- Initial Idea formed
- Start research
METER: ReInventing Money for DeFi
- Permissionless, Stable, Fast, No Oracles
"Money should have the function of a standard of measurement and thus it should become comparable to the watt or the hour or a degree of temperature…this standard, as a basis for the standardization of the value of the international money unit, would remove the political roles of the “grand pardoners,…"
- John Nash, Nobel Laureate, Inventor of Game Theory
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Proof of Value Bridging the Unit of Account in Virtual & Physical Worlds
Inflation Resistant Yet Elastic to Changes in Economy W/O Oracles
Permissionless Yet High Performance
Irreversible Transaction Records
A Financial Infrastructure Functions As Side Chain/Hub to All Public Chains
Sovereign Grade Censorship Resistance
Highly decentralized network of block producers. Resilient to major network partitions
Fast Proof of Value Consensus
Thousands transactions per second on main chain without sharding. Scalable to unlimited transactions per second with sidechains and sharding.
Separation of Currency Creation with Banking
Correctly align the incentives of miners, developers and the stake holders. Better efficiency, security and faster innovations.
Mining cost comparable to the combined budget of US mint and US Bureau of Engraving and Printing for an economy similar to the US.
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Meter's Early Supporters