Manta Network deploys L2 Manta Pacific to scale zk adoption

Manta Pacific is built using OP stack and will rely on Celestia for data availability

article-image

JENG BO YUAN/Shutterstock modified by Blockworks

share

Manta Network, a multi-modular ecosystem for zero-knowledge (zk) applications, has deployed its native layer-2 ecosystem, dubbed Manta Pacific.

Manta Pacific is built using Optimism’s OP stack and relies on Celestia for data availability (DA). Unlike other rollup solutions, it is designed for zk applications using what the company calls “Universal Circuits.”

Zero-knowledge applications prioritize privacy. They are designed to prove the accuracy of information without revealing the details of the information itself. 

Universal Circuits were designed by Manta to offer Solidity developers the ability to easily enable zk features with a limited amount of code, Kenny Li, co-founder of Manta, told Blockworks. 

“Much like Solidity developers don’t have to worry about infrastructure, they should not have to worry about the cryptographic guarantees offered by zk to deliver value to their users,” Li said. “With Universal Circuits, we abstract away all of the complexity of cryptography away from the developer, and they can enable zk services with just an SDK.”

This means developers can create private payment solutions for DeFi platforms and verify user identity for on-chain social apps. 

By separating the DA layer from the execution and settlement layers, the network can significantly reduce gas costs of on-chain transactions, Li explained.

“This benefit is passed down to the user in the form of much lower gas fees than other existing layer-2s,” Li said.

Since launching its testnet last month, the rollup solution has seen more than 200,000 wallets created and processed over 3 million transactions.

“We already have our first Universal Circuit, zkShuffle, deployed in its alpha stage,” Li said. “zkShuffle allows developers to build imperfect information games on-chain, specifically around shuffling and dealing cards.”

ZkShuffle functionality extends to many variants of imperfect-information-based on-chain games, Li said. An example of this is zkHoldem, a gaming project that uses the tech for on-chain Texas hold ‘em.

The team will expand its services, with a specific focus on Asia. Li told Blockworks that approach is being taken because trading and gaming are major industries in the region.

“We are seeing a very fast growth in interest from Asia, but at the same time the overall community enthusiasm from a market perspective has been strong as members all around the world anticipate the launch of our mainnet,” he said.


Don’t miss the next big story – join our free daily newsletter.

Tags

Upcoming Events

Hilton Metropole | 225 Edgware Rd, London

Mon - Wed, March 18 - 20, 2024

Crypto’s premier institutional conference returns to London in March 2024. The DAS: London Experience: Attend expert-led panel discussions and fireside chats Hear the latest developments regarding the crypto and digital asset regulatory environment directly from policymakers and experts.

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research

Research report - cover graphics (1).jpg

Research

In this report, we dive into crypto private market data to gather insights on where the future of the industry is headed. Despite a notable downturn in private raises, capital continues to infuse promising projects that aim to transform payments, banking, consumer experiences, community, and more, with 2023 being the fourth-largest year for crypto venture capital.

article-image

Revolut said that the standalone crypto exchange is currently “invite only”

article-image

The stock price jump comes after Coinbase reported ending its seven-quarter run of net losses during the fourth quarter

article-image

BUZZ holds shares of Coinbase, Robinhood and MicroStrategy

article-image

Opinion: Even though I didn’t pay for my “Diamond Hands” burger with BTC, don’t let that fool you into thinking that crypto’s development is futile

article-image

The results mark “a major positive inflection point,” one analyst says, as the exchange carries net income momentum into a crypto rally

article-image

While the slate of 10 US spot bitcoin funds have tallied $4.6 billion of net inflows thus far, half of the field is lagging the leaders