SHARING IDEAS THAT DO GOOD

Privacy-preserving exchange?

post-image

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?

You must be logged in to post a comment.
Comments
Generic placeholder image

By Daniella Traino

4 March 2021



Related Posts

FinTech

post-image

Is cryptocurrency now legitimate (not just for the criminal groups?)
21 November 2021 by Daniella Trai... 2 Comments
 

FinTech

post-image

Regtech & Fintech DLT-as-a-Platform live in Australia
21 November 2021 by Daniella Trai... 0 Comments

FinTech

post-image

The KEY to fix crypto's security vulnerability
19 November 2021 by Samantha Sakr 0 Comments