Review on Meter by David Olayide

Name: Meter
Item: Meter
Rating: 4

March 15, 2021

The Largely Unknown And Silent Meter

Let’s take a look into another cryptocurrency project in the very large and still expanding crypto community that. There continues to be an influx of these little cryptocurrency projects all around, each with a specific set of goals or purpose. Most people myself included, do not actually have an idea of the existence of cryptocurrencies like Meter. The Meter project runs on its own blockchain. 

Meter (MTRG) is a decentralized finance (DeFi) infrastructure with a unique economic and consensus design. It provides an actual decentralized programmable money that allows decentralized businesses to grow. The project is fully or totally decentralized and so no one person has complete control over the activities of the entire network as a whole. The main objective of Meter is to complete the mission of Bitcoin and create a stateless financial infrastructure to enable the development of the cryptocurrency economy. 

True, Meter is a fully decentralized, permissionless public chain and there, Meter is the stable cryptocurrency on the chain. It provides a relatively stable currency reference to values from the actual world. In the cryptocurrency world there is volatility and this makes it harder that it should be, to create a stable and healthy blockchain ecosystem.

Meter is capable of processing thousands of transactions per second through the use of a HotStuff Consensus model and this ensures that transactions are confirmed almost instantly. Of course Meter can be used for buying, or payments just like the normal cryptocurrencies that you can purchase with. MTRG is used to validate transactions via Proof of Stake HotStuff BFT consensus and participate in the governance of the Meter network.  eMTRG is the wrapped MTRG on Ethereum. 

You can purchase MTRG on exchanges like , MXC and others too. It has a circulating supply of 2,318,338 MTRG coins.

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