Mantle Network is a layer-2 blockchain on Ethereum, developed by BitDAO – one of the largest DAOs in the market. It uses Optimistic Rollups that helps improve transaction speed and security with low cost.
Mantle Network has been built with a modular architecture that allows the blockchain process and handle tasks by separate modules, thereby creating a larger block space and reducing validation by focusing on specific shards. Hence, Mantle’s processing speed is greatly increased.
Highlights of Mantle Network
Improve user experience
Mantle Network not only inherits security from Ethereum, but also offers scalability and innovations from Optimistic Rollups. Besides, Manle continues to learn and refer ZK-Rollups’s design to adopt, combine and perfect its infrastructure.
Backed by BitDAO
Mantle Network is a product of BitDAO – one of the largest DAOs now, specializing in incubating and investing in products of the Ethereum ecosystem. So, Mantle gets a lot in both financial and human resources to develop the ecosystem.
Modular blockchain
In a Modular Blockchain, the core functions of blockchain operation (execution, consensus, settlement, data availability) are performed on specialized layers. By applying this principle to a rollup, it is able to optimize the solution since each layer is now performing a specialized task. This leads to lower costs and better overall performance.
Mantle EcoFund
On February 26, 2023, Mantle submitted a proposal to create a $200 million fund in order to promote the development of DApps in the Mantle ecosystem. Mantle EcoFund has contributions from many famous investment funds such as Dragonfly Capital, Pantera, Folius Ventures, Play Ventures Future Fund, Spartan, Lemniscap, etc.
Mantle Ecofund’s missions:
- Supporting founders and protocol technology partners building within Mantle Ecosystem
- Driving adoption of Mantle Network among developers and dApps
- Incentivizing reputable Strategic Venture Partners to support and invest in Mantle Ecosystem
- Ensuring sustainability of the Mantle EcoFund through fund performance and returns
Tokenomics
Token Name: Mantle Network
Ticker: MNT
Blockchain: Ethereum
Contract: 0x3c3a81e81dc49a522a592e7622a7e711c06bf354
Total supply: 6,220,000,000 MNT.