BitDAO, an autonomous decentralized organization with $one.seven billion in assets, has announced the launch of a Layer two Mantle network on Ethereum.
On the evening of November thirty, BitDAO, the DAO organization backed by the Bybit exchange, announced the launch of the Mantle Network, a layer two remedy constructed on prime of Ethereum.
In our mission to help builders and decentralized methods, BitDAO is proud to unveil @0xMantlea substantial-overall performance modular Ethereum L2 network that will drive the potential of web3 innovation and more scale the @Ethereum ecosystem.
Website: https://t.co/joKYjz7UWV https://t.co/7mToYsWF8g
— BitDAO (@BitDAO_Official) November 30, 2022
Mantle is constructed to be a modular layer two remedy. Unlike common blockchains, which have only a single protocol layer exactly where all operations have to consider location, modular blockchains will have separation concerning the consensus layer, transaction execution layer and payments, as properly as information storage. The modular design and style of the blockchain is anticipated to improve the scalability and operational efficiency of the blockchain.
According to info presented by BitDAO, Mantle will also have three ranges of performance as over.
A BitDAO representative explained:
“BitDAO aims to bring the focus back to Ethereum layer 2 solutions and show users the best that Web3, DeFi and GameFi have to offer.”
Mantle is claimed to have superior overall performance above other present tier two networks, more rapidly transaction speeds, and decrease costs. Specifically, the transaction charge on Mantle will be paid in BitDAO’s BIT token.
Mantle also has help from EigenLayer, a information availability developer, which makes it possible for tasks to integrate each Optimistic Rollup and zk-Rollup right here.
Mantle will quickly make it possible for tasks to be deployed right here in 2023, prioritizing platforms incubated and invested by BitDAO.
The BitDAO rep confirmed:
“Mantle will serve as a bridge concerning several BitDAO initiatives, this kind of as the Game7 tasks, EduDAO exploration, and BitDAO-supported dApps. Mantle will develop into the remedy for BitDAO to scale Ethereum, bringing a new wave of utilizes and innovations.
The price tag of BitDAO’s BIT token is increasing somewhat following the announcement of the launch of its Mantle degree two remedy on Ethereum.
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