Last updated 06/11/2022
Official Website: https://meter.io/
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:
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.
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.
Block Explorer: https://scan.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.