
1) Internet Computer Crypto :
Internet Computer (ICP) is a blockchain project created by the DFINITY Foundation, which was founded by Dominic Williams in 2016. The goal of Internet Computer is to create a decentralized and scalable blockchain that can host websites, applications, and services in a way that is faster and more secure than traditional internet infrastructure.
Key details about Internet Computer (ICP):
- Founder: Dominic Williams, a computer scientist and entrepreneur.
- Blockchain Structure: ICP aims to extend the functionality of the internet by creating a decentralized “cloud” for smart contracts and decentralized applications (dApps).
- Consensus Mechanism: ICP uses a novel consensus mechanism known as Threshold Relay and Chain Key Technology, which helps to achieve high throughput and low latency while maintaining decentralization.
- Governance: The DFINITY Foundation also created the Network Nervous System (NNS), which governs the Internet Computer network, allowing token holders to participate in decision-making and protocol upgrades.
- Speed and Scalability: ICP aims to overcome the limitations of traditional blockchain networks by enabling faster and more efficient operations. It can process transactions and smart contract executions faster than many other blockchains, making it suitable for large-scale applications.
- Utility of ICP Tokens: ICP tokens are used for governance, network transactions, and to reward participants who help maintain the network.
ICP aims to reduce reliance on traditional cloud computing services by offering a decentralized alternative, where developers can build and run secure applications and services without depending on centralized entities like Amazon Web Services or Microsoft Azure.
Why Internet Computer can be a good investment ?
There are many companies and institutions which are supporting Internet Computer and making it a good investment.
Internet Computer (ICP) has garnered support from several prominent companies and investors within the tech and blockchain space. Some of the key backers include:
- DFINITY Foundation: The primary organization behind Internet Computer, responsible for the development and ongoing progress of the project. It is led by Dominic Williams, who also created the blockchain.
- Andreessen Horowitz (a16z): A major venture capital firm that has invested heavily in blockchain projects, including Internet Computer. Andreessen Horowitz has been one of the earliest and largest supporters of the ICP project.
- Polychain Capital: Another leading venture capital firm focused on cryptocurrency and blockchain technology, Polychain Capital is a notable investor in Internet Computer.
- Electric Capital: Known for its investment in blockchain projects, Electric Capital has also supported the development of Internet Computer.
- Benchmark Capital: A leading venture capital firm that has invested in a range of tech companies, Benchmark Capital is another investor supporting ICP.
- Coinbase Ventures: The investment arm of Coinbase, one of the largest cryptocurrency exchanges, has also supported the development of Internet Computer, seeing the potential for decentralized applications and services on the network.
These companies and others have been crucial in funding the research, development, and expansion of the Internet Computer network, helping to position it as a major player in the blockchain and decentralized computing space.
2) Mantle :
Mantle is a decentralized blockchain project focused on scalability and providing an efficient layer-2 solution. The platform aims to provide a highly optimized and modular blockchain ecosystem for decentralized applications (dApps) and decentralized finance (DeFi) services. It is built on Ethereum, leveraging technologies to improve scalability, transaction speed, and cost-effectiveness.
Key Details about Mantle (Crypto):
- Creation: Mantle is developed by Mantle Labs, a team focused on developing decentralized infrastructure with an emphasis on high-performance blockchains.
- Architecture: Mantle uses a modular design that decouples various components of the blockchain, making it more adaptable and scalable. This allows for features like parallel execution of transactions and customizable configurations.
- Layer-2 Solution: Mantle operates as a Layer-2 scaling solution on Ethereum, improving transaction throughput and reducing fees compared to Ethereum’s base layer.
- Main Features:
- Scalability: Mantle focuses on improving scalability with innovations like sharding, which enables the blockchain to process more transactions per second (TPS).
- Optimized Consensus: Mantle uses a high-performance consensus model to ensure speed, security, and decentralization.
- Interoperability: It aims to be highly interoperable with other blockchains, especially Ethereum, enabling assets and data to flow seamlessly across different networks.
Key Backers and Support:
Mantle has attracted the attention of prominent players in the blockchain space, although specific names of investors or backers have been less publicly discussed compared to other more prominent projects.
Mantle is part of the growing trend of blockchain projects focused on improving scalability and performance while ensuring decentralization and security, particularly for the rapidly growing DeFi and NFT ecosystems.
Vision:
Mantle’s long-term goal is to create a blockchain that can support decentralized applications and services with a focus on high throughput and lower transaction costs, making it suitable for a wide range of use cases.
How Mantle Crypto can be a good Investment ?
There are companies and institutions supporting Mantle Crypto which makes it a good investment.
Mantle has gained support from several key companies and investors in the blockchain and cryptocurrency space. The project’s development is primarily supported by BitDAO, a decentralized autonomous organization (DAO), which is one of the largest and most active DAOs in the blockchain space.
Key Supporters and Backers of Mantle:
- BitDAO: Mantle is closely associated with BitDAO, which is a significant backer of the project. BitDAO is one of the largest decentralized autonomous organizations in the blockchain world and is focused on funding and supporting decentralized projects. The DAO’s support provides Mantle with substantial backing for development and ecosystem growth.
- Bybit: Bybit, a leading cryptocurrency exchange, is another prominent backer of Mantle. Bybit has provided substantial support through its BitDAO connection and has shown interest in the long-term scalability of decentralized projects.
- Pantera Capital: As one of the major investment firms in the cryptocurrency and blockchain space, Pantera Capital has shown interest in Mantle, helping to fund its development through investments.
- Dragonfly Capital: Another venture capital firm that has shown support for the project by backing its development and growth. Dragonfly Capital has a history of investing in decentralized technology projects.
- Polychain Capital: A well-known cryptocurrency investment firm, Polychain Capital has also supported Mantle through its investments in blockchain projects.
- HashKey Capital: HashKey Capital, an investment firm focusing on digital assets, is one of the key players backing Mantle as it strives to create a high-performance blockchain.
These companies, along with other investors and collaborators, have helped Mantle to secure funding and visibility in the blockchain space. The backing from large decentralized organizations like BitDAO gives Mantle a strong foundation for its future development, particularly in the area of scaling decentralized applications (dApps) and decentralized finance (DeFi).
Final Thoughts :
Here’s a comparison table for Mantle, Internet Computer, Ethereum, Bitcoin, Bitcoin Cash, and Tether:
Feature | Mantle | Internet Computer | Ethereum | Bitcoin | Bitcoin Cash | Tether |
---|---|---|---|---|---|---|
Type | Layer 2 blockchain | Smart contract platform | Smart contract platform | Digital currency | Digital currency | Stablecoin (pegged to USD) |
Primary Purpose | Scaling Ethereum | Decentralized web & smart contracts | Decentralized applications (dApps) | Store of value, peer-to-peer payments | Peer-to-peer payments | Stable store of value (USD peg) |
Consensus Mechanism | Proof of Stake (PoS) | Internet Computer Protocol (ICP) | Proof of Stake (PoS) / Proof of Work (PoW) | Proof of Work (PoW) | Proof of Work (PoW) | N/A (backed 1:1 by USD reserves) |
Transaction Speed | High throughput, fast finality | High scalability and low latency | Variable (depends on network load) | Slow (10 minutes per block) | Faster than Bitcoin (8 minutes) | Instant settlement |
Scalability | High (designed for scalability) | Very high (can scale decentralized web) | Moderate (depends on Ethereum 2.0 upgrade) | Low (limited block size) | Moderate (increased block size) | N/A |
Supply | Dynamic supply | Dynamic supply | 120 million ETH (max supply uncertain) | 21 million BTC (max supply) | 21 million BCH (max supply) | Pegged 1:1 with USD (max supply dynamic) |
Transaction Fees | Low | Low to moderate | High (gas fees) | Low (but can vary) | Low (but can vary) | None (but network transaction fees) |
Support/Backing | Ethereum ecosystem | DFINITY Foundation | Ethereum Foundation | Bitcoin network (decentralized) | Bitcoin network (decentralized) | Backed by USDT reserves |
Use Case | DeFi, dApps, NFTs | Web3, decentralized services | DeFi, NFTs, dApps | Store of value, transactions | Peer-to-peer payments, microtransactions | Stable value, trading pairs |
Security | High (based on Ethereum) | High (based on DFINITY’s protocol) | High (with Ethereum network security) | High (with Bitcoin network security) | Moderate (based on BCH network security) | Dependent on Tether’s reserve audits |
Internet Computer & Mantle Ratings out of 5 :
Internet Computer (ICP):
Rating: 4/5
- Strengths: Offers a decentralized computing platform, scalability, and the ability to run applications at web speed. Backed by the DFINITY Foundation with significant backing and a unique proposition in the blockchain space.
- Weaknesses: Adoption has been slower than expected, and its complexity can be a barrier to entry.
Mantle (MNT):
Rating: 3.5/5
- Strengths: Mantle focuses on scalability, low transaction costs, and decentralization, which are attractive features. It’s part of the growing layer-2 ecosystem, which has significant potential for blockchain scalability.
- Weaknesses: Still in its early stages with less mainstream adoption compared to other solutions, and it needs to prove its long-term sustainability.
Happy Investing