Manta CeDefi
Hey guy's today we are going to learn further about $MANTA CeDefi
What is CeDeFi?
CeDeFi is a term that envelops both centralized finance (CeFi) and decentralized finance (DeFi) with an orientation to connect traditional finance structures with innovative, permissionless structures. This rather Mozarne-like model will endeavour to offer the security, compliance, and customer service characteristics typical of centralized systems whilst simultaneously retaining the openness, decentralised visibility and innate trustworthiness of decentralised systems.
Manta Network is amongst the pioneers of CeDeFi technology, which has initially targeted to provide private decentralized finance. With the use of more sophisticated cryptographic hashing methods as applied by the Manta Network, the anonymity of users and their activities as well as the ability to make transactions privately without compromising its security is ensured through the use of zk-SNARKs.
Some of the important things stated about the Manta Network are the following;
Privacy-Preserving Transactions: Manta Network utilizes zk-SNARKs to facilitate opaqueness or anonymity when executing transactions and thus maintain the users’ anonymity. This technology helps in confirmation and authentication of transactions without any exposure of more details.
Interoperability: Manta Network is said to have the ability to interoperate with other block chain networks to quite an extent. This guarantees that users are be able to employ Manta’s privacy features across the different structures and frameworks.
Scalability: It leverages layer-2 scaling solutions to provide users throughput on transactions while maintaining a high level of privacy and security. Thus, it is fit for high-scale applications and adoption in daily practices.
User-Friendly Interface: In terms of usability, Manta Network intends to focus on the organization logic and make it as simple as possible for its users. This is important to bring technical DeFi enthusiasts to the world of traditional finance users as well.
