Mantle is an Ethereum Layer-2 scaling solution.
Because Mantle is built on top of the Ethereum blockchain, its users and developers may take use of Ethereum’s security features.
Mantle and other Layer-2 scaling solutions relieve the mainnet of the burden of processing each individual transaction. Rather, with the utilization of Optimistic Rollup technology. Before settling the rollup of transactions on-chain, Mantle may securely log transactions that happen on the Layer 2 using off-chain processing.
As a result, Mantle says it can provide better throughput and lower transaction costs than Ethereum, its “Layer-1” basis. Mantle’s developer guide claims that the network can accomplish a transaction throughput of 20 times larger (500 transactions per second compared to Ethereum’s 25 transactions per second) and that Mantle transaction costs are 80% cheaper than those of Ethereum.
Theoretically, Mantle users have all of the advantages of the Ethereum blockchain, except for the main disadvantages.
Furthermore, Mantle is compatible with EVM. The acronym for Ethereum Virtual Machine is EVM. As a result, communication between the network and the Ethereum ecosystem is facilitated. Mantle has the capability to execute Ethereum smart-contracts, and it is simple to run any Ethereum-based dApp (decentralized application) on Mantle.
July 2023 marked the Mantle Network’s debut. It is the first Layer-2 solution that a DAO has introduced. The network started with BitDAO, which is well-known for having the biggest DAO treasury in the cryptocurrency world.
The BitDAO community decided to combine BitDAO and Mantle under a single name in May 2023. Since then, BitDAO has changed to become “Mantle Governance.” In June 2023, all BIT tokens were exchanged for MNT tokens at a 1:1 ratio.
Mantle Airdrop
- Set up Mantle Testnet
Add Goerli network on your MetaMask via Chainlist. Then, claim Goerli testnet ETH to cover gas fees using Paradigm Faucet or Alchemy Faucet. Afterwards, add Mantle Testnet to MetaMask via Chainlist.
- Claim Testnet $MNT from Mantle Faucet
Connect your wallet to the Mantle Faucet. Verify your Twitter and paste your wallet address. You can mint up to 1,000 $MNT testnet tokens.
If you don’t see $MNT in your wallet, click “Import Token” and paste the following $MNT token contract address: 0x3c3a81e81dc49a522a592e7622a7e711c06bf354
- Bridge Assets from Goerli to Mantle Testnet
Use the Mantle Bridge to transfer Goerli ETH and testnet $BIT to the Mantle Testnet.
Switch the network to the Mantle Testnet. Import the token contract address of Goerli ETH, which will be shown as WETH on Mantle: 0xdEAddEaDdeadDEadDEADDEAddEADDEAddead1111
- Complete Mantle Quests on Crew3 and join the Mantle Guild
Complete as many Crew3 quests as possible to get exclusive Discord roles. This could also be an eligibility criterion for the airdrop.
