To address the scalability changes of crypto and attract more usage for the $BIT token, Some time ago, $BIT token holders proposed the mantle network.

It’s a modular network with lots of innovative design

In this piece, we briefly explore the current scaling landscape, Mantle design considerations and the case for Mantle network.

They are centralized , sidechains do not possess sufficient security, they also rely on unsafe bridges

They can’t scale because the follow the old design of blockchains. Gas fees though lower are still a little high. This is because of their monolithic design.

Many of them have gone live on mainnet but have not yet gained traction, they also lack sufficient on-ramps.

Many have tokens that are worthless, their tokens are not been used as gas, they use Ethereum.

Mantle network employs the modular design, i believe that the future is modular, no longer will dApps or L2s be locked in because of poor design choices.

⁃ execution layer(here EVM logic is executed, sending and receiving transactions, minting NFTs, swap, LP, borrowing etc), everything is executed on the execution layer

⁃ Sequencers( sequencers receive transaction request, they order them and post them to the execution layer for interpretation and response ,Mantle network employs a decentralized approach to its sequencers , the risks of MEV are very low ),

⁃ Data availability layer( this is basically where you store the data generated from transactions to for reference purposes, it uses EigenDA)

The mantle network is modular, data availability accounts for most of the cost users pay for L2s. Many L2s due to their monolithic architecture uses Ethereum both as a DA layer and as a security layer

Mantle network uses Eigenlayer EigenDA.

It employs Multi party computation to improve the correctness of transaction execution off chain

It employs an algorithm to rotate the set of sequencers so as to offer secure and trust free blockchains

$BIT token holders wanted to attract more usage for the token by solving a problem, hence the design of mantle network .

$BIT is the main token for the crypto exchange Bybit and also the governance token of BITDAO.

The community have voted for a change of the token from $BIT to $MNTL

The modular design is to offer DeFi dApps and web3 games a chain fast enough for their needs

If you are already familiar with many tech stack for building on EVM chains, you are good to go with Mantle as well

The community is proposing a $200m ecosystem fund for the next 3 years. Other partners onboard include Game7, EduDAO etc

Uses EigenDA as a DA layer, Eigenlayer taps into Ethereum security layer through restaking and Mantle is secured by validators on the EigenDA layer. Hence greater security and less costs as Mantle does not offload data to or uses Ethereum L1 as data availability layer but EigenDA .

Another project that has been able to reduce gas cost tremendously is Momoka, they use Bundrl network to offload to Arweave as a DA layer.

Ethereum has the largest trust network out there , aside bitcoin that is powered by massive hash power. Ethereum is the chain with the highest capital locked into security and it only keeps increasing.

Eigenlayer restaking approach means dApps, L2s etc can borrow from that security for their own security

Anyone can stake $MNTL to register an EigenDA node. Also gas fees are paid in $MNTL.

Validators before now could not maximize their computing power, now they can increase the throughput of any dApps or L2s they are scaling.

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This article has been republished here for permanence purposes. link to original blog

To address the scalability changes of crypto and attract more usage for the $BIT token, Some time ago, $BIT token holders proposed the mantle network.

It’s a modular network with lots of innovative design

In this piece, we briefly explore the current scaling landscape, Mantle design considerations and the case for Mantle network.

They are centralized , sidechains do not possess sufficient security, they also rely on unsafe bridges

They can’t scale because the follow the old design of blockchains. Gas fees though lower are still a little high. This is because of their monolithic design.

Many of them have gone live on mainnet but have not yet gained traction, they also lack sufficient on-ramps.

Many have tokens that are worthless, their tokens are not been used as gas, they use Ethereum.

Mantle network employs the modular design, i believe that the future is modular, no longer will dApps or L2s be locked in because of poor design choices.

⁃ execution layer(here EVM logic is executed, sending and receiving transactions, minting NFTs, swap, LP, borrowing etc), everything is executed on the execution layer

⁃ Sequencers( sequencers receive transaction request, they order them and post them to the execution layer for interpretation and response ,Mantle network employs a decentralized approach to its sequencers , the risks of MEV are very low ),

⁃ Data availability layer( this is basically where you store the data generated from transactions to for reference purposes, it uses EigenDA)

The mantle network is modular, data availability accounts for most of the cost users pay for L2s. Many L2s due to their monolithic architecture uses Ethereum both as a DA layer and as a security layer

Mantle network uses Eigenlayer EigenDA.

It employs Multi party computation to improve the correctness of transaction execution off chain

It employs an algorithm to rotate the set of sequencers so as to offer secure and trust free blockchains

$BIT token holders wanted to attract more usage for the token by solving a problem, hence the design of mantle network .

$BIT is the main token for the crypto exchange Bybit and also the governance token of BITDAO.

The community have voted for a change of the token from $BIT to $MNTL

The modular design is to offer DeFi dApps and web3 games a chain fast enough for their needs

If you are already familiar with many tech stack for building on EVM chains, you are good to go with Mantle as well

The community is proposing a $200m ecosystem fund for the next 3 years. Other partners onboard include Game7, EduDAO etc

Uses EigenDA as a DA layer, Eigenlayer taps into Ethereum security layer through restaking and Mantle is secured by validators on the EigenDA layer. Hence greater security and less costs as Mantle does not offload data to or uses Ethereum L1 as data availability layer but EigenDA .

Another project that has been able to reduce gas cost tremendously is Momoka, they use Bundrl network to offload to Arweave as a DA layer.

Ethereum has the largest trust network out there , aside bitcoin that is powered by massive hash power. Ethereum is the chain with the highest capital locked into security and it only keeps increasing.

Eigenlayer restaking approach means dApps, L2s etc can borrow from that security for their own security

Anyone can stake $MNTL to register an EigenDA node. Also gas fees are paid in $MNTL.

Validators before now could not maximize their computing power, now they can increase the throughput of any dApps or L2s they are scaling.

Website Forum Twitter

This article has been republished here for permanence purposes. link to original blog