The Manta Network and Phala Network partnership

Mokhamed Savazh
2 min readJun 4, 2021

--

The Polkadot ecosystem is about to bring new great features to the Manta Network project. And this will work after the partnership between Manta Network and Phala network. To be more exact, the last one is a Substrate-based project that presents private computing for the system of Polkadot with the help of TEEs (which are trusted execution environments). This great connection is going to deliver full-stack privacy to the whole ecosystem of Polkadot.

Anonymous transacting will be delivered to the Manta’s layer of privacy and will form a “bring-your-own-token” type. This fact will provide users with private transactions in significant crypto-assets (like Wrapped Bitcoin, Ethereum, as well as Polkadot and its parachain assets).

The confidential computing network of Phala is going to offer a Turing-complete ecosystem for the Polkadot. This will make it possible to run compute assignments in the way of privacy (smart contracts and other applications will be included).

Compute and transaction layers will be private and confidential with the partnership of Manta and Phala Network. Moreover, from the Manta’s side, there will be implemented such functions of DeFi as transacting, swapping private tokens, and minting as well. From Phala’s side, there will be available privacy swap, lending, along with the other functions.

With both of these powerful projects, the data layer will be fully protected, and the users will be able to feel full freedom and privacy while working in the Manta Network system.

Follow Us: [Website] [Telegram] [Twitter] [Github]

🍽 — Subscribe Us | Website | Twitter | Github
🥤 — Discord | Forum | Telegram

--

--