Meter Description

Meter serves as a highly efficient infrastructure designed to enable smart contracts to scale and navigate effortlessly across diverse blockchain networks. Functioning as both a Layer 1 and Layer 2 blockchain protocol, Meter is built around two primary tokens: MTRG, which acts as the governance token (with eMTRG representing its ERC20 version), and MTR, designed to be a stable currency token.

To facilitate the unrestricted movement of financial assets between blockchains, Meter employs a HotStuff-based consensus mechanism that supports thousands of validator nodes, positioning it as the most decentralized Layer 2 solution for Ethereum. With the capacity to process thousands of transactions every second, transactions on Meter are confirmed in nearly real time. Additionally, Meter Passport enables assets and smart contracts to traverse and interact across various blockchains, optimizing for price, liquidity, and yield. Meter stands out as an Ethereum-compatible platform enhanced with distinctive features. In contrast to other Layer 2 solutions, decentralized exchanges (DEXes) built on Meter are resistant to front running and miner extractable value (MEV) issues, ensuring they are both swift and censorship-resistant. This combination of capabilities makes Meter a formidable player in the blockchain ecosystem.

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Pricing

Free Version:
Yes

Integrations

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Reviews - 1 Verified Review

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Company Details

Company:
Decentralized Finance Labs
Year Founded:
2018
Headquarters:
United States
Website:
www.meter.io

Media

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Product Details

Platforms
Web-Based
Types of Training
Training Docs

Meter Features and Options

Meter User Reviews

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  • Name: Anonymous (Verified)
    Job Title: COO
    Length of product use: 6-12 Months
    Used How Often?: Daily
    Role: User
    Organization Size: 26 - 99
    Features
    Design
    Ease
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    Likelihood to Recommend to Others
    1 2 3 4 5 6 7 8 9 10

    Meter is the future

    Edited: Nov 18 2021

    Summary: Meter is an amazing layer 1 and layer 2 solution for Ethereum. It is like Polygon/Matic but better. It also has a proof of work element to it that makes it much more secure. I think Meter is the future of layer 2 on Ethereum.

    Positive: Meter is lightning fast, and solves all of Ethereum's scaling problems. They have a very unique whitepaper in that they have their own native stablecoin (MTR) that is pegged to the price of 10kWh of energy, rather than to a fiat dollar amount. They also offer MTRG, which is the governance token (or eMTRG if you want to buy the ERC-20 version of the token). The VoltSwap cross-chain DEX built on Meter is fantastic, and the Meter Passport (cross-chain bridge) works extremely well and is constantly onboarding new chains like Moonriver, etc.

    Negative: None so far. Only thing is we need more developers building on Meter ASAP.

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