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Blockchain

BitDAO’s Ethereum Modular Layer 2 Network Mantle Is Now Live

November 30, 2022 - Around 2 mins mins to read
BitDAO, a decentralized autonomous organization, announced the launch of Mantle, an Ethereum Layer 2 network.
BitDAO’s Ethereum Modular Layer 2 Network Mantle Is Now Live

Mantle is an Ethereum Layer 2 chain that is modular. Modular networks are a novel approach to blockchain construction that differs from traditional monolithic chains in which all network operations occur on the base layer.

The Layer 2 solution aims to address the issues that plague alternatives while also genuinely enabling a Web3 ecosystem that is fit for the future and supports a diverse set of applications and use cases. Because of its higher throughput and lower costs, early adopters will find it easier to build on Mantle than competing Layer 2s.

According to the announcement, BitDAO’s Layer 2 network stack has three distinct layers. The first layer is responsible for transaction execution, while the other two are in charge of transaction finality and data availability, respectively.

BitDAO’s Ethereum Modular Layer 2 Network Mantle Is Now Live

Mantle, according to reports, will have more functionality than previous Layer 2 networks. According to the statement, BitDAO’s Layer 2 network will have quicker throughput and lower costs and will be driven by a decentralized data availability layer. Mantle transaction costs will be paid using BitDAO’s governance token, BIT.

Beyond BitDAO‘s own growth, the ability to enroll people in Web3 and equip them to engage in the rapidly developing decentralized economy has ramifications. Mantle will advance Web3 accessibility, enabling previously unheard-of Web3 use cases internationally.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

Coincu News

BitDAO

Layer 2

Mantle

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Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
Blockchain

BitDAO’s Ethereum Modular Layer 2 Network Mantle Is Now Live

BitDAO, a decentralized autonomous organization, announced the launch of Mantle, an Ethereum Layer 2 network.
BitDAO’s Ethereum Modular Layer 2 Network Mantle Is Now Live

Mantle is an Ethereum Layer 2 chain that is modular. Modular networks are a novel approach to blockchain construction that differs from traditional monolithic chains in which all network operations occur on the base layer.

The Layer 2 solution aims to address the issues that plague alternatives while also genuinely enabling a Web3 ecosystem that is fit for the future and supports a diverse set of applications and use cases. Because of its higher throughput and lower costs, early adopters will find it easier to build on Mantle than competing Layer 2s.

According to the announcement, BitDAO’s Layer 2 network stack has three distinct layers. The first layer is responsible for transaction execution, while the other two are in charge of transaction finality and data availability, respectively.

BitDAO’s Ethereum Modular Layer 2 Network Mantle Is Now Live

Mantle, according to reports, will have more functionality than previous Layer 2 networks. According to the statement, BitDAO’s Layer 2 network will have quicker throughput and lower costs and will be driven by a decentralized data availability layer. Mantle transaction costs will be paid using BitDAO’s governance token, BIT.

Beyond BitDAO‘s own growth, the ability to enroll people in Web3 and equip them to engage in the rapidly developing decentralized economy has ramifications. Mantle will advance Web3 accessibility, enabling previously unheard-of Web3 use cases internationally.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

Coincu News