Mantle
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About Mantle

Mantle is a Layer-2 scaling solution built on the Ethereum blockchain, designed to leverage Ethereum's security while addressing its limitations.

As a Layer-2 solution, Mantle uses Optimistic Rollup technology to process transactions off-chain before settling them on-chain. This approach reduces the load on the mainnet and allows for more efficient transaction processing.

Mantle's Performance and Compatibility

One of the key advantages of Mantle is its performance. The network claims to offer 80% lower transaction fees than Ethereum and can handle a transaction throughput that is 20 times greater. This means users can enjoy all the benefits of using the Ethereum blockchain without its primary drawbacks, such as high costs and slower speeds.

Furthermore, Mantle is compatible with the Ethereum Virtual Machine (EVM), which enables it to execute Ethereum smart contracts and deploy any Ethereum-based decentralized application (dApp). This compatibility significantly increases Mantle's functionality, making it an attractive option for developers in the crypto space.

The Purpose of MNT Token

MNT serves as the native token of the Mantle network. It plays a crucial role in governance and is used for settling transaction fees within the network.

Mantle's Architecture

Mantle attributes its high performance to two factors: roll-up technology and integration with EigenLayer, a decentralized data availability layer. The network employs a unique three-layer modular architecture that separates transaction execution from settlement, further enhancing efficiency.

A Brief History of Mantle

Launched by BitDAO in July 2023, Mantle is the first Layer-2 solution launched by a Decentralized Autonomous Organization (DAO). In June 2023, all BIT tokens were converted into MNT tokens at a 1:1 ratio, marking BitDAO's evolution into 'Mantle Governance.'

Source

• https://uphold.com/blog/crypto-basics/what-is-mantle