The blockchain world is constantly evolving, and layer-2 solutions powered by zero-knowledge (ZK) proofs have gained significant attention. And now, a new player has entered the ecosystem as Manta Network launches its ZK-as-a-service platform. Manta Pacific, a modular L2 platform, is specifically designed to support Ethereum Virtual Machine (EVM)-native decentralized applications (DApps) by utilizing ZK-proof technology. With a user-friendly software development kit and ZK library, developers can enjoy the convenience of plug-and-play functionality.
One of the key advantages of Manta Pacific is its EVM-native nature. This means that applications deployed on Ethereum can be seamlessly executed on Manta Pacific, and vice versa. Furthermore, the platform offers low gas fees and enhanced scalability, thanks to its ZK-enabled feature. Developers can also bridge Ethereum to Manta, providing a smooth transition to explore the new development environment.
Competition in the ZK-proof L2 Solutions Market
Manta Network is not alone in the quest to provide ZK-proof L2 solutions. Industry giants like Consensys’ Linea zkEVM, Polygon zkEVM, Starknet, Coinbase’s Base, and zkSync Era are also vying for the attention of Web3 developers. Each solution offers unique value propositions to address the challenges faced by developers in the blockchain space.
As the market matures, Manta Network believes that there will be a convergence towards a small number of available solutions that prioritize ease of use for developers. The goal is to simplify the building and deployment of ZK-enabled applications. This approach aligns with the evolution of Web2 technologies, where software-as-a-service models gained significant success by adopting a plug-and-play approach. By abstracting the complexity of cryptography, developers can focus on their applications without worrying about the underlying infrastructure.
According to Kenny Li, a core contributor at Manta Network, Manta Pacific has been in development for nine months. The platform’s testnet launch in July 2023 witnessed the creation of 150,000 wallets and over 3.5 million transactions. To further scale the project and drive adoption in the Asian market, Manta raised $25 million from investors in July 2023.
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The launch of Manta Network’s Manta Pacific further enriches the ecosystem of layer-2 blockchain solutions powered by ZK proofs. With its EVM-native capabilities, low gas fees, and scalability, Manta Pacific provides an attractive option for developers seeking to build and deploy ZK-enabled applications. As the market evolves, a convergence towards a select few solutions is expected, simplifying the development process. Manta Network’s testnet success and significant investment demonstrate the growing interest in this innovative platform.