BitDAO passes key proposal, to merge with Ethereum layer-2 protocol, Mantle

BitDAO passes key proposal, to merge with Ethereum layer-2 protocol, Mantle



EnvA proposed merging BitDAO, the world's largest decentralized autonomous organization, with Mantle, an Ethereum-based layer-2 scaling protocol. The approval, which took place on May 19, paves the way for BitDAO's existing products, ecosystem, and native token, BIT, to undergo rebranding to Mantle (MNT). The majority of the BitDAO community supported this measure, known as the BitDAO improvement proposal (BIP)-21, with the aim of consolidating the broader BitDAO ecosystem under a single brand and token.



The changes outlined in the BIP-21 snapshot shared on Twitter by BitDAO are primarily cosmetic, aimed at reducing confusion, unifying branding, and enhancing the BitDAO ecosystem in preparation for the launch of Mantle's Mainnet. The final results of the BIP-21 vote showed that over 235 million BIT tokens were cast in favor of


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#Altcoin, #Bitcoin, #BitDAO, #Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Mantle, #News, #Regulations

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