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Meter is a high-performance infrastructure for the stable, decentralized finance ecosystem. It features a low-volatility cryptocurrency with an elastic supply, managed by an autonomous algorithm, employing a hybrid consensus mechanism of PoW and HotStuff for efficient currency issuance and fast transactions (1-second finality). Meter serves as both an Ethereum scaling solution and bridge, ensuring interoperability across blockchains to support scalable dApps, including cross-chain stablecoins and decentralized exchanges. The network introduces Meter Stable (MTR) as its native gas token, initially launched in 2018, and Meter Governance (MTRG) for governance operations, with various staking options like eMTRG and stMTRG. Meter, with its focus on scalability and interoperability, eliminates counterparty, regulatory, and oracle risks, presenting itself as a robust stablecoin alternative within the blockchain ecosystem, fostering a connected, secure, and efficient DeFi environment.
Meter is a high-performance infrastructure for the stable, decentralized finance ecosystem. It features a low-volatility cryptocurrency with an elastic supply, managed by an autonomous algorithm, employing a hybrid consensus mechanism of PoW and HotStuff for efficient currency issuance and fast transactions (1-second finality). Meter serves as both an Ethereum scaling solution and bridge, ensuring interoperability across blockchains to support scalable dApps, including cross-chain stablecoins and decentralized exchanges. The network introduces Meter Stable (MTR) as its native gas token, initially launched in 2018, and Meter Governance (MTRG) for governance operations, with various staking options like eMTRG and stMTRG. Meter, with its focus on scalability and interoperability, eliminates counterparty, regulatory, and oracle risks, presenting itself as a robust stablecoin alternative within the blockchain ecosystem, fostering a connected, secure, and efficient DeFi environment.
The Meter project is designed to serve as high-performance infrastructure for the stable and decentralized finance (DeFi) ecosystem. It focuses on offering a low-volatility cryptocurrency with an elastic supply, managed by an autonomous algorithm. Meter aims to solve scalability and interoperability in blockchain and DeFi spaces, enhancing the performance and connectivity of decentralized applications and financial services.
Meter employs a hybrid consensus mechanism that combines Proof of Work (PoW) for currency issuance with HotStuff consensus for transactions. This allows Meter to achieve thousands of transactions per second (TPS) with a quick 1-second finality. The use of this efficient consensus model enables Meter to provide maximum security and scalability for its users.
Meter stands out with its unique combination of being a highly decentralized Ethereum scaling solution and a bridge for cross-chain asset transfer. Its hybrid consensus mechanism and seamless interoperability enable high transaction throughput and low latency, making it more efficient for developers building scalable dApps compared to some traditional Ethereum scaling solutions.
Meter enhances interoperability by acting as a bridge that facilitates seamless asset transfers across different blockchain networks. This function supports the development of interoperable dApps, including cross-chain stablecoins and exchanges, enabling a connected and efficient DeFi environment that transcends individual blockchains.
Meter Governance (MTRG) is crucial for transaction validation using HotStuff Style Proof of Stake consensus and in network governance. It ensures a decentralized decision-making process while facilitating the secure and efficient operation of the Meter network as an Ethereum sidechain. MTRG is integral in maintaining the network's functionality and development.
Meter aims to minimize risks commonly associated with crypto transactions, such as counterparty, regulatory, and oracle issues, through its decentralized infrastructure and rapid transaction finality. By utilizing a stable, elastic supply cryptocurrency and hybrid consensus mechanisms, Meter provides a secure platform that tackles these issues, ensuring reliable and transparent financial operations.
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