Buy Mantle (MNT)

What is Mantle?

Mantle is a Layer 2 scaling solution for Ethereum that utilises optimistic rollup technology. This technology allows Mantle to securely process transactions off-chain, which are then settled on Ethereum's blockchain. The primary objective of this approach is to offer lower transaction fees and increased throughput compared to the current Ethereum network, thereby enhancing Ethereum's scalability and efficiency.

How does Mantle work?

Mantle operates by leveraging a modular blockchain architecture that includes:

• Optimistic Rollups: This technology reduces gas fees, decreases latency, and increases throughput by processing transactions off-chain.
• Proof of Stake (PoS) and Delegated Proof of Stake (DPoS): These consensus mechanisms ensure secure and efficient transaction validation.
• EigenDA: A technology used for economically efficient data availability.
• Multi-Party Computation (MPC): Employed to enhance transaction security.
• EVM-Compatibility: Ensures seamless integration with Ethereum smart contracts, allowing developers to build decentralised applications on Mantle.

What are the potential use cases for Mantle?

Mantle's potential use cases span multiple sectors, including:

• DeFi: Supporting decentralised finance applications that demand high throughput and low transaction costs.
• NFTs: Facilitating NFT projects by handling high transaction volumes efficiently.
• Gaming: Empowering in-game economies with true asset ownership and efficient transactions.
• Financial Services: Enhancing services that require secure, fast transactions, such as lending platforms.
• Social Platforms: Supporting applications with activities that rely on low-cost, high-speed transactions.

What is the history of Mantle?

Mantle was developed by BitDAO, originally founded in 2021 by a group including Ethereum and Web3 scaling expert, Arjun Krishan Kalsy. In May 2023, following a community vote, BitDAO rebranded to Mantle Network and renamed the BIT token to MNT. Key milestones in Mantle’s timeline include:

• 2023: Launch of the testnet and the mainnet, with successful processing of over 130,000 transactions.
• July 1, 2024: The Mantle v2 Sepolia Testnet v1.0.1 hard fork update was announced, marking significant improvements in data architecture and network performance.
• Technology Evolution: Improvement through the use of EigenDA for data availability and enhancements in network efficiency.

Mantle’s growth and technical advancements have positioned it as a significant player in Ethereum scaling solutions.