Exploring MANTRA: A Security First RWA Layer 1 Blockchain Built on Cosmos SDK
Title: MANTRA Blockchain: A Security-First RWA Layer 1 Blockchain with Impressive Features
In the world of blockchain technology, MANTRA stands out as a Security First RWA Layer 1 Blockchain that prioritizes adherence to real-world regulatory requirements. Built on top of the Cosmos SDK, MANTRA is part of the Cosmos network, which aims to be the ‘internet of blockchains’, connecting independent blockchains.
The Cosmos SDK is an open-source framework designed for building multi-asset public Proof-of-Stake (PoS) blockchains like the Cosmos Hub, as well as permission Proof-of-Authority (PoA) blockchains. The Inter-Blockchain Communication (IBC) Protocol and Cosmos Hub enable the seamless transfer of assets between different blockchains within the Cosmos ecosystem, operating on the IBC protocol for interoperability.
MANTRA Compliance offers a set of tools and services to assist Web3 platforms in complying with regulatory requirements related to cryptocurrency transactions and financial activities. This includes KYC and KYB protocols, AML/sanctions screening, and transaction monitoring. Additionally, MANTRA Token Service (MTS) provides businesses with a flexible SDK to create digital assets compliant with various regulatory frameworks.
The consensus mechanism of the MANTRA chain utilizes the Tendermint algorithm, an asynchronous BFT consensus protocol. Validators play a crucial role in the consensus protocol by casting votes with cryptographic signatures from their private keys, based on the total number of tokens delegated to them.
Key features of MANTRA include a high transaction throughput of 10,000 transactions per second and a fast block time of 6 seconds. The OMUSD token associated with MANTRA has experienced significant growth, surging over 100% in the past three weeks. Currently trading around $1.2543, the bullish scenario remains intact unless the price closes below $0.60, with near-term support at $1.20 and potential targets at $1/$0.78 and $0.44.
On the upside, immediate resistance is at $1.430, with a breach signaling bullish continuation towards $1.75/$2 and potentially $3. Traders are advised to consider buying on dips around $1 with a stop loss at $0.59 for a target price of $2.
In conclusion, MANTRA Blockchain offers a secure and compliant platform within the Cosmos ecosystem, with impressive features and potential for growth in the cryptocurrency market.
By TokenPost | [email protected]
