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ZK Public Chain Manta Network to Cast zkBAB on Manta Antecedent Network Calamari

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According to reports, the ZK public chain Manta Network will support all holders of Coin An BAB (SBT issued by Coin An) and cast zkBAB on the Manta antecedent network Calamari, whi

ZK Public Chain Manta Network to Cast zkBAB on Manta Antecedent Network Calamari

According to reports, the ZK public chain Manta Network will support all holders of Coin An BAB (SBT issued by Coin An) and cast zkBAB on the Manta antecedent network Calamari, which means that Manta Network will connect with BNB chain via zkSBT for on chain DID.

Manta Network and BNB chain connect the DID on the chain through zkSBT

Manta Network, a ZK public chain, has announced that it will support all holders of Coin An BAB (SBT issued by Coin An) and cast zkBAB on the Manta antecedent network Calamari. This means that the Manta Network will connect with BNB chain via zkSBT for on-chain DID.

Introduction

Blockchains are meant to offer a secure, decentralized system, but this is not the case when it comes to identity management. Most blockchains rely on pseudonyms, which can easily be traced back to the user’s identity. Decentralized identity is a solution to this problem. It allows users to own, control, and protect their identities. Decentralized identity is made possible through decentralized identifier (DID) issuance and verification on a blockchain network.

What is Manta Network?

Manta Network is a privacy-focused DeFi infrastructure built on Substrate, providing universal privacy-preserving multi-asset DeFi opportunities. Manta Network aims to build a privacy-preserving and flexible DeFi ecosystem.

What is zkSBT?

zkSBT is a confidential token created by Coin An that enables privacy-preserving asset transfer and smart contract execution on the Binance Smart Chain (BSC) using zero-knowledge proofs.

How is Manta Network Improving Decentralized Identity Management?

With the integration of zkSBT for on-chain DID, Manta Network can provide even more anonymity to DeFi transactions. Manta Network will offer users the ability to issue and verify DIDs with zkSBT, meaning their identities can remain confidential while enjoying the advantages of on-chain transactions.

The Integration of Coin An’s SBT and Calamari

Coin An, the issuer of the SBT (Staked Binary Token), has partnered with Manta Network, whose flagship product is the Calamari network. The partnership will allow for interoperability between the two via the integration of Coin An’s SBT and Calamari, which allows for the creation of zkBAB tokens.

Conclusion

Manta Network’s support for Coin An BAB and the creation of zkBAB on Manta Antecedent Network Calamari is a significant step towards improving decentralized identity management. The partnership between Manta Network and Coin An will provide DeFi users with a more secure way to issue and verify decentralized identities.

FAQs

1. What is decentralized identity management?
Decentralized identity management allows users to own, control, and protect their identities on a blockchain network.
2. What is Manta Network?
Manta Network is a privacy-focused DeFi infrastructure built on Substrate, providing universal privacy-preserving multi-asset DeFi opportunities.
3. What is zkSBT?
zkSBT is a confidential token created by Coin An that enables privacy-preserving asset transfer and smart contract execution on the Binance Smart Chain (BSC) using zero-knowledge proofs.

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