️#Meter was invented based on a simple observation - in existing #cryptocurrencies, protocols mix money creation with the consen
14 Sep 2023, 11:25
⚡️#Meter was invented based on a simple observation - in existing #cryptocurrencies, protocols mix money creation with the consensus to maintain ledger security. However, in the real world, miners extract gold or silver from the Earth while bankers maintain the financial system.
We therefore created a new consensus called Proof of Value, which is a hybrid of #PoW and #PoS. PoW is used to create the economic consensus for the metastable gas coin $MTR, while $MTRG is used in PoS mode with the most advanced consensus design called #HotStuff to create a high-performance ledger.
In our system, miners and validators collaborate to make the system more stable, secure, and scalable.
Such design allows us to combine the benefits of both worlds and link #crypto value to a stable value in the physical world (electricity) and have the highest performance ledger available!
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$MTRG #Layer1 #Blockchain #Crypto #DeFi