Cryptocurrency Q&A
What does the mantle network use for gas?
What does the mantle network use for gas?
alexander_clark_designer
Sat May 25 2024
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7 answers
1807
Could you please explain, in layman's terms, what purpose does the mantle network employ the concept of "gas" for? Is it similar to how other blockchain networks utilize transaction fees, or does it serve a distinct function within the mantle ecosystem? I'm particularly interested in understanding how this mechanism contributes to the overall efficiency and security of the mantle network. Could you elaborate on this, perhaps with a brief comparison to other blockchain platforms, if possible?
7 answers
Carlo
Mon May 27 2024
Cryptocurrency and finance are intricate domains that require profound knowledge and expertise. The field is constantly evolving, with new innovations and developments emerging regularly.
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DondaejiDelightful
Mon May 27 2024
One such development is the emergence of Layer 2 solutions, such as the Mantle Network. These solutions aim to enhance the scalability and efficiency of blockchain networks.
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Stefano
Mon May 27 2024
A key aspect of Mantle Network is its gas fee structure. Unlike many other L2 networks, gas fees on Mantle are charged in $MNT, the network's native token.
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MysticGlider
Mon May 27 2024
The utilization of $MNT as the gas token offers significant cost savings to users. At the same gas price, transactions on Mantle Network incur lower costs compared to other L2 networks using $ETH or other tokens.
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SunlitMystery
Sun May 26 2024
BTCC, a leading UK-based cryptocurrency exchange, offers a comprehensive suite of services tailored to meet the needs of crypto enthusiasts and investors.
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