What is Manta Network????
What is Manta Network?
Zero Knowledge Proof ve Web 3.0
A technology first designed in 1985; comes to the rescue of blockchain projects these days. Zero Knowledge Proof ! Zero Knowledge Proof; In its simplest terms, it is a way of making the other party accept that a statement is true without explaining what it is. The party trying to prove the claim of the statement is called the 'Proofer' , and the party responsible for verifying it is called the 'Verifier' . Zero Knowledge Proof Technology is in great detail on our YouTube channel; We have a video as a guide, you can access it here .
The number of projects using ZKP has increased significantly recently. But among these projects, one of the most important; It is currently being developed in the Polkadot ecosystem. It is very likely to take a few steps ahead of its competitors with the innovations it brings; Manta Network!
What is Manta Network?
Manta; Web3 is the blockchain privacy platform for Defi and many more. With its brand new high-performance Zero Knowledge Proof infrastructure, it focuses on solving the privacy problem, which is one of the most important shortcomings of blockchains.
Manta; WEB3 compatible from day one; It is working to establish a scalable, composable and private network . With manta; Privacy can be brought to DeFis , NFTs , GameFis, DAOs , and countless other blockchain applications. Manta Network uses zk-SNARK technology to provide full privacy, high efficiency and cross-chain interoperability ; It is divided into 4 main applications.
- Decentralized Management
- BlanketPay
- MantaSwap
- MantaPlatform
Decentralized Governance
Manta and Calamari; It is a decentralized center, controlled and managed by its own community. You can participate in the governance by purchasing MANTA and KMA tokens, voting on governance proposals and focusing on the development of the protocol. You may be wondering where Calamari came from; Let's not interrupt the topic, we will satisfy your curiosity right after this section.
BlanketPay
For example; In Bitcoin , Alice sending 1 BTC to Bob is committed to the blockchain and can be observed by anyone. However, thanks to the brand new Zero Information Technology offered by Manta network, transactions are confidential and cannot be observed from the outside.
There are also projects in the industry, such as Zcash and Monero, that allow secret money transfers. With these projects; Coin transfers can be made by keeping the sending and receiving wallet addresses and the amount sent confidential . But this is where Manta's difference begins. Manta Network; Instead of creating a privacy token, it creates a privacy tool. 
Manta; It offers the Bring Your Own Token feature to the entire ecosystem and is powered by Polkadot Cross Chain Messaging technology; It supports all tokens in the DOT/KUSAMA ecosystem. Also Manta; In the future, it aims to add privacy to tokens on all blockchains, in addition to Polkadot, through inter-blockchain bridges. Another basic concept that provides this confidentiality to MantaPay is Shielded Address . Protected addresses are addresses that you can use over and over again for your private assets in Manta. These addresses are not associated with your real address. Thus, you can make transactions with MantaPay without worrying about your privacy and will not be exposed in on-chain analysis. The view key allows viewing the entire spending history of a protected address without leaking its spending secret. Each protected address corresponds to a single display key. This is useful for both accounting and regulatory compliance.
Mantaswap
manta platform
Manta Platform offers programmable custom assets. Developers; It can create exciting and privacy-preserving applications that the Web 3 world has never seen before. For example, you will be able to hold a private NFT auction.
Mantaswap and Mantaplatform are currently in the prototype stage and their development continues.
Now; In order to understand Manta better, we would like to briefly talk about the Polkadot ecosystem on which it was developed.
Polkadot ; As an alternative to Ethereum, which is struggling with high gas fees and scalability problems; It was created in 2016 by Ethereum co-founder Gavin Wood and a group of software developers. Polkadot is more like a Blockchain Hub than a blockchain, and is designed as a hub to which Tier-1 projects can connect. Manta network; By taking advantage of this important feature of Polkadot, it aims to reach all other layer-1 networks.
Meanwhile, connecting to Polkadot and running on the network ; Networks like Manta are called Parachains . 1-1 copies, or twins, of parachains that want to take part in the Polkadot network; It is first tested on Kusama, Polkadot's testnet. However, since the transactions made on the Kusama network have real financial values, it differs greatly from other blockchain test networks. We wanted to tell this because; Manta Network also has a twin sister in Kusama; Calamari Network
Calamari; It is currently an active project on the Kusama network and the Calamari token is traded at a high volume in the ecosystem. In this article, we will not talk more about Calamari; We will explain the Calamari project in a separate article in the future. By the way, if you noticed; We said Calamari is active in the ecosystem because Calamari's KMA token is currently; It can be bought and sold on major exchanges such as Bybit, Huobi, Kucoin, Gate and Mexc. 
Manta Network, which is the main focus of Manta and is under Polkadot; It is in development and has not yet been released as a token . Set; They are taking firm steps and continuing to get stronger day by day to achieve full privacy and security for their target Web 3.0, Defi , NFT and much more.
For Manta, whose pre-sale and listing program has not been announced yet; We can consider this as an advantage. The opportunity to invest early in such important projects is often not achieved, because by the time you see the project, it is already too late. It is of great importance to catch the opportunity early on to follow, interact and be active in social media communities. Additionally, we will explain the details shortly; By participating in the Testnet Stages of the project , you can be one of the first winners. You can collect tokens before anyone else with reward events and Airdrops.
So far, we think the general purpose of the Manta project is understood. Before diving into the whitepaper and getting into technical details; Let's talk about the partners and investors of the project.
Manta Network Partners and Investors
At first glance; Important projects from the Polkadot network, especially Acala and Parallel Finance; We can see that Manta is among his partners. As for investors; A few of the market's largest financial institutions stand out immediately; specifically BinanceLabs . Binance Labs, the investment leg of Binance, the world's largest stock exchange; In addition to its strategic investment in Manta, it also supports Manta Network's efforts to develop innovative products, services and technologies that enable decentralized on-chain privacy. After the project is offered for pre-sale via auction on the Dot network, it seems very likely that it will be listed on the Binance exchange. In fact, Binance had previously organized Polkadot Auctions via Dot Staking on its own platform; We think they can do the same for Manta Network. By the way, what is Dot Slot Auction? We recommend you to review our article about Polkadot pre-sale details here .
Of course, it is not only Binance that invests in such an important project; Alameda Research, the largest investment pillar of the Solana network, is also among the supporters of the project. Moreover; Important fund capital groups such as Polychain Capital, Defiance Capital, Parafi Capital, Multicoin and Spartan have invested in Manta. Manta too; With the strength it receives from such great support and investment; continues its development with firm and confident steps.
Manta Network Roadmap
In the last quarter of 2020; To create a decentralized anonymous payment system, Web3 started by receiving a foundation grant. By 2021; First, Calamari network was activated, Manta Network's first testnet was published and they continued to collect investments from important capitals. Manta Network, which started 2022 with a bang with its investment in Binance, added the Polkadot cross-chain messaging feature to its library and launched the 2nd phase of the Testnet. Developments regarding Manta Network, which constantly keeps its road maps updated; You can follow it step by step in more detail from the notion application. The most important goal, planned to be completed in the 3rd quarter
of 2022 , is tokens initially distributed as Proof-of-Authority Proof of Authority (PoA); is now moving to Delegated Proof-of- Stake (DPoS), which has significant impact on network security, incentive and token economics. In addition, the staking feature will start at the end of this quarter and in addition, in the near future, MantaPay; It will be launched on the Calamari network. Let's take a look at Manta Network's Testnets .
Manta Network Testnet
We would like to point out that Manta network Dolphin Testnet -2, which you can access from our website labs.pusulafinans.com, is currently ongoing. After months of development, Manta Network has released Dolphin v2, which will give users back their privacy rights faster and more securely. Dolphin v2; It offers the chance to test and trial protocols before they are released on Calamari and Manta.
Launched in December 2021, Dolphin V1 processed over 60,000 unique transactions with 6,000 unique wallet addresses. Since the goal of Dolphin v1 was to gather as much feedback as possible from the core community, there was no incentive reward program. Despite this, 500 responses and thousands of feedback were collected and reviewed one by one to create Dolphin v2. For the V2 testmet phase, unlike the V1 testnet phase; The incentive reward program was also announced. You can qualify for Airdrop Rewards by filling out the Dolphin v2 feedback form and completing other instructions in the Gleam campaign. Let's remind again; To participate in the testnet and reward event, you can follow the step-by-step instructions on our website. You can access the testnet here . In addition, MantaSwap and MantaPlatform prototypes will be put to test in the future, that is, by constantly monitoring and actively; You can be one of the first winners of the project. Now it's time to dive into the technical details that make the Manta ecosystem and applications work; Manta; It offers us two networks ; The Calamari Network in Kusama, which we mentioned before, and the Manta Network, which is the main subject of this video. Manta, developers; It allows creating interoperable, easy-to-use, high-performance, auditable, end-to-end privacy guaranteed and decentralized applications. By the way, one of the most important factors in making Manta such an effective and important project is the project's team. In the team; There are many experienced US cryptocurrency experts, professors and academics who have worked in important institutions such as Harvard, MIT and Algorand . They are active on social media and constantly explain and promote the project with presentations. Compared to traditional finance; Defi 's are more important because they are decentralized. However, existing DeFi services; It still has critical issues regarding privacy, scalability, ease of use and liquidity . Although transactions are anonymous, malicious actors can use transaction graph analysis to match user IDs to addresses. Since blockchain information is immutable, the cost of user privacy leakage is immeasurable.
Manta Network ve Zero Knowledge Proofs
To bring complete privacy and security one step closer to reality, Manta; It offers two basic zero-knowledge concepts. zkAssets and zkAddresses, that is, Zero Knowledge Assets and Zero Knowledge Addresses
What is zkAssets?
zkAssets; It is a new class of crypto assets where confidentiality, integrity and access policy are protected by zero-knowledge proofs. In simple terms, we can think of it as a mirror reflection of real coins. The information and assets used in all transactions between Alice and Bob, seen in the picture, will remain confidential on the chain. Zk Assets also have the following features:
- Flexible Asset Types: For example, ERC20-like coins or NFTs .
- Default Privacy means the asset owner's address and types of assets are encrypted on-chain.
- Disclosure in Will: More specifically, asset owners can disclose asset transaction history to auditors without having to disclose the expense private key.
- Configurable Asset Policy : The zkAssets issuer can customize the access control policies of a zkAssets. For example, access control policies can be created, such as KYC rules, having or not having the ability to blacklist hacked entities.
What is zkAddress?
zkAddress ; It is the public key infrastructure for zkAssets and consists of 3 important parts.
- zkAddress: A zkAddress is required to retrieve any zkAsset.
- View key: A special transaction key for viewing the complete transaction history of a zkAddress.
- Spending Secret: It is randomly generated and generates the other two keys namely zkAdress and view key.
Another application of Manta is; Manta Signer
Blanket Signer
Signer; It is a secret manager and zero-knowledge proof generator for use with Manta Network, Calamari Network, and Dolphin Testnet .
Why is Manta Signer Needed?
ZKPs are an integral part of the design and functionality of Manta protocols. Secrets that only you know represent your identity on blockchains. Signer will be the computational extension of these secrets and generates evidence based on them. You can then send this evidence to the blockchain to update the ledger with changes only you can make. The goal is to improve the performance of generating zero-knowledge proofs to eventually get rid of the signer.
Finally; We would also like to explain the details of the Manta token, which will be released soon!
Manta Token
$MANTA token ; It is the first deflationary governance token that protects privacy in network uses, benefits from the growth in DeFi , and has token burn. In addition, MANTA token holders have a say in the management and have the right to submit proposals, as well as being rewarded with income arising from Manta Pay and Manta Swap usage fees. The main income sources of the Manta Governance Protocol are divided into 3.
Revenues from users,
- By replacing its core tokens with an equivalent number of privacy tokens (0.1%)
- By converting privacy tokens to base tokens (0.1%)
- It is earned by transferring it from one address to another address.
These recurring revenues will bring benefits such as redemption and governance value to $MANTA tokens. 
The total amount of MANTA tokens will be limited to 1,000,000,000 units. 38% of the Tokens are allocated for mining rewards, and 18% are allocated for development. The share of teams and consultants is 15% in total; The early, strategic and pre-sales share will be limited to 29%.
With the Staking Function; With a mechanism they call game theory, they will encourage token holders to act honestly. While good aggregators will be rewarded by this mechanism, bad aggregators will lose their share in the network. With this mechanism, it will be ensured that the network remains secure. Meanwhile , Stake reward will come from transaction fee collections.
Last word
No decentralized swap platform can protect user privacy end-to-end in the current Polkadot ecosystem or other crypto world due to technical difficulties. Manta is being developed to fill this gap perfectly. Manta; It will be indispensable for all users who need privacy protection, especially corporates. Therefore, we expect Manta to become a leading privacy-protected decentralized platform in the Polkadot ecosystem and the entire cryptocurrency market.
