What is a Manta Coin? This is the explanation!
2024-08-01Bittime - Manta Network offers high-performance, modular blockchain infrastructure with low transaction fees through Manta Pacific and Manta Atlantic. With a TVL of over $700 million, Manta Network supports Zero-Knowledge (ZK) applications and cryptographic interoperability.
What is a Manta Coin?
Manta Network consists of two main parts, Manta Pacific and Manta Atlantic, and offers high-performance infrastructure with low transaction costs; it is a powerful new player in the world of modular blockchain. Manta Pacific uses Celestia technology to ensure data availability and zkEVM to improve scalability; Manta Atlantic, on the other hand, concentrates on ZK compliance credentials, which enable seamless cryptographic interoperability.
Manta Network is poised to become a major player in blockchain development, backed by leading web3 investors and having a Total Value Locked (TVL) of over $700,000,000. Manta Network helps the development and deployment of zero-knowledge (ZK) applications with a developer-focused and Universal Circuits approach.
What is the Manta Network Structure Like?
A two-pronged method is used by Manta Network to meet custom Web3 development needs. Manta Pacific is an Ethereum layer 2 component designed to support Zero-Knowledge (ZK) applications of the Ethereum Virtual Machine (EVM). To improve scalability, Celestia technology is used to ensure data and zkEVM availability.
Instead, Manta Atlantic concentrates on Zero-Knowledge (ZK) compliance credentials. It introduced zkSBTs (Zero-Knowledge Simple Barter Tokens), which supports a private, reusable, and auditable address system known as zkAddresses. Manta Atlantic functions as Layer 1 on Polkadot.
Is it Worth it to Invest in Manta?
Manta Network appears to have a neutral prediction for 2024 after looking at various technical metrics. Before investing in any cryptocurrency, always check the fundamental and technical analysis. Institutional adoption, on-chain activity, and price activity can provide further insight into a project's potential value.
Conclusion
The two main parts of the Manta Network are Manta Pacific and Manta Atlantic. Manta Pacific focuses on Zero-Knowledge (ZK) compliance credentials and supports zkSBT and zkAddresses for seamless cryptographic interoperability, while Manta Atlantic uses Celestia technology to ensure data availability and zkEVM to increase scalability.
With a Total Value Locked (TVL) of over $700,000,000, the project has received significant support from leading web3 investors. Manta Network offers high-performance infrastructure with low transaction costs and a developer-focused approach to supporting Zero-Knowledge (ZK) application development and deployment.
However, to invest in Manta Coin, you must perform in-depth technical and fundamental analysis. Although the predictions are neutral for 2024, possible institutional adoption, on-chain activity and price movements must be considered.
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