Vladislav Sopov

MetisDAO, Layer 2 scalability protocol for Ethereum (ETH), invites all developers to try its alpha testnet instruments

Contents

  • MetisDAO launches alpha testnet, introduces Decentralized Autonomous Companies (DACs) concept
  • Why is this better than Layer 1?

MetisDAO decentralized project utilizes Metis Rollup, an optimized version of Optimistic Rollups, as instruments to scale Ethereum (ETH). This technology is among the most promising approaches to Ethereum scalability, so MetisDAO is pleased to invite all developers to explore its alpha testnet.

MetisDAO launches alpha testnet, introduces Decentralized Autonomous Companies (DACs) concept

According to a press release shared with U.Today, MetisDAO activates a new iteration of its testing network, an alpha testnet. At this stage, decentralized applications (including decentralized financial protocols, or DeFis) can be deployed to the MetisDAO platform.

Read Also:   Mike Novogratz’s Galaxy Digital to launch new Bitcoin fund in Canada
MetisDAO introduces DACs
Image by MetisDAO

MetisDAO utilizes Metis Rollups, cutting-edge mechanisms of Ethereum (ETH) scalability. This technological framework allows MetisDAO to onboard Decentralized Autonomous Organizations, or DACs, a new design in decentralized products.

The project’s team treats this alpha testnet as a final “dress rehearsal” before the launch of MetisDAO mainnet. So, all interested developers are welcome on MetisDAO with their dApps and DeFis.

Engineers emphasize that their infrastructure is suitable for the rollout of powerful, high-performance Ethereum-oriented decentralized ecosystems:

With a host of improvements over existing rollup-based solutions, Metis has the potential to become the infrastructure for a wealth of decentralized and business applications running on Ethereum.

Why is this better than Layer 1?

In their official announcement, MetisDAO representatives outlined that some functions of their system can be implemented only on Layer 2 scalability frameworks. Besides that, MetisDAO reconsiders the existing Layer 2 landscape with its novel instruments.

Read Also:   Mystery Behind $1 Bln Silk Road-Related Bitcoin Transfer Finally Unravels

Namely, Metis’ solution ensures the ultimate level of decentralization as it utilizes multiple virtual machines. MetisDAO privacy is strengthened by transferring critical data through the Inter-Planetary File System (IPFS).

Nearly-instant withdrawal times make MetisDAO platform suitable for sophisticated use cases, including micropayments, business applications, and high-load decentralized social media.


Download MAXBIT Android App, Your best source of all crypto news!
Google Play

Source link


Ethereum Scalability Project MetisDAO Launches Public Alpha Testnet: Details

by Alex Dovbnya
Choose A Format
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format