We’re building an interoperable privacy layer for the Polkadot ecosystem.

With the Ethereum 1.0 main net launch in 2015, blockchain entered into a new, Turing-complete chapter. Fast-forward to now, and we are experiencing a tremendous level of adoption for on-chain applications, especially regarding decentralized finance (DeFi). While existing decentralized projects and applications are proving the need and demonstrating a market for DeFi, we believe that adoption is only beginning.

To take DeFi to the next level, we need to address the existing issues: the lack of privacy, speed, and interoperability. By introducing a top-tier product that addresses these problems, Manta intends to expand DeFi into a larger market with better conveniences and privacy provisions.To address those issues in the most efficient manner possible, we are excited to build our project as a Polkadot parachain. To enable fast and privacy-preserving transactions, we believe the underlying architecture must fulfill three characteristics that are available in Polkadot:

1. First, we need a fast runtime. We leverage zk-SNARK to guarantee privacy-preserving transactions on-chain. Although the verification process in the newer zk-SNARK schemes such as Groth16 is relatively quick and cheap, it can still be computationally intensive and taxing on other blockchains. Substrate uses a WASM-based runtime that supports compiling native Rust code to WASM. This makes it more efficient for our purposes than EVMs.
2. Second, to provide the best user experience possible with our privacy-preserving decentralized exchange (DEX) and transacting, we require a fast consensus. We want to achieve trustlessness through decentralization; as a result, we are building a layer-1 (L1) solution, which will reap the benefits of a fast consensus protocol. Polkadot’s GRANDPA consensus is one of the fastest consensus protocols available.
3. Last but certainly not least, we need interoperability. Leveraging Polkadot’s parachain architecture brings that interoperability to Manta. As a result, we can support any parachain assets that will leverage our interface. This brings tremendous opportunity to grow the Manta ecosystem.@MantaNetwork