The Manta Network development team p0xeidon labs has launched the first EVM-compatible zkApp-friendly virtual machine project
Chain Catcher news, the Web3 privacy protection protocol Manta Network has launched a new introduction website for its development team p0xeidon labs at p0xeidon.xyz, and announced the establishment of the research project Poseidon VM.As the first EVM-compatible zkApp-friendly virtual machine, Poseidon VM enables zkApps to have privacy, scalability, and provability, while users will also benefit from efficient zkApp transactions, which can be 2000 times cheaper compared to other Layer2 solutions.Unlike the simpler designs of Aleo and Mina, Poseidon VM provides zkApp developers with layered programming abstractions, including the EVM tools that DApp developers are most familiar with and love. Poseidon VM offers a rich set of system-level zk-Precompiles and also allows DApp developers to directly use Solidity to code zkApps.It is reported that p0xeidon labs is a team composed of top developers from around the world, dedicated to building Web3 privacy, believing that privacy is a fundamental right, and striving to create and deploy tools to accelerate the global adoption of privacy through zero-knowledge proofs.The projects the team is building include the plug-and-play privacy layer parachain Manta Network in the Polkadot network, and the canary network Calamari Network on Kusama. Additionally, the team stated that Manta will announce a trusted setup ceremony in the coming days, which is also key to the privacy payment protocol MantaPay implemented through zero-knowledge proofs. (Source link)