𝗞𝗲𝗻𝗮𝗹𝗮𝗻 𝗱𝗲𝗻𝗴𝗮𝗻 𝗞𝗼𝗶𝗻 𝗠𝗮𝗻𝘁𝗮 is a modular blockchain built for zero-knowledge (ZK) based applications. Manta Network has two main networks, namely Manta Pacific and Manta Atlantic.
𝗠𝗮𝗻𝘁𝗮 𝗣𝗮𝘀𝗶𝗳𝗶𝗰 is a layer-2 built on top of Ethereum. Manta Pacific uses ZK technology to deliver faster and more private blockchain applications. 𝗠𝗮𝗻𝘁𝗮 𝗔𝘁𝗹𝗮𝗻𝘁𝗶𝗰 is layer-1 built on top of Polkadot. Manta Atlantic is claimed to be the fastest layer-1 on Polkadot which uses ZK technology.
𝗙𝗶𝘁𝘂𝗿 that Manta Network is Interesting for Developers 𝗪𝗲𝗯𝟯: 1. Low Fees, High Scalability 2. Developer-Friendly 3. New ZK Use Cases 4. Non-Invasive Compliance 5. A Growing Ecosystem
𝗣𝗲𝗻𝗱𝗶𝗿𝗶 Manta Network? Manta Network was founded in 2020 by Victor Ji, Shumo Chu, and Kenny Li, all three from major institutions such as Harvard, MIT, and Algorand. Manta Network succeeded in getting investment funds from web3 investment
Additionally, its participation in leading web3 accelerators, such as Alliance DAO and Berkeley Blockchain Xcelerator, demonstrates Manta Network's commitment to growth and innovation in the crypto ecosystem. Manta Network seems ready to bring the me generation
$DYM Dymension (DYM) is a unique blockchain network, featuring RollApps for applications such as gaming and DeFi, and powered by Dymension Hub for efficient network management. It uses Data Availability Network for improved data handling and offers a developer-friendly RollApp Development Kit.
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With tokenomics revolving around the DYM token, which is integral to network operations and user rewards, Dymension positions itself as a transformative force in this space.
Furthermore, this modular architecture and strategic token distribution positions Dymension as a transformative force in this space.
Dymension Digital Assets (DYM) and Their Functions
Source: The Block
The DYM token was introduced alongside the launch of the mainnet as a native asset of Dymension, critical to the ecosystem security, growth and sustainability of RollApps. The Genesis Rolldrop marks the start of the Rolldrop season, with eligible users able to claim their airdrop until January 21, 2024.
This token distribution approach is designed to encourage community participation and ensure strong growth of the Dymension ecosystem. This includes incentives for bridging and providing liquidity, encouraging further engagement in the network.
Pyth Network is an oracle project built on top of the Solana network. Blockchain and smart contracts are closed systems where there is a strict process for connecting with external data sources.
Oracle projects such as Pyth Network provide a way to securely provide off-chain data to a blockchain (onchain) environment.
This article discusses in detail about Pyth Network from understanding to tokenomics.
What is Pyth Network?
Pyth Network is an oracle that provides financial market data primarily for decentralized finance (DeFi). The platform combines an accurate and real-time price database for various assets including cryptos, stocks and commodities.
Purpose of Pyth Network
Its main goal is to connect traditional financial markets with the DeFi space, promote transparency, and support various blockchain-based financial applications.
Founder of Pyth Network
Pyth Network was founded in 2021 by the Pyth Data Association team with director Mike Cahill. Prior to serving as director, Cahill had 13 years of experience in the conventional financial services sector, including working at Nomura Securities and Cboe Global Markets (CBOE), he then joined Jump Crypto in 2019.