Cryptopedia - Meter Stable
Created by Meter.io, Meter is described as the first form of uncensorable money that operates independently of fiat systems, offers speed, and maintains metastable value. The design aims to preserve purchasing power by anchoring MTR to the price of 10 KWH of electricity, a metric the source claims has proven more stable against inflation than any fiat currency over the last 60 years.
Every MTR is generated through the consumption of 10 KWH of electricity via SHA256 Proof-of-Work (PoW). The token's equilibrium price economics stem from production costs and the arbitrage activities of PoW miners.
Key Highlights:
- Sound Economic Model a. Stability achieved through economic incentives b. Resistant to inflation c. Supply is elastic
- Truly Permissionless a. Supply is determined by miner arbitrage behavior
- Referenced to physical world a. Each MTR is mined by consuming 10 KWH of electricity using SHA256 PoW
- True Interoperability & Scalability a. Meter Passport b. Meter Tesla Mainnet