Meter

About Meter

Meter is a DeFi infrastructure with a Built-in PoW based stablecoin. It strives to solve the following problems in decentralized finance: 1. Lack of a crypto-native stablecoin without counterparty, oracle and regulatory risks. 2. Slow performance and long confirmation times. 3. Most current DeFi apps are built on Ethereum, which makes it difficult for non-Ethereum assets to develop DeFi applications. Meter employs a unique hybrid consensus protocol that separates currency creation from record keeping. Meter leverages PoW to create a fully-decentralized, low-volatility cryptocurrency that eliminates counterparty, regulatory, and oracle risks typically found with fiat- and crypto-collateralized stablecoins. PoS is used to manage the ledger; validators who hold Meter’s governance token, MTRG, approve transactions. This hybrid system can process thousands of transactions per second, allowing transactions to reach finality in seconds. Meter also functions as a Layer 2 sidechain for other public blockchains to allow value interaction among different crypto assets.