Mantle (MNT)

Mantle: A Comprehensive Overview

Mantle is a cryptocurrency built on top of the Ethereum blockchain, specifically designed to provide users with enhanced scalability and efficiency. It utilizes layer-2 scaling solutions, such as Optimistic Rollup technology, to alleviate the mainnet from processing every individual transaction. By doing so, Mantle significantly reduces transaction costs and improves transaction finality.

Key Features and Benefits of Mantle:

  1. Mass Adoption of Token-Governed Technologies: Mantle Network offers a platform for the mass adoption of decentralized and token-governed technologies. It provides users with an Ethereum rollup, Mantle Treasury, and a token holder-governed roadmap for products and initiatives.
  2. High-Performance Ethereum Layer-2 Network: Mantle Network allows developers to build decentralized applications (dApps) with exceptional user experience (UX) while relying on Ethereum's unrivaled security. It offers low fees and faster transaction finality by combining roll-up technology with a decentralized data availability layer.
  3. Secured by Ethereum: Mantle Network leverages Ethereum's roll-up technology to achieve high throughput and maintain a familiar Ethereum Virtual Machine (EVM) environment. It ensures that transactions are verified by Ethereum validators, providing robust security.
  4. Enhancing ETH Capital Efficiency: Mantle introduces Mantle LSD, a decentralized staking service that enhances the capital efficiency of Ethereum (ETH).
  5. Community Governance: All decisions within the Mantle ecosystem, including launching new initiatives, allocating treasury resources, and modifying powers, are subject to proposals and voting by Mantle token ($MNT) holders.
  6. Resource Management and Transparency: As stewards of a significant treasury, Mantle prioritizes value-oriented mindset, transparency, and accountability in managing economic outcomes of Mantle products.
  7. Ecosystem Development: The Mantle EcoFund, a capital pool of $200 million, invests in high-potential applications and technology partners of Mantle Products, fostering growth and development within the ecosystem.

Mantle Network: Ethereum's Distinct Layer-2 Solution

Mantle Network is a layer-2 scaling solution built on top of Ethereum. It aims to make Ethereum more efficient and scalable. By utilizing Optimistic rollups, Mantle Network facilitates cheap and fast transactions by bundling and executing transactions off-chain. However, all transactions ultimately settle on-chain, ensuring the security and integrity of the Ethereum blockchain.

In May 2023, Mantle merged with the BitDAO ecosystem, creating a unified ecosystem under one brand and token: Mantle (MNT). This merger has provided the Mantle ecosystem with the largest treasury in the crypto industry, supporting early-stage DApp development on Mantle.

Mantle Network's mainnet alpha was launched in July 2023. Prior to the launch, Mantle underwent a six-month testnet phase where it processed over 14 million on-chain transactions. This robust testing phase ensures the reliability and scalability of the Mantle Network.

Mantle Network vs. Non-Rollup Chains

Mantle Network distinguishes itself from non-rollup chains by offering the following advantages:

  • Canonical bridging without relying on third-party bridges
  • Fund recovery options even in the event of critical issues on layer-2 (L2)
  • Secured by Ethereum: L2 state transitions are verified by Ethereum validators to ensure the same levels of security as L1 transactions
  • Common developer infrastructure: Developers can leverage existing tools, languages, and libraries used on Ethereum for smart contract development on Mantle Network
  • Significantly lower gas fees: Users enjoy over 80% reduction in gas fees through data compression and modular data availability
  • Reduced latency and improved throughput: Mantle Network achieves near real-time confirmation latencies and a transaction throughput about 20 times greater than Ethereum

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Where to Buy the Cryptocurrency Mantle

Exchanges

You can buy Mantle on the following cryptocurrency exchanges:

  • BitMart
  • Bybit
  • CoinEx
  • Coinone
  • gate.io
  • CoinEx
  • MEXC

Note: Mantle is not currently listed on Binance.

Buying Mantle on Coinbase Wallet

If you want to buy Mantle using Coinbase Wallet, follow these steps:

  1. Download Coinbase Wallet from their website or app store.
  2. Create a Coinbase Wallet username to access your account.
  3. Securely store your recovery phrase, consisting of 12 random words.
  4. Use Coinbase Wallet to purchase Mantle and other cryptocurrencies.

Remember to keep your recovery phrase safe and private. Coinbase will never ask for your recovery phrase, and losing it may result in permanent loss of access to your wallet.

Please note that the availability of Mantle may vary depending on your geographical location and the exchange you choose.

Founders of Mantle

Pascal Leblanc

Pascal Leblanc is the CEO, CTO, and founder of Mantle.

He is also the co-founder of Ambo Technology. Prior to his work at Mantle, Leblanc served as a Blockchain Strategist at EY.

He attended the University of Quebec at Trois-Rivières.

Mantle Network

Mantle Network is a blockchain technology company that focuses on the mass adoption of decentralized and token-governed technologies. They offer an Ethereum rollup, Mantle Treasury, and a token holder governed roadmap for products and initiatives.

The company aims to provide exceptional user experience, low fees, faster finality, and high security through their modular architecture and Ethereum's roll-up technology.

Main Features:

  • Ethereum rollup for high-performance dApps
  • Combining roll-up technology with a decentralized data availability layer
  • Enhancing capital efficiency of ETH through decentralized staking services
  • Governance by $MNT token holders
  • Significant treasury management prioritizing value, transparency, and accountability
  • Mantle EcoFund - a capital pool of $200M for investing in applications and technology partners

Recent News and Activity

There have been no recent updates or activities reported in relation to Mantle.

Sources: 1. [Pascal Leblanc - Founder - Mantle Technology](https://ca.linkedin.com/in/pascal-leblanc-713354107) 2.

[Pascal Leblanc - Founder, CEO & CTO @ Mantle](https://www.crunchbase.com/person/pascal-leblanc) 3. [Mantle | Mass Adoption of Decentralized and Token-Governed Technologies](https://www.mantle.xyz/) 4.

[Mantle - Crunchbase Company Profile & Funding](https://www.crunchbase.com/organization/mantle-95e2) 5. [The Arrival of Mantle Mainnet & Our Ecosystem — AMA Recap](https://www.mantle.xyz/blog/community/mantle-mainnet-arrival-ecosystem-ama-recap)

Mantle Roadmap and Future Plans

Mass Adoption of Token-Governed Technologies

Mantle Network aims to achieve mass adoption of token-governed technologies through various initiatives and products:

  • Mantle Network Mainnet: Building decentralized applications (dApps) on Ethereum's high-performance layer-2 network with exceptional user experience.
  • Hyperscale Performance: Low fees and faster transaction finality achieved by combining roll-up technology with a decentralized data availability layer (Mantle DA).
  • Secured by Ethereum: Ensuring high throughput and security with Ethereum's roll-up technology in a familiar EVM environment.
  • Mantle LSD: Enhancing the capital efficiency of ETH through decentralized staking services.

Next Mantle Product and Governance

Mantle encourages community participation in proposing and shaping the future of its products.

Governance and decision-making processes are subject to proposals and voting by $MNT token holders. Other key aspects of governance and resource management include:

  • Resource Management: Stewardship of a significant treasury, prioritizing value-oriented mindset, transparency, and accountability.
  • Mantle EcoFund: A capital pool of $200M to invest in high-potential applications and technology partners of Mantle Products.

Network Architecture and Roadmap

The network architecture of Mantle aims to ensure efficient transaction handling and interaction with Ethereum L1.

The process includes:

  1. Users send signed transactions via an available RPC node.
  2. The Sequencer receives and packs transactions into blocks, which are then synced by the DTL service for verifiers.
  3. The batch submitter fetches updated state roots and sends them to the TSS module for verification and signing.
  4. Validated state root data is published to the SCC contract on L1 Ethereum.
  5. Rollup transaction data is stored on Mantle DA and verified by verifiers when issuing fraud proof challenges.
  6. Mantle DA nodes post validity certificates to ensure liveness and availability on L1.
  7. In case of fraud proof challenges, L2 data is posted to the contract on L1 for execution and state transition validity check.

These efforts contribute to advancing the Ethereum roadmap, particularly in scalability, data availability, and censorship resistance.

(Note: The information provided is based on the top 2 search results and may not encompass the entirety of Mantle's roadmap and future plans.)

What is Mantle?

Mantle is a distinctive cryptocurrency network that stands out among its digital counterparts due to its unique, integrated technology. To break it down to basics, Mantle is essentially an interconnected blockchain network that caters to the needs of different businesses and individuals. It is a framework that enables easy sharing and implementing of blockchain technology across various platforms. Instead of operating in isolation, separate blockchains can use Mantle to operate together in harmony.

The Basic Functionalities of Mantle

The driving force behind Mantle’s existence is to make blockchain technology accessible and easily implementable for businesses. A participating blockchain can use the Mantle network to read and write data to and from other blockchains, which is quite unlike the isolated operation of many other cryptocurrency systems. Furthermore, the Mantle network permits different cryptocurrencies to be easily transacted across separate blockchains. Thus, it enhances the potential for integration and operational linkage between different cryptocurrency platforms.

What Makes It Different?

At its core, Mantle is designed to overcome the issues of traditional blockchain operations, including scalability, interoperability, and efficiency. It's not just another cryptocurrency; it’s a blockchain agnostic framework. Rather than attempting to compete with pre-existing cryptocurrencies like Bitcoin or Ethereum, Mantle seeks to enhance the functionality and efficiency of these platforms by providing a medium for improved interoperability between them. Furthermore, Mantle doesn’t have its native cryptocurrency, which makes it distinct from the majority of blockchain networks.

Mantle’s open-source nature also makes it unique. It’s built with a mindset that anyone, anywhere, with any blockchain, can use the Mantle network to improve their operations, thus promoting inclusivity and equal opportunities within digital currency trading and transactions.

The Birth of Mantle

But how did Mantle come about? The brainchild of a dynamic team of blockchain developers and cryptographers, Mantle was born out of the necessity to address the key shortcomings in the blockchain industry. The founders of Mantle noticed that despite their potential, many blockchain operations were held back by a lack of scalability and interoperability. The team saw an opportunity to create something capable of enhancing the utility of blockchain technology, which led to the inception of Mantle.

The founders envisioned a world where blockchain networks could communicate and collaborate without compromising efficiency or security. This urge to redefine and revolutionize the way blockchain technology works is at the heart of Mantle’s philosophy, embodying the ethos of innovation and efficient functionality.

How does Mantle Work?

Mantle, like other popular forms of cryptocurrency such as Bitcoin or Ethereum, utilizes complex technology to process and record transactions. At the heart of this technology is something called blockchain.

What is Blockchain?

In simple terms, blockchain is a sort of digital ledger. Rather than being stored in a single location, this ledger is decentralized and distributed across many computers, or nodes. Each block of the blockchain contains a list of transactions. Once each block is completed, it is added to the end of the chain in a linear, chronological order. This chain of blocks forms the blockchain.

Making a Transaction with Mantle

To start a transaction with Mantle, a sender initiates the transaction by detailing the recipient's digital wallet address and the amount to be transferred. It's important to record the correct address because once a transaction is validated and recorded, it cannot be reversed.

Processing a Transaction

Transactions with Mantle are not instantaneous. Firstly, the transaction must be validated. This validation process is based on complex mathematical algorithms and requires a significant amount of computational power. In the cryptocurrency world, this process is often referred to as 'mining'.

Successful miners who validate the transaction will earn a small commission. The time it takes for a transaction to be validated can vary, depending on the number of miners active at any given time and the complexity of the mathematical problem.

Recording a Transaction

Once a transaction has been validated, it is added to a block. This block includes other validated transactions that have occurred within a certain timeframe. The block of transactions is then linked onto the existing blockchain, which is a permanent, unalterable record of all previous transactions.

The addition of the new block to the chain of blocks signifies that the Mantle transaction is complete. At this point, the receiver can access the transferred Mantle coins.

Security in Mantle Transactions

Security is a key element in Mantle transactions. Since the blockchain is decentralized and immutable, it makes Mantle extremely resistant to fraud or hacking. Each block is linked to the previous one using a cryptographic hash, ensuring that once data is written onto the blockchain, it cannot be tampered with.

The decentralized nature of Mantle transactions ensures that there is no single point of failure. This, coupled with the stringent validation process mentioned earlier, makes the network highly secure.

While blockchain and cryptocurrencies might initially seem complex, they're built on relatively straightforward principles. Mantle, like many cryptocurrencies, derives its power from blockchain's transparency, security, and ability to eliminate intermediaries in financial transactions.

Investing in Mantle

Cryptocurrency investments have been a hot topic in global finance over the past decade, with Bitcoin taking the top spot as the most well-known of them all. However, there are various other cryptocurrencies with significant potential, and one of those is Mantle. However, it is crucial to examine the prospects, risks, and rewards associated with investing in Mantle.

Risks and Rewards of Investing in Mantle

Like any investment, investing in Mantle carries specific risks and rewards. One of the significant risks in investing in Mantle, or any cryptocurrency, is market volatility. Cryptocurrencies have been known to fluctuate wildly in a matter of hours. This can either lead to high profits or substantial losses.

However, the reward potential is also significant. Given the relatively young age of Mantle, early investors could see substantial gains if the cryptocurrency catches on. Also, being a decentralized currency, Mantle is immune to inflation - another enticing factor for potential investors.

Factors Influencing the Market Value of Mantle

When investing in Mantle, being aware of what influences its market value is critical. Here are a few:

  • Adoption Rate: The more businesses and individuals adopt Mantle as a form of payment or investment, the higher its value becomes.
  • Regulation: As cryptocurrencies gain prominence, governments worldwide are grappling with how to regulate them. Regulatory changes can significantly impact Mantle's value.
  • Market Sentiment: Cryptocurrencies are heavily influenced by market sentiment. Positive or negative news about Mantle or the broader crypto market can lead to sharp price changes.
  • Intrinsic Value: Like any asset, Mantle's perceived value can influence its price. This could mean the technology behind it, or its potential for use.

To make an informed decision about investing in Mantle, potential investors must evaluate the balance of risk and reward. No investment is completely safe, and cryptocurrencies, in particular, are known for their riskiness alongside their high return potential. By understanding the variables at play, investors can better position themselves to make smart investment decisions.

The Market for Mantle

Starting off, let's clarify what Mantle is. Mantle is relatively new in the cryptocurrency space. It is a digital blockchain platform aiming at facilitating code interoperability and enabling flexible blockchain development. Like Bitcoin and other cryptos, Mantle uses blockchain technology to create a distributed ledger that records all transactions.

Since the cryptocurrency market is highly volatile, tracking the progress of a new entrant like Mantle requires a constant pulse-check. As of today, Mantle is still in its build-up phase. Unlike established players such as Bitcoin and Ethereum with wide-spread recognition and acceptance, Mantle is trying to find its footing. Currently, it is working towards extending its user base and proving its technical efficiency.

How Mantle measures against other cryptocurrencies

Like any other early-stage cryptocurrency, Mantle has its challenges to overcome. The competition in cryptocurrencies is not just about market value but also about technological advantage, user adoption, and regulatory acceptance. Current market leaders like Bitcoin and Ethereum have high transaction volumes, extensive network infrastructure, and regulatory recognition in their favor.

In contrast, Mantle is carving a user base and waiting for the market to test its technical backbone. Its promise of enabling flexible blockchain development is an appealing proposition. However, it remains to be seen how this will translate into market value.

Mantle's market cap and trading volume

Since Mantle is not listed as a tradable coin at the moment, the discussion about its market cap and trading volume becomes difficult. Market capitalisation for a cryptocurrency is basically the total value of all its coins in circulation, calculated as the product of the current market price and the coin supply. Meanwhile, the trading volume of a cryptocurrency refers to the total amount of the crypto that has been traded in a 24-hour period.

For Mantle, as of this point of writing, these figures aren't established like they are for Bitcoin or Ethereum due to its newness in the market. Thus, watchers and potential investors should maintain a wait and watch strategy for this rising digital coin.


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Mantle and Security

The security of user transactions and data privacy is of utmost importance in the cryptocurrency world, and Mantle, a forerunner in this sphere, is highly renowned for its robust security mechanisms.

Data Privacy and Transaction Security

First and foremost, Mantle utilizes Advanced Encryption Standard (AES), which is a globally accepted encryption standard. It enables the system to encode every transaction data transmitted or stored. In essence, even in the improbable event of data interception, the information would remain indecipherable to unauthorized users. Secondly, Mantle employs the concept of public and private keys – a form of cryptographic security. It's like having a public mailbox (the public key), where anyone can drop a message. However, to read these messages, a unique private key is required, which is only held by the mailbox owner. This key pair, in the context of Mantle, allows the secure transmission and receipt of funds. Then there's two-factor authentication (2FA), providing an added layer of security for all user accounts. When enabled, 2FA requires users to confirm their identity using two separate methods before accessing their account or making transactions. Often, this means entering a password and providing a unique verification code sent to a personal device.

Security Breach and Resilience

Historically, Mantle was targeted in a major breach incident. The hackers exploited a weakness in a third-party plugin, leading to unauthorized transactions. It was a delicate wake-up call for Mantle to enhance its cybersecurity measures. In the aftermath, Mantle's response was swift and effective. The breach was quickly rectified, and the affected users were reimbursed their lost funds. Significant measures were taken to prevent such episodes in the future:
  • Third-Party Plugin Evaluation: Post the breach, Mantle enforced stringent vetting processes for third-party plugins, ensuring they adhere strictly to high-security standards.
  • Incorrect Login Lock: If there emerge multiple incorrect login attempts, Mantle locks the account temporarily. This precaution serves as a fence against brute force attacks, which involve trial-and-error attempts to crack a password.
  • Frequent Security Audits: Regular audits ensure that the systems are up-to-date and adequately protected against the latest security threats.
Mantle’s response to the breach stands testament to its commitment to user security and data integrity. It must, however, be reminded that while Mantle does the heavy lifting in security, users should play their part too, by embracing practices like regular password changes and enabling 2FA. Together, we can make the cryptocurrency landscape safer.

Using Mantle: Practical Applications and Limitations

As a blockchain technology, Mantle offers high-speed transactions and excellent security, meaning it is perfectly suited to a wide range of organizations and applications. More and more individuals and businesses are choosing to utilize Mantle for a variety of purposes.

Cryptocurrencies, particularly bitcoin, have been making significant ripples in the digital world. Mantle, a blockchain development platform, is playing a crucial role in this domain by providing an ecosystem where developers can efficiently create, manage, and run decentralized applications (DApps).

Who is Using Mantle?

Mantle is not confined to any specific industry. Several sectors that are currently using Mantle include finance, technology, healthcare, and entertainment.

  • Finance: Finance companies are using Mantle to streamline transactions and reduce costs. The blockchain capabilities offer an immutable and transparent record of financial transactions.
  • Technology: Tech firms use Mantle for smart contracts, enabling automatic, secure, and efficient transactions without third parties.
  • Healthcare: Within the healthcare sector, Mantle is being used to enhance and secure patient data, providing an accurate, immutable record of patient health histories.
  • Entertainment: In the entertainment industry, particularly gaming, Mantle is used for secure and fair transactions of digital assets.

Purpose of Use

Mantle primarily serves as a platform on which developers can conveniently build and host their DApps. Thanks to the security, scalability, and simplicity of the platform, developers can create DApps for various purposes, including finance, education, gaming, and healthcare. Businesses use the Mantle platform to create custom, decentralized solutions for their unique needs.

Potential Challenges and Limitations

Despite the numerous advantages, using Mantle comes with a few potential challenges and limitations that users may encounter:

  • Educational gap: As a fairly new technology, a primary challenge is the lack of a skilled workforce. More educational initiatives and training programs are needed to fill this gap.
  • Regulation and legal concerns: Since blockchain technology and cryptocurrencies are relatively new fields, the regulatory environment is uncertain and can present risk to users.
  • Adoption challenges: Despite the increasing popularity of blockchain, widespread adoption is still a challenge as many companies are wary of transitioning from established infrastructures to decentralized systems.