{"id":15031,"date":"2022-12-01T11:56:48","date_gmt":"2022-12-01T11:56:48","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitdao-reveals-modular-ethereum-l2-called-mantle-public-testnet-to-launch-in-2023-technology-bitcoin-news\/"},"modified":"2022-12-01T11:56:48","modified_gmt":"2022-12-01T11:56:48","slug":"bitdao-reveals-modular-ethereum-l2-called-mantle-public-testnet-to-launch-in-2023-technology-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitdao-reveals-modular-ethereum-l2-called-mantle-public-testnet-to-launch-in-2023-technology-bitcoin-news\/","title":{"rendered":"Bitdao Reveals Modular Ethereum L2 Called Mantle, Public Testnet to Launch in 2023 \u2013 Technology Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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On Wednesday, one of the world\u2019s largest decentralized autonomous organizations, Bitdao, announced the soft launch of a modular Ethereum layer two (L2) network called Mantle that claims to bolster lower fees and fast transactions. According to the Bitdao team, Mantle\u2019s public testnet is scheduled to release in 2023.<\/strong><\/p>\n

Decentralized Autonomous Organization Soft Launches Mantle, a \u2018Connective Tissue for Various Bitdao Initiatives\u2019<\/h2>\n

2022 has seen a significant amount of innovation dedicated to layer two (L2) Ethereum networks. On Nov. 30, 2022, the decentralized autonomous organization (DAO) Bitdao<\/a> announced the soft launch of a new L2 called Mantle. According to the webpage, Bitdao is a collective of \u201cbuilders, products and mutually beneficial ecosystems,\u201d which is governed by BIT tokens.<\/p>\n

At the time of writing, statistics<\/a> from deepdao.io indicate that the DAO is the second largest under Uniswap\u2019s DAO. Bitdao\u2019s treasury holds roughly $2.7 billion in value which consists of tokens like BIT, ETH<\/a>, USDC, and USDT<\/a>, according to deepdao.io data. As far as Mantle is concerned, Bitdao explained in a press release sent to Bitcoin.com News that the technology is the first \u201cL2 solution to combine modular architecture with the security and decentralized features of the Ethereum blockchain.\u201d<\/p>\n

Jacobc.eth<\/a>, head of product for Bitdao\u2019s Windranger Labs said \u201cMantle will serve as the connective tissue for various Bitdao initiatives, such as projects from Game7, to research from Edudao, to the ecosystem of [decentralized apps] being enabled by Bitdao.\u201d The Windranger Labs executive added:<\/p>\n

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Mantle is Bitdao\u2019s demonstration to scale Ethereum and Web3, enabling a whole new generation of use cases and innovations.<\/p>\n<\/blockquote>\n

Mantle aims to offer \u201clow gas fees\u201d and faster transaction speeds, alongside a \u201cnext-generation network design,\u201d the Bitdao collective says. Further, it will be the first network to adopt EIP-3074<\/a>, an Ethereum Improvement Proposal that defines two new opcodes and extends smart contract functionality and meta-transactions.<\/p>\n

Mantle is not the only L2 scaling solution that has been brought to the table in 2022, as there\u2019s a whole slew of L2 products these days. This includes L2 scaling solutions such as Loopring, Immutable X, Zksync, Arbitrum, Optimism, and Polygon\u2019s Hermez (now called zkEVM). Bitdao details that alongside a comprehensive incentive program, Bitdao aims to have the Mantle public testnet ready to \u201cgo live in 2023.\u201d<\/p>\n

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Arbitrum<\/a>, BIT<\/a>, BIT token<\/a>, Bitdao<\/a>, Bitdao DAO<\/a>, Bitdao L2<\/a>, Bitdao Mantle<\/a>, DAO<\/a>, deepdao.io<\/a>, EIP-3074<\/a>, fast transactions<\/a>, Immutable X<\/a>, Loopring<\/a>, Low gas<\/a>, Mantle<\/a>, Mantle L2<\/a>, modular architecture<\/a>, Optimism<\/a>, Polygon\u2019s Hermez<\/a>, Scaling<\/a>, Scaling Solution<\/a>, technology<\/a>, Web3<\/a>, zkEVM<\/a>, Zksync<\/a><\/div>\n<\/div>\n

What do you think about Bitdao revealing the soft launch of the L2 scaling product Mantle? Let us know what you think about this subject in the comments section below. <\/strong><\/em><\/p>\n

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\nJamie Redman <\/h6>\n

\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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