Meter Governance Price Chart Update [MTRG]

The MTRG price update as of now is $1.39. In the previous 24 hours, its trading volume was $230,902, and its value has decreased by -2.38%. As of now, MTRG's live market cap is $49,991,905, and it is ranked as the #2676 on the Coincu. MTRG has a circulating supply of 46,605,184 and a maximum supply of 46,605,184.

Exploring Meter Governance

Meter Governance is a concept that revolves around DeFi infrastructure and its unique approach to governance and stability. The Meter system offers a highly-decentralized, high-performance EVM compatible side chain for Ethereum and other public chains, with its built-in, crypto-native, metastable currency.

The governance mechanism of Meter is based on a hybrid consensus model, combining Proof of Work and HotStuff-based Proof of Stake. This results in the creation of two essential coins - MTR and MTRG. MTR is a low-volatility coin used for fees and payments, while MTRG is the governance coin used for transaction validation.

By implementing this innovative consensus mechanism, Meter achieves impressive speed and security, allowing for thousands of transactions per second with almost instantaneous finality.

Developers in the DeFi space can utilize Meter's highly-decentralized, HotStuff-consensus PoS chain as an EVM-compatible side chain, enhancing the speed and scalability of various DeFi applications such as decentralized exchanges, derivative trading platforms, yield farming programs, and more.

The Advantages of Meter Governance

Meter Governance provides solutions to two significant challenges in the DeFi ecosystem:

• The need for a stable, decentralized unit of account that can represent a reliable value for DeFi applications, addressing the volatility issues of native cryptocurrencies and limitations of stablecoins.
• The need for a high-performance, EVM-compatible blockchain that can scale and interact seamlessly with other blockchains, facilitating scalability and value transfer.

Benefits of Utilizing Meter Governance

Applications in DeFi Infrastructure

Meter's decentralized network is purpose-built to empower DeFi applications. Developers can leverage this infrastructure to build decentralized exchanges, synthetic asset platforms, lending applications, and other DeFi apps that require fast and reliable infrastructure.

Additionally, Meter's EVM compatibility and future interoperability with prominent blockchains like Polkadot and Cosmos make it an ideal choice as a side chain, enabling seamless scaling and value interaction across different blockchain networks.

Seamless Everyday Payments with Meter

Meter's functionality extends beyond DeFi applications. It also provides a convenient and secure payment solution for everyday purchases and payments, whether it's buying a cup of coffee or sending money to friends and family worldwide.

Meter as a Reliable Store of Value

In an era where currencies are continuously devalued, Meter offers a stable store of value. It is pegged to 10 kWh of electricity, a globally reliable and stable resource.