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Meter Governance (MTRG)

Last updated 06/11/2022

Official Website: https://meter.io/

What is Meter Governance (MTRG)?

Meter is DeFi infrastructure that includes the metastable, crypto-native money MTR. The blockchain ledger is managed using MTRG (Meter Governance Token) and HotStuff-based PoS consensus. For Ethereum and other public chains, Meter performs as a highly decentralized, high-performance side chain.

Hybrid Layer 1 and Layer 2 platform that features:

  1. Frontrunning and Censorship Resistant Ethereum Scaling - The cutting-edge HotStuff consensus, which can support thousands of transactions per chain and is scaleable to thousands of consensus nodes, is the foundation upon which the Meter SDK is built
  2. Interoperability - An N-way blockchain router called Meter Passport enables the transfer of assets and smart contracts between several blockchain networks
  3. Crypto Native Stability - The built-in metastable gas token for meters is funded by the globally competitive electricity pricing and created by Proof of Work. It seeks to realize Satoshi's initial idea of a reliable unit of account that is not dependent on the monetary system

Meter is extremely secure and fast, processing thousands of transactions per second and reaching finality almost immediately thanks to its hybrid consensus mechanism.

To support DeFi, Meter was designed from the ground up. To take use of Meter's quick, decentralized network, DeFi apps like decentralized exchanges, synthetic asset platforms, loan services, and many others can be created. Additionally, because Meter is EVM compatible and will eventually be able to communicate with Polkadot, Cosmos, and many other public blockchains, it can be used as a side chain to facilitate value exchange across networks.

A novel Proof of Value (PoV) consensus mechanism, a cross between Proof of Work (PoW) and Proof of Stake, is used by the Meter network.

The Meter protocol divides the record-keeping consensus from the economic consensus, in contrast to conventional cryptocurrencies. While the record-keeping consensus prohibits double spending, the economic consensus defines how much new value will be created to the economy. The economic consensus is represented by MTR in the Meter system, whereas the record-keeping consensus is represented by MTRG.

Where to Store Meter Governance (MTRG)

MetaMask, a well-known browser wallet extension popular among DeFi platforms and highly rated by developers, can be an easy-to-use option for securing your $MTRG. Users can connect to the network's liquidity mining pools by connecting their MetaMask wallet.

Meter Governance (MTRG) Resources

Website: https://meter.io/

Block Explorer: https://scan.meter.io/


Twitter: https://twitter.com/Meter_IO

Disclaimer: The information provided in this article is intended for informational purposes only. It is the readers responsibility to complete their own research and due diligence.

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