Meter

Stables
L2s
Other Categories
+1
- L1s

Copy link
Share on X

Claim company
Report company

Description

Meter represents an innovative approach to enhancing the decentralized finance (DeFi) landscape through its scalable, high-performance infrastructure and decentralized Ethereum scaling solution. Designed as a low-volatility currency, Meter employs a hybrid consensus integrating Proof of Work and HotStuff mechanisms to facilitate rapid transaction processing and consistent currency issuance. With its focus on scalability and interoperability, Meter supports cross-chain transactions and DeFi applications like cross-chain stablecoins and decentralized exchanges. Introduced in 2018, Meter Stable (MTR) and Meter Governance (MTRG) facilitate mining, transaction validation, and network governance. Notably, MTRG supports Ethereum scaling via HotStuff Style Proof of Stake. As a robust layer-two protocol, Meter bridges Ethereum with other blockchains, mitigating counterparty, regulatory, and oracle risks. Its advanced decentralized ecosystem, demonstrated by wrapped tokens like eMTRG, underlines Meter’s role as a pivotal entity in blockchain scalability solutions.

Socials

Similar companies

mStable

mStable is a DeFi platform focusing on meta-stablecoins, offering services like minting, saving, and swapping stablecoins. Its key feature is mUSD, backed by a basket of stablecoins. Governed by MTA token holders, it aims to improve stablecoin market ...

MetricExchange

MetricExchange is a decentralized trading platform for Ethereum tokens, offering permissionless, efficient, and zero slippage trading by aggregating DEX liquidity.

Minterest

Minterest is a DeFi protocol on blockchain offering lending/borrowing with a focus on fair value distribution, featuring a self-replenishing liquidity pool and buyback mechanism for sustainable finance.

Voltswap (Meter)

Voltswap is a decentralized exchange on the Meter blockchain, offering fast, low-fee token swaps, liquidity pools, yield farming, and staking, designed to enhance crypto earnings and democratize access to decentralized financial services.

Metronome

Metronome (MET) is the first cross-blockchain cryptocurrency ensuring self-governance, reliability, and portability. Its core is autonomous contracts and daily auctions for a predictable supply, with chainhopping for seamless asset transfer and an AMM...

Meridian MST

Meridian MST, leveraging its decentralized native stablecoin, offers secure financial services for smaller chains through diversified products like Meridian Trade and Lend.

Coinmetro

Coinmetro is a comprehensive crypto platform offering exchange, margin trading, fiat on-ramp, and digital wallet services, with a focus on compliance, security, and accessibility for all users.

Metadium

Metadium is a next-gen blockchain for decentralized identity, empowering users with self-sovereign control over personal data in web3 environments.

MstarSwap

MstarSwap is a DeFi platform offering crypto swapping, yield farming, and staking via smart contracts for secured, decentralized financial activities.

Moneta

Moneta Holdings integrates blockchain with traditional finance, offering digital asset issuance, management, and trading in a secure ecosystem. It focuses on asset tokenization, DeFi, and enhancing financial system interoperability.

MetFi

MetFi is a DeFi platform offering high-return staking pools and yield farming, utilizing Web3 technologies for trustless transactions and decentralization. Visit https://app.metfi.io for more details.

Moonlit Finance

Moonlit Finance: A DeFi trading platform offering user-friendly tools for trading, portfolio management, and analytics across various blockchains, catering to both new and seasoned traders.

FAQ

What is the purpose of the Meter project?

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.

How does Meter ensure scalability and security for transactions?

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.

What benefits does Meter offer compared to other Ethereum scaling solutions?

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.

How does Meter support interoperability in the DeFi ecosystem?

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.

What role does Meter Governance (MTRG) play within the Meter ecosystem?

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.

What solutions does Meter provide for common crypto issues like counterparty risk?

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.

FAQ

Company is unclaimed. Do you work for or own this company?

Description

Socials

Tags