The Mantle Network stands as an advanced Layer-2 (L2) scalability solution, constructed on the Ethereum blockchain, with the ambition to deliver hyperscale performance to Ethereum users. It is fundamentally designed to retain compatibility with the Ethereum Virtual Machine (EVM), ensuring that all existing contracts and tools on Ethereum can operate on the Mantle Network with minimal alterations. In layman’s terms, it represents an enhancement to Ethereum, facilitating faster and more affordable usage without altering the aspects users have grown to appreciate.
Unveiling the Mantle Network
One of the pivotal entities steering the development of the Mantle Network is BitDAO, the governing entity of the $BIT Ecosystem. BitDAO emerges as a significant supporter and patron of the Mantle Network, channeling funds towards projects and initiatives that foster ecosystem expansion and widespread adoption.
Why is the Mantle Network Significant?
The platform is architected to be highly efficient, secure, and cost-effective, making it attractive to a diverse user base. Developers, for instance, can utilize it to construct and deploy decentralized applications (dApps) more proficiently. The Mantle Network also revolutionizes sectors like DeFi protocols and social graph protocols, rendering these services more scalable and affordable.
The Architects Behind the Mantle Network
The core team nurturing the Mantle Network comprises 25 dedicated individuals, including notable figures such as Arjun Krishan Kalsy, a seasoned expert in web3 and Ethereum scaling, and Joshua Lapidus, a senior DAO diplomat at Mantle. The strategic trajectory of the Mantle Network is guided by an impressive cadre of advisors, including Ben Zhou, the CEO and co-founder of Bybit, and Jacobc.eth, a strategic advisor to Mantle.
The BitDAO community has voiced a resounding endorsement for a significant transition: the rebranding of the native BIT token to Mantle, a move proposed in BIP-21 to optimize the token in anticipation of the launch of a new Layer-2 mainnet.
Remarkable Momentum for Testnet
Currently in its testnet phase, the Mantle Network has demonstrated an impressive level of engagement and adoption. As of now, the network boasts over 11,000 weekly active users, underscoring the escalating interest in its offerings.
The Mantle Network emerges as a beacon in the blockchain technology sphere, offering a fresh perspective on Ethereum scaling with a focus on Ethereum Virtual Machine (EVM) compatibility. It holds immense promise in addressing the prevalent scalability challenge in the Ethereum ecosystem. As the network approaches its mainnet launch, it is poised to exert a significant influence on the crypto community and beyond.
Disclaimer: The information presented on this site should not be perceived as financial investment advice. It is imperative to recognize that investing entails a high risk of potential loss. Investments are subject to potential loss.
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