANTA tokens and a max supply of 1000Mil.
In order to search for real-time and historical information about Manta Network (MANTA) blockchain, including data related to blocks, transactions, addresses, and more, you may use Manta Network (MANTA) block explorers. Here are some of the most popular and useful Manta Network (MANTA) blockchain explorers out there:

• pacific-explorer.manta.network

What Is Manta Network(MANTA)?

Manta Network is an interoperable and private protocol for the DeFi stack, with a privacy-preserving decentralized exchange. It is built 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.

What Are the Features of Network(MANTA)?

Manta is a set of easy-to-use and secure (open source and auditable code) protocols based on Substrate frameworks. It uses zk-SNARK to provide complete end-to-end anonymity, high throughput, and high cross-chain interoperability (it supports Polkadot and its parachain mainstream cryptocurrencies and stable coins). It includes a decentralized privacy payment protocol, a decentralized privacy token exchange protocol, and a decentralized privacy lending and synthetic asset protocol to be developed in the future. Manta's founding team comprises many US cryptocurrency veterans, professors, and scholars whose experience includes Harvard, MIT, Algorand, and other institutions.

Who Are the Founders of Network(MANTA)?

• Shumo Chu, Co-Founder at Manta Network, Graduated with a Ph.D. from the University of Washington Computer Science and Engineering. Before that, he obtained a bachelor's degree from Wuhan University, China.
• Canghai Victor Ji, Canghai Victor Ji is Co-Founder of Manta Network. He is a Co-Chair of the Harvard Kennedy School China Society. Chair of Harvard Kennedy School Blockchain and Cryptocurrency Club. Visiting lecturer of Boston University Business School, Guest speaker of Carnegie Mellon University. Early investor of Ont, Zil, Ftx, Arpa. Experienced financial analyst and venture capitalist with a demonstrated history of working in the economy and investment. Skilled in Infrastructure Investment, Venture Capital, and Political Economy. Strong entrepreneurship professional with a Master of Public Administration focused in International Development from Harvard Kennedy School.

Why the Crypto World Needs Manta(MANTA)?

Compared with traditional finance, decentralized finance (DeFi) is more valuable since it is permissionless and anti-surveillance. Current DeFi services still have critical problems regarding privacy (transparent address and information traceability), scalability (limited by transaction fees and transaction speed), ease of use, and liquidity. Constrained by the consensus of the underlying public chain, all current decentralized exchanges can leak the addresses of users participating in transactions. Research shows that currently, user addresses can only provide pseudo-anonymity rather than real user privacy. Commercial competitors or malicious Internet users can use transaction graph analysis to match user identities with addresses. Furthermore, since blockchain information is immutable, the cost of user privacy leakage is immeasurable.

Although the emergence of anonymous coins has solved the above problems to a certain extent, current anonymous coins, such as Zcash, are subject to scalability issues, thus challenging to leverage for a DeFi service ecosystem. Users can use ZCash for digital payments, but not for a private token exchange. Also, the high volatility of a single anonymous coin makes it difficult for users to store their assets. Therefore, only when the existing major digital assets such as stable coins and WBT are anonymized with exchange protocols that support robust cross-chain interoperability and related DeFi service agreements, can the underlying value of DeFi be recognized.

What Is Manta Token?

Manta token, namely $MANTA, is the first deflationary utility token where rebate rewards, redemption, and token burns are generated from actual privacy-preserving network usage and growth in DeFi. The total amount of $MANTA tokens is 1,000,000,000. Its main source of income is the fee collected from users for minting private coins, redeeming base coins from private coins (0.1%), and the private coin payment fee and exchange fee between different private coins (0.3% — variable). These continuous incomes will bring $MANTA tokens a discount value, redemption value, governance value, and extended value.

Manta Network Roadmap

Chapter 1: Manta Pacific Alpha (Ethereum L2)

In its current availability, Manta Pacific is an Optimistic Rollup on Ethereum using Ethereum DA. It leverages Manta Network’s Universal Circuits for developers to quickly build, test, and deploy ZK-enabled applications with just solidity and the Universal Circuits SDK. The goal is to build the dApp ecosystem based on Manta zkSBT and Universal Circuits such as zkShuffle.

On Manta Pacific, developers reap the benefits from Manta’s Universal Circuits and OP Stack’s low gas fee and scalability to build unique ZK-enabled dApps, which is unprecedented in existing Layer 2s. In particular, Manta Pacific provides Universal Circuits for popular use cases (e.g., card shuffling/dealing and private on-chain voting), solidity smart contracts for on-chain ZK logic, and a typescript SDK for front-end integration.

Based on Manta’s Universal Circuits, developers without a ZK background can easily develop dApps with built-in ZK features from Manta Pacific such that they do not need to spend years of engineer efforts on customizing ZK circuits. Significantly different from Starkware and Aztec which re-design domain-specific language (DSL) for ZK such as Cario and Noir, Manta Pacific achieves EVM equivalence through adopting OP Stack Bedrock’s codebase. Thus, all existing smart contracts on Ethereum can be seamlessly adopted to Manta Pacific while enabling ZK-based features to unveil new application scenarios such as verifiable private DID/KYC, ZK-based fully-onchain games, and synergy between DeFi and decentralized private identity including zkSBT-based whitelist and off-ramp.

Chapter 2: Manta Pacific Alpha II (+Celestia DA)

In the next chapter, Manta Pacific will achieve data scaling by integrating Celestia’s modular DA to drastically reduce gas fees for users interacting with dApps within the Manta Pacific ecosystem.

Manta Pacific currently uses calldata for settlement where the cost is linear to gas price on Ethereum and fluctuates according to the usage of Ethereum. Instead, Celestia’s cost is sublinear to Ethereum gas price and would be significantly cheaper than the existing costs on Ethereum. While there are plans to reduce the gas costs via EIP-4844, it would be still more expensive than the costs of Celestia, and blockspace will still be an emerging issue in the future.

Chapter 3: Manta Pacific Beta (+Transition to zkEVM)

In this chapter, the goal is to transition fully over to zkEVM by leveraging Polygon CDK. In the meantime, Manta Pacific may explore a transitional period leveraging a multi-prover framework to securely migrate over to full zkEVM. The multi-prover will integrate Polygon’s ZK prover along with the existing OP Stack rollup such that Manta Pacific enjoys simultaneously the Polygon ZK prover cluster and Manta’s existing cluster, leading to benefits in multiple dimensions. The multi-prover architecture during the transition will enhance network robustness; combined with Celestia DA, Manta Pacific’s multi-prover system will still offer a low-cost L2 system for users.

Manta Pacific intends to transition fully over to zkEVM and leverage Polygon’s ZK prover. The final stage of the network’s architecture will be Manta’s Universal Circuits for built-in ZK-features to enable a wide range of ZK applications, while combining Validium services with Celestia DA and zkEVM with Polygon CDK for scalability.

Chapter 4: Manta Pacific Mainnet Production I (+Universal Circuits 2.0)

For Manta Pacific Mainnet, Manta Pacific will further upgrade the Universal Circuits to enable lower gas costs, support more use cases, and provide even better user experiences. First, Manta Pacific will integrate ZK proof aggregation to drastically reduce the on-chain proof verification gas costs for ZK applications and improve the throughput for ZK processing.

Second, Manta Pacific will integrate additional ZK schemes and corresponding smart contracts to support more ZK-enabled utilities. Third, Manta Pacific will provide better user experience through collaboration with account abstraction projects. Finally, Manta Pacific will achieve modularity, decentralization, high extensibility, low gas costs, and fully EVM equivalence, while unlocking new application scenarios with novel ZK technology.

Looking Forward to the Future of Manta Pacific

Upon completion of Chapter 4, Manta Pacific’s full mainnet launch will be completed. In the meantime, users are able to fully leverage the network to perform on-chain interactions with dApps within the ecosystem just as they would experience in any other L1 or L2. Meanwhile, as Manta Pacific’s underlying architecture continues to evolve, users will find noticeable differences–notable improvements–in their day-to-day interactions with Manta Pacific ecosystem applications.

Manta Pacific will unlock the next generation of dApps, specifically through ZK-enablement and scalability. In testnet, Manta Pacific has already seen over 200 verified contracts deployed, introducing a variety of decentralized applications into the ecosystem. We are looking forward to achieving that goal and appreciate all of the support from our community alongside.

Manta Network (MANTA) Community

• Twitter: https://twitter.com/mantanetwork
• Discord: https://discord.com/invite/mantanetwork
• Medium: https://mantanetwork.medium.com/
• Telegram: https://t.me/mantanetwork

What is Manta Network (MANTA) Contracts address?

• Manta Network: 0x95CeF13441Be50d20cA4558CC0a27B601aC544E5