Manta Network is a blockchain platform, which stands out for its modular approach and efficient scalability. By dividing functionalities into specialized layers, Manta Pacific, for example, acts as an optimistic Layer 2 solution on Ethereum, offering a scalable and accessible gas fee environment for decentralized applications. By integrating Celestia, a modular blockchain specialized in consensus and availability of data, Manta Pacific addresses critical scalability and cost issues, significantly reducing transaction fees for users.
With a comprehensive vision, Manta Network expands its presence beyond Ethereum with Manta Atlantic, a ZK L1 chain on Polkadot. By providing confidential, programmable identities and credentials based on Zero-Knowledge Proofs, Manta Atlantic paves the way for more secure and private web3 applications. This modular and interoperable approach, along with the emphasis on incentives for builders and communities, defines Manta Network as an innovative project in the landscape blockchain.
What is Manta Network?
Manta is a modular blockchain platform designed to power the next generation of decentralized applications. This innovative blockchain network is made up of two main implementations: Manta Pacific and Manta Atlantic, each offering specific solutions to meet the demands of the blockchain ecosystem.
Pacific Blanket
Functioning as a layer 2 on Ethereum, Manta Pacific provides a scalable environment with reduced gas fees for dApps, overcoming the limitations of traditional environments based on the Ethereum Virtual Machine. Utilizing the modularity of Celestia, a blockchain specialized in consensus and data availability, Manta Pacific seeks to drastically lower transaction costs and address challenges related to data availability in a trust-minimized approach.
Atlantic Blanket
This is the Zero-Knowledge Proof based component of Manta Network, operating as a layer-1 chain in the Polkadot ecosystem. By incorporating ZK-powered sensitive identities and credentials into its architecture, Manta Atlantic introduces an innovative approach to on-chain identities and sensitive applications. Through the use of Zero-Knowledge Succinct Blockchain Timestamps, this network aims to provide robust privacy and verifiable functionality on web3.
Manta network crypto
Manta Network Crypto is the native digital representation of value of Manta Network, a modular blockchain platform designed to power the next generation of decentralized applications (dApps). Named MANTA, this cryptocurrency operates as an ERC-20 token, providing the basis for the economy within the Manta ecosystem.
How does Manta Network work?
MANTA Network operates through an innovative, modular architecture designed to deliver an efficient and scalable experience for decentralized applications (dApps). Let’s explore the main elements that make up MANTA’s operation:
Pacific Blanket
- Modularity in Ethereum: Manta Pacific acts as a modular layer 2 on Ethereum, providing scalability and cost reduction for dApp transactions.
- Data Availability by Celestia: Integrates Celestia’s DA infrastructure to address data availability concerns in a trust-minimized approach.
- Data Availability Sampling and Namespaced Merkle Trees: Allows checking the availability of data in blocks without the need to download the entire block. Lightweight nodes perform random checks on small portions of block data, increasing confidence in data availability.
- NMTs for Organization: Structure that partitions the registry into distinct sections for different applications, optimizing the download of specific data for each application.
- Consensus and Data Availability: Celestia is a modular blockchain that specializes in providing consensus and data availability to other chains. Effective solution to the problem of data availability on blockchains, ensuring that information on the ledger is visible and accessible to everyone.
$MANTA Token
Governance and Utility: ERC-20 and native, the $MANTA token is used for governance, staking, network fees, native liquidity and more. $MANTA token holders can vote on governance decisions at Manta Pacific and Manta Atlantic.
Blanket Pacific Ecosystem: Supports projects that drive activity, ecosystem growth, and Web3 and Web2 user acquisition. Encourages the development of dApps using MANTA infrastructure and tools.
How does Manta Pacific work?
Manta Pacific, as an innovative modular layer-2 on Ethereum, introduces a series of functionalities that aim to offer an efficient and scalable experience for dApps. Let’s explore some of the key features and functionalities that make Manta Pacific a distinctive choice in the blockchain ecosystem:
- Scalability: Manta Pacific uses the L2 approach to provide scalability, allowing dApps to operate more efficiently and cost-effectively.
- Integration with Celestia: Uses innovative techniques, such as Data Availability Sampling (DAS) and Namespaced Merkle Trees (NMTs), to optimize data availability checking.
- Significant Fee Reduction: Effective implementation of Celestia as a DA layer contributes to a significant reduction in transaction fees, providing a more affordable alternative for users.
- Universal Circuits: Provides developers with the ability to easily build, test, and deploy applications using Manta Network’s Universal Circuits.
- SDK and Solidity: Provides software development kits (SDK) and Solidity support to facilitate dApp development.
Bottom Line
The vision of a decentralized network, where Web2 and Web3 users coexist harmoniously, is realized through Manta’s “Web 2.5” approach, eliminating traditional accessibility barriers and making user experience a priority.
The MANTA token emerges as the foundation of this vision, playing crucial roles in governance, network security and as a medium of exchange. The offering of private transactions at competitive costs and the emphasis on simplicity for developers highlight Manta Network as a notable choice in the blockchain landscape.
By following an ambitious roadmap, Manta Network is actively shaping the future of decentralized applications. Through its grant programs, Manta encourages innovation and collaboration, continually strengthening its ecosystem.
