Meter Blockchain Leapfrogs to HotStuff 2.0 – Embracing Lightning-Fast Transactions

5 views 9:06 am 0 Comments December 29, 2023

Palo Alto, California

Experience the remarkable performance boost with the HotStuff 2.0 consensus upgrade.

Meter, the decentralized high-performance EVM blockchain that pioneered the permissionless flatcoin linked to competitive electricity price, announces a groundbreaking consensus upgrade to the HotStuff 2.0 protocol.

Introduced in April 2023, the cutting-edge HotStuff 2.0 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 HotStuff 2.0 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 HotStuff 2.0 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 HotStuff 2.0 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 – we 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.

About Meter

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 HotStuff 2.0 public network, supporting the EVM (Ethereum virtual machine) and providing users with an unparalleled trading experience.

Follow to learn more about the project and stay up to date on our latest updates.

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