Pocket Network has supported Meter, a rapidly growing Layer 1 blockchain

Author: Pocket Network

Pocket Network has supported Meter, providing it with a decentralized RPC layer.

At the end of August, Pocket Network officially supported Meter, adding another member to its continuously growing list of supported blockchains. Meter Chain is one of the fastest-growing L1s, particularly in terms of decentralization and network efficiency. Through optimized Hotstuff PoS consensus, Meter has increased its network TPS to thousands while maintaining hundreds of nodes, and has optimized transaction module design to achieve MEV resistance.

Meter ($MTRG) is an anti-inflation stablecoin that is permissionless, with real-time and immutable transaction records, serving as financial infrastructure for public blockchains through sidechain operation. Meter achieves this design through a hybrid consensus mechanism that combines PoW and PoS, featuring censorship resistance, efficiency, security, and environmental friendliness. This hybrid mechanism allows for independent currency minting, helping to coordinate incentives for users, miners, and developers.

Currently, Meter hosts dozens of NFT and DeFi projects, such as VoltSwap Dex and Business Builders. The rapidly growing Meter ecosystem urgently needs stable and decentralized RPC providers to replace existing centralized RPC providers, serving dApps and users.

Recently, the Meter community and the Pocket Network community engaged in thorough communication, both recognizing that this collaboration will enable both networks to achieve a more decentralized tech stack and a better user experience. After Pocket Network officially supports Meter Chain, the original centralized RPC will switch to decentralized services, allowing developers to mint their own Meter endpoints in the Pocket Portal to serve dApps.

Compared to centralized service providers, Pocket Network can offer Meter over thousands of service nodes, providing rock-solid infrastructure through high redundancy and a fully distributed network. Since the mainnet launch in July 2020, Pocket Network has proven its high stability and fast service while ensuring the longest uptime for dApps.

More Web3 projects are turning to decentralized service providers represented by Pocket.

The Web3 world is thriving, with decentralized applications gradually replacing traditional centralized solutions in areas like transactions, data storage, and wallets. Decentralized RPC networks are key to breaking through the current centralized bottleneck in Web3 infrastructure, thus providing services to users in a more decentralized manner, moving towards fundamental freedom and open transactions.

In the current Web3 stack, all dApps and end users either access blockchain data directly or indirectly through RPC services. For dApps, fast and stable RPC services ensure service quality, while for end users, RPC services are also a critical factor affecting experience. Currently, most RPC services are provided by centralized companies, which create numerous single points of failure. When these centralized services go down, dApps relying on them cannot access blockchain data, and end users cannot access dApps.

Pocket Network focuses on building decentralized Web3 infrastructure that serves everyone, addressing the aforementioned pain points. It currently supports dozens of blockchains, including Ethereum, Polygon, Harmony, BSC, Fantom, Avalanche, Solana, Near, and thousands of dApps like AAVE.

Developers can mint Meter endpoints in the Pocket Portal and start their building journey:
https://www.portal.pokt.network/

Original article:
https://www.blog.pokt.network/pocket-network-supports-meter/

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