Buy Manta Network

Manta Network is a blockchain that uses advanced zero-knowledge (ZK) technologies to promote privacy and scalability for users and developers. Manta Network consists of two main components: Manta Pacific and Manta Atlantic.

Manta Pacific is a layer 2 scaling solution on Ethereum and is designed for ZK applications compatible with the Ethereum Virtual Machine (EVM). This means that existing decentralized applications (dApps) and smart contracts on Ethereum can be easily ported to Manta Pacific. By leveraging ZK technology and Celestia’s data availability (DA) layer, Manta Pacific offers high scalability and low transaction fees. This allows developers to build applications that deliver high performance at a low cost.

Manta Atlantic is a layer 1 blockchain within the Polkadot ecosystem and focuses primarily on anonymity and confidentiality, using zk-SNARK technology. This allows users to convert tokens into private tokens, allowing transactions to be performed anonymously. This is especially useful for organizations and companies that want to perform internal transactions without exposing sensitive information.

With Manta’s Universal Circuits, developers can seamlessly integrate ZK technology into their dApps. This is done using Solidity, making it easier for developers to implement this integration. Manta Atlantic provides programmable identities for web3 via zero-knowledge Soulbound Tokens (zkSBTs) and non-fungible tokens (zkNFTs). This allows for the creation and use of confidential on-chain identities.

MANTA is the native cryptocurrency of Manta Network and can be staked to gain voting rights on important decisions within the ecosystem. Additionally, MANTA tokens are used to pay transaction fees on the Manta Atlantic network. Users can also use their MANTA tokens to participate in the Binance Launchpool, where they can earn additional tokens by staking their BNB or FDUSD.

Who founded Manta Network?

Manta Network was founded by Kenny Li, Victor Ji, and Shumo Chu. Kenny Li is an MIT alumnus with a background in business administration. Victor Ji holds a degree in public administration from Harvard. Shumo Chu is an assistant professor at the University of California and is a systems researcher at Algorand. The team is backed by several large investment funds such as Binance Labs and Polychain Capital.

Manta Network has various applications. Here are some of the scenarios where you can use Manta Network:

• Perform anonymous transactions: Using zk-SNARK technology, users can perform anonymous transactions, which is especially attractive to organizations that want to perform confidential internal transactions.
• Build scalable ZK applications: Integration with Celestia’s data availability layer and zkEVM technology allows developers to build cost-efficient and scalable ZK applications on Manta Pacific.
• Create on-chain identities: Manta Pacific offers the ability to create confidential on-chain identities using zkSBTs, which is useful for KYC verification and other compliance applications.
• Perform low-cost transactions: Due to the technologies and infrastructure used, Manta Pacific offers low transaction fees, which is attractive to users who want to perform microtransactions or leverage dApps.

When looking at how Manta Network works, it is important to distinguish between Manta Pacific and Manta Atlantic, each of which works in their own way.

Manta Pacific

Manta Pacific is designed as an EVM-compatible layer 2 blockchain. This means it can interoperate with existing Ethereum dApps and smart contracts. By leveraging zkEVM technology, Manta Pacific can offer high scalability and low transaction fees, which is crucial for the growth of ZK applications. Celestia’s data availability layer plays a key role in this, managing data availability in a cost-effective way.

Manta Pacific uses a modular architecture that reduces the load on the network by separating data processing from the consensus layers. This results in lower transaction costs and improved performance. The modular approach allows developers to integrate ZK features without major changes to their existing code.

Manta Atlantic

Manta Atlantic is a layer 1 blockchain that runs on the Polkadot network. It uses zk-SNARKs to provide high levels of privacy and anonymity. Users can convert their Polkadot tokens into private tokens on Manta Atlantic, allowing transactions to be completely anonymous. This is especially important for companies that want to conduct sensitive financial transactions without exposing their data.

Manta Atlantic's zkAddress system uses both public and private addresses. Public addresses are used for regular transactions, while private addresses (UTXO-based) are used for confidential transactions. This system offers flexibility and security for different types of transactions, making it attractive for a wide range of applications.

Celestia's Data Availability layer (DA)

Celestia plays a crucial role in Manta Pacific’s infrastructure by providing the data availability layer. It uses advanced techniques such as 2D Reed-Solomon erasure coding and Namespaced Merkle Trees (NMTs) to ensure data availability. This ensures that data is always accessible, even under high network load, and helps keep costs down through efficient data processing.

Universal Circuits

Manta’s Universal Circuits provide developers with an easy-to-use library to integrate ZK functions into their existing Solidity smart contracts. These circuits make it easy to perform complex cryptographic calculations without deep cryptography knowledge, promoting the adoption of ZK technology and making it accessible to a wider audience of developers.

The MANTA token has several functions within the Manta Network ecosystem. First, MANTA serves as a means of governance. Token holders can vote on important decisions that affect the future of Manta Pacific and Manta Atlantic, such as protocol updates and new partnerships. In addition, MANTA tokens are used to pay transaction fees on the Manta Atlantic network.

Another important function of the MANTA token is staking. By staking tokens, users contribute to the security and stability of the network and receive rewards in the form of additional MANTA tokens. Additionally, MANTA tokens can be staked to earn rewards via the Binance Launchpool by staking BNB or FDUSD.

The total maximum supply of MANTA tokens is set at 1 billion tokens. The tokens will be distributed across different categories, including community, team members, investors, and ecosystem developments.

When staking MANTA tokens on Manta Network, you stake your tokens to secure the network, validate transactions, and participate in the governance of the protocol. You stake MANTA by locking your MANTA tokens in the Manta Atlantic protocol. If you have your MANTA tokens on the Manta Pacific protocol, you must first move them to the Manta Atlantic protocol via the official Manta bridge. Don't have any MANTA tokens yet? You can buy MANTA at Bitvavo and move them to a compatible wallet.

To start staking MANTA, visit the official Manta staking website and connect your wallet by clicking the “Connect Wallet” button. Then, choose a trusted validator, click the “Stake” button, enter the amount of MANTA tokens you want to stake, and confirm the transaction. Through this process, you will complete your staking and contribute to the security and governance of the Manta Network, while receiving rewards for your contribution.

Manta Network has several features that make it unique and different from other projects in the blockchain space:

• Advanced privacy technology: Manta uses zk-SNARK to ensure anonymous and confidential transactions.
• Dual network: With Manta Pacific and Manta Atlantic, it offers solutions for different needs, from high scalability to full anonymity.
• EVM compatibility: Manta Pacific is fully compatible with the Ethereum Virtual Machine, allowing developers to easily migrate and deploy existing Ethereum dApps.
• Data availability with Celestia: By using Celestia's Data Availability layer, Manta Pacific offers low transaction fees and high scalability, attractive for dApps with many transactions.
• Universal ZK circuits: Manta's Universal Circuits make it easier for developers to integrate zero-knowledge features into their smart contracts with Solidity.
• Easy-to-use staking: Users can easily stake MANTA tokens to earn rewards and contribute to network security.

At Bitvavo you can buy Manta Network (MANTA). Our platform is suitable for both novice and experienced traders. Follow these steps to buy MANTA tokens via our website and app:

1. Log in to your Bitvavo account or create a new account.
2. Deposit money into your account by clicking "Deposit".
3. Go to the Manta Network (MANTA) buy page.
4. Enter the amount in euros you want to spend or the number of MANTA tokens you want to purchase, and click "Buy".

After purchase, your MANTA tokens will be automatically added to your Bitvavo account, where you can easily manage and trade them. Selling MANTA coins is just as easy, allowing you to quickly react to price and market changes.

You can safely store your MANTA tokens in your Bitvavo account. Bitvavo keeps the majority of assets in cold storage, which means they are stored offline for extra security. We also recommend enabling two-factor authentication (2FA) for extra security of your account.

Many software and hardware wallets support MANTA. After purchase, you can easily transfer the MANTA tokens to an external wallet by linking the wallet address to your Bitvavo account.