Metis Token to Host a Meetup in Tokyo on April 15
Date: 2025-04-08 Author: Oliver Abernathy Categories: IN WORLD
Metis is a Layer 2 solution built on the Ethereum blockchain. The project aims to address the mainnet’s problems such as high transaction costs, limited data processing speed, and scalability issues. The Metis platform offers an efficient mechanism for quickly and easily deploying smart contracts, which allows for stable operation on the Ethereum blockchain.
The core structure of Metis relies on three key components: oracles, nodes, and subgraphs. Oracles perform the function of transmitting up-to-date data from the outside world to smart contracts, which allows the blockchain to integrate with external sources of information. Nodes, which store full copies of the distributed network data, contribute to its security and stability.
Subgraphs operate as an indexing protocol designed to collect, process, and store information necessary for the functioning of the blockchain. This tool facilitates data retrieval using the GraphQL programming language, making it much easier to access information. The interaction of all these components makes Metis an important element in improving the operation and performance of Ethereum.
METIS is an ERC-20 governance token that serves several key functions. It is used to pay transaction fees on the Metis network, and also serves as a staking token, providing additional flexibility to users and incentivizing participation in the ecosystem.
With its technical approach and integration with Ethereum, Metis continues to evolve, offering innovative solutions to improve the operation of the main network and expand its capabilities.
