L2 Network Mantle Introduces Mainnet Alpha With Modular Design For Easy Upgrades And Security

• Mantle’s staff mentioned the modular design will permit for fast future upgrades, making it easy to onboard Ethereum updates.
• The design which splits blockchain exercise throughout separate layers additionally presents customers low-cost transactions on a high-performance blockchain, the staff mentioned.
• The staff introduced its mainnet alpha on the EthCC in Paris at present.
• The mainnet additionally launched together with a $200 million ecosystem fund to help native initiatives after builders labored on the community for over six months.

Mantle, a layer 2 community constructed a-top the Ethereum blockchain, announced its mainnet alpha after builders labored on the chain in a take a look at surroundings for six months.

At this time’s launch which was introduced on the Ethereum Neighborhood Convention (EthCC) in Paris comes after the protocol reached a merger cope with BitDAO. The settlement signaled two main developments for Mantle – help from BitDAO’s $2.4 billion robust treasury and added decentralization via the DAO’s governance system.

The staff examined its modular design in a testnet for over half a 12 months, processing greater than 14 million transactions on its blockchain and fixing bugs to mitigate future assaults or exploits. The mainnet alpha additionally handed a number of safety audits, the staff added.

Mantle’s Modular Masterpiece

Notably, Mantle’s blockchain design adopts a modular construction that may part on-chain actions like consensus, information availability, execution, and settlement into separate layers. This design steps away from the monolithic blockchain infrastructure which usually handles operations on a single layer.

The purpose, Mantle’s staff mentioned, is to supply customers with low-cost transactions and a high-performance community that faucets Ethereum’s safety mannequin. Mantle strategic advisor Jordi Alexander famous that the modular method will even permit the community to implement upgrades and onboard developments pushed out by Ethereum builders.

As this burgeoning house sizzles on the eve of ‘L2 Summer season’, the agility enabled by Mantle Community’s adaptive and iterative design will hold it on the bleeding fringe of the most recent technological breakthroughs for years to return

Together with its mainnet alpha launch, the Ethereum-compatible L2 community additionally unveiled a $200 million ecosystem fund permitted by BitDAO. In accordance with the announcement, the fund will again early-stage decentralized purposes constructing options on the Mantle community.

A number of well-known enterprise companies contributed to the fund together with Animoca Ventures, Hashkey Capital, and Pantera Capital.