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News

Mantle V2 Tectonic Upgrade Has Now Completed

March 15, 2024 - Around 2 mins mins to read

Key Points:

  • Mantle Network completes Mantle v2 Tectonic upgrade, improving cost-effectiveness and interoperability.
  • Integration of EIP-1559 and streamlining of block generation promise more predictable fees and improved throughput.
  • Innovative features like Meta Transactions enhance the user experience, with comprehensive guidance for a smooth transition provided.
Mantle Network has achieved a significant milestone with the successful completion of its Mantle v2 Tectonic upgrade, marking a pivotal moment in the platform’s evolution.
Mantle V2 Tectonic Upgrade Has Now Completed

Mantle v2 Tectonic Completed

Built upon the OP Stack Bedrock framework, this upgrade positions Mantle Network as a cost-effective powerhouse in the Ethereum layer 2 (L2) landscape, boasting some of the lowest gas fees while advancing interoperability within the OP Stack ecosystem.

Following rigorous testing and audits by industry leaders OpenZeppelin, Secure3, and Sigma Prime, alongside a comprehensive public bug bounty program facilitated by Secure3, Mantle Network’s Mantle v2 Tectonic upgrade represents the culmination of meticulous preparation and dedication to quality.

Since its inception with Mantle Network Mainnet Alpha v1 (Mantle v1) in July 2023, the platform has undergone transformative enhancements, attracting a diverse array of innovative applications within the DeFi ecosystem. The Mantle v2 Tectonic upgrade underscores its commitment to maintaining momentum and driving continuous improvement.

Meta Transactions and Comprehensive Transition Guidance

A standout feature of the Mantle v2 Tectonic upgrade is the integration of EIP-1559, a protocol change that revolutionizes transaction fee dynamics within the Ethereum ecosystem, promising users more predictable and affordable fees. Additionally, Mantle v2 Tectonic streamlines block generation, transitioning to a fixed schedule that significantly boosts throughput and ensures consistent transaction times.

Moreover, the migration of the MNT token to a native L2 asset streamlines token flow within the network, enhancing ecosystem fluidity and integration. Innovative features such as Meta Transactions and refined fee optimization strategies further enhance the user experience.

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.

EIP-1559

Mantle Network

Mantle V2 Tectonic

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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.
News

Mantle V2 Tectonic Upgrade Has Now Completed

Key Points:

  • Mantle Network completes Mantle v2 Tectonic upgrade, improving cost-effectiveness and interoperability.
  • Integration of EIP-1559 and streamlining of block generation promise more predictable fees and improved throughput.
  • Innovative features like Meta Transactions enhance the user experience, with comprehensive guidance for a smooth transition provided.
Mantle Network has achieved a significant milestone with the successful completion of its Mantle v2 Tectonic upgrade, marking a pivotal moment in the platform’s evolution.
Mantle V2 Tectonic Upgrade Has Now Completed

Mantle v2 Tectonic Completed

Built upon the OP Stack Bedrock framework, this upgrade positions Mantle Network as a cost-effective powerhouse in the Ethereum layer 2 (L2) landscape, boasting some of the lowest gas fees while advancing interoperability within the OP Stack ecosystem.

Following rigorous testing and audits by industry leaders OpenZeppelin, Secure3, and Sigma Prime, alongside a comprehensive public bug bounty program facilitated by Secure3, Mantle Network’s Mantle v2 Tectonic upgrade represents the culmination of meticulous preparation and dedication to quality.

Since its inception with Mantle Network Mainnet Alpha v1 (Mantle v1) in July 2023, the platform has undergone transformative enhancements, attracting a diverse array of innovative applications within the DeFi ecosystem. The Mantle v2 Tectonic upgrade underscores its commitment to maintaining momentum and driving continuous improvement.

Meta Transactions and Comprehensive Transition Guidance

A standout feature of the Mantle v2 Tectonic upgrade is the integration of EIP-1559, a protocol change that revolutionizes transaction fee dynamics within the Ethereum ecosystem, promising users more predictable and affordable fees. Additionally, Mantle v2 Tectonic streamlines block generation, transitioning to a fixed schedule that significantly boosts throughput and ensures consistent transaction times.

Moreover, the migration of the MNT token to a native L2 asset streamlines token flow within the network, enhancing ecosystem fluidity and integration. Innovative features such as Meta Transactions and refined fee optimization strategies further enhance the user experience.

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.
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