Manta network- privacy upgrade for the Polkadot ecosystem

In the rapidly developing time in the field of blockchain cryptocurrencies in general, most projects focus on addressing data privacy and user privacy issues. Along with this, many are “sawing” the decentralized economy of tokens, increasing the degree of protection. Also, many people solve the problem of confidentiality through several protocols

@MantaNetwork

Now in this vein, such cryptocurrencies as “Zcash” and “Monero” are worthy of attention. But it should be noted that their protocols do not provide sufficient ready-made privacy for the large pool of emerging new cryptocurrencies. It is also important that these protocols lack an extension for the decentralized financial system — DeFi, which gives the world innovations in monetary tools for end users.

However, Manta supports multiple underlying assets at once and allows anonymous exchange of assets through MantaDAX

Manta Network | The Privacy Preservation Layer on Polkadot

Geometric blockchain progression

Manta protocols are being claimed to be implemented on a wide variety of multi-asset blockchain systems, or implemented as a parachain in Polkadot.
The Manta network project focuses on the Polkadot system as the mainstream in the crypto industry. But one cannot ignore the important point that individual tuning gives in the long term and different performance

#createwithmantanetwork #polkadot

The Manta project proposes to maintain confidentiality based on NIZK. The Manta structure consists of two main layers: MantaDAP and MantaDAX. One of the important areas is the ability for users to exchange private tokens anonymously. MantaDAX also guarantees the privacy of both traders and liquidity providers. At the same time, the exchange also works similarly to the transfer

The cornerstone of the entire system is that Manta allows the provision of both government liquidity, TC and liquidity at the private level. Private liquidity hides the identity of its provider in the event of a possible leakage of the amount of the asset that the provider enters into the pool.
The share of liquidity is represented by the so-called LP tokens, which are themselves a fungible token and therefore can be privatized through the MantaDAP protocol. This step expands the option and allows you to hide both the user’s personal data and the amount that the provider provides to the liquid pool

Manta-Security

The advantage of the project privacy model is that Manta payments and exchanges are private.
- Secret addresses are never revealed;
- Publicly available information, cannot be linked;
- All operations consume two old coins and generate two new coins.
When making a transaction (transfer, exchange or return), the user does not indicate which obligation was used. Accounting takes place in a special ledger, so even knowledge of the nominal value of the obligation will not help the attacker to de-anonymize the sender
With this approach, the confidentiality property of a decentralized anonymous payment is formally determined

Site: https://manta.network/

Twitter: https://twitter.com/mantanetwork

Medium: https://mantanetwork.medium.com/

Telegram: https://t.me/mantanetworkofficial