Meter Governance mapped by Meter.io (EMTRG) is a token based on the Ethereum blockchain. It is part of the Meter ecosystem, which focuses on providing scalable, high-performance infrastructure for the financial Internet in a multi-chain future. This token facilitates governance within this ecosystem, allowing holders to participate in decision-making processes related to the network's management and upgrades.
The Meter ecosystem employs a hybrid consensus mechanism that combines Proof of Work (PoW) and Proof of Stake (PoS). The MTR token is created through the PoW mechanism, consuming electricity to maintain the network’s stability. EMTRG operates on the PoS consensus, which is used by validators to secure transactions on the blockchain using a HotStuff-based consensus algorithm. This setup helps achieve scalability and interoperability across multiple blockchain networks.
The Meter ecosystem was founded in 2018 by Xiaohan Zhu, aiming to solve key challenges in DeFi through a scalable and interoperable blockchain infrastructure. Significant milestones include:
Meter Governance mapped by Meter.io has evolved to support over 100 applications, facilitating performance improvements across blockchain services.