Meter

Meter is a decentralized finance (DeFi) infrastructure featuring a built-in, crypto-native, metastable currency. It functions as a high-performance, Ethereum Virtual Machine (EVM)-compatible sidechain for Ethereum and other public blockchains. Meter uses a hybrid consensus mechanism that combines Proof of Work (PoW) and a HotStuff-based Proof of Stake (PoS) with the MTRG governance coin. This approach enables Meter to process thousands of transactions per second and achieve almost instant finality, making it highly efficient and secure​​.

MTR as a Stable Coin: Meter Stable (MTR) serves as the unit of account and medium of exchange for the Meter network. It's a low-volatility cryptocurrency created using SHA256 Proof of Work, similar to Bitcoin. MTR's value is anchored to the global electricity price, which is historically more stable than fiat currencies. MTR can be used for everyday payments and as a store of value, offering a decentralized and stable option for transactions​​​​.

Decentralized Finance (DeFi) Infrastructure: Meter is built to support DeFi applications such as decentralized exchanges, synthetic asset platforms, and lending applications. It leverages its fast and decentralized network to increase the speed and scalability of these DeFi apps. Meter’s EVM compatibility and future interoperability with other public blockchains like Polkadot and Cosmos allow it to function as a sidechain, enhancing scalability and enabling value interaction across various blockchains​​.

Governance (MTRG): MTRG is the governance token of the Meter system. Holders of MTRG can stake their tokens as PoS validators or delegate to other validators, participate in governance decisions, and earn various fees paid in MTR. They can vote on major changes to monetary policy, MTR production parameters, new feature additions, and other governance-related issues. MTRG token holders play a significant role in the direction and development of the Meter ecosystem​​.