Metis Crypto Enables Layer 2 Solution For Ethereum Blockchain Metis Crypto Protocol is a revolutionary crypto project which is a part of Layer 2 Scaling solutions for the Ethereum Blockchain. The Metis Protocol was founded in 2019 by Elena Sinelnikova, Kevin Liu, and Yuan Su, and officially launched on November 17, 2021. The Metis Crypto Protocol transforms not only the Ethereum Blockchain it seeks to create an efficient and affordable infrastructure for the whole Crypto Ecosystem which includes Web3 Economy, Blockchain and DeFi networks.

1. Metis Crypto Transforms Ethereum
Blockchain with Andromeda
Metis Crypto Enables Layer 2 Solution For Ethereum
Blockchain
Metis Crypto Protocol is a revolutionary crypto project which is a part of Layer 2 Scaling
solutions for the Ethereum Blockchain. The Metis Protocol was founded in 2019 by
Elena Sinelnikova, Kevin Liu, and Yuan Su, and officially launched on November 17,
2021. The Metis Crypto Protocol transforms not only the Ethereum Blockchain it seeks
to create an efficient and affordable infrastructure for the whole Crypto Ecosystem
which includes Web3 Economy, Blockchain and DeFi networks.

2. Which problems were solved by Metis Crypto Protocol?
The Metis Crypto Protocol is a Layer 2 Scaling Solution for the problems faced by
Ethereum Blockchain.
The Ethereum blockchain faces notable challenges, primarily revolving around its
limited transaction processing capacity, averaging around 13 to 14 transactions per
second (TPS). Users encounter escalating fees due to the blockchain's congestion
during periods of heightened demand, stemming from the varying computing power
required for operations and the influx of stakeholders. This congestion leads to slower
transaction speeds and increased costs for users, particularly during peak times.
Layer-2 scaling solutions like the Metis protocol aim to alleviate these issues by
offloading transactions to a secondary layer for processing, thus reducing congestion
on the Ethereum blockchain.
Metis Crypto’s Andromeda:- Andromeda is Metis’s blockchain framework and Metis
relies on Andromeda to leverage access to the Ethereum network.
Features and Solutions Offered by Metis Crypto Protocol
1. NFT Bridge and Storage Solution:- Metis’ NFT bridge facilitates the seamless
transfer of NFTs between the Ethereum blockchain and Metis’ Andromeda
network. This feature empowers users to mint NFTs on Metis, potentially
reducing minting costs, and subsequently transferring them to Ethereum.
Conversely, users can mint NFTs on Ethereum and transfer them to Metis.
Additionally, the Metis crypto protocol provides NFT storage through integration
with the InterPlanetary File System (IPFS), a decentralized file storage system.

3. 2. Framework for Decentralized Autonomous Companies: - Metis provides a
technological infrastructure for the DAC, its version of a decentralized
autonomous organization (DAO). Designed to address governance challenges,
organizational management, and incentive alignment, the Metis DAC framework
expects to enhance DAOs through reputation systems. Metis outlines that
individuals wishing to join a DAC must possess the DAC's token and stake a
portion of those tokens in advance. This stipulation aims to screen potential
members to safeguard the organization. Members accrue reputation points by
staking tokens over time, thereby maintaining their reputation within the DAC.
3. Polis Platform:- Metis presents Polis, a middleware platform crafted to aid
developers in managing the smart contracts deployed on Metis. For end users,
Polis manifests as a web wallet, documenting transaction records. Metis
envisions leveraging this transaction history to potentially generate "reputation
power," which could offer advantages to users engaging in collaborative efforts
within DACs.
What is $METIS Token?
Metis Token is the governance token of Metis Crypto Protocol with a Market cap of
$590.83 Million and is currently trading at $112. The Metis Token serves various
functions including as the fundamental token of Andromeda Blockchain for validating
and processing of transaction. It is also used as a gas fee on the Metis Andromeda
network, providing users with flexibility and convenience and we can also stake $METIS
Token to earn rewards.

4. What’s New in the Metis Crypto Protocol?
1. First Ever Decentralized Sequencer - Metis became the first Ethereum Layer 2
solution to decentralize its sequencer which marks a revolutionary shift for the
entire crypto ecosystem. A decentralized sequencer is a system that is run by
multiple entities across different countries, instead of a single entity. This means
that there is no single point of attributability and that there is more fairness in
opportunities to sequence blocks. It contributes to a more transparent and stable
network, making it harder for malicious actors to compromise transaction
censorship/reordering, and ensuring that network operations won’t ever go
offline. At present there are two (2) sequencers, both run by the Metis
Foundation, operated by Artemis Finance, and Enki Protocol. Throughout the next
few weeks and months, there will be more nodes, as well as LST providers,
integrating the decentralized sequencer model employed by Metis.
2. Hercules DEX - Hercules, a community-first, capital-efficient, and flexible DEX
backed by the MetisEDF, will launch on Metis on March 18. Hercules aims to
become the native liquidity layer for the Metis Andromeda network. It is a
sophisticated decentralized exchange (DEX) that prioritizes sticky liquidity and
offers real incentives to its users. Unlike other DEXs that concentrate on
transferring funds, Hercules provides innovative features that make it versatile.
The platform is built to be adaptable, allowing project creators to set up exclusive
rewards and ensure enough liquidity is always available for trading. Meanwhile,
users can earn actual profits on their investments, contributing to the growth of
the entire Metis ecosystem by increasing the funds available for trading directly
on the blockchain.

5. Conclusion
In Conclusion, Metis Crypto Protocol tackles Ethereum's scalability issues with Layer 2
solutions like Andromeda, easing congestion and costs. Offering seamless NFT
transfers, DAC infrastructure, and smart contract management via Polis, it enhances
user experience. $METIS token serves governance and utility roles. Recent
decentralization of the sequencer improves network transparency and security.
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