Why the Modular Ethereum Layer-2 Scaling Solution is best suited for Web3 developers looking for an efficient and low-fee environment.
Arguably the most popular blockchain among developers building decentralized applications (dApps), the Ethereum Network is credited with introducing the Web3 community to innovations such as smart contracts, while maintaining strong security standards
But to solve the scalability issue of Ethereum, a new type of Layer-2 (L2) blockchain was introduced which relies on Ethereum mainnet (Layer-1) for its security but different third parties to increase throughput speed processes transactions on the network.
EVM compatibility for greater transaction speed
Importantly, the developers had to ensure that this L2 blockchain was compatible with the Ethereum Virtual Machine (EVM), the run-time environment where Ethereum’s application code and smart contracts are executed, EVM compatibility ensures this That smart contract cross-chain execution environment, enables Web3 developers to create dApps that can seamlessly interact with each other.
As a result, decentralized finance (DeFi), gaming, and social dApps are built and hosted on the L2 blockchain, decisively shifting the preferences of Web3 developers away from the Ethereum mainnet
Eventually L2 Blockchain started innovating with new solutions and technologies that can reduce transaction fees or gas and increase network speeds to cater to a wider audience but L2 Blockchain compromised security standards not made it harder to over-scale because they have deployed bridges or side chains up from here -scale functionality of Ethereum A new type of modular L2 blockchain had to be designed so future-proof for web3 innovators design platform to provide unparalleled security as well
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Next-Gen Level 2 solutions
Mantle – Introduces a high-performance Ethereum Layer-2 network that leverages a separate decentralized data availability layer and opens up even more use cases for developers building in the Mantle ecosystem together with the Ethereum roll-up
By separating execution, data availability, and transaction finality into separate layers, Mantle provides Ethereum-level security while increasing transaction speed through less inefficiency before actually, transmitting transaction-related data to Ethereum Mantle is solidified in L2 thereby effectively trimming the challenge duration and providing rapid finalization to end users Thus, Mantle is able to effectively utilize Ethereum’s large trust network and its is able to eliminate potential blockspace congestion through modular design.
As a result of these improvements, game developers can now build more elements in the chain without worrying about high transaction fees or struggling with poor end-user experience Upgraded Diffie protocols that provide margin trading and other complex Diffie strategies, at lower cost can be developed and operated , paving the way for much wider user adoption
Bitdao’s product, Mantle is an example of how the L2 blockchain can make Web 3 technology more accessible. In addition, this project demonstrates how blockchains built by community-owned DAOs can leverage member feedback and crowdsourced decision-making to continuously improve.
As more users and developers gravitate to platforms like Mantle, the future of Web3 will focus more on the modular L2 blockchain that can provide confidence to Ethereum in delivering lightning-speed
