|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Mantle (MNT) – A DeFi L2 with Rollup Tech Designed to Win
Aug 14, 2024 at 08:04 pm
Mantle has everything you need to create a fast and responsive Dapp to serve the Ethereum community. The project continues to expand its resources and offerings
Mantle is a high-performance L2 scaling solution that integrates a developer-friendly design, optimistic roll-up tech, and other advanced tech to provide a scalable solution to the market. Here's everything you need to know about Mantle.
What Problems Does Mantle Attempt to Fix?
Mantle seeks to resolve many issues that have caused Dapp developers and blockchain headaches in the past. For one, the network has a strong focus on security. It's one of the first L2 scaling solutions to provide enterprise-grade security and high performance. To accomplish this task, the network leverages Ethereum-proven security protocols while enabling L2 scalability.
High Gas Fees
Gas fees are a common way that decentralized networks pay network nodes for completed tasks such as executing smart contracts or transactions. These fees can add up when you have a lot of mainnet congestion. Mantle reduces congestion and provides low fees, making it the ideal solution for Dapps and token issuance.
Slow Transactions
Network congestion causes transaction delays. For certain applications, a delay in transaction finality is unacceptable. Mantle introduces hyperscale technology, combining optimistic roll-up with a data layer to support additional transaction throughput across the network.
Benefits of Mantle
There are many reasons why Mantle continues to gain new users and developers. The network is EVM-compatible, so Ethereum developers can migrate their platforms to Mantle seamlessly. This maneuver lowers gas fees and improves user performance. Additionally, integrating a Multi-Party Computation (MPC) method introduces the Threshold Signature Scheme (TSS) as a secure way to authorize transactions.
Added Privacy
Mantel supports Zero Knowledge Rollups. This technology enables blockchain transactions without revealing specific details of the transaction between parties. This structure has proven to make transactions harder to track while improving their performance.
How Does Mantle Work?
Mantle introduces a proprietary modular design. This structure divides the network nodes into separate tasks. For Example, some nodes handle settlement, consensus, and data availability. This approach enables developers to easily integrate, upgrade, or sap out features to improve performance.
Rollups
The Mantle blockchain gains a performance advantage by integrating both optimistic and ZK roll-up tech. Rollup technology helps blockchains scale vertically by creating off-chain storage and computation points. Additionally, batch transactions make these options faster than mainnet solutions.
Mantle DA
The Mantle Data Layer is powered by EigenDA technology. It operates as a decentralized data availability layer that resides off-chain. This data can be accessed when needed. Additionally, it can be scaled vertically to meet the needs of the network as the community expands without adding congestion to the mainnet.
AssetMantle
AssetMantle is one of the main features of the Mantle network. This feature focuses on NFT (non-fungible token) users. It provides access to a variety of tools that allow creators and collectors to issue, trade, and explore NFT collections. AssetMantle includes a high-performance marketplace that allows users to review, validate, and trade safely.
Mantle Treasury
The Mantle Treasury is a community-funded smart contract. A portion of all fees collected goes to fund the Mantle Treasury, whose main purpose is to fund market upkeep, future upgrades, and approved community proposals.
Liquidity Staking Protocol (LSP)
Mantle users gain access to a powerful liquid staking protocol. Liquid staking options operate similarly to traditional staking options with the main difference being that users get issued an LP token that represents their staked asset. They can trade, restake, or farm this token to improve ROIs and capital efficiency. Specifically, users stake ETH and receive mETH (Mantle Stacked Ether).
Token – MNT
The main utility token used by Mantle is MNT. This flexible digital asset can cover fee payments, be used to create dapps, execute smart contracts, create NFTs, and more. It is a limited supply token with 6,219,316,795 tokens scheduled for issuance over the project's life.
mETH
Users who stake ETH receive yield-bearing mETH of an equivalent value. This ERC-20-compliant token can be used within the Ethereum ecosystem for further returns. Once your staking period ends, you deposit your mETH to unlock your original staked ETH and rewards.
Consensus
Mantle uses the Ethereum PoS (Proof-of-Stake) consensus algorithm. Unlike its original consensus mechanism, which relied on miners competing to validate transactions, PoS systems enable users to simply stake their tokens to secure rewards. As such, this method eliminates the need for expensive rigs and opens the door for more user participation in the validation process.
Governance
Anyone who holds MNT tokens can stake them and gain access to the community governance ecosystem. here, you can create and put forth proposals for community vote. These proposals can include fee changes, new features, partnerships, and protocol upgrades. Each MNT token holder holds the same weight in the voting process. Notably, if your proposal is voted in, the
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Bitcoin (BTC) Downtrend Could Shift as Signals of a Bull Run Surge on the Horizon
- Sep 22, 2024 at 08:45 pm
- Bitcoin (BTC) is on a six-month bear market, down-trending from March’s $73,800 all-time high to as low as $49,100
-
- Hamster Kombat SCAM EXPOSED! 🚨63% of YOU got screwed out of your airdrop!
- Sep 22, 2024 at 08:45 pm
- We warned you before the snapshot, and now their scam is unfolding exactly as we predicted. Their shady tactics are clear—players are being disqualified
-
- Bitcoin Surges to $62K as BlackRock Primes the Crypto Market for a Major Move
- Sep 22, 2024 at 08:25 pm
- The bitcoin price has climbed to over $62,000 per bitcoin, with traders now turning to a China "shock and awe" earthquake
-
- Bitgert vs Ethereum vs BNB Coin: Which One Is the Best Investment for 2024?
- Sep 22, 2024 at 08:25 pm
- With new breakthroughs and developments in the blockchain world, the center of attention remains on layer-1 networks such as Bitgert, Ethereum, and BNB Coin.
-
- Rexas Finance (RXS): The New Token Creating Buzz
- Sep 22, 2024 at 08:25 pm
- Rexas Finance as one of the DeFi tokens is gaining traction as it seeks to disrupt the current financial system with inclusive and transparent
-
- Top Meme Coins to Buy Now: Catizen (CATI), Gorilla (GORILLA), Crypto All-Stars (STARS), and Slerf (SLERF)
- Sep 22, 2024 at 08:25 pm
- As the anticipated bull run draws nearer, investors are actively expanding their portfolios. However, major altcoins are currently experiencing a decline, delaying the bull run. In contrast, top meme coins are showing promising upward trends to post high ROI.
-
- GenoPets Airdrop: Claim It or Weep!
- Sep 22, 2024 at 08:20 pm
- How to qualify GenoPets Airdrop: Easy Tutorial
-
- Garry Silbert Reflects on Bitcoin Acquisition Challenges, Highlights TAO Potential Amidst Federal Scrutiny
- Sep 22, 2024 at 08:20 pm
- Garry Silbert, founder and CEO of Digital Currency Group (DCG), recently took to Twitter to reflect on his early experiences acquiring Bitcoin and the current hurdles he’s encountering while trying to invest in a rising token called TAO.
-
- Treasure Tapper: Earn TREZ Tokens by Playing a Telegram Clicker Game
- Sep 22, 2024 at 08:20 pm
- Treasure Tapper is a Telegram clicker game created by Gala Games, which is a prominent project in the crypto gaming space. Conceptually, Treasure Tapper is very similar to other popular Telegram games.