Meter chain
Overview
Meter is a layer-1 blockchain that employs a hybrid consensus mechanism combining proof-of-work (PoW) for mining a native stablecoin (MTR) and delegated proof-of-stake (DPoS) for network security and governance. It also operates an interoperability bridge known as Meter Passport, enabling asset transfers between Meter and other blockchains.
Within the DeFi Intel graph, Meter connects to 4 tracked entities, most strongly to USD Coin, Tether USD, Binance USD.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 4 of 4 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | USD Coin | 95% |
deployed_on | Tether USD | 95% |
deployed_on | Binance USD | 95% |
deployed_on | Binance Peg BUSD | 95% |
Frequently asked questions
What consensus mechanism does Meter use?
Meter uses a hybrid consensus mechanism that combines proof-of-work (PoW) for mining its native stablecoin MTR and delegated proof-of-stake (DPoS) for network security and governance.
What is Meter Passport?
Meter Passport is an interoperability bridge operated by Meter that enables asset transfers between Meter and other blockchains.
Which stablecoins are deployed on Meter?
Tether USD, USD Coin, Binance Peg BUSD, and Binance USD are deployed on Meter.