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Manta Network Drawing a Veil of Privacy Over the Crypto Market

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Due to a combination of a bull market, spare time wrought from the onslaught of the pandemic, pent-up cash and investing apps like Robinhood, many hundreds of thousands of new traders started trading the financial stock markets and crypto arena.

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However, the difference between professionl, institutional and new retail traders is the level of experience and expertise they have.

Reddit has talked up many stocks and crypto tokens, these are generally bought by new traders.

It is clear that they are missing a few major advantages available to more experienced traders, which include the speed of trades (HFT) .

Thanks to algorithms, the use of technology and market analysis, knowledge of price action, and fundamental drivers.

Algorithms and trading bots alone make up a huge percentage of the trading volume the markets see each day. Classically, these have not been available to retail traders.

Automated trading and High Frequency Trading

That is where blockchain-based products like AMM (automated market makers) and trading robots, specifically built for crypto traders shine.

They trade on a client’s behalf, with the goal of minimizing risk and extending capital through maximum gains.

These products can bring liquidity into the crypto market, which has been one issue for traders.

According to Manta Network, a privacy-preserving decentralized exchange “The problem we see today is that the blockchain lacks privacy, interoperability, and usability, which trickles down into many other issues.

That’s why Manta Network is built. A layer-1 solution, which means that privacy will exist in the core architecture, rather than sitting on top of another blockchain.

By using Substrate, we can take advantage of the interoperable ecosystem that Polkadot brings.”

This interoperability means that liquidity can be maximized across an entire network of chains. This Brings more opportunities and a greater chance of healthy exposure to traders.

Algorithmic trading creates an environment that is effectively opaque, where bots and traders cannot see what others are doing.

This creates the perfect environment for high-speed and automated trading, which has been a problem so far in the crypto markets.

The privacy layer that Manta brings the DeFi ecosystem a step closer to the traditional financial money markets and it also means that miners can’t pick or choose the transactions to prioritize based on higher gas fees.

On the back of this, Manta Network is due to launch its “private Uniswap” called MantaSwap. It is a private, AMM based decentralized anonymous exchange in addition to its other product,  as MantaPay, a multi-asset decentralized privacy payment scheme.

Manta Network is effectively changing the face of the DeFi stack with their protocol. Watch this space for more.

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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