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Blockchain

Layer 2 Mantle Network Officially Launched Its Mainnet Alpha

July 17, 2023 - Around 2 mins mins to read

Key Points:

  • Mantle Network launches mainnet alpha, an Ethereum Layer 2 solution.
  • Modular architecture and Optimistic Rollup design enable high performance and low costs.
  • Backed by BitDAO, Mantle supports dApp development on Ethereum Layer 2.
Mantle Network, an Ethereum Layer 2 blockchain solution, has officially launched its mainnet alpha version at the Ethereum Community Conference (EthCC) in Paris.
Layer 2 Mantle Network Officially Launched Its Mainnet Alpha
Layer 2 Mantle Network Officially Launched Its Mainnet Alpha 4

The launch marks the culmination of six months of development and testing, during which the network processed over 14 million on-chain transactions. Mantle Network’s mainnet release follows multiple security audits that helped mitigate potential risks and vulnerabilities.

Backed by BitDAO, Mantle now benefits from one of the largest treasuries in the crypto space, with assets valued at over $2.4 billion. The merger with BitDAO in May integrated BitDAO’s governance framework and treasury with the network, providing substantial support for Mantle’s future endeavors.

Unlike traditional monolithic blockchains, Mantle Network takes a modular chain approach, separating execution, data availability, consensus, and settlement into distinct layers. This design, coupled with its modular architecture and Optimistic Rollup approach, aims to combine high performance with low costs while maintaining Ethereum’s decentralization and security. Mantle collaborates with the ether restaking protocol EigenLayer to ensure efficient data availability.

Layer 2 Mantle Network Officially Launched Its Mainnet Alpha
Layer 2 Mantle Network Officially Launched Its Mainnet Alpha 5

The modular architecture of Mantle Network enables swift upgrades by swapping in and out modular components. This flexibility allows for the adoption of the latest Ethereum improvements, including account abstraction, which enhances wallet functionality and enables more complex tasks to be handled automatically. With its Layer 2 scalability, Mantle Network opens up opportunities for advanced use cases such as blockchain gaming, DeFi, and social protocols without incurring exorbitant fees.

In addition to the mainnet launch, Mantle Network is undergoing a rebranding effort in line with its commitment to innovation and establishing a strong brand presence. Users interested in obtaining the new MNT tokens can participate in the upcoming Mantle ByStarter.

Layer 2 Mantle Network Officially Launched Its Mainnet Alpha
Layer 2 Mantle Network Officially Launched Its Mainnet Alpha 6

The launch of Mantle Network’s mainnet alpha version signifies a significant milestone in the development of Ethereum Layer 2 solutions. With its modular design and focus on performance and scalability, Mantle Network aims to contribute to the growth and expansion of the Ethereum ecosystem, enabling new possibilities for decentralized applications and fostering broader adoption of blockchain technology.

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.

EthCC

Ethereum Community Conference

Layer 2

Mainnet Alpha

Mantle Network

Avatar of Harold

Author

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

Layer 2 Mantle Network Officially Launched Its Mainnet Alpha

Key Points:

  • Mantle Network launches mainnet alpha, an Ethereum Layer 2 solution.
  • Modular architecture and Optimistic Rollup design enable high performance and low costs.
  • Backed by BitDAO, Mantle supports dApp development on Ethereum Layer 2.
Mantle Network, an Ethereum Layer 2 blockchain solution, has officially launched its mainnet alpha version at the Ethereum Community Conference (EthCC) in Paris.
Layer 2 Mantle Network Officially Launched Its Mainnet Alpha
Layer 2 Mantle Network Officially Launched Its Mainnet Alpha 10

The launch marks the culmination of six months of development and testing, during which the network processed over 14 million on-chain transactions. Mantle Network’s mainnet release follows multiple security audits that helped mitigate potential risks and vulnerabilities.

Backed by BitDAO, Mantle now benefits from one of the largest treasuries in the crypto space, with assets valued at over $2.4 billion. The merger with BitDAO in May integrated BitDAO’s governance framework and treasury with the network, providing substantial support for Mantle’s future endeavors.

Unlike traditional monolithic blockchains, Mantle Network takes a modular chain approach, separating execution, data availability, consensus, and settlement into distinct layers. This design, coupled with its modular architecture and Optimistic Rollup approach, aims to combine high performance with low costs while maintaining Ethereum’s decentralization and security. Mantle collaborates with the ether restaking protocol EigenLayer to ensure efficient data availability.

Layer 2 Mantle Network Officially Launched Its Mainnet Alpha
Layer 2 Mantle Network Officially Launched Its Mainnet Alpha 11

The modular architecture of Mantle Network enables swift upgrades by swapping in and out modular components. This flexibility allows for the adoption of the latest Ethereum improvements, including account abstraction, which enhances wallet functionality and enables more complex tasks to be handled automatically. With its Layer 2 scalability, Mantle Network opens up opportunities for advanced use cases such as blockchain gaming, DeFi, and social protocols without incurring exorbitant fees.

In addition to the mainnet launch, Mantle Network is undergoing a rebranding effort in line with its commitment to innovation and establishing a strong brand presence. Users interested in obtaining the new MNT tokens can participate in the upcoming Mantle ByStarter.

Layer 2 Mantle Network Officially Launched Its Mainnet Alpha
Layer 2 Mantle Network Officially Launched Its Mainnet Alpha 12

The launch of Mantle Network’s mainnet alpha version signifies a significant milestone in the development of Ethereum Layer 2 solutions. With its modular design and focus on performance and scalability, Mantle Network aims to contribute to the growth and expansion of the Ethereum ecosystem, enabling new possibilities for decentralized applications and fostering broader adoption of blockchain technology.

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.