Manta Network - your privacy is in your hands!

in #manta2 years ago

Статья 2(02.02.2022).jpg

Today, decentralized finance is gaining more and more popularity. The convenience and speed of use, as well as additional profit opportunities that have appeared in the era of DeFi, attract more and more users every day. But at the same time, the problem of lack of confidentiality is becoming more acute. On the one hand, all your funds are stored on your wallet, which is owned only by you, and with a minimum investment of time using decentralized exchanges, you can easily exchange one asset for another. But one thing remains - anyone who knows your address can see all the actions that you performed, all transactions and also the balance of assets. Centralized exchanges - exclude the possibility of getting information about your transactions to anyone, but at the same time, the ownership of your assets also remains in question.
This is a dilemma we face every day in the crypto space.
Manta Network at the final stage of implementation will provide us with the opportunity to use decentralized finance without worrying about data privacy.
Manta Network is a privacy-preserving automated market maker (AMM) DEX called MantaSwap. Manta Network is a parachain in the Polkadot ecosystem.
The Manta Network is working on implementing ZkSNARK at the blockchain level. ZkSNARK is a cryptographic technique that allows two entities to verify information with each other without having to share the underlying data associated with it. The use of Manta ZkSNARKS can ensure the confidentiality of transactions and the identity of the user.
In fact, this is really great - no one except the owner of the wallet can track transactions.
The Manta Network development team, right at this stage of development, is busy creating a solution that will be as convenient and easy to use as possible, and most importantly, will ensure data privacy.

Follow Manta Network:
[Website] [Telegram] [Twitter] [Github] [Discord]

Author: Telegram: @TetianaTan
Discord: TetianaTan#9147
Twitter: @Tetianawww

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