Meter Governance functions as the governance token within the Meter project, a forward-thinking DeFi infrastructure defined by its innovative foundation. The project introduces a unique, crypto-native, metastable currency called MTR, setting itself apart in the competitive field of cryptocurrencies. It aims to achieve several key objectives:
- Interoperability: By enabling smart contracts to seamlessly scale and transition between different blockchain networks, Meter aims to overcome the limitations currently seen in the blockchain space.
- Scalability: Meter provides a high-performance sidechain for Ethereum and other public blockchains, focusing on alleviating the performance issues faced in blockchain applications. This is achieved through its hybrid consensus mechanism which includes both Proof of Work (PoW) and Proof of Stake (PoS).
- Sound Money: The project seeks to establish a metastable sound currency that operates independently of the fiat monetary system, ultimately fulfilling Bitcoin’s original vision regarding decentralised finance.
