Palo Alto, California
Meter blockchain HotStuff2 consensus upgrade enables a remarkable performance boost with speedy transactions on a fully decentralized public mainnet.
Meter, the decentralized high-performance EVM blockchain that pioneered the permissionless flatcoin linked to competitive electricity price, announces a groundbreaking consensus upgrade to the HotStuff2 protocol.
Introduced in April 2023, the cutting-edge HotStuff2 consensus protocol represents the latest evolution in BFT (Byzantine Fault Tolerance) protocols.
Developed as an enhancement of the original HotStuff protocol which was recognized for superior performance and resilience against malicious attacks and network challenges brings exceptional efficiency with significantly reduced finality latency and transaction confirmation times.
The upgrade underscores Meter’s commitment to providing its users with the ultimate decentralized and high-performance trading experience.
A consensus protocol, at its core, is a set of rules and processes that govern how nodes in a blockchain network agree on the validity and order of transactions.
It is crucial in blockchain systems to ensure all participants in a decentralized network reach a common agreement, maintaining the integrity and consistency of the blockchain.
Meter driven by a vision to realize Satoshi’s original concept of creating sound money independent of the fiat system chose HotStuff as its foundational consensus protocol.
Launched in July 2020, Meter mainnet became the industry’s first fully decentralized HotStuff public network, supporting the EVM (Ethereum virtual machine) and operating securely with over 340 scalable to tens of thousands community-maintained validator nodes.
With the successful upgrade to HotStuff2 on December 1, 2023, Meter mainnet has achieved a notable 50% reduction in transaction confirmation time compared to its previous version.
Users can now enjoy lightning-fast interactions akin to central Ethereum layer two rollups like Arbitrum, all while benefiting from the security and censorship resistance inherent in a decentralized layer one blockchain when engaging in DeFi (decentralized finance) trading.
The HotStuff2 upgrade brings more than just speed improvements.
Meter mainnet now boasts triple to quadruple node synchronization speeds through the network and database optimizations, further establishing its position as one of the fastest and highest-throughput decentralized EVM blockchain in the industry.
Xiaohan Zhu, co-founder of Meter, said,
“We are not just a blockchain e are an innovative engine dedicated to surpassing traditional networks and providing users with faster, safer and more decentralized trading experiences.”
The Meter team expresses gratitude for the unwavering support of the Meter community, emphasizing on their mission to innovate tirelessly and deliver an extraordinary decentralized experience beyond expectations.
For more information, please visit the website.
Meter is a decentralized blockchain platform committed to realizing Satoshi’s original vision of creating sound money independent of the fiat system.
Launched in July 2020, Meter mainnet is the industry’s first fully decentralized HotStuff2 public network, supporting the EVM (Ethereum virtual machine) and providing users with an unparalleled trading experience.
Follow Meter.io to learn more about the project and stay up to date on their latest updates.
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