ACCESSWIRE
17 Mar 2023, 00:55 GMT+10
SINGAPORE / ACCESSWIRE / March 16, 2023 / After the failure of big banks, people witnessed the limitations of trust with the existing financial system. Now more than ever marks an important time to empower users to store and access their funds in a non-custodial and private manner through web3. Therefore, Manta Network is excited to make this impact through the launch of MantaPay on Calamari.
After years of building and testing, rounds of community feedback reviews, and updates on cryptographic optimization and frontend design, the product is ready to release to the web3 world, starting within the Kusama ecosystem. Manta witnessed over 150,000+ private transactions take place on the testnet, and thousands of pieces of valuable feedback were provided to help improve the MantaPay product before its launch. To celebrate this launch, Manta will announce a series of early user opportunities, activities, airdrops, and other incentivized programs that will help drive the adoption of on-chain privacy.
To get started with MantaPay, two tools are required:
Once ready, head over to the MantaPay app and follow the instructions here.
MantaPay supports various cryptoassets on its private payment system:
In a proactive stance to address regulatory ambiguity, MantaPay doesn't support users within specific regions, including the U.S., China, Iran, Cuba, North Korea, Syria, Myanmar (Burma), the regions of Crimea, Donetsk or Luhansk. Only users in certain jurisdictions can access the application.
Why MantaPay
MantaPay uses ZKP to guarantee that transfers are carried out in accordance with a structured protocol called 'circuit' while maintaining the privacy of sensitive data.
The sensitive information acts as a witness in a ZKP system rather than publishing directly on-chain, ensuring the protocol is maintained correctly and no private data is leaked. The ledger then tests the resulting ZKP's verify function against the inputs from the public and, if it succeeds, publishes the transaction. MantaPay has optimized this entire process for the ZK circuit generation and verification.
MantaPay leverages the Poseidon hash to deliver the fastest prover speed of any layer one network, allowing users to generate a ZKP in around 2 seconds. The protocol uses a bring-your-own-token model, which allows privatization of various fungible and non-fungible tokens. It provides a permanent and reusable private address system, zkAddresses, to provide users with the convenience of a wallet interface and privacy through ZKP.
About Manta Network
Manta Network is the zk layer 1 blockchain with the fastest prover speed and most decentralized trusted setup that brings programmable privacy to web3. Its suite of core products and technologies, including zkNFTs and MantaPay, offers user-friendly access to powerful ZK-enabled use cases. The project is created by a team of experienced founders from prestigious institutions, including Harvard, MIT, and Algorand. The team began its research on Zero Knowledge Proof in 2019 during a cross-border payment research project under the MIT Digital Currency Initiative with the Monetary Authority of Singapore. Manta Network has received investments from many of the top web3 investment funds, including Binance Labs and Polychain Capital. It has grown through participation in the best web3 accelerators, including Alliance DAO and Berkeley Blockchain Xcelerator. Manta Network is poised to bring the next generation of web3 users and usher in a new chapter of privacy-focused web3 applications.
Elaine Wang
Global PR Director
elaine@manta.network
SOURCE: Manta Network
Get a daily dose of Chicago Chronicle news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Chicago Chronicle.
More InformationBEIJING, China: The Chaoyang District Intermediary Court in Beijing has begun compensation hearings for the Chinese relatives of those who ...
Israel resumed its military operation in the Gaza Strip on Friday with heavy bombardments. As strikes continue, the United States ...
LIVINGSTON, Kentucky: CSX railroad said that a failed wheel bearing on a train car caused a derailment on November 22 ...
HELSINKI, Finland: After Finland joined the North Atlantic Treaty Organization (NATO) earlier this year, hundreds of migrants from the Middle ...
CHISINAU, Moldova: Over the weekend, heavy snowfall and strong blizzards in Romania, Moldova and Bulgaria left one person dead and ...
WASHINGTON D.C.: After a House Ethics Committee report found substantial evidence that he broke the law, New York Republican representative ...
This campaign explores ice hockey players' influence and popularity beyond their National Hockey League (NHL) careers. The goal was to ...
(Photo credit: Christopher Hanewinckel-USA TODAY Sports) The Minnesota Wild will look to stay unbeaten since their coaching change when they ...
Chicago [US], December 3 (ANI): According to a study presented at the annual meeting of the Radiological Society of North ...
indianapolis - A federal jury in Illinois ordered $17.7 million in damages - an amount tripled to more than $53 ...
(Photo credit: Jordan Prather-USA TODAY Sports) Trazarien White scored 27 points and had 10 rebounds off the bench, and UNC ...
(Photo credit: Dan Hamilton-USA TODAY Sports) Brad Marchand scored at 4:52 of overtime and the visiting Boston Bruins recovered from ...