Description
Meter is a high-performance, frontrunning, and censorship-resistant blockchain infrastructure that allows smart contracts to scale and travel seamlessly through heterogeneous blockchain networks. It features a unique hybrid consensus protocol that separates currency creation from record keeping. Meter's system uses a Proof-of-Work (PoW) mechanism to create the MTR token, a fully-decentralized, low-volatility 'flatcoin' pegged to 10kWh of electricity, used for paying transaction fees. Record-keeping is managed by a Proof-of-Stake (PoS) based consensus with the MTRG governance token. This architecture allows Meter to function as a highly-decentralized, high-performance sidechain for Ethereum and other public chains, offering instant finality, support for thousands of transactions per second at low cost, and protection for financial freedom. The Meter ecosystem includes a wide range of applications and services, such as centralized exchanges (Kucoin, Gate.io), bridges (Meter Passport, LayerZero), DeFi platforms (Voltswap, iZUMi), crypto wallets (MetaMask, Ledger), NFT marketplaces, P2E games, and other developer tools, with over 100 dApps built on the platform.