Manta Network's development team, P0xeidon Labs, announced the launch of a fresh and dependable crypto-powered system on Friday. This system will be utilised to launch Manta Network's private payments app.
Transactions, is on course to set one of the biggest records in cryptocurrency history.
Manta Network's development team, P0xeidon Labs, announced the launch of a fresh and dependable crypto-powered system on Friday. This system will be utilised to launch Manta Network's private payments app.
Using zkSNARK technology, MantaPay users will be able to send cryptocurrency privately through networks based on Polkadot and Kusama. Kusama serves as a testnet for all things Polkadot and is the foundation for all endeavours.
The launch celebration will feature close to 5,000 attendees from as many as 133 countries, according to a Manta Network representative. One of the largest and most widely dispersed notable setups in Web3 history, the event will last for two weeks.
We're experiencing an amazing level of interest in taking part in our trusted setup, with about 5,000 registrations so far, said Kenny Li, co-founder and COO of Manta Network. I believe it shows how important privacy is for Web3, and the ecosystem is starting to take notice.
The Manta Network team is creating a layer-1 blockchain solution based on Polkadot's Nominated Proof of Stake (NPoS) consensus architecture to enable users to conduct transactions across any asset chain in total privacy.
The basic criteria set for participation by the Manta Network team is the primary factor enabling the project to surpass the record of the most reliable installations currently held.
We have no hardware requirements because ZKP is device agnostic, hence the criteria are quite minimal. We support all popular operating systems, including Apple, Windows, and Ubuntu Linux.
Manta's new product, which strives for complete anonymity during exchanges between two or more parties, has attracted a lot of users because it is built on the principle of user privacy.
Li said that privacy isn't only about protecting the confidentiality of transactions; rather, it's about your complete on-chain identity: every application you use, every wallet you use, and every piece of information you save on the blockchain is permanent and made visible to the public.
According to the COO of Manta Network, there will be no monetary incentives or rewards given to those who participated in the trusted setup ceremony. Instead, each of them will receive a non-fungible token (NFT), which will serve as a symbol of their significant contribution to the project and reward them with a Discord game in Manta's community channel.
