In the past few months, the Manta Network team has been active in every corner of the world. Whether it is the annual events of the entire Web3 industry, such as Token 2049, the 6th DEVCON Ethereum Developer Conference, or large and small regional blockchain weeks, such as SF Blockchain Week, Vietnam Blockchain Summit 2022, Lisbon Blockchain Week, or university blockchain conferences such as Columbia University, Manta's core contributors have left their voices.
In fact, with the prosperity and growth of DeFi, Ethereum has completed the merger and upgrade, and the privacy protection and privacy computing of smart contracts and off-chain data have become new rigid needs. More and more head VCs and developers are still entering the market, and the competition in the privacy track is becoming increasingly fierce. Zero-knowledge proof has become a popular school in recent years. As Polkadot's first on-chain privacy protection protocol based on zero-knowledge proof, it has been supported by top investment institutions such as Polychain, ParaFi, and Binance Labs. After nearly two years of development, it has become a strong player in the privacy track. It is no surprise that the industry needs Manta Network.
From a technical perspective, Manta has a very strong cryptography team in the industry. Our zero-knowledge proof protocol is inspired by Zcash, but at the same time it is much more powerful than Zcash. There are basically three points: first, ZCash is a single-asset privacy protocol, and Manta is a multi-asset privacy protocol; second, Manta supports more asset types than Zcash. The latter only supports Fungible tokens at the beginning, while we support both Fungible tokens and NFT (non-fungible token); third, the implementation of Manta privacy protocol is much more efficient than ZCash. For example, Manta generates zero-knowledge proofs 10 times faster than ZCash. In addition, based on the entire Polkadot ecosystem, we make good use of Polkadot's cross-chain protocol XCM to open up the privacy layer of the entire Polkadot asset.
Manta Network introduces a novel and groundbreaking governance model solution that balances democracy and efficiency through a five-layer system of checks and balances. Manta Network is the fastest growing Ethereum L2, and its modular approach to architectural design enables it to make full use of emerging technologies and continue to provide users with the value of changing needs now and in the future.
To maintain a successful development process while achieving decentralization, Manta Network's governance model promises to balance fairness, democracy, innovation, and contribution, auditing, and growth as a co-prosperous ecosystem.
Manta Governance 2.0: Five Governance Checks and Balances and Roles
With the implementation of Manta Governance 2.0, the network will transform into a more complex and balanced system. The introduction of the concept of five governance checks and balances ensures a strong governance framework.
Legislative Council: Here, $MANTA token holders make decisions on the network roadmap, vision, token economic model, and utility. Members of this committee are selected for their deep understanding of blockchain economics and community needs, ensuring that the strategic direction of the network is aligned with the broader goals of growth and innovation.
Executive Council: Managed by the Manta Foundation, the Executive Council translates the decisions of the Legislative Council into action, focusing on network operations, user education, and research and development. Members of the Executive Council are selected for their expertise in blockchain technology, education promotion, and operations management.
Judicial Council: Responsible for overseeing grant allocation and implementing governance tools to ensure and achieve a fair democratic process, including services such as Snapshot and zkVote. Its members are experts in governance systems and decentralized voting mechanisms, ensuring fairness and transparency in the allocation of network resources.
Examination Council: Responsible for managing the Manta Foundation member election process, the committee adheres to the principles of democratic elections and accountability. Every two years, $MANTA $MANTA on the Manta Pacific platform elects foundation members responsible for executing governance decisions. Its members are recognized for their experience in the election process and governance structure, ensuring the integrity and transparency of the election of foundation members.
Control Council: As an audit department, it plays a key role in overseeing the entire governance process and maintaining the integrity of the network. The members of the Examination Council are selected for their background in auditing, compliance, and risk management, providing the necessary supervision and quality assurance layer. The inaugural members of the Supervisory Board include authorized representatives from well-known entities such as Cointelegraph, Veridise, Celestia, Polygon, and Polychain.
As #MantaRWA生态 continues to grow, it becomes a model for innovation in blockchain governance. Become part of a network that is not only leading in technological advancement, but also redefining governance standards in the blockchain world. Manta's commitment to innovation, transparency, and sustainable growth is not just a promise, but a new vision in the blockchain space.
$MANTA #MantaRWA生态 @Manta
