The high-performance omnichain infrastructure, Mango Network, has completed a new round of financing and is back in the spotlight! Since the release of its test network in December last year, the number of ecological interactions has soared to over 120 million! It has now become a major hot topic. Let's quickly understand the full picture of the ecosystem!
Mango is a highly technical project with the core goal of integrating liquidity from major blockchains (such as SOL, ETH, etc.) and building a faster Layer 1 blockchain network. Currently, blockchains are like different cities, each with its own independent rules and currency. The market liquidity between these cities (or chains) is difficult to centralize. However, through Mango's omnichain ecosystem, users can directly use assets from City A to purchase goods from City B. This is a problem that is urgently needed to be solved in the current blockchain field.
Moreover, Mango also has cutting-edge network processing capabilities. According to current test data, its throughput can reach 290,000 TPS. In comparison, Solana, which is known for its ultra-high speed, has a peak performance of only 80,000 TPS. This is undoubtedly an important breakthrough in blockchain technology!
Parallel Computing and Multi-VM Architecture: Mango supports multiple virtual machines (such as EVM and MoveVM), which can process various transactions in parallel, avoiding the serial computing bottleneck of traditional blockchains and significantly improving TPS.
Layer 2 Scaling and Batch Processing: Mango uses Layer 2 solutions (such as OP-Mango) to move transaction processing off-chain and then batch-submit them to the main chain. This reduces the burden on the main chain, increases processing speed, and lowers gas fees.
Zero-Knowledge Proofs (ZK-proof): Mango uses ZK-proof technology to verify the legality of transactions without revealing specific transaction data. This effectively reduces storage and computational pressure, further increasing network throughput.
Example: How does Mango achieve all this? Through its multi-VM architecture, Mango can process payment transactions in parallel. Different types of transactions are allocated to different virtual machines based on demand. For example, Ethereum-compatible transactions are handled by EVM, while transactions from other chains are processed by MoveVM. This parallel processing method is like an efficient production line, where each link focuses on different tasks, thereby significantly improving transaction efficiency. This has enabled Mango to achieve the remarkable performance of 290,000 TPS!
Multi-VM Architecture: Mango integrates EVM (Ethereum Virtual Machine) and MoveVM (a virtual machine based on the Move language), allowing different smart contracts to run on their respective virtual machines, enhancing cross-chain compatibility and flexibility.
Cross-Chain Protocol: Mango uses its proprietary cross-chain protocol to ensure the secure exchange of assets and data between different blockchains. For example, Mango Network achieves cross-chain asset transfers with Ethereum through this protocol, ensuring the security and consistency of transactions.
Resource and State Synchronization: Mango uses a cross-chain resource synchronization mechanism to ensure that the state and asset data between different virtual machines remain consistent. When data or assets on one blockchain change, the related states on other blockchains will be updated in a timely manner.
Transaction Fees: Transaction fees are settled in $MGO tokens.
Cross-Chain Economy: $MGO serves as the settlement medium for cross-chain asset transfers.
Incentive Mechanism: Validators and liquidity providers will receive rewards in $MGO to ensure the stable operation of the network.
Liquidity Provider Rewards: Liquidity providers support transactions and are rewarded with $MGO tokens.
Decentralized Governance: $MGO holders have the right to participate in the governance and decision-making of the network.
Token Issuance and Inflation Model: Through a reasonable token supply and inflation mechanism, the network's sustainability and long-term stability are ensured.
Mango has recently completed a new round of financing, with participating institutions including Kucoin Ventures, CatcherVC, Tido Capital, Connectico Capital, Ainfra Ventures, Becker Ventures, Tfund, Mobile Capital, and others.
Mango's goals are very clear, but the implementation process is full of challenges. However, no matter what, cross-chain capabilities and high TPS are the most critical elements in short supply in the blockchain field! The demand is extremely urgent and has become a focal topic. On the basis of these two core advantages, Mango shows strong compatibility and can seize various opportunities and trends that will emerge in the future, just as SOL successfully supported the outbreak of MEMEs. With this, Mango undoubtedly has great potential. To grasp future development opportunities, it is crucial to closely monitor the expansion of the project's ecosystem.
