What is Mantle?
Mantle is an Ethereum Layer 2 network that leverages optimistic rollups and a modular architecture to combine scalability, security, and low costs. The goal of Mantle is to provide efficient infrastructure for developers and users of decentralized applications (dApps), harnessing the power of Ethereum without the drawbacks of high transaction fees and limited capacity.
Whitepaper: https://www.lcx.com/mnt-mica-white-paper/
How does Mantle work?
Mantle uses an optimistic rollup mechanism, where transactions are bundled off-chain and then submitted to Ethereum as a single batch. This significantly reduces costs and increases throughput.
In addition, Mantle employs a modular design, separating the data availability layer from the execution layer. This means Mantle leverages Ethereum for security and data availability, while its own network ensures fast and efficient transaction processing.
The token
Abbreviation: MNT
Category: Governance & Utility Token
Blockchain: Ethereum (Layer 2)
Protocol: Optimistic Rollup (Proof-of-Stake secured by Ethereum)
Year of launch: 2023
The technology behind Mantle
By decoupling data availability from execution, Mantle can scale more efficiently than traditional Layer 2 solutions. The network employs advanced data compression and verification techniques, resulting in lower costs and higher efficiency. This makes Mantle attractive for DeFi projects, NFTs, and other high-performance use cases.
The Mantle ecosystem
The Mantle ecosystem is expanding rapidly, supporting a wide range of dApps including decentralized exchanges, liquidity protocols, NFT marketplaces, and gaming projects. The Mantle Treasury, one of the largest DAO treasuries, funds projects within the ecosystem to foster innovation and adoption.
Who is the founder of Mantle?
Mantle was developed by the Mantle Core contributors and is backed by the BitDAO community, one of the largest DAOs in the crypto space. In 2023, BitDAO officially merged with Mantle, making the MNT token the successor of the BIT token.
Impact on the environment
Click here to read more information about the environmental impact of this coin.
Risk disclaimer
Cryptocurrencies, including Mantle (MNT), are volatile and carry risks. The value of MNT can fluctuate greatly and investments can lead to financial losses. Always do your own research and only invest money that you are willing to lose.
For more information, consult the crypto asset whitepaper which includes information about the provider, information about the crypto asset, information about the risks and information about the impact of the asset on the climate; https://www.lcx.com/mnt-mica-white-paper/
The BTC Direct disclaimer van be found here.