Manta Network and Acala successfully achieved cross-chain communication
Manta Network announced that it has successfully achieved cross-chain communication with Acala on the test network through XCM. This cooperation demonstrates the composability within the Polkadot ecosystem, and also verifies Manta's ability to make parachain assets private.
Privacy assets are redeemed as original assets on the Acala chain.
Both teams successfully transferred assets from the Acala chain to the Manta chain;
Assets are successfully privatized on Manta;
Privacy assets are redeemed as original assets on the Acala chain.
Cross-chain communication and composability are the main value propositions for the Polkadot ecological project. The success of the cross-chain communication between Manta and Acala just verified the feasibility of these functions.
Especially for Manta, these features of Polkadot can provide privacy protection for any other parachain assets, not limited to the private transfer of Manta assets. Moreover, the privacy of parachain assets will empower Manta's private decentralized AMM trading platform MantaSwap.
About Acala
Acala is the world's first decentralized open financial alliance and the Polkadot Ecological Finance Center, which aims to create an open financial framework in conjunction with the Polkadot ecosystem, bringing financial stability, liquidity and accessibility to global encrypted assets. At present, core Layer 1 modules such as cross-chain multi-asset mortgage lending agreement, release of Staking asset liquidity agreement, and DEX have been launched. In addition, Acala has also added an EVM-compatible smart contract module, allowing Solidity developers to use minimal Migration costs enter the Polkadot ecosystem.
Manta Network is Polkadot's first on-chain privacy protection project. It provides DeFi users with the highest security level of on-chain privacy protection through the cryptographic technology zkSNARK, aiming to become the privacy protection infrastructure of the entire decentralized finance. Manta’s early products include MantaPay, a private payment protocol, and MantaSwap, the first private DEX protocol in the Polkadot ecosystem. Based on the Substrate framework, Manta can provide plug-and-play privacy protection services for the entire Polkadot ecosystem.
About Manta Network
Manta Network is Polkadot's first on-chain privacy protection project. It provides DeFi users with the highest security level of on-chain privacy protection through the cryptographic technology zkSNARK, aiming to become the privacy protection infrastructure of the entire decentralized finance. Manta’s early products include MantaPay, a private payment protocol, and MantaSwap, the first private DEX protocol in the Polkadot ecosystem. Based on the Substrate framework, Manta can provide plug-and-play privacy protection services for the entire Polkadot ecosystem.
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Manta has previously completed a million-dollar seed round financing led by Polychain, with participation from Three Arrows Capital, Multicoin, Alameda, and Hypersphere. Manta is also a grant recipient of Polkadot's official Web3 Foundation, a member of the Substrate Builder Program, and a member of the Berkeley University Blockchain Accelerator.
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