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Mantle Network Transitioning to ZK Validity Rollup with Succinct SP1

国际
2024-12-20 18:06:06
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Mantle Network is advancing its technical roadmap as the first ZK validity rollup utilizing Succinct’s SP1. This transition promises to enhance institutional-grade asset settlements across decentralized markets. With $2.2 billion in total value locked (TVL), Mantle aims to redefine efficiency in financial ecosystems through zero-knowledge innovations.

Transforming Institutional-Grade Asset Settlements

Mantle Network is making waves by shifting to a zero-knowledge (ZK) validity rollup, partnering with Succinct to leverage SP1. This significant advancement aims to enhance the speed of asset settlements from seven days to just one hour.

Key Technical Advantages

Fast Finality: Transactions achieve a remarkable finality time of one hour, greatly improving user experience.EVM Equivalence: Full compatibility with Ethereum tools allows developers to utilize existing smart contracts seamlessly.Cost Efficiency: Transaction costs remain minimal as prover fees are integrated into transaction expenses.Cross-Rollup Interoperability: Supporting broader connectivity throughout the Ethereum network.

Driving Future Innovations

With these enhancements, Mantle Network aims to set new benchmarks in asset management, enabling better liquidity and security for high-value transactions. The upgrade not only bolsters institutional engagement but also fortifies the ecosystem's overall viability.

A Unified Ethereum Ecosystem

The strategic alignment with Succinct ensures that Mantle Network remains a leader in the Ethereum landscape, fostering collaboration and innovation among developers and users alike.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.