Metis (METIS) Price
About Metis (METIS)
Metis is an Ethereum rollup with the goal of improving scalability and lowering fees. Metis uses multiple sequencers that pool transactions back to the Ethereum mainnet. These sequencers are called Decentralized Autonomous Companies (DACs). DACs confirm transactions by operating nodes and staking METIS tokens using a form of Proof-of-Stake (PoS) consensus mechanism.
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About Metis (METIS)
Metis is an Ethereum rollup with the goal of improving scalability and lowering fees. Metis uses multiple sequencers that pool transactions back to the Ethereum mainnet. These sequencers are called Decentralized Autonomous Companies (DACs). DACs confirm transactions by operating nodes and staking METIS tokens using a form of Proof-of-Stake (PoS) consensus mechanism.
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Frequently asked questions
Metis Token
METIS is an ERC-20 utility token compliant with the Ethereum network. The primary functionality of the METIS token is to 1) stake for DACs to sequence transactions and 2) pay transaction fees/gas on the Metis network. METIS has also been used to incentivize developer activity on MetisDAO.
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