Mantle was launched in 2023 by Mantle Labs. Since its inception, it aims to create more scalable and efficient decentralized applications. Within its first year, Mantle gained attention for its potential to enhance blockchain transactions efficiently, emphasizing community governance and seamless integration.
TECHNOLOGY
Mantle operates using a Delegated Proof of Stake (DPoS) consensus mechanism, which relies on selected delegates to validate transactions. This system reduces the energy consumption typically associated with cryptocurrency mining and speeds up transaction processing, making it a dependable and sustainable network.
USE CASES
Mantle is primarily used to power decentralized applications (dApps) on its blockchain. Use cases include: Participating in governance through voting with MNT tokens; Facilitating efficient transactions within dApps; Incentivizing network participants for maintaining security and stability.
FORECAST
Analysts are looking at Mantle with interest due to its focus on scalability and increased transaction efficiency. As blockchain technology continues to evolve, Mantle's technical innovations could make it a significant player, contingent on adoption and integration within broader markets.