Meter Is The First Multi-Asset Validation PoS Blockchain

Meter is a DeFi infrastructure that uses a multi-asset validation model. Unlike traditional blockchains that only use native tokens for network validation, Meter allows users to validate the network with blue-chip assets.

This makes the network more decentralized and secure, also, Meter has a ‘no slashing’ policy, which means validators are not punished by having their stakes reduced. This reduces the risk for validators, and more people will participate.

Traditional Blockchain Validation

In traditional blockchain networks, validators secure the network and validate transactions with the blockchain’s own tokens. They stake these tokens as collateral, so they have a financial incentive to be honest since any malicious behavior will result in losing their staked tokens.

But this has its drawbacks. Using only native tokens can lead to centralization, where a few participants accumulate a lot of tokens and gain too much control over the network. Which goes against decentralization.

Also, native tokens are limited to their own network and can’t be used elsewhere. This limits their broader application and value. This limits cross-network interaction and integration of different assets and hinders the overall growth and flexibility of the blockchain ecosystem.

Meter’s Multi-Asset Validation

Meter offers a new way to secure and validate blockchain networks through multi-asset validation. Instead of using only the network’s own tokens, Meter allows users to validate the network with other high value assets like stablecoins and major cryptocurrencies.

This way the types of assets used for validation are diversified and more people can participate even if they don’t hold the native token. This makes the network stronger by spreading the power and making it more decentralized.

By allowing different assets to be used as collateral, Meter democratizes access to validation. This reduces the risk of a few participants to gain too much control. This way we not only secure the network but also increase the value and usefulness of the assets involved and a more connected and versatile DeFi.

Multi-Asset Validation Benefits

Meter’s multi-asset validation brings many benefits to the blockchain. By allowing stablecoins and major cryptocurrencies to be used for validation, Meter is more inclusive. This means control isn’t concentrated in the hands of a few big holders of native tokens but spread among many participants, reducing centralization risks.

Using multiple assets as collateral makes the network more secure and stable. This diversity acts as a cushion against economic volatility, making the network more robust. Attacks would need to compromise multiple assets, making it more secure.

The multi-asset validation model also increases participation by aligning economic incentives with a larger user base. It invites holders of different high value assets to participate, strengthening the network with more validators.

Participants are motivated to act in the network’s best interest as their assets are directly tied to its health, creating a strong and cooperative community. This is a more connected and versatile decentralized finance.

Additionally, Meter Network has announced a major 40% token burn of the total $MTRG supply, which will enhance the long-term value and stability of the ecosystem.

Technical

Meter’s multi-asset validation allows various valuable assets, not just native tokens, for security and transaction validation. More participation, less centralization risks, more security by more validators.

Meter combines HotStuff-based Proof of Stake (PoS) with Proof of Work (PoW) for consensus. HotStuff-based PoS for fast and secure transactions, optimized for Ethereum Virtual Machine (EVM). PoW for the value of Meter’s currency MTR, for economic stability.

This hybrid approach uses the strengths of both PoS and PoW to provide a scalable, secure and efficient blockchain, for DeFi applications and multi-asset validation.

Non Native Tokens Validation

Meter’s blockchain allows high value assets like Bitcoin (BTC), Ethereum (ETH), stablecoins (USDC, DAI) to be used for validation, not just native tokens. This opens up the validation to more participants, broader validator base and more security by using more assets.

By accepting these assets, Meter is more stable and more interoperable with other blockchains, value transfer is smoother and DeFi is more connected.

This is a precedent for other chains to follow, making the blockchain landscape more diverse and robust, Meter’s network and DeFi as a whole.

Emphasis on Decentralization

Meter places an emphasis on decentralization through its multi-asset validation system. By allowing assets other than native tokens to be used for validation, the network becomes less centralized and participation becomes widespread.

This reduces the risk of centralization and enhances the security of the network. By allowing diverse assets to be accepted as collateral for staking, Meter encourages its community to participate and allows for a more democratic style governance to take place.

This boosts user participation and takes into account diverse interests of users, resulting in an increase of both adoption and trust.

By promoting participation among users from different blockchain networks, cross-network cooperation can take place, increasing adoption and boosting trust in the network.

Coordination with “No Slashing” Design

A “no slashing’ policy means that validators do not lose their staked assets because of network errors. This is unlike the majority of other proof of stake (POS) systems.

This reduces the risk of participation and makes the network more attractive and secure to use.

Not only does this policy coordinate with Meter’s multi-asset validation system, allowing multiple types of blue chip assets to be used for validation without the risk of losing vast sums of money.

It also encourages widespread participation among diverse validators, increasing decentralization and boosting network security.

Validators stand to benefit the most from this policy. They can stake up any of the blue chip assets without the risk of being slashed, making the network more attractive to them and their incentives perfectly aligned with network security.

With assets safe from slashing, they are more inclined to validate in the long term, boosting network reliability and showing that this coordination between “no slashing” and multi-asset validation results in a secure, inclusive and resilient network, allowing for widespread participation and coordination to take place, ensuring Meter’s success and sustainability.

Outlook and Upgrades

Upgrades are being planned to make Meter’s network quicker and more efficient. Firstly, better mechanisms for allowing different types of assets from diverse blockchains to be used for validation are to be introduced.

Secondly, improvements in algorithms are to be made in order to accelerate transactions and reduce transaction delay.

These upgrades will attract more users and encourage cooperation between different blockchains, resulting in a more interconnected DeFi ecosystem. Other blockchains may look to take Meter’s example and adopt its policies, resulting in greater decentralization.

Disclaimer: This article is provided by the Client. The Client is solely responsible for this page’s content, quality, accuracy, products, advertising, or other materials. Readers should conduct their own research before taking any actions related to the material available on this page. The Crypto Basic is not responsible for the accuracy of info and any damage or loss caused or alleged to be caused by the use of or reliance on any content, goods, or services mentioned in this article.

Please note that The Crypto Basic does not endorse or support any content or product on this page. We strongly advise readers to conduct their own research before acting on any information presented here and assume full responsibility for their decisions. This article should not be considered investment advice.