Manta (MANTA)

What is Manta Network?

Manta Network (MANTA) is a modular blockchain designed for zero-knowledge (ZK) applications, focusing on enhancing user privacy and scalability. It consists of two main networks: Manta Pacific, a Layer 2 solution on Ethereum for scalable ZK applications, and Manta Atlantic, a Layer 1 chain in Polkadot for programmable identities and credentials.

How is Manta Network used?

Manta Network (MANTA) is used in various ways across its two networks, Manta Pacific and Manta Atlantic. Here are some key uses:

Manta Pacific:

• Scalable and Low-Cost Environment: Manta Pacific provides a scalable and inexpensive gas-fee environment for EVM-native ZK applications, making it suitable for deploying ZK applications using Solidity.
• Universal Circuits: It leverages Manta Network’s Universal Circuits, a library of zero-knowledge circuits, to enable developers to easily integrate ZK features into their applications with minimal code changes.
• zkSBTs and zkKYCs: Users can purchase credentials like zkSBTs and zkKYCs within the network, which are used for trustless, decentralized verification without exposing sensitive information.

Manta Atlantic:

• Private Smart Contracts: Manta Atlantic offers a secure and customizable environment for applications demanding ultimate security, including private smart contracts.
• Programmable ZK Identities: It brings programmable ZK-powered confidential on-chain identities and credentials to web3 through zkSBTs.

Token Usage:

• Native Currency: $MANTA acts as the native currency for Manta Network, facilitating peer-to-peer transfers and transactions with contracts/pallets.
• Governance: $MANTA token holders have voting rights for on-chain governance decisions on both Manta Pacific and Manta Atlantic.
• Staking and Collator Delegation: $MANTA tokens are used for staking, which contributes to the overall security of Manta Atlantic, and can be delegated to collators for block production.

These uses demonstrate how Manta Network is designed to provide a comprehensive ecosystem for scalable, secure, and private ZK applications.