Review on Meter Stable by LUIS RIVERO R
Stable cryptocurrency backed by electricity consumption.
This is a decentralized cryptocurrency, the type of mining used by this currency is for proof of work, unlike other cryptocurrencies that offer price stability. Meter is not backed by other assets or smart chains and each asset created by the mining process, it also offers a large number of transactions per second which makes it highly available.
In general, it is one of the currencies that still bet on the proof of work to issue and back their assets, according to technical details its main support is the electrical consumption generated by mining equipment, within its next steps is to generate greater compatibility with the Ethereum network.
MRT is a backed token that is supposed to have the value should be the equivalent of 1USD. However, its price is lower than this.
Pros
- Cryptocurrency for payments.
- Highly scalable
- POW and pos mining method for network consensus.
- This chain supports the development of executable applications on your network.
- It has good market liquidity.
Cons
- The main problem is that this currency is its price, since they claim to be a stable currency, however its value is less than the dollar.
