Mantle Network: A high-performance modular Ethereum Layer 2 built by BitDAO
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Mantle Network: A high-performance modular Ethereum Layer 2 built by BitDAO
Mantle, a community-owned blockchain built by BitDAO—the largest decentralized treasury—could it be the next most popular protocol?
Navigating Web3 tides with focused insightsWritten by: Crypto Nova
Compiled by: TechFlow
Last year taught us that Layer 2 protocols will drive this industry. Could Mantle—a community-owned blockchain built by BitDAO, one of the largest decentralized treasuries—become the next most popular protocol?
Introduction to Mantle Network
Mantle is a high-performance Layer 2 network. It aims to make Ethereum ultra-scalable using a modular approach, while delivering high security and low fees.
To achieve this, Mantle leverages a separate decentralized data availability layer.
The project was created by the BitDAO community—an autonomous decentralized organization (DAO) possessing one of the most decentralized treasuries in the industry.
Compared to other existing chains in today's market, Mantle offers several advantages:
• Ultra-high scalability
• Unparalleled security
• Community-owned
• Low transaction fees
These milestones are achieved through key technological innovations.
Mantle combines roll-up technology with a decentralized data availability layer, boosting performance with lower costs and faster finality.
Ethereum’s roll-up technology ensures high throughput under the familiar EVM environment, coupled with unmatched security.
As the first Ethereum Layer 2 chain initiated by a DAO, Mantle also enjoys unique benefits. BitDAO will specifically cultivate an ecosystem of projects for the Mantle network, allowing Mantle to bypass the adoption struggles that plague other chains at launch.
Tokenomics
Mantle aims to maximize value and utility for the $BIT token. Mantle utilizes $BIT for:
- Gas fees
- Driving overall demand
- Empowering the BitDAO ecosystem
$BIT is already circulating and trading on the market.
The utility of $BIT extends beyond gas payments, reaching into staking and infrastructure layers. BIT enables an intriguing network economy that strengthens both the token and its community.
Empowering BitDAO
As a network initiated by BitDAO, Mantle promotes decentralized decision-making and community participation in ecosystem growth. Its native token $BIT allows the community to become part of building the network and be rewarded as it grows.
Today, a robust ecosystem of partners already exists and will continue expanding within BitDAO. Mantle serves as the blockchain connecting all these pieces, helping each active component build value.
Roadmap
Mantle Network’s testnet is already live and operational. Once development and testnet trials proceed smoothly, they will aim to launch on mainnet and set a release date.
Conclusion
We’ve repeatedly seen that Ethereum remains nearly unrivaled in developer activity and liquidity. Layer 2 solutions leverage the network effects provided by Ethereum.
However, current implementations aren’t the final outcome.
Mantle Network is building a high-performance L2 to reduce transaction fees compared to traditional L2s—without compromising decentralization or security.
Most new blockchains struggle with funding or lack of adoption due to limited initial communities and traction. But BitDAO is different—making Mantle a protocol already embraced by its community even before launch.
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