On Nov 30, 2022, ,BitDAO, announced the soft launch of, ,Mantle,, the first modular Ethereum Layer-2 (L2) solution with separate execution, data availability, and consensus layers, complete with top-notch performance and highest-possible security. The public testnet is slated to go live in 2023, along with a comprehensive incentive program.
An initial proponent of BitDAO, now one of the world's largest DAOs, Bybit has been a recurring contributor to the BitDAO treasury and a supporter of BitDAO's boldest endeavors. Mantle is the latest exercise in collective innovative thinking made possible by BitDAO's community-led tokenized governance system, and echoes Bybit's own vision of next-generation scalability in Web3.
For the Ethereum community, L2 solutions are the answer to solving limitations of traditional Layer 1 (L1) blockchain solutions, where millions were priced out by unpredictable, and sometimes exorbitant, gas fees. Mantle is the culmination of innovation to achieve hyperscalability, lower gas fees, and data reliability.
Through using EigenDA, a decentralized data availability layer, Mantle provides superior throughput and low fees.
"When modules of chain functions are unbundled and free to mix and match, permissionless innovation will give rise to use cases that have not even been imagined yet," said Sreeram Kannan, founder of EigenLayer. "We at EigenLayer are inspired by Mantle's iterative and modular approach. It has been a pleasure to work with the Mantle team over the past months to bring it to life."
Owned and accelerated by BitDAO, the Mantle network has the backing of the entire BitDAO ecosystem. Low gas fees, next-generation network design, and superior user experience allow the most imaginative use cases to come to life.
"Mantle will serve as the bridge for various BitDAO initiatives, such as projects from Game7, to research from EduDAO, to the ecosystem of dApps being enabled by BitDAO," said jacobc.eth, head of product for BitDAO's Windranger Labs. "Mantle is BitDAO's demonstration to scale Ethereum and Web3, enabling a whole new generation of use cases and innovations."
Sharing this sentiment, Ben Zhou, our co-founder and CEO, recognized Mantle's transformative power.
"Mantle has the capability to help every builder and decision-maker get to the forefront of innovation and plug into Web3 seamlessly. The path to the promise of a decentralized future is the mass adoption of blockchain, and community-driven technological solutions like Mantle will take us there."
A product of BitDAO, Mantle will use BIT, BitDAO's governance token as the native gas token on the network.
Source: Bybit Blog
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