Metis Token Extends Grant Application Deadline

Date: 2025-01-15 Author: Henry Casey Categories: BLOCKCHAIN
news-banner
The Metis Retro Grant program is designed to support cutting-edge projects by offering grants of up to $25,000.

Metis is a Layer 2 solution running on the Ethereum blockchain. The platform aims to overcome the main limitations of Ethereum, such as high transaction costs, low transaction speed, and limited scalability.

Metis offers tools that simplify the deployment of smart contracts and ensure their stable operation on the Ethereum network.

The platform's technological architecture includes three key components:

Oracles. They provide smart contracts with up-to-date data from the outside world, connecting the blockchain with other systems.

Nodes. Serves to store a full copy of the network data, increasing its reliability and security.

Subgraphs. This is an indexing protocol that collects, processes and stores data from the blockchain, providing convenient access to information through the GraphQL query language.

These elements together make Metis an important tool for improving the efficiency and performance of the Ethereum network.

METIS is an ERC-20 governance token. It is used to pay transaction fees on the Metis network and staking, which ensures its key role in the platform's ecosystem.
image

Leave Your Comments