We have partnered with Tokamak to launch eMTR on the Tokamak Network and perform co-research on Ethereum side chains.
We are excited to announce that we’ve partnered with the Tokamak Network to bring eMTR, the ERC-20 version of our fully-decentralized metastable coin MTR, to their network!
Tokamak Network is a layer 2 protocol that includes plasma and roll-ups, and boosts interoperability, scalability, functionality, and usability. Security and data availability are guaranteed by the decentralized Ethereum blockchain.
Meter will work together with Tokamak on the following initiatives:
- Launch our ERC-20 metastable coin eMTR on the Tokamak Network.
- Perform joint research on integrating Meter’s side chain on Tokamak’s Layer 2 aggregation platform, and developing Ethereum side chains in general.
- Determine whether the zk-erc20 integration of eMTR is possible.
"We expect this partnership to speed up the construction of Layer 2 platform that Tokamak Network is pushing for in earnest," Kevin Jung, CEO of Onther, a developer of Tokamak Network said, "We will continue to support various Layer 2 based on strategic cooperation with Meter."
“Tokamak has built very strong Ethereum Layer 2 technology and we have similar visions of how Ethereum should and can scale. We are excited to work with them to accelerate our progress in the space,” said Xiaohan Zhu, CEO of Meter.
This partnership will increase the use of eMTR and expand Meter’s ecosystem, especially in the important Korean crypto market.
About Tokamak Network
Tokamak Network is a platform that assures decentralized and secure property the same as Ethereum Main chain while supporting a high level of scalability and extensibility. Each Dapp is possible to build blockchain easier for a specific purpose through the variety layer 2 solution that Tokamak network provides.
Meter is DeFi infrastructure with a fully-decentralized, low-volatility coin, MTR, at its core.
The Meter system uses Proof of Work to create MTR and 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.
DeFi app developers can also use our highly-decentralized, HotStuff-consensus PoS chain as an EVM-compatible sidechain to increase the speed and scalability of decentralized exchanges, derivative trading platforms, yield farming programs, and other DeFi apps.