Difference between revisions of "Metis"
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(Created page with "Metis has developed an Optimistic Rollup solution to bundle and sequence transactions on the layer above Ethereum and then send that data back as one transaction to the Ethereum Layer 1 main chain. This way, we are able to offer extremely fast transactions that take just a few seconds and cost just a few cents, while still maintaining the security of Ethereum Layer 1. The Metis Layer 2 network assumes all transactions are valid until proven other...") |
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Metis | Metis is an [[Ethereum]] scaling solution ([[Layer 2|Layer-2]]) originally forked from [[Optimism]]. It provides support for multiple, interconnected L2 chains with main focus on supporting easy creation of DACs (Decentralized Autonomous Companies). | ||
[[File:Metis.png|thumb|150x150px|Metis Andromeda]] | |||
The Metis Layer 2 network assumes all transactions are valid until proven otherwise ( | The Metis Layer 2 network assumes all transactions are valid until proven otherwise (“[[Optimistic rollups|Optimistic Rollups]]”). These are called fraud proofs which are submitted in case the transactions are invalid. [[Validator|Validators]] post a bond, and this is slashed for invalid transactions. This is rigorously verified by Rangers who are financially incentivized auditors or validators – they will stake and mine Metis tokens by verifying transactions. <ref>https://www.metis.io/learning-hub/</ref> | ||
== References == | == References == | ||
<references /> | |||
[[Category:Optimistic rollups]] | |||
[[Category:Layer 2]] | |||
Latest revision as of 23:38, 24 May 2022
Metis is an Ethereum scaling solution (Layer-2) originally forked from Optimism. It provides support for multiple, interconnected L2 chains with main focus on supporting easy creation of DACs (Decentralized Autonomous Companies).
The Metis Layer 2 network assumes all transactions are valid until proven otherwise (“Optimistic Rollups”). These are called fraud proofs which are submitted in case the transactions are invalid. Validators post a bond, and this is slashed for invalid transactions. This is rigorously verified by Rangers who are financially incentivized auditors or validators – they will stake and mine Metis tokens by verifying transactions. [1]