Thread by @Slappjakke

To stand out from the other Layer 2s you need to bring some innovation to the table

Let's check out what @0xMantle from @BitDAO_Official $BIT is planning

How can Modular Design and @eigenlayer Data Availability take L2s to the next level?

🧵👇

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In this thread I'll go through:

1️⃣ What is Mantle?
2️⃣ Modular Layer 2
3️⃣ Data Availability (Eigenlayer)
4️⃣ Multiparty Computation
5️⃣ $BIT and Bitdao
6️⃣ Testnet

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1️⃣ What is Mantle?

#MantleNetwork is a Optimistic Rollup Layer 2 scaling solution built on Ethereum

It offers EVM compability, fast transactions and low tx fees, with the security inherited from Ethereum Mainnet

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Multiple transactions on Mantle are bundled together and committed to Ethereum to store the states.

A Fault Proof consensus method is used to allow users to challenge the validity of transactions on the L2

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This is similar to Arbitrum and Optimism, but Mantle distinguishes itself from other L2s by:

✅️ Modular Design
✅️ Data Availability (Eigenlayer)
✅️ Multiparty Computation
✅️ Decentralized Sequencer

Let's dig into the details

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2️⃣ Modular Layer 2

Traditional Optimistic Rollups rely on Ethereum for data availability, final settlement, and as an execution layer for fraud proofs.

Usually only the client execution is performed off-chain and everything else is posted and verified on Ethereum

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Mantles tech stack is Modular, which means that the core operations of a blockchain:

✅️ Execution
✅️ Consensus
✅️ Settlement
✅️ Data Availability

are all performed on specialized layers

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Splitting the operations to specialized layers gives better overall performance and lower fees

The beauty of a Modular Blockchain is that the consensus mechanism can be replaced with zk-Rollups or zkEVMs when they are production ready.

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Can Modular Layer 2s solve the Blockchain Trilemma?

✅ Scalability:

The separation of resources results in increased network efficiency since each layer specializes at a particular task. This leads to higher throughput

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✅ Decentralization

Sequencers have priority on the L2 chain and are the only entity that can submit transaction bundles to L1

Mantle is planning to decentralize their sequencer, removing the reliance on a single sequencer to avoid single point of failure or censorship

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✅ Security:

Mantle are deriving its security from Ethereum (via rollups)

When using the Data Availability layer built on Eigenlayer, Mantle is reusing Ethereum level security via re-staked ETH, inheriting Ethereum security for DA as well

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3️⃣ Data Availability (DA)

Different rollups use different ways for DA.

DA is the ability to store and view data committed to a blockchain

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✅ Optimistic Rollups (ORs) post a bundle of transactions and stores them on L1

This requires a lot of blockspace, but will be improved by Proto-danksharding

There is usually a 7-14 day challenge period before finality

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✅ ZKs post a validity proof on L1, and keep the data available for validation for 30 days before it is purged

Instan finality of transactions, but requires a lot of processing power to create proofs.

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✅ Mantle solves DA using @eigenlayer

A re-staking protocol that leverages Ethereum's existing trust network for enabling any rollup-based L2 to guarantee data availability to its execution layer, while maintaining the same level of security as the Ethereum mainnet

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Eigenlayer does this using a re-staking mechanism, where L1 validators can opt in to provide data availability services using their staked $ETH as collateral.

A detailed breakdown of Eigenlayer can be found in this thread

https://twitter.com/blockworksres/status/1582379353492496384

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Eigenlayers EigenDA have a separate high-performance data availability layer that can enable multiple GB/s of data for Mantle

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To summarize, instead of posting data to ETH mainnet Mantle posts it to EigenDA which is secured by re-staked ETH, maintaining a high level of decentralization

It gives an insane increase in the throughput and scalability of data, allowing new type dapps to be built

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4️⃣ Multiparty Computation (MPC)

Mantle uses MPC to minimize the L2 trust risk

Threshold Signature Scheme, uses specialized nodes which contribute to improve the correctness of off-chain transaction execution results

This leads to a shorter challenge period for withdrawals

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5️⃣ $BIT and Bitdao

$BIT is the governance token and gas token of Mantle

$BIT token is currently trading at @Bybit_Official and on Uniswap (ETH mainnet)

It has a circulating marketcap of $500m and a FDV of $4,6b

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#BitDAO is a DAO that is building and incubating Mantle

@BitDAO_Official has a multi-billion dollar treasury - it is the largest DAO treasury in the world when measured by hard assets

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BitDAO is backed by ByBit, Pether Thiel, Pantera, Spartan, Jump +++

They got some heavy firepower behind them, i think this is one to watch out for

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BitDAO is seeding an ecosystem of projects for the Mantle network and i'm sure there will be plenty of liquidity mining and builders incentives when Mantle Mainnet goes live

I'll be there to farm it for sure..

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6️⃣ Testnet

Mantle Testnet is currently live

If you are a developer wishing to build on Mantle you can apply here: mantle.to/devs #BuildonMantle

There are currently 37000 developers signed up 👀

https://twitter.com/0xMantle/status/1612706669066334209

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There are also multiple initiatives in discord that looks like they are made to reward early testers 👀

Better get involved so you don't miss out on what might be a major airdrop

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Roadmap:

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This thread was done in collaboration with @0xMantle to spread awareness of their upcoming launch. This is not financial advice.

Follow me @Slappjakke for more alpha

If you enjoyed this thread, please like and retweet the first thread linked below

https://twitter.com/Slappjakke/status/1616343196010938368