MANTRA is a security-first Layer 1 blockchain designed to comply with real-world regulatory requirements, making it particularly suitable for institutions and developers. It serves as a permissionless blockchain facilitating permissioned applications. Built using the Cosmos SDK, it supports the Inter-Blockchain Communication (IBC) protocol for interoperability and employs a proof-of-stake mechanism for security.
MANTRA operates as a Layer 1 blockchain leveraging the Cosmos SDK and Inter-Blockchain Communication (IBC) protocol for interoperability. It uses a Delegated Proof-of-Stake (DPoS) mechanism through CometBFT, a Byzantine Fault Tolerant algorithm, ensuring robust security and efficient transaction validation. The blockchain supports CosmWasm smart contracts, enabling the creation and management of decentralised applications.
MANTRA is suitable for several applications, including:
MANTRA was launched as MANTRA DAO in 2020 by a team with a strong financial and blockchain background. Significant changes include a 2024 update that introduced MANTRA Chain, focusing on RWA tokenization. This marked a strategic transition towards a more regulated and expansive financial ecosystem. Over the years, MANTRA has secured substantial funding, becoming a significant player in the crypto yield market. Its transformation from MANTRA DAO to MANTRA Chain reflects a broader vision to encompass diverse financial services under a regulated framework.