Getting a BIT Mantle

BitDAO Rebrands to Mantle

BitDAO has undergone a rebranding to Mantle, effectively consolidating its ecosystems under the Mantle brand. To provide context:

• BitDAO is an ecosystem investment DAO closely affiliated with Bybit, a centralized cryptocurrency exchange (CEX).

• Mantle Network is an Optimistic rollup (ORU) backed by BitDAO’s funding.

This rebranding was initiated with the intention of unifying the BitDAO/Mantle community under one brand — Mantle — to eliminate any existing division and encourage collaborative efforts. Importantly, while this rebranding alters the outward appearance of BitDAO, it doesn’t impact its operational framework. BitDAO will continue functioning as it has been. For ease of understanding, we will refer to the BitDAO/Mantle ecosystem as “Mantle” and to the layer 2 solution as the “Mantle Network” throughout this report.

The report will dive into how Mantle Network’s modular L2 solution works, why it stands a strong chance of a successful launch, and what potential future could unfold for the Mantle ecosystem.

Mantle Network

Mantle Network is a modular L2 ORU developed using the Optimism stack. It implements several innovative design elements, resulting in increased scalability and an improved user experience. Key aspects of the Mantle Network are:

1. Modular Data Availability: Mantle Network uses EigenDA, an innovative approach to data availability that significantly enhances the system’s performance and scalability.

2. Multi-Party Computation (MPC): Mantle Network incorporates multi-party computation to minimize trust risk associated with L2 execution outcomes. Through the use of threshold signature scheme (TSS) technology, specialized nodes participate in multi-party signatures, enhancing the accuracy of off-chain transaction execution results. This mechanism helps to shorten the challenge period for withdrawals.

3. Decentralized Sequencer: In a progressive move towards decentralization, Mantle plans to decentralize its sequencer, ensuring more secure and trustless block production. By rotating a permissionless set of sequencers, Mantle aims to mitigate the risk of a single point of failure or network censorship.

Modular Data Availability

Mantle Network offers a unique solution to the challenges associated with traditional Optimistic rollups (ORUs) like Arbitrum and Optimism, which post compressed L2 data on the Ethereum mainnet, leading to expensive data storage and fluctuating transaction costs during periods of high mainnet usage.

Mantle’s integration of EigenDA into its data availability layer enables increased transaction throughput and lower fees without compromising security. This modular approach to data availability reduces the data posted on the Ethereum mainnet, thereby cutting costs for end users. In fact, recent Mantle testnet results have shown that this modular data availabilit