Pocket Network Supports Meter
Pocket Network supports Meter and added it to its growing list of supported blockchains. Meter is one of the fastest growing L1s, particularly in terms of decentralization and network efficiency.
With an optimized Hotstuff Proof-of-Stake (PoS) consensus mechanism, Meter increases network transactions-per-second (TPS) to thousands of transactions, while keeping hundreds of nodes online, featuring an optimized transaction module to realize maximal extractable value (MEV) resistance.
Meter ($MTRG) is a stablecoin that focuses on inflation resistance. It is permissionless without compromising performance, offers instant and immutable transaction records, and provides financial infrastructure that can operate as a side chain to be leveraged by all public blockchains.
The protocol accomplishes all of this via a hybrid consensus model that combines the best of Proof-of-Work (PoW) and PoS counterparts, which enables Meter to be censorship-resistant, efficient, secure, and environmentally friendly. This hybridization has helped align incentives between users, miners, and developers of the Meter blockchain by separating their currency creation from their banking and accounting.
Recently, the Meter and Pocket Network communities discussed the desire to form a partnership, with both parties agreeing that cooperating will bolster a more decentralized technology stack and better user experience for both networks.
Furthermore, by integrating with Pocket Network, Meter has agreed to route their RPC service, which currently relies on centralized providers, to Pocket Network’s decentralized network. With this newly launched integration, end users can benefit from a stable and highly performant RPC service, and developers can build on their own custom Meter endpoints by using the Pocket Portal.
Moreover, compared with centralized RPC providers, Pocket Network is capable of providing thousands of service nodes for Meter and delivering unstoppable infrastructure with high redundancy on a fully distributed network. Since Mainnet’s launch in July 2020, Pocket Network has proved its highly stable and fast service while maintaining maximum uptime for dApps.
POCKET NETWORK SUPPORTED CHAINS
As Pocket Network focuses on building a decentralized Web3 infrastructure for all and resolving some of the above pain points, it in turn supports all varieties of blockchain projects. Pocket now supports dozens of blockchains, including Ethereum, Polygon, Harmony, BSC, Fantom, Avalanche, Solana, Near, and more, as well as thousands of dApps like Aave.
ABOUT Meter
Meter is the fastest, most decentralized, and most scalable Ethereum sidechain. Meter SDK is built on top of the state-of-the-art HotStuff consensus, scalable to thousands of consensus nodes while supporting thousands of transactions per chain.
ABOUT Pocket Network
Pocket Network is the TCP/IP of Web3 node infrastructure – a multi-chain relay protocol that incentivizes RPC nodes to provide DApps and their users with unstoppable Web3 access
