Safeguarding Asset on Meter Network

Published on: 21.10.2022

Safeguarding asset on Meter Network is now possible by using Ledger Nano S. Meter always thinks of possible ways to make their clients and users feel secure when storing or keeping their crypto assets.

Meter created a simple guide on securing crypto assets on its network using Ledger to make it possible.

This tutorial will show you how to create your first Ledger Meter (MTR) account with your Ledger device and MetaMask.

Update Ledger Live through the notification banner or download the latest version.
Update the firmware on your Ledger Nano S / Nano S Plus / Nano X.

If you’re all set and completes updating and downloading the firmware mentioned above you can now proceed to the next step.

Install the Meter (MTR) app on your Ledger device

Connect and unlock your Ledger device.
Open Ledger Live and navigate to My Ledger.
If asked, allow access to My Ledger by pressing both buttons on your Ledger device simultaneously.
In My Ledger, select the App Catalog, search for Meter (MTR), and click Install.
You’re done.

Next Steps

Ledger Live does not support Meter (MTR) account yet but you can safely create your first Ledger Meter (MTR) account with MetaMask. Click here to learn more.

Meter is a DeFi infrastructure with a built-in, crypto-native, metastable currency, MTR.
It uses HotStuff-based PoS consensus with MTRG (Meter Governance Token) to manage the blockchain ledger. Meter functions as a highly-decentralized, high-performance side chain for Ethereum and other public chains.

The Meter system uses Proof of Work to create a fully-decentralized, low-volatility coin MTR for fees and payments, and HotStuff-based Proof of Stake with the MTRG governance coin to validate transactions.

This hybrid consensus mechanism makes Meter fast – the system can process thousands of transactions per second, reaching finality almost instantly – and super secure.