By Andrew Asmakov, Decrypt
Manta Network development team p0xeidon labs announced that the Trusted Setup Ceremony (Trusted Setup Ceremony) before the launch of the privacy payment product MantaPay has more than 5,000 users from 133 countries around the world participated in the registration, which will soon become the largest and most widely distributed Trusted Setup Ceremony in the history of Web3. Letter setting ceremony.
MantaPay is built on zkSNARK, which allows users to privateize other Polkadot or Kusama parachain assets.
Trusted setup is a very unique ceremony in the Web3 industry to guarantee the security of infrastructure based on zero-knowledge proofs. Zero-knowledge proof is the core of Manta Network's vision of providing privacy for all encrypted assets and realizing the vision of the entire Web3 privacy layer. Zero-knowledge proofs guarantee the validity of transactions without providing any personal information.
Kenny Li, co-founder of Manta Network, said, "Community members are very enthusiastic about participating in the credible setting ceremony. We have received about 5,000 registrations so far, which also shows that the community is gradually realizing the importance of privacy to Web3."
For Manta, the trusted setup ceremony can be used to help generate the prover and verifier keys necessary to create transactions on the Manta/Calamari network. These key computations generate some "toxic waste" that must be cleaned up.
“Toxic waste can be a string of secret numbers that can be used to create fake zero-knowledge proofs. Anyone who has these numbers can create tokens out of thin air.” Todd, a cryptographic engineer at p0xeidon labs, told Decrypt.
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Trusted setups trusted setup
The most famous credible setting ceremony in the Web3 industry was held by Zcash in 2016. This is also the first practice of zero-knowledge proof in the industry, and Edward Snowden, a well-known social activist, also participated in it.
In 2021, the trusted setting ceremony of the privacy public chain Aleo attracted 1,000 people to participate.
Previously, the largest credible setup ceremony in the industry came from Tornado Cash. In 2020, 1,114 people participated.
Ethereum co-founder Vitalik Buterin said earlier this year that the more participants in a trusted setup, the better, “176 participants are better than just 6 participants, 2,000 participants are better.”
Another main reason why Manta Network can set a record for the number of participants in trusted settings is the low participation threshold, "We have no requirements for hardware, because zero-knowledge proof itself has nothing to do with hardware, we support including Ubuntu Linux, Apple and Various mainstream operating systems including Windows OS." Kenny said.
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Privacy is a core value of Web3
User privacy is at the core of Manta Network. A registered user of trusted settings said, "Web3 is at the forefront of new technologies, and privacy is an important basic setting of Web3. I myself attach great importance to the protection of personal information, especially property information. And trusted settings Allowing me to make a small contribution to a future that I believe in."
Any member who participates in the trusted setting ceremony of Manta Network can get an NFT and a special role in discord.
Kenny said, "Privacy is not just about transfers, but all aspects of identity on the chain: every application you interact with, every wallet you use, every data you have on the chain is permanent and public. , without a privacy solution, the blockchain becomes a huge regulatory tool.”
Trusted Setup Tutorial: https://docs.manta.network/en/docs/guides/TrustedSetup
