The Manta Network blockchain undertaking funded by Polychain Capital and Binance Labs has announced the implementation of layer two termed Manta Pacific on the mainnet.
Manta Network deploys Layer-two on the mainnet
According to the hottest announcement from Manta Network, the Layer-two Pacific resolution has officially launched on the mainnet right after the finish of the testnet phase.
🚀 Launch of the Pacific Alpha principal network
Users all around the planet can now interact with the modular L2 EVM for ZK-enabled applications.
Learn far more: https://t.co/NRc5jBfJ6e pic.twitter.com/apeEJWzUm0
— Manta Network (🔱,🔱) (@MantaNetwork) September 12, 2023
As of July 2023, the developer of Manta Network was p0x labs effectively raised $25 million for Series A round, with leadership from Polychain Capital and Qiming Venture Partners. This round of capital raising brought the complete valuation of the undertaking to $500 million.
Regarding technological innovation, the undertaking stated that Manta Pacific Level two is an EVM-compatible deployment degree mixed with Zero Knowledge (ZK)supports consumer information and facts protection attributes.
Manta Pacific will use the class Data availability from Celestia to improve protection and minimize charges. Furthermore, the challenge of scaling will be supported by OP Optimism Stackby means of the Caldera lean resolution.
Kenny Li, a single of the principal contributors of Manta Network, shares:
“After a successful testnet period, Manta Pacific will leverage its strengths by leveraging Celestia’s level of data availability to deliver on-chain interactions at a lower cost than other L1s and L2s.”
Manta Pacific’s testnet phase is also thought of a accomplishment by the undertaking. Layer-two garnered participation from 150,000 wallet addresses, as properly as the on-chain gaming application zkHoldEm, identification resolution zkMe, and information verification zkPass.
Coinlive compiled
Join the discussion on the hottest problems in the DeFi marketplace in the chat group Coinlive Chats Let’s join the administrators of Coinlive!!!
