Question

what is Mantle

Answer 1

Mantle Network (MNT) is a fascinating project that combines Layer 2 (L2) technology with the vision of mass adoption of token-governed technologies. Let’s dive into the details:

1. What Is Mantle Network?

   • Mantle Network is an L2 technology stack designed to scale Ethereum. It serves as the first core product of the broader Mantle Ecosystem.
   • The goal of Mantle Network is to be compatible with the Ethereum Virtual Machine (EVM).
   • Its modular architecture separates key components:
     • Transaction execution: Handles transactions.
     • Data availability: Ensures data is accessible.
     • Transaction finality: Confirms transaction validity.
   • These modules can be individually upgraded, allowing Mantle Network to adopt the latest innovations.

2. Unique Features of Mantle Network (MNT):

   • Hyperscaling Performance: Mantle Network achieves high network performance at low fees while maintaining Ethereum’s security.
   • Token-Governed: Mantle Network is DAO-governed, where decisions are made by $MNT holders.
   • Use Cases for MNT:
     • Paying gas fees: MNT serves as the native gas token.
     • Growing the ecosystem: MNT supports ecosystem growth.
     • Community governance: Decisions are made collectively by the community.

3. Founders and Governance:

   • Mantle Network doesn’t have a single founder. It operates as a DAO-accelerated network.
   • Key contributors include jacobc.eth and Ben Zhou.

4. Token Details:

   • Total supply: 3,172,988,154 MNT tokens.
   • Distribution:
     • 51% in circulation.
     • 49% allocated to the Mantle Treasury.
   • Security: Mantle Network partners with ETH restaking protocol EigenLayer for data availability.

5. Where Can You Buy MNT?

   • MNT is available on exchanges such as Bybit, MEXC, BingX, Huobi, Gate, Coinone, and Korbit.

In summary, Mantle Network aims to revolutionize Ethereum scalability while empowering the community through token governance.