Ethereum Layer 2 Mantle Network unveils mainnet alpha at EthCC

Malaysia News News

Ethereum Layer 2 Mantle Network unveils mainnet alpha at EthCC
Malaysia Latest News,Malaysia Headlines
  • 📰 TheBlock__
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 53%

Mantle Network launched its mainnet alpha at EthCC, alongside a $200 million ecosystem fund, following six months of testnet development.

Unlike monolithic blockchains that funnel all transactions through the same layer, the Ethereum-compatible Mantle Network takes a modular chain approach, separating execution, data availability, consensus and settlement into distinct layers, Mantle said.

Arbitrum and Optimism currently dominate the Ethereum Layer 2 Optimistic Rollup landscape, with more than $5.9 billion in combined value locked, according to The Block’sMantle said this design meant upgrades could be implemented swiftly by swapping modular components in and out, potentially paving the way for the adoption of the latest Ethereum improvements like account abstraction.

The scalability of the Layer 2 opens up use cases like more advanced blockchain gaming, DeFi and social protocols without incurring high fees, Mantle added.Mantle’s mainnet alpha launches with partners including blockchain gaming accelerator Game7, web3 game launcher HyperPlay and blockchain education initiative EduDAO. Infrastructure providers and dApps like Ankr, Bullieverse, Covalent, LayerZero and The Graph also contribute to the network.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

TheBlock__ /  🏆 464. in US

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

'Doctor Who' Season 14 Wraps Filming, Showrunner Confirms'Doctor Who' Season 14 Wraps Filming, Showrunner ConfirmsThe upcoming season will see Ncuti Gatwa take on the mantle as the titular Doctor.
Read more »

Ethereum scaling protocols drive zero-knowledge proof use: Finance RedefinedEthereum scaling protocols drive zero-knowledge proof use: Finance RedefinedAlgorand decentralized lending protocol Algofi to shut down by end of 2023, Arbitrum-based Rodeo Finance exploited for the second time, $1.5 million stolen, all these and more in the latest edition of Finance Redefined.
Read more »

Liquid Staking Derivatives in Ethereum Swell by 1.5 Million ETH in 2 Months – Defi Bitcoin NewsLiquid Staking Derivatives in Ethereum Swell by 1.5 Million ETH in 2 Months – Defi Bitcoin NewsIn a span of just over two months, the liquid staking derivatives sector witnessed a substantial swelling of nearly $3 billion in its value. Ethereum LiquidStaking
Read more »

Aave Protocol activates GHO stablecoin on the Ethereum mainnetAave Protocol activates GHO stablecoin on the Ethereum mainnetThe GHO stablecoin will now be available for users on the Aave V3 platform on Ethereum.
Read more »

Coinbase Adds Messaging Function to Crypto WalletCoinbase Adds Messaging Function to Crypto Wallet.Coinbase is giving its crypto wallet users a way to talk. Its new encrypted messaging feature lets any two Ethereum addresses communicate — provided they both plug into the same messaging backbone — a communications protocol called XMTP.
Read more »

Ethereum (ETH) Whales Selling Their Holdings, What's Happening?Ethereum (ETH) Whales Selling Their Holdings, What's Happening?$ETH whales actively taking profits after the second-biggest cryptocurrency exceeded $2,000
Read more »



Render Time: 2025-02-25 20:04:50