SHARING IDEAS THAT DO GOOD

Privacy-preserving exchange?

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Manta Network recently closed a USD$1.1M funding round to create a fully private decentralized exchange. At the moment, some would consider the blockchain too transparent for a number of finance transactions enabling someone to see the transaction and commit it with a higher fee before you do. Perhaps privacy is important on the blockchain after all?

Manta wants to create an automated market maker exchange on Polkadot that would feature fully private swaps, and obfuscate wallet addresses (among other attributes).

Could a privacy-preserving decentralized finance stack be a reality sooner than we think?

https://cointelegraph.com/news/manta-aims-to-bring-a-private-decentralized-exchange-to-polkadot-with-1-1m-raise

Image by VIN JD from Pixabay

What do you think?

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By Daniella Traino

4 March 2021



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