The Mango Network is leading a new round of innovation in the DeFi industry with its high-performance, modular unique advantages, and the concept of a full-chain liquidity pool.

Born to be full-chain—Mango Network's transactional full-chain infrastructure

In 2024, the blockchain industry is experiencing a new paradigm shift, with the full-chain narrative becoming the industry theme. Mango Network ($MGO), as the industry's first Layer1 new public chain positioned as a transactional full-chain infrastructure network, is leading a new round of innovation in the DeFi industry with its high-performance, modular unique advantages, and the concept of a full-chain liquidity pool.

—The Mango public chain is about to shine, supporting seamless transfer of tokens, NFTs, data, and information between heterogeneous L1/L2 public chains.

—Mango efficiently facilitates the circulation of encrypted assets and liquidity pools that are fragmented across different public chains.

—Mango's full-chain applications give rise to full-chain liquidity pools, providing new possibilities for Web3, especially DeFi, innovation.

In the past year of 2023, the global blockchain industry has experienced a transition between bull and bear markets, with narratives revolving around Layer 2 networks, the launch of Meta's new public chain mainnet, LayerZero's cross-chain competition, and BRC20's inscription-breaking MEME. With the influx of more users and the enrichment of industry ecosystem use cases, multi-chain users are increasingly demanding seamless interaction across the full chain. On the other hand, the entire industry is increasingly realizing that building full-chain infrastructure is the most direct and effective way to break the blockchain impossible triangle. The full-chain narrative is becoming the industry theme, leading to a new paradigm shift in 2024.

In response to industry pain points, Mango Network ($MGO) has taken the lead in positioning itself as a transactional full-chain infrastructure network, providing users with a one-stop full-chain liquidity service network that offers a more secure, diverse, and convenient full-chain trading experience.

Built on Move, inherently secure

The Move language is a valuable legacy of Facebook's sovereign cryptocurrency project Libra, which addresses the shortcomings of Solidity and EVM. It is a programming language designed specifically for encrypted assets, providing a high-performance, secure, and reliable smart contract programming environment for blockchain applications.

Mango Move is a statically typed programming language with multi-threading capabilities, effectively reducing concurrency situations. The combination of static language and smart contracts provides a secure environment for application development, ensuring that project source code remains unaltered in the event of an attack. Additionally, the Move language treats digital assets as first-class citizens, defining tokens as a distinct resource category (Resource) separate from other data. Mango Move's asset transfer is object-oriented, ensuring the uniqueness and security of assets, adding an extra layer of security to on-chain DeFi projects.

Modular high performance, breaking the impossible triangle

The Mango modular blockchain, built on the Mango Move language, decomposes blockchain functionality into different levels of network architecture, achieving high security, high performance, and low cost, breaking the "impossible triangle" of decentralized networks.

Traditional blockchain systems typically integrate functions such as consensus, settlement, data availability, and execution into a single architecture. As blockchain application complexity and demand increase, a single architecture will be unable to meet the requirements of different scenarios.

Mango's modular blockchain separates these core functions, allowing each functional module to operate independently while maintaining collaboration. This architecture makes the blockchain system more flexible and scalable, allowing for customization and optimization based on different needs.

Through features such as horizontal scalability, composability, and on-chain storage, the Mango public chain can achieve over 10,000 TPS of parallel transaction processing per second and sub-second settlement, supporting a wide range of on-chain assets. It also addresses the common pain points of L1 with unparalleled speed and low-cost characteristics, providing developers and users with an amazing user experience.

Born to be full-chain, pioneering new application paradigms

As an L1 public chain positioned for full-chain applications, Mango's greatest advantage is its ability to serve as an efficient execution and settlement layer, allowing developers to design applications from the perspective of full-chain interoperability. Users can access applications through any L1 and L2 public chain, significantly reducing user operation complexity.

The technical architecture of Mango's full-chain applications consists of Mango main chain contracts and module contracts, with the main logic of the application stored in the Mango main chain, achieving "central control." Remote access modules are then built on other chains to interact with end users, receive user input, and provide the desired results.

For example, DEX developers can deploy dApps on the Mango main chain, allowing users to operate the application from the Mango main chain and any other chain through remote access modules, making it as convenient as accessing local programs. This also means that users only need to prepare one type of token as gas, without needing to know which chain the dApp is actually deployed on, to achieve cross-chain operations.

The biggest advantage of Mango's full-chain application technical architecture is the significant reduction in the complexity of cross-chain integration. When the main logic of the program is processed on the Mango main chain, the application inherits all state records and liquidity from the main chain. Additionally, when other applications integrate this program, they only need to connect on the main chain to use all its functions and liquidity.

Compared to cross-chain protocols like LayerZero, Mango's full-chain applications do not require frequent asset cross-chain operations between different blockchain networks, resulting in lower usage costs, faster confirmations, and higher efficiency. Furthermore, full-chain transactions do not require assets or data to be stored in third-party institutions, resulting in higher asset security.

Full-chain applications achieve seamless integration of heterogeneous public chains, addressing multiple pain points such as user experience and liquidity fragmentation in Web3 applications and DeFi protocols. By building a one-stop liquidity service network through main chain contracts and module contracts, Mango provides users with a unique trading experience.

Full-chain liquidity pools drive DeFi innovation

Mango's full-chain applications make it possible to build full-chain liquidity pools. In the past, DeFi projects needed to build liquidity pools on each public chain separately, reducing fund efficiency and increasing the complexity of user cross-chain operations. With Mango's full-chain applications, it is now possible to build a "one-stop liquidity pool" that supports full-chain assets and enables full-chain operations.

Mango's liquidity service network has the following advantages:

• Unified user experience: Users can access other chain-based DeFi applications through the unified entry point of the Mango public chain.
• Low cost: Through Mango Network, the process of cross-chain asset transfer incurs extremely low transaction fees, and lower gas costs.
• High asset liquidity: Users only need to use 1 type of token as gas to freely transfer assets between different chains.
• Efficient security: Developed based on the Move language, it has inherent security advantages.

Users can transfer on-chain assets to the liquidity pool deployed on the Mango main chain through Mango Network, and then participate in DeFi operations on any chain through module contracts deployed on the target chain. This method reduces the complexity of cross-chain operations, enhances security, reduces user gas consumption, and eliminates transactional wear and tear.

For example, users can cross-chain ETH assets to the liquidity pool on the Mango main chain and interact with Pancake Swap on the BNB chain through Mango's module contract on the target chain. This means that users holding only BTC or ETH assets can also participate in DeFi projects on any chain, significantly increasing the potential scale of liquidity pools and giving rise to innovative DeFi applications such as full-chain liquidity lending, full-chain staking, new flash loans, and new algorithmic stablecoins.

For example, full-chain liquidity lending is based on the single-coin pools of various public chains, with Mango Network serving as the bridge and settlement layer. The single-coin pools of each public chain allow users from any chain to provide liquidity to the protocol. Compared to the Aave protocol, which provides liquidity and borrowing on a single chain and uses third-party cross-chain bridges for cross-chain operations, full-chain liquidity lending based on Mango allows all operations to be carried out on any chain, significantly increasing the capital utilization of the lending protocol.

BeingDex: Innovative full-chain order matching trading platform

BeingDex is a decentralized exchange developed based on Mango Move, supporting full-chain on-chain order matching trading. Its outstanding innovations include wallet-to-wallet matching trading, order book mode, support for candlestick charts, and no need for liquidity pools.

This approach differs significantly from Uniswap V3. Order book trading can provide greater trading depth, leading to higher price transparency, as users can see all open orders, making it easier for users to find the best trading prices. Additionally, Mango Move language uses static calls, and the execution order is immutable, effectively resisting MEV attacks and helping users further reduce trading slippage.

BeingDex supports full-chain on-chain assets, including tokens, NFTs, and inscriptions, serving as a liquidity gateway to bring full-chain liquidity into various Web3 applications. The BeingDex team is continuously expanding its service boundaries, providing users with one-stop asset management services through critical Web3 infrastructure such as Crypto Wallet, DeFi, yield farming pools, POS staking pools, IDO, NFT trading platforms, decentralized social applications, and DAO.

Overall, full-chain trading is an inevitable trend in the development of Web3 applications. Full-chain trading can increase asset liquidity, improve capital efficiency, reduce transaction costs, expand application scenarios, and provide users with more convenient, efficient, and diverse services.

The emergence of Mango Network brings new opportunities to the blockchain industry and is expected to become a leader in full-chain interoperability, preparing for a paradigm shift as a transactional full-chain infrastructure in the Web3 field.

Key Points of the Mango Network Whitepaper Interpretation

A. Positioning: Transactional Full-Chain Infrastructure

Keywords: L1 new public chain, DeFi, full-chain applications, Move language, modularization

B. Technical Highlights

1. Supports full-chain applications—users only need to prepare 1 type of token as gas to interact and operate on heterogeneous blockchains.
2. High performance—up to 297.45K+ TPS, sub-second settlement, low gas fees, excellent user experience.
3. High security—based on the Move language, static language combined with smart contracts, project code cannot be tampered with, effectively resisting attacks.
4. Modularization—decomposes blockchain functionality into multiple independent modules, each focusing on specific functions, such as consensus, execution, data availability, etc., customizable to meet different application scenarios' needs; modular blockchains have good scalability, can be expanded by adding or removing modules to meet growing demands; modularization can also improve security by decomposing different functions into different modules.

C. Implementation of Mango Full-Chain Applications

Mango's full-chain applications adopt a design architecture of main chain contracts and module contracts. The main business logic is deployed on the Mango main chain, achieving "overall coordination." On other public chains, interaction with end users, such as input and output of results, is achieved through the deployment of remote access modules.

The specific operation process is as follows: users input through a remote module on a new chain, and the module transfers the input information across chains to the Mango main chain. After processing on the main chain, the output result is returned to the corresponding remote module on the new chain. In this way, users experience a localized interaction. Additionally, to meet scaling needs, certain functional modules within the main chain can also be deployed on other public chains, collectively forming a virtual main chain system.

Overall, this architectural design achieves the goal of full-chain interconnection of cross-chain applications through the abstraction decoupling between the main chain and module contracts. Users can use full-chain services distributed across multiple chains through a simple interaction interface, providing a more convenient and unified experience.

D. Technical Advantages of Full-Chain Applications

Provides settlement and execution layers between heterogeneous public chains. Previously, users needed to use cross-chain bridges like LayerZero to transfer assets between heterogeneous chains and had to prepare corresponding tokens as gas on different chains. Now, users only need to migrate assets to the Mango main chain through Mango's own cross-chain bridge and can interact and operate on any target chain through module contracts. Compared to cross-chain bridges, full-chain applications have significant advantages:

1. Easy to expand—The main logic of the program is processed on the Mango main chain, and the application has a unified state record. After deploying contracts on a new chain, users can inherit all state records and liquidity from the main chain, without reinventing the wheel.
2. Better user experience—Users do not need to worry about which chain the program is deployed on and can access the application from the main chain of any chain, just like accessing a local program; they also do not need to frequently use cross-chain bridges; they only need 1 type of token as gas to operate and interact on any chain.
3. Easy cross-chain integration—When integrating this program, other applications only need to connect on the main chain to use all its functions and liquidity.

E. Composition of Mango Public Chain Infrastructure Protocol

1. ZK zero-knowledge proof—enables anonymous transactions, privacy protection, and cross-chain interaction authentication.
2. Distributed storage—uses IPFS to store data, ensuring data redundancy, reliability, and scalability.
3. MgoDNS domain service—distributed domain name solution based on cross-chain protocol, providing domain names and domain data analysis services for decentralized networks. MgoDNS is decentralized, with blockchain as the underlying layer and traditional internet as the upper layer. MgoDNS can also connect various types of public and consortium chains, collectively forming a super hub connecting various blockchains.
4. Mango client—maintains a consistent replica of the system's valid state, used for auditing and building transactions or operational services.

F. Roadmap and Schedule

Mango Network will launch its testnet in the second quarter.

The applications within its ecosystem, such as Being Wallet and BeingDex (an order book-style full-chain order matching trading platform), have been deployed on the development network.

About Mango Network

Mango Network is a Layer1 public chain based on the Move language, aiming to become a transactional full-chain infrastructure network. It achieves full-chain applications through modularization and builds a one-stop liquidity service network, providing users with a more secure, trustworthy, diverse, convenient, and autonomous trading experience. MGO is its native token.

Mango Network is developed by MangoNet Labs, a technology company focused on Web3 infrastructure, with a vision to help 1 billion users smoothly apply Web3.

• Mango Network official
• Website: https://mangonet.io
• Twitter: https://twitter.com/MangoOS_Network
• Email: BD@mangonet.io
• Mango Network Development
• Blockchain Browser: https://mgoscan.com/
• GitHub open source: https://github.com/MangoNetworkOs/Mango
• Developer Documentation: https://docs.mangonet.io/
• Swap interactive application: https://swap.devnet.mangonetwork.io/swap
• Github: https://github.com/MangoNetworkOs

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