Arguably the most popular blockchain among developers building decentralized applications (dApps), the Ethereum network is credited with introducing innovations like smart contracts to the Web3 community while maintaining strong security standards.

However, to solve Ethereum’s scalability problem, a new type of Layer 2 (L2) blockchain was introduced that relies on the Ethereum Mainnet (Layer 1) for its security, but processes transactions on separate third-party networks for security. increase production speeds.

EVM support for higher transaction speeds

Importantly, developers had to ensure that these L2 blockchains were compatible with the Ethereum Virtual Machine (EVM), a runtime environment where Ethereum application code and smart contracts run. EVM support ensures that smart contracts can be executed on a cross-chain. environment, allowing Web3 developers to create dApps that can seamlessly interact with each other.

As a result, a number of decentralized finance (DeFi) dApps, gaming, and social media are being built and hosted on L2 blockchains, marking a decisive shift in Web3 developer preferences away from the mainnet of ethereum.

Eventually, L2 blockchains began to innovate with new solutions and technologies that could lower transaction fees or gas and increase network speeds to serve a larger audience. However, L2 blockchains have found it difficult to achieve hyperscale without compromising security standards due to the bridges or sidechains they employ. Therefore, to achieve both the hyperscale performance and unmatched security of Ethereum, a new type of modular L2 blockchain had to be considered to provide a future-proof building platform for Web3 innovators.

Next Generation Layer 2 Solutions

Introducing Mantle: A high-performance Ethereum Layer-2 network that leverages a separate decentralized data availability layer and combines it with Ethereum roll-ups to open up even more use cases for developers building on the Mantle ecosystem.

By separating execution, data availability, and transaction purpose into separate layers, Mantle delivers Ethereum-level security while increasing transaction speed by reducing inefficiencies. In fact, transaction-related data is solidified in Mantle’s L2 before being transmitted to Ethereum, effectively reducing the challenge period and providing faster finality to the end user. In this way, Mantle can effectively utilize Ethereum’s massive trust network while eliminating potential block space congestion through its modular design.

As a result of these improvements, game developers can now create more on-chain items without worrying about high transaction fees or poor end-user experience. Even advanced DeFi protocols that provide margin trading and other complex DeFi strategies can be developed and operated at low cost, paving the way for much broader user adoption.

A BitDAO product, Mantle is an example of how L2 blockchains can make Web3 technology more accessible. Additionally, the project shows how a blockchain created by a community-owned DAO can leverage member feedback and collaborative decision-making to constantly update itself.

As more users and developers gravitate towards platforms like Mantle, the future of Web3 will be more focused on modular L2 blockchains that can offer the confidence of Ethereum while delivering blazing-fast speeds.