Mantle Network: A Groundbreaking Layer-2 Solution Bringing Innovation To The Crypto World
- Posted on November 21, 2023 6:17 AM
- Crypto Discover
- 223 Views
What is Mantle Network and How Does It Work?
Mantle Network utilizes Optimistic Rollup technology to enhance the capacity of the Ethereum network. With this technology, transactions can be executed with lower fees and higher efficiency. Since Mantle is built on the Ethereum network, it inherits the advantages of security and decentralization.
The Power of BitDAO: Major Backers Supporting Mantle
Behind Mantle Network stands the strength of BitDAO, a significant decentralized autonomous organization (DAO). The financial support and guidance provided by BitDAO contribute to the successful development of Mantle. Leading investors such as Pantera Capital, Dragonfly Capital, Peter Thiel, and Founders Fund are among the prominent names supporting Mantle.
What are the Advantages of Mantle?
Mantle stands out with its modular data availability through EigenLayer integration. This allows for an increase in transaction volume and achieves data availability beyond traditional Layer-2 solutions. Additionally, it provides a secure execution process using multi-party computation (MPC) and focuses on a decentralized structure.
What is EigenLayer, and How Does Mantle Ensure Security?
EigenLayer is a protocol that allows ETH staked on the Ethereum network to be staked elsewhere simultaneously. This enables users to use ETH staked on the Ethereum network to secure decentralized applications with EigenLayer integration. Mantle ensures a secure structure through MPC technology and decentralized sequencer features.
Conclusion: Mantle Network is Bringing Innovation to the Crypto World
Mantle Network offers a groundbreaking solution to developers seeking scalability and efficiency in the crypto world. With the backing of BitDAO, Optimistic Rollup technology, modular data availability, and a security-focused structure, Mantle stands out as a significant player in the crypto world. This solution becomes a noteworthy option for those aiming to increase the capacity of the Ethereum network and reach a broader user base.