The partnership of Manta Network with ChainX
On the 28th of April, Manta Network has proudly announced another important partnership that will take the project to the opening of new horizons — ChainX. High-performance transaction management and interoperability are two main features of the ChainX.
In this wonderful collaboration, Manta Network and ChainX are planning on an alliance “plug-and-play” private protocol of Manta with ChainX.
The first thing to do is the implementation of private XBTC transacting on ChainX’s side to propose users the capability of transacting BTC on other chains.
According to the words of Manta’s co-founder Victor Ji, they are planning “to bring privacy to every token”. He has also noticed that with the help of this partnership, Manta Network is able now to start delivering its promises. Security and privacy will be brought to the most significant cryptoasset in the whole market. It is very exciting to find out how users will accept that and how they will deal with XBTC integration.
Within this collaboration, Manta Network will also start researching more about the encrypted messaging app created by ChainX’s team. Together with ChainX Manta will make it possible to integrate private payment of XBTC to that messaging app.
ChainX is the newest project that was started in the ecosystem of Polkadot. And it is performed for the analysis and application of Bitcoin layer 2 extensions. Moreover, ChainX’s goal is to be a digital asset gateway and to lead the new direction of Bitcoin Cross-DeFi.
Though you already know a lot about Manta Network, it will be useful to remind you that this is the plug-and-play privacy-preservation protocol that is created to help the entire DeFi stack.
It is based on Substrate with the goal of leveraging the interoperability and zkSNARKs to leverage scalability and privacy.
Manta’s team is working hard on the new solutions and new features that empower privacy for blockchain projects. The project has also created a private payment and a private decentralized exchange called MantaSwap. It is a very promising project that has already closed a $1.1m seed round (that was led by Polychain).
