Meter is a high-performance infrastructure for the decentralized finance (DeFi) ecosystem, featuring a low-volatility cryptocurrency and an elastic supply managed autonomously. Combining Proof of Work (PoW) for currency issuance with HotStuff consensus for transactions, Meter achieves thousands of transactions per second with 1-second finality. It acts as an Ethereum scaling solution and cross-chain bridge, supporting scalable dApps like cross-chain stablecoins and decentralized exchanges. Meter advances blockchain through scalability and interoperability, focusing on connected DeFi environments. Launched in 2018 by Meter.io, Meter Stable (MTR) serves as the network's gas token, created via PoW with a supply of 391,721, while Meter Governance (MTRG) validates transactions through a HotStuff Style Proof of Stake consensus, with over 31 million circulating. MTRG facilitates governance and staking, with interoperability through tools like wrapped eMTRG for Ethereum.
Meter is a high-performance infrastructure for the decentralized finance (DeFi) ecosystem, featuring a low-volatility cryptocurrency and an elastic supply managed autonomously. Combining Proof of Work (PoW) for currency issuance with HotStuff consensus for transactions, Meter achieves thousands of transactions per second with 1-second finality. It acts as an Ethereum scaling solution and cross-chain bridge, supporting scalable dApps like cross-chain stablecoins and decentralized exchanges. Meter advances blockchain through scalability and interoperability, focusing on connected DeFi environments. Launched in 2018 by Meter.io, Meter Stable (MTR) serves as the network's gas token, created via PoW with a supply of 391,721, while Meter Governance (MTRG) validates transactions through a HotStuff Style Proof of Stake consensus, with over 31 million circulating. MTRG facilitates governance and staking, with interoperability through tools like wrapped eMTRG for Ethereum.
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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