Mantle (MNT) Price

Mantle Network (formerly BitDAO) is an EVM-compatible Layer-2 scalability solution built on top of Ethereum. It uses a modular architecture that combines an optimistic rollup protocol with an innovative data availability solution. Mantle inherits security from Ethereum while offering cost-effective data availability. The native token, $MNT, functions as the governance and utility token within the ecosystem. It grants voting rights for DAO decisions and is used for gas fees on the Mantle Network. Additionally, $MNT can act as collateral for network nodes, incentivizing participation and contributing to network security. The token is ERC-20 compliant, and its functionalities are subject to modifications through the Mantle Governance process.

Mantle Network is a Layer-2 (L2) scalability solution built on top of Ethereum. It is an EVM-compatible technology stack designed for scaling Ethereum efficiently and cost-effectively. Mantle Network uses a modular architecture that combines an optimistic rollup protocol with an innovative data availability solution. This approach allows it to inherit security from Ethereum while offering cheaper and more accessible data availability. By building on top of Ethereum, Mantle Network benefits from Ethereum's validator set and consensus protocol, ensuring a secure and reliable infrastructure for transactions.

Mantle (MNT) is a migration of BitDAO (BIT). The migration began on the 17th of July, 2023