MANTRA: A Security First RWA Layer 1 Blockchain

MANTRA is a Security First RWA Layer 1 Blockchain, capable of adherence to real-world regulatory requirements.

MANTRA is a Layer 1 blockchain that prioritizes security and aims to adhere to real-world regulatory requirements. It's built on the Cosmos SDK, which enables the creation of multi-asset Proof-of-Stake (PoS) blockchains. Cosmos intends to be the ‘internet of blockchains,’ connecting independent blockchains.

The Cosmos SDK is an open-source framework for building various blockchains, including multi-asset public PoS chains like the Cosmos Hub and permissioned PoA chains.

The Inter-Blockchain Communication (IBC) Protocol and Cosmos Hub facilitate asset transfer between different blockchains within the Cosmos ecosystem. The interoperability layer operates on the IBC protocol.

MANTRA Compliance offers tools and services to help Web3 platforms comply with cryptocurrency transaction regulations. It includes KYC and KYB protocols, AML/sanctions screening, and transaction monitoring.

MANTRA Token Service (MTS) is an SDK that enables businesses to create digital assets compliant with fiat currencies, securities, commodities, or other financial instruments.

The mantra chain employs the Tendermint consensus algorithm, an asynchronous BFT consensus protocol, for building the first zone on the cosmos hub.

Validators participate in the consensus protocol by casting votes, which include cryptographic signatures from their private keys. They're chosen based on the total number of tokens delegated to them.

Key Features:

Transactions per second: 10000

Block time: 6 seconds

OMUSD has risen over 100% in the last three weeks, reaching a high of $1.3849 and currently trading around $1.2543.

The bullish invalidation can occur if the pair closes below $0.60. On the lower side, the near-term support is $1.20. Any break below targets $1/$0.78. Any breach below $0.60 targets $0.44.

The immediate resistance stands at around $1.430. Any breach above confirms bullish continuation. A jump to $1.75/$2 is possible. A surge past $2 will take it to $3.

It is good to buy on dips around $1 with SL around $0.59 for TP of $2.

The above is the detailed content of MANTRA: A Security First RWA Layer 1 Blockchain. For more information, please follow other related articles on the PHP Chinese website!