Key Points:
Users may now create new zkSBT using Manta Network’s NFT Private Offerings (NPO) platform as long as they complete one of two Linea NFT campaigns.
Vitalik Buterin, the co-founder of Ethereum, was the first to propose Souldbound Tokens. They work similarly to NFTs, except that they cannot be exchanged and are linked to the identification of a person or organization. These might be used for medical records or certifications as well.
These zkSBTs will provide users with a decentralized, trustless, and private mechanism to authenticate their true identities while preventing any information or data leakage regarding their on-chain behavior.
The revolutionary tokens will employ Linea’s zkPioneer, as well as a unique Manta invention called Proof Key, to allow any Web2 or Web3 application to validate a user’s information without connecting to a wallet.
Manta Network is a layer 1 blockchain built on Polkadot’s Substrate framework. Manta Network’s vision is to create a privacy smart contract platform, to achieve that, the project uses zk-SNARK to provide anonymity, high throughput, and cross-chain interoperability.
Currently, Manta Network is the only anonymous DeFi product that is compatible with all asset classes, including stablecoins, and provides security using cryptography instead of hardware.
Compared to public blockchains that also adopt Zero-Knowledge Proof (ZKP) technology like Findora, Manta Network can support multiple cross-chain assets in Polkadot’s ecosystem. At the same time, Manta Network also reduces repetitive work in the evolution of Polkadot’s consensus layer ecology.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Harold
Coincu News
London, United Kingdom, May 2nd, 2024, ChainwireAI-powered Telegram trading bot, Bitbot, has surged past the…
The partnership aims to streamline PayPal cryptocurrency purchases, enhancing accessibility and security.
BNP Paribas, the continent's second-largest bank, has made a bold move by acquiring shares of…
April witnessed a flurry of activity in the crypto VC space, with the release of…
On May 2, the burgeoning market for cryptocurrency spot ETFs in Hong Kong witnessed a…
Federal Open Market Committee (FOMC) meeting, Chairman Jerome Powell delivered a message of monetary policy…
This website uses cookies.