Mantle has emerged from many L2 public chains and has become the myth of creating a 100-fold coin in 2024

(Zhu Ye Strategy)

As an L2 public chain, Mantle is in a track where competition is extremely fierce. The old "Four Heavenly Kings" include Optimism and Arbitrum, which use fraud proofs, and Zksync and Starknet, which use Zk proofs. New players also have strong backgrounds, such as Base built by Coinbase based on OP Stack, EVM-compatible chain Linea launched by Consensys, and Zk-EVM launched by Polygon.  

Mantle Network was created by a team of 25 people, including Ethereum and Web3 expansion experts Arjun Krishan Kalsy and Joshua Lapidus. In addition to the core contributor group, the project also has consultants such as Bybit co-founder Zhou Ben.

Mantle Network is a product of BitDAO and is managed by the $BIT community. In May 2023, the BitDAO community began discussing the merger of the BitDAO and Mantle Network ecosystems. In the end, it was agreed that BitDAO would be renamed Mantle Network; therefore, the BIT token became the MNT token.

This staking mechanism encourages active participation and promotes a secure and stable network environment.

Conclusion

Mantle brings a unique optimistic rollup architecture to the space, leveraging EigenDA's high speed and low-cost bandwidth while relying on Ethereum's resilient network to protect its transactions.

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