The partnership of Blockchain and Cryptocurrency has crossed several milestones since the beginning. In this journey Blockchain generation Has faced many problems with the most prominent balance to Blockchain Trilemma. This Trilemma includes three basic principles that are the basis of blockchain generation- scalability, security and decentralization. Very few projects in Crypto World have managed to manage this trilemma, one of them is Metis. It is included in some projects that have been successful in balance in this trilemma.
What is Metis? Which technology does it work on?
Metis is a layer-2 blockchain made on the Ethereum Blockchain. It maintains its security by solving the basic problem of Ethereum Blockchain such as low speed, high transaction fees. For this, it uses a special technology called positive rollup. Many transactions are processed simultaneously in Positive Rollup and sent to a proof ethereum. This is called “optimistic” because it moves to assume that everything is fine until someone is compulsory. This reduces the load on the network and completes the transactions in fast and low fees.
Metis has also introduced a new idea called DAC (DECENTRALZED SELF SUFICICINET corporate). It is a kind of web3 company that works completely on-chains. Its decisions, funds and members are managed on blockchain. In this, people can work together, vote and also decide responsibilities. In simple words, DAC is an upgraded and business ready version of Dao. If you want to know that What is daoSo click on this link.
Which problems are Metis solution?
Ethereum Community is known for its security, but its biggest weakness is slow transaction speed and high fuel charges. Working on the mainnet of Ethereum is very timed and expansive. Metis, Layer-2 Community, which is associated with the mainnet of Ethereum, but apps and transactions working on it are very fast and affordable.
Trilemma Scale: What is the score of Metis?
The biggest challenge in front of Blockchain Generation is Scalability, Decentralization and Safety. Metis has made some new innovations to manage it.
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Scalability: Hybrid rollup generation is used in Metis, which is connected to the mainnet of Ethereum and processes transactions rapidly. This means that you will not have to face the slow speed of Ethereum.
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Safety: Metis, Etreum’s Mainnet’s security model is benefited, which makes users confident safe transactions.
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Decentralization: Metis is fully decentralized and has been decentralized sequencer gadget deployed for it.
Therefore, the trilemma score of metis is good, as it balances all three aspects simultaneously.
What is the role of Metis Token?
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Transaction charges: Metis Token is used for all transactions on Metis.
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STKING: Metis Token is also used for staking, leading to increased network security and decentralization.
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Governance Vote Casting: Token holders get the right to voting in governance, which can affect important decisions related to the network.
Special features of metis
There are some special features of Metis, which make it different from the rest of the layer-2 answers.
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DACS (DECENTRARALZED Self Supicient Firms): The system of DACS in Metis is unique, in which you can create your decentralized company. They are fully decorated, despite being like traditional business structures. Here are all on-chains governance, decision and payroll.
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Hybrid rollup: Metis’s rollup system works very well with Ethereum. It processes transactions in a quick and affordable manner, which has to give much less fuel charges than Ethereum.
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Able-to-use equipment for builders: Metis provides all tools to migrate easily from Web2 to Web3. Which makes it easier for developers to start a new app or project.
Conclusion
Metis is gradually strengthening her ecosystem and offering a solution to the problems of scalability, safety and decentralization of Etreum. It is clear from the positive results that Metis has received so far that this is the role model of Layer-2 answers. Given its innovative technological solution, its future performance also looks better. Overall, the Metis is the Underdog of the Crypto World.
