Phala Network Enters Strategic Partnership with Manta Network
Phala Network is proud to announce its partnership with Manta Network.
This partnership will provide privacy and confidentiality to both the compute and transaction layers. Manta will provide the privacy DeFi functions such as minting, transacting, and swapping private tokens. Phala will provide functions like privacy swap, lending, and other functions in its privacy environment.
Manta and Phala are solving different layers of the same problem: user privacy,” stated Victor Ji, cofounder of Manta Network. “We are excited to to be working together with the talented team at Phala to combine both layers and offer a level of privacy preservation and confidentiality on Polkadot that can’t be found anywhere else.”
“It’s great to cooperate with Manta and enhance the privacy-preserving for all users on the Polkadot ecosystem. We believe that Manta and Phala’s collaboration will bring the next-generation experience of DeFi, serverless program and provide confidentiality use cases to the ecosystem.” said Marvin Tong, the CEO & Co-founder of Phala Network.
About Manta Network:
Manta Network is the plug-and-play privacy-preservation protocol built to service the entire DeFi stack. Built on Substrate to leverage interoperability and zkSNARKs to leverage scalable privacy, Manta Network offers a suite of products and services that enable privacy for blockchain projects. As part of its own suite of products, Manta Network offers private payment and a private decentralized exchange, MantaSwap.
About Phala:
Phala Network tackles the issue of trust in the computation cloud.
This blockchain is a trustless computation platform that enables massive cloud processing without sacrificing data confidentiality. Built around TEE-based privacy technology already embedded into modern processors, Phala Network’s distributed computing cloud is versatile and confidential. By separating the consensus mechanism from computation, Phala ensures processing power is highly scalable.
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