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Meter is an open-source, decentralized blockchain platform designed to support the Web3 economy with high throughput, low and stable fees, and strong resistance to front-running and censorship. It achieves this through a hybrid consensus mechanism combining Proof of Work (PoW) and Proof of Stake (PoS) with HotStuff-based consensus, enabling thousands of transactions per second with instant finality. Meter’s native metastable coin, MTR, is pegged to 10 kWh of electricity, aiming to provide a sound money alternative independent of fiat-backed stablecoins, which are often centralized and regulatory constrained.

The platform is EVM-compatible, allowing Ethereum developers to build and deploy decentralized applications (dApps) with minimal changes while benefiting from Meter’s scalability and MEV (Miner Extractable Value) resistance. Meter also supports interoperability with multiple blockchains through bridges, enabling asset transfers and cross-chain interactions. Its economic design dynamically adjusts MTR supply via mining and an internal auction mechanism involving the governance token MTRG, maintaining a stable value equilibrium.

Meter targets developers building DeFi protocols, infrastructure teams seeking scalable blockchain solutions, and enterprises requiring censorship-resistant and fair transaction processing. Over 100 dApps have integrated with Meter to improve performance and reduce costs. Developers can get started by connecting wallets like MetaMask, using Meter’s developer documentation, and participating in validator programs or developer bounties. Comprehensive resources, including tutorials, APIs, and a developer incentive program, support onboarding and ecosystem growth.