What is Mantle (MNT)? How Does It Work?

Mantle, the first modular Layer 2 blockchain connected to the Ethereum network, offers solutions in speed and scalability. Due to its modular nature, Mantle is a flexible structure. In this article, you will find answers to questions such as: What is Mantle (MNT)? How does Mantle (MNT) work? How to store Mantle (MNT)? How to buy Mantle (MNT)?

The First Modular Layer 2 Blockchain

Mantle (MNT) is a Layer 2 blockchain linked to Ethereum that uses Optimistic Rollup technology. With Optimistic Rollup, Mantle processes transactions off-chain, making it highly fast and scalable. Unlike similar blockchain solutions, Mantle has a modular blockchain structure.

Modular blockchains offer a more flexible infrastructure compared to other blockchains by positioning execution, consensus, settlement, and storage processes as separate entities.

Mantle’s future plans include not only decentralizing the sequencer process like other Layer 2 blockchains but also enabling updates within its modular structure without hard forks, thanks to separately positioned execution-consensus-settlement-storage processes.

For data availability, Mantle blockchain uses Eigenlayer’s EigenDA service.

Mantle Products

Among the widely used products on Mantle is mETH (Liquid Staking Token — LST), which allows staking ETH on the Ethereum network and earning passive income. Users can stake ETH on Mantle, receive mETH tokens, and contribute to Ethereum’s security while earning passive income.

There are three stablecoins on Mantle. USDY and mUSD provide direct access to U.S. treasury bonds via Mantle, while the USDe stablecoin is an algorithmic stablecoin that creates stabilization by opening ‘ETH Short’ positions in the futures market against collateralized assets.

Get to Know Mantle

• Mantle is a modular Layer 2 blockchain linked to the Ethereum network.
• It was founded by Jordi Alexander and Arjun Krishan Kalsy.
• The project, previously known as BitDAO, was rebranded as Mantle in 2022.
• Mantle’s native cryptocurrency, MNT, is used for paying transaction fees on Mantle and voting on proposed changes to Mantle.
• MNT operates on the Ethereum network.
• You can access Mantle’s website here and find detailed information here.

How to Store Mantle (MNT)?

Since MNT operates on the Ethereum network, you can store your MNT assets in browser, web, mobile, desktop, and hardware wallets that support the Ethereum network.

How to Buy and Sell Mantle (MNT)?

To buy and sell Mantle (MNT) with Turkish Lira or Tether (USDT), you can use the BtcTurk | Kripto website or the BtcTurk | Kripto mobile app. If you are not a member of BtcTurk | Kripto, you can sign up immediately on our website or mobile application and buy Mantle (MNT). You can deposit Turkish Lira 24/7 using one of our seven affiliated banks.