BitDAO, one of the world's largest decentralized autonomous organizations (DAO), announced today that Mantle's public test network "Wadsley" is officially launched. This is the first modular Ethereum Layer 2 (L2) zone built specifically for ultra-scalability. Blockchain. The test network is named after mineralogist Arthur David Wadsley, the man who named the wadsleyite found in Earth's mantle. The launch of this testnet is highly anticipated and has attracted great attention from the EVM developer and supporter communities. More than 37,000 people have signed up to participate in the countdown to launch. Mantle is committed to accelerating the adoption of Web3 technologies by achieving high performance and low cost without sacrificing security.
Mantle is the first L2 solution that perfectly blends modular architecture with the security and decentralization capabilities of the Ethereum blockchain. Mantle users can experience Web3 applications, and developers can deploy smart contracts in a cost-effective environment. In addition, Mantle will be EMV compatible, providing developers with a familiar technology stack that enables them to work on projects using the same tool chain as Ethereum.
“Mantle creates a great opportunity to build a large-scale blockchain ecosystem, and will also lead millions of new users and developers to start the Web3 journey,” said Arjun Krishan Kalsy, Mantle Ecosystem Lead. “Using $BIT as Mantle’s native token helps realize the vision of a community-owned DAO building a blockchain.”
Mantle solves scaling challenges
Mantle offers significant upgrades over existing L2 solutions, including:
Modular Architecture: Mantle Network designs trade execution, data availability, and trade confirmation as independent layers. The team is currently collaborating with data availability solutions teams such as EigenLayer to further optimize network performance. Thanks to the low-cost advantage of the data availability layer (for example, replacing Ethereum itself with EigenLayer's data availability layer), Rollup can continue Ethereum-level security while avoiding the high transaction fees faced by other L2 solutions.
Excellent security and data availability: Mantle combines Rollup technology with a decentralized data availability layer to achieve transaction throughput that far exceeds traditional L2 solutions. Reliable data availability also means Mantle can increase throughput without compromising security while cutting node operating costs. This reduces the processing requirements for validators and increases decentralization.
Faster transaction confirmation speed: Mantle strengthens the security and credibility of transactions on L2 before block and status confirmation reaches Ethereum, effectively shortening the challenge period and allowing users to enjoy faster transaction confirmation speed.
Multi-Party Computation (MPC): Mantle introduces MPC technology to minimize trust risks in L2 execution results. Utilizing the Threshold Signature Mechanism (TSS), the system implements multi-party signatures through dedicated nodes, thereby improving the accuracy of off-chain transaction execution results and shortening the challenge period for currency withdrawals.
Decentralized sequencer: Mantle will implement a safe, reliable and trustless block generation process based on the decentralized sequencer. By rotating among a set of permissionless sequencers, Mantle significantly reduces the risk of a single point of failure or censorship in the network. Mantle will gradually decentralize the sequencer and achieve a safe and worry-free block generation process.
Fraud proofs: By using EVM-level instructions to generate and verify fraud proofs, Mantle will bring a series of benefits, such as enabling permissionless interaction of all Ethereum clients with a common proof mechanism, and reducing the need for cross-validator, client and Compiler trust assumptions.
BitDAO Ecosystem Support
Existing ecosystems often operate independently in silos, making it difficult to provide builders with the project expansion support they need. In contrast, Mantle is owned and powered by BitDAO and will have the full support of the entire BitDAO ecosystem. The BitDAO community has been deeply involved in Web3 innovation and construction for a long time, and the launch of Mantle also confirms BitDAO’s ambition to create a Web3 ecosystem that brings together users, products, services, and public goods.
The Mantle team can provide comprehensive ecosystem support for projects that wish to settle in Mantle, accelerating the entire process from ideation to launch. Mantle will connect BitDAO’s vast partner ecosystem to promote value creation as a whole and in all aspects.
BitDAO’s native token, $BIT, is the cornerstone of innovation on Mantle, allowing the community to participate in building the network and reap rewards from its growth and expansion.
Mantle aims to accelerate the popularity of Web3 and unlock more unprecedented new possibilities for Web3 applications around the world. To learn more, visit Mantle's developer documentation. For support, please join the Mantle developer community "dev-support" on Discord.
This article BitDAO launches the test network of modular L2 solution Mantle to fully promote the popularization of Web3. It first appeared on Chain News ABMedia.