Manta -Blockchain for privacy in Defi

Manta Network is the multi-modular ecosystem for zero-knowledge (ZK) applications.

It has two networks-

Manta Pacific - Manta Pacific is the first layer 2  EVM-equivalent ZK-application platform that is scalable and secure through Celestia DA and Polygon zkEVM. It is launched in the joint vision of Celestia and zkEVM.Manta Pacific chain is fully compatible with the Ethereum Virtual Machine, allowing them to run standard Ethereum smart contract code without modification or recompilation.

It uses Celestia as the data availability layer which helps to reduce the data portion of transaction costs on the network for the end users.

Manta Atlantic -

It is the fastest and most decentralized ZK Layer1 supporting modular on-chain compliance identities.

Zero-knowledge proof is a method or process where one person (the prover) can prove to another party (the verifier) that something is true without revealing any information apart from the fact that this specific statement is true.

Rollups - This is a type of modular blockchain that specializes in execution and sends them to another modular blockchain to handle the other core functions.

Ring signatures-

 A ring signature is composed of the actual signer who is then combined with nonsigners to form a ring and it helps to mask the origin of the transaction. All members are considered equal and valid in this ring.

Manta Scalability and transaction costs:

Transaction per second- upto 10000

Transaction fees- flat fees of 0.30% of all transaction

MANTAUSD pared more than 15% after a jump of 35% from a minor bottom of $2.04.The pair holds well above the short-term (21 and 55 EMA) and long-term moving average. It hit a high of $2.79 and is currently trading around $2.46.

The bullish invalidation can happen if the pair closes below $2. On the lower side, the near-term support is $2.30. Any break below targets $2. Significant downtrend if it breaks $1.60.

The pair's near-term resistance is around $2.80. Any breach above confirms minor bullishness. A jump to $3.25/$3.60/$4 is possible. A surge past $4 will take it to $5.

It is good to buy on dips around $2 with SL around $1.60 for TP of $4.