Meter is a global currency that maintains long-term, stable purchasing power and can’t be censored or manipulated by third parties.
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 a counterparty, oracle, and regulatory risks.
2. Slow performance and long confirmation times.
3. Most current DeFi apps are built on Ethereum, making 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 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.
Launch Phase 1 of Meter mainnet with 15 Foundation-run nodes. MTR mining will be fully open/
Q4 2020
Launch Phase 2 - commence open staking for high-quality validators and MTRG on-chain auctions. Develop mobile wallets on Android and iOS platforms. Release fully-open-source code.
Q1 2021
Launch Phase 3 - completely open staking and release EVM functionality on the mainnet.
Q2 2021 and beyond
Continue to recruit miners and validators to further decentralize the platform. Forge partnership with merchants, exchanges and developer platforms to increase the use of MTR and MTRG