We are excited to announce that Mantle Network is now #RedStonePowered! ♦️⚡
If you want to build a data-powered dApp on this EVM-compatible, fast and secure Ethereum layer-2 network, look no further. We now provide the necessary data for all your applications’ oracle needs!
What is Mantle?
Mantle is a high-performance Ethereum layer-2 network built with modular architecture delivering high security with low fees. Builders can leverage Mantle’s innovative yet intuitive design to build dApps with exceptional UX, all while guaranteed by Ethereum-grade security.
At its core, Mantle has been built with a modular architecture that uses an optimistic rollup with an innovative data availability solution. This allows Mantle to inherit security from Ethereum AND offer cheaper and more accessible data availability. The Mantle network is the first Ethereum layer-2 chain initiated by a DAO. BitDAO is seeding an ecosystem of projects for the Mantle network.
Advantages of Mantle
- Modular Data Availability: Through the use of EigenLayer, Mantle is able to increase transaction throughput beyond incumbent L2s. Accessible data availability also means Mantle can increase throughput without compromising on security, reducing the overhead of node operations. This decreases the processing requirement for validators and increases decentralization.
- Multi-Party Computation (MPC): Mantle uses MPC to minimize the trust risk of L2 execution results. Using Threshold Signature Scheme (TSS) technology, specialized nodes contribute to multi-party signatures that improve the correctness of off-chain transaction execution results. This allows Mantle to shorten the challenge period for withdrawals.
- Decentralized Sequencer: Mantle will decentralize its sequencer to offer secure and trustless block production. By rotating through a permissionless sequencer set, Mantle will reduce the potential for a single point of failure or censorship on the network. Mantle will, over time, permissionlessly decentralize its sequencer to offer secure and trustless block production.
Cooperation with RedStone
As a new, fast growing ecosystem, Mantle builders are in need of reliable Data Feeds. RedStone now provides Mantle Network with Data Feeds for 1100+ assets: prices of cryptocurrencies, stocks, commodities, NFTs, on-chain reputation, and much more. Builders can also use our Custom URL feature to plug in any API and use the data in their dApp instantly. We are well-positioned to be the cornerstone of a new wave of data-powered applications on Mantle, leveraging the security and cost-effectiveness of the Mantle ecosystem.
Questions to Mantle team
Q1. What are the beginnings of Mantle?
Mantle was started from this BitNetwork proposal. The BitDAO collective has been a trailblazer in blockchain innovations and web3 capacity building since its inception. Mantle epitomizes BitDAO’s ambition to champion web3 ecosystems of people, products, services, and public goods.
Q2. What is an interesting fact about Mantle?
Mantle is a high-performance Ethereum L2 network built by BitDAO and governed by the $BIT community. Since its inception in July 2021, BitDAO has become one of the largest decentralized treasuries in the world with billions in assets.
Q3. What excites you the most about what you’re building?
We are building the world’s first iterative modular L2 chain to scale Ethereum, initiated by a DAO. BitDAO subscribes to the values above, and Ethereum’s ethos and vision are most aligned with what BitDAO is building in its vision of a web3 future. Moreover, Ethereum is also the most widely adopted tech stack, with countless projects thriving in its ecosystem. By adopting this stack, we can leverage a wide network of developers and developer resources to accelerate web3 adoption.
Q4. Where do you see Mantle in 3 years from now?
To solve current challenges facing L2 solutions and truly enable a future-ready web3 ecosystem that will power a diverse set of projects and use cases.