Meter Introduction
Meter.io is a decentralized finance (DeFi) platform focused on creating an independent, stable, and scalable financial ecosystem separate from fiat currency. Founded in 2018 by Xiaohan Zhu, David Shao, and Young Yu, the platform combines the security of Proof of Work (PoW) with the scalability of Proof of Stake (PoS) and utilizes the HotStuff consensus protocol to achieve high transaction throughput.
Overview and Mission of Meter
Meter.io positions itself as an advanced decentralized finance (DeFi) infrastructure, providing a high-performance, Ethereum-compatible blockchain aimed at addressing the limitations of the current blockchain architecture. The platform is built on the principles of freedom and fairness, and is committed to providing a stable, decentralized financial ecosystem. Meter.io aims to achieve the original intention of Bitcoin by creating a stable currency system independent of legal tender framework.
Establishment and Development
Meter.io was founded by Xiaohan Zhu, David Shao, and Young Yu in 2018, and developed a unique ecosystem that combines the robustness of Proof of Work (PoW) with the governance and scalability of Proof of Stake (PoS), using the HotStuff consensus mechanism. This hybrid approach enables the platform to process thousands of transactions per second with almost instantaneous determinism, ensuring speed and security for users.
Mission-driven technology
Meter.io's core mission is to overcome key challenges in the DeFi field, including the volatility of native cryptocurrencies and interoperability issues between existing blockchain networks. By using the native stablecoin (MTR) and governance token (MTRG), Meter.io supports a wide range of DeFi applications and services, driving a scalable and interconnected blockchain ecosystem.
Strategic Goals
Meter.io's strategic focus includes:
- Realize the vision of Bitcoin by establishing a stable currency system independent of the traditional financial system.
- Improve the performance and compatibility of blockchain, and solve the bottlenecks in scalability and interoperability.
- Expand its ecosystem, covering a wide range of DeFi applications, promoting a decentralized and fair economic system accessible to everyone.
Historical Background and Evolution
Meter.io was founded in 2018 by Xiaohan Zhu, David Shao, and Young Yu, with the vision of innovating the stablecoin ecosystem, which is vulnerable to economic fluctuations and security vulnerabilities. Their mission is deeply rooted in the vision of a decentralized financial system envisioned by the founder of Bitcoin. The founders aim to overcome inherent limitations in fiat currencies and traditional blockchain implementations, such as scalability issues and centralization.
Development and Innovation
From the beginning, Meter.io has stood out with a unique hybrid consensus model called 'proof-of-value' that effectively combines the security of proof-of-work (PoW) with the scalability and efficiency of proof-of-stake (PoS). This approach aims to address key challenges in the blockchain field, including scalability, transaction speed, and interoperability between different blockchain networks.
Technological progress
The development of Meter.io is characterized by the creation of a more robust and versatile blockchain infrastructure. This includes the implementation of the HotStuff consensus protocol, which enables transactions to be quickly confirmed and enhances the network's resistance to various security threats. The platform supports high transaction throughput while maintaining a decentralized and censorship-resistant environment, making it stand out in the crowded blockchain field.
Contributions to DeFi
Since the launch of the testnet in 2019, Meter.io has been actively contributing to the DeFi field, providing a stable and scalable platform for the development of decentralized applications (dApps). This includes creating a native stablecoin pegged to the cost of electricity, further stabilizing its economic model, and providing a reliable accounting unit for DeFi transactions.
Looking to the future, Meter.io will continue to focus on expanding its ecosystem, with plans to enhance interoperability with other major blockchain networks. This may include deeper integration and partnerships within the DeFi space, further reducing barriers to entry for decentralized financial applications and services.
The main mission of Meter: to create a stable decentralized currency system
Meter.io aims to correct the volatility and centralization issues prevalent in existing cryptocurrencies and financial systems by establishing a native stablecoin called MTR. This digital currency is designed to provide a stable accounting unit required for DeFi applications, freeing itself from the constraints of centralized financial systems. The platform's design incorporates a unique hybrid consensus mechanism of Proof of Work (PoW) and Proof of Stake (PoS) protocols, enabling it to achieve high transaction throughput and instant finality while maintaining decentralization.
Economic design and stability mechanism
Meter.io's economic design revolves around Meter Stable (MTR), which is tied to the cost of producing 10 kilowatt hours of electricity. This tethering method aims to link the value of cryptocurrency to stable real-world indicators, thereby minimizing the volatility of digital currency. In addition, the supply of MTR is dynamically adjusted through mining activities and an internal auction system for Meter governance tokens (MTRG), ensuring that the currency can adapt to changes in demand without causing inflationary or deflationary pressures.
Decentralization and Accessibility
One key aspect of Meter.io's mission is to enhance the accessibility of financial services. By leveraging blockchain technology, Meter.io has created a decentralized network where financial transactions and services such as loans, savings, and payments can be managed by a peer-to-peer community, rather than through central financial institutions. This approach not only enhances security and trust between users but also provides financial services to those globally who are not served by traditional banking systems.
Long-term Vision and Impact
Meter.io envisions a world of stable, efficient, fair, and open financial systems for everyone. By building a powerful DeFi platform that can interoperate with other blockchain systems, Meter.io aims to become the foundational layer of a new economic paradigm, capable of operating globally without relying on traditional financial intermediaries.
Meter Introduction
Meter.io is a decentralized finance (DeFi) platform focused on creating an independent, stable, and scalable financial ecosystem separate from fiat currency. Founded in 2018 by Xiaohan Zhu, David Shao, and Young Yu, the platform combines the security of Proof of Work (PoW) with the scalability of Proof of Stake (PoS) and utilizes the HotStuff consensus protocol to achieve high transaction throughput.
Overview and Mission of Meter
Meter.io positions itself as an advanced decentralized finance (DeFi) infrastructure, providing a high-performance, Ethereum-compatible blockchain aimed at addressing the limitations of the current blockchain architecture. The platform is built on the principles of freedom and fairness, and is committed to providing a stable, decentralized financial ecosystem. Meter.io aims to achieve the original intention of Bitcoin by creating a stable currency system independent of legal tender framework.
Establishment and Development
Meter.io was founded by Xiaohan Zhu, David Shao, and Young Yu in 2018, and developed a unique ecosystem that combines the robustness of Proof of Work (PoW) with the governance and scalability of Proof of Stake (PoS), using the HotStuff consensus mechanism. This hybrid approach enables the platform to process thousands of transactions per second with almost instantaneous determinism, ensuring speed and security for users.
Mission-driven technology
Meter.io's core mission is to overcome key challenges in the DeFi field, including the volatility of native cryptocurrencies and interoperability issues between existing blockchain networks. By using the native stablecoin (MTR) and governance token (MTRG), Meter.io supports a wide range of DeFi applications and services, driving a scalable and interconnected blockchain ecosystem.
Strategic Goals
Meter.io's strategic focus includes:
- Realize the vision of Bitcoin by establishing a stable currency system independent of the traditional financial system.
- Improve the performance and compatibility of blockchain, and solve the bottlenecks in scalability and interoperability.
- Expand its ecosystem, covering a wide range of DeFi applications, promoting a decentralized and fair economic system accessible to everyone.
Historical Background and Evolution
Meter.io was founded in 2018 by Xiaohan Zhu, David Shao, and Young Yu, with the vision of innovating the stablecoin ecosystem, which is vulnerable to economic fluctuations and security vulnerabilities. Their mission is deeply rooted in the vision of a decentralized financial system envisioned by the founder of Bitcoin. The founders aim to overcome inherent limitations in fiat currencies and traditional blockchain implementations, such as scalability issues and centralization.
Development and Innovation
From the beginning, Meter.io has stood out with a unique hybrid consensus model called 'proof-of-value' that effectively combines the security of proof-of-work (PoW) with the scalability and efficiency of proof-of-stake (PoS). This approach aims to address key challenges in the blockchain field, including scalability, transaction speed, and interoperability between different blockchain networks.
Technological progress
The development of Meter.io is characterized by the creation of a more robust and versatile blockchain infrastructure. This includes the implementation of the HotStuff consensus protocol, which enables transactions to be quickly confirmed and enhances the network's resistance to various security threats. The platform supports high transaction throughput while maintaining a decentralized and censorship-resistant environment, making it stand out in the crowded blockchain field.
Contributions to DeFi
Since the launch of the testnet in 2019, Meter.io has been actively contributing to the DeFi field, providing a stable and scalable platform for the development of decentralized applications (dApps). This includes creating a native stablecoin pegged to the cost of electricity, further stabilizing its economic model, and providing a reliable accounting unit for DeFi transactions.
Looking to the future, Meter.io will continue to focus on expanding its ecosystem, with plans to enhance interoperability with other major blockchain networks. This may include deeper integration and partnerships within the DeFi space, further reducing barriers to entry for decentralized financial applications and services.
The main mission of Meter: to create a stable decentralized currency system
Meter.io aims to correct the volatility and centralization issues prevalent in existing cryptocurrencies and financial systems by establishing a native stablecoin called MTR. This digital currency is designed to provide a stable accounting unit required for DeFi applications, freeing itself from the constraints of centralized financial systems. The platform's design incorporates a unique hybrid consensus mechanism of Proof of Work (PoW) and Proof of Stake (PoS) protocols, enabling it to achieve high transaction throughput and instant finality while maintaining decentralization.
Economic design and stability mechanism
Meter.io's economic design revolves around Meter Stable (MTR), which is tied to the cost of producing 10 kilowatt hours of electricity. This tethering method aims to link the value of cryptocurrency to stable real-world indicators, thereby minimizing the volatility of digital currency. In addition, the supply of MTR is dynamically adjusted through mining activities and an internal auction system for Meter governance tokens (MTRG), ensuring that the currency can adapt to changes in demand without causing inflationary or deflationary pressures.
Decentralization and Accessibility
One key aspect of Meter.io's mission is to enhance the accessibility of financial services. By leveraging blockchain technology, Meter.io has created a decentralized network where financial transactions and services such as loans, savings, and payments can be managed by a peer-to-peer community, rather than through central financial institutions. This approach not only enhances security and trust between users but also provides financial services to those globally who are not served by traditional banking systems.
Long-term Vision and Impact
Meter.io envisions a world of stable, efficient, fair, and open financial systems for everyone. By building a powerful DeFi platform that can interoperate with other blockchain systems, Meter.io aims to become the foundational layer of a new economic paradigm, capable of operating globally without relying on traditional financial intermediaries.