{"id":538569,"date":"2023-01-10T20:00:00","date_gmt":"2023-01-10T17:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/manta-network-conducts-record-breaking-trusted-setup-ceremony-4000-contribute\/"},"modified":"2023-01-10T20:00:00","modified_gmt":"2023-01-10T17:00:00","slug":"manta-network-conducts-record-breaking-trusted-setup-ceremony-4000-contribute","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/manta-network-conducts-record-breaking-trusted-setup-ceremony-4000-contribute\/","title":{"rendered":"# Manta Network conducts record-breaking trusted setup ceremony, 4,000+ contribute"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a283ea8a216f\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a283ea8a216f\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/manta-network-conducts-record-breaking-trusted-setup-ceremony-4000-contribute\/#%E2%80%9D_Manta_Network_conducts_record-breaking_trusted_setup_ceremony_4000_contribute_%E2%80%9C\" >&#8221; Manta Network conducts record-breaking trusted setup ceremony, 4,000+ contribute &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Manta_Network_conducts_record-breaking_trusted_setup_ceremony_4000_contribute_%E2%80%9C\"><\/span>&#8221; Manta Network conducts record-breaking trusted setup ceremony, 4,000+ contribute &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDEvNDVmMzM5YTMtMzIyZS00ODE1LWFhNTUtNTJiMzUyYTcyZGMwLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-6ed77c39>Manta Network recently completed the largest trusted setup ceremony ever, with over 4,000 people participating, according to a press release provided to Cointelegraph. The setup was done in order to help create MantaPay, an <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a> that intends to allow for private payments between individuals.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">8\/ 2022 also saw the launch of the world\u2019s largest trusted setup on Polkadot by <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/MantaNetwork?ref_src=twsrc%5Etfw\">@MantaNetwork<\/a>, spanning 177 countries with over 13,000 participants and counting.<\/p>\n<p>This <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> is essential for building a better, more secure web that keeps sensitive information private.<\/p>\n<p>\u2014 Polkadot (@Polkadot) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Polkadot\/status\/1609097243541356544?ref_src=twsrc%5Etfw\">December 31, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>According to the company, MantaPay will run on the Polkadot parachain Manta Network and on the Kusama parachain Calamari. It will use zero-knowledge proofs to ensure that only the sender and recipient of each payment will be able to view the payment.<\/p>\n<p>Setting up a zero-knowledge-proof system requires multiple parties to participate in a ceremony called a \u201ctrusted setup.\u201d This process ensures that the shared secret upon which the system relies is eventually thrown away, removing the ability of an attacker to create fake proofs at any point in the future. The more people who participate in a trusted setup, the more secure the resulting system is. <\/p>\n<p>MantaPay\u2019s trusted setup was the largest ever recorded, with over 10,000 registrations and 4,328 contributions. The contributors came from a total of 177 countries, according to the team\u2019s press release. The registration process first began on Oct. 10, 2022, and the first contributions were made on Nov. 28, 2022. <\/p>\n<p>Polkadot founder Gavin Wood expressed excitement for Manta Network\u2019s accomplishment. He argued that similar processes could pave the way toward decentralized web identity systems in the future, stating:<\/p>\n<blockquote><p>\u201cThe widespread adoption of a self-sovereign web3 relies in large part on the innovation of trustless privacy preserving mechanisms such as zero-knowledge proofs. I\u2019m thrilled to see the forefront of that innovation happening in the Polkadot ecosystem. Manta Network\u2019s recent record-breaking trusted setup and the upcoming launch of MantaPay showcase the tremendous innovation in this field.\u201d<\/p><\/blockquote>\n<p>The entire ceremony took almost two months to complete. During the registration phase, registrants were asked to download a piece of software that generated a 12-word mnemonic phrase for them. When the contribution phase became open, each participant had to then run the software a second time and enter their seed words into it. This generated a cryptographic result that was sent to the servers, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/mantanetwork.medium.com\/the-manta-network-trusted-setup-is-now-open-for-contributions-f43e9c8f9f76\">according<\/a> to an explanatory blog post from the team.<\/p>\n<p><em><strong>Related: <\/strong><strong>Solana Dapp allows users to make secret messages to each other<\/strong><\/em><\/p>\n<p>Users should have then thrown away these seed words once the task was completed. If even a single contributor threw away their seed words, the resulting system should be impossible to crack. Kenny Li, chief operating officer of Manta Network, put it this way:<\/p>\n<blockquote><p>\u201cEveryone participating in the trusted setup only knows a piece of the information, so if only one participant keeps their piece secret, the entire scheme is secured and cannot be regenerated. [&#8230;] The more participants there are, the better the security of the scheme.\u201d<\/p><\/blockquote>\n<p>Now that the trusted setup is complete, Manta Network\u2019s next step is to release the MantaPay app itself. The developers have not announced when the app will be published, but they have hinted that more information about this will be coming soon.<\/p>\n<p>Zero-knowledge proofs were first proposed\u00a0in 1985 by cryptographers Shafi Goldwasser, Silvio Micali and Charles Rackoff. In the blockchain world, these proofs are best known for being used in Starkware\u2019s StarkEx and Immutable X platforms, which are layer 2s of Ethereum.<\/p>\n<p>Manta Network intends to use this technology to increase privacy in payment systems. It made waves in the venture capital funding world, having raised $1.1 million in February and\u00a0another $5.5 million in October.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"defi_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/manta-network-conducts-record-breaking-trusted-setup-ceremony-4-000-contribute\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Manta Network conducts record-breaking trusted setup ceremony, 4,000+ contribute &#8220; Manta Network recently completed the largest trusted setup ceremony ever, with over 4,000 people participating, according to a press release provided to Cointelegraph. The setup was done in order to help create MantaPay, an app that intends to allow for private payments between individuals&#8230;.<\/p>\n","protected":false},"author":1,"featured_media":538570,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2023-01\/45f339a3-322e-4815-aa55-52b352a72dc0.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[15047,74867,74863,75435],"class_list":["post-538569","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-privacy","tag-altcoin","tag-cryptocurrencies","tag-cryptography"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/538569","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=538569"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/538569\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/538570"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=538569"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=538569"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=538569"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}