What is Manta Network? Understanding Privacy DeFi Platforms

Bittime – Manta Network is a multi-modular ecosystem focused on zero-knowledge (ZK) technology to create more secure and efficient decentralized applications (dApps). 

By prioritizing privacy, scalability, and transaction security, Manta Network has attracted attention in the cryptocurrency world.

What is Manta Network?

Manta Network is one of the leading networks in the crypto ecosystem. Manta Network consists of two main networks:

• Manta Pacific: Ethereum Virtual Machine (EVM) compatible Layer-2 platform for ZK applications. It offers lower transaction fees and higher speeds compared to the Ethereum mainnet.
• Manta Atlantic: Layer-1 network that focuses on ZK-based digital identity. This allows users to have complete control over their personal data in a digital ecosystem.

Token MANTA

Source: Manta Network

MANTA is the native token of the Manta Network ecosystem. These tokens are used for various purposes, including:

• Governance: MANTA token holders can participate in decision-making regarding network development.
• Incentives: Tokens are used to provide incentives to users, developers and network validators.
• Payment: MANTA can be used to pay transaction fees and services within the Manta ecosystem.

Read Also: Ethena: Using USDe for Staking is Risky Not Dangerous

Why is Manta Network Important?

Manta Network is so important in the crypto ecosystem, here's why.

• Privacy: Manta Network provides a solution to privacy problems in the blockchain world using ZK technology.
• Scalability: The Manta Pacific network is designed to handle a higher number of transactions, addressing one of the main challenges in blockchain.
• Innovation: With a focus on ZK technology and dApps ecosystem development, Manta Network drives innovation in the blockchain industry.

Challenges and Opportunities

Like other cryptocurrency projects, Manta Network also faces challenges, such as market volatility, competition, and regulation. However, the large market potential for privacy solutions and scalability provide significant growth opportunities.

How to Buy MANTA Tokens

Source: Manta Network

Want to be part of the Manta Network ecosystem? The first step is to own MANTA tokens. Here is a simple guide to buying it:

1. Choose a Trading Platform

• Cryptocurrency Exchange: This platform allows you to buy, sell, and trade various types of cryptocurrencies, including MANTA. Some popular options are Binance, KuCoin, Bitget, Bybit, and Bitrue.
• Consider factors such as transaction fees, security, and availability of MANTA trading pairs before choosing a platform.

2. Create an Account and Verify Identity

Each platform has its own registration procedure. Typically you will need to provide personal information and go through an identity verification (KYC) process. Prepare the necessary identity documents such as KTP or passport.

3. Deposit Funds

Add funds to your account via bank transfer, credit/debit card, or other payment methods supported by the platform. Please note any deposit fees that may apply.

4. Buy MANTA Tokens

Look for trading pairs that involve MANTA, for example MANTA/USDT or MANTA/BTC. Determine the number of MANTA you want to buy.

5. Confirm Your Purchase

Save MANTA Tokens. After purchase, store your MANTA tokens in a secure digital wallet. You can use the wallet provided by the platform or choose an external wallet for extra security.

Safe Way to Store MANTA Tokens

After successfully purchasing MANTA tokens, the next step is to store them safely. There are several storage options you can choose from:

1. Dompet Cryptocurrency

• Hot Wallet: Digital wallets connected to the internet, such as wallets provided by trading platforms. Easy to use but has higher security risks.
• Cold Wallet: Hardware wallets that are not connected to the internet, such as Ledger or Trezor. Safer but requires extra steps to make transactions.

2. Software Wallet

Software wallets are applications that can be installed on your computer or smartphone. Some popular options include MetaMask, Trust Wallet, and Phantom Wallet.

Although it is more secure than hot wallets provided by exchanges, be careful of malware and phishing.

Security Tips

• Create a strong password: Use a combination of uppercase letters, lowercase letters, numbers, and symbols.
• Enable two-factor authentication (2FA): Add an extra layer of security to protect your account.
• Update software regularly: Make sure your wallet always uses the latest version to fix security vulnerabilities.
• Avoid sharing personal information: Do not give personal information or private keys to anyone.

Read Also: What is PeiPei (ETH)? Pepe The Frog with a Chinese Touch

Conclusion

Manta Network is an important player in the world of cryptocurrency focused on privacy and scalability. With advanced ZK technology and an ever-growing ecosystem, Manta Network has the potential to become a leader in the industry.

However, as with any investment, understanding the risks and doing your research before deciding to invest is essential.

How to Buy Crypto on Bittime

You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study Complete Guide How to Buy Crypto on Bittime. 

Monitor graphic movement of Bitcoin (BTC) price, Ethereum (ETH), Solana (SOL), and other cryptos to find out today's crypto market trends in real-time on Bittime.