Blockchain
Meter: Changing the Way the World Uses Money
Meter enables decentralized finance through its stable cryptocurrency, wallet and platform, is launching a truly decentralized, censorship-resistant, high-speed consensus design. By dividing power for blockchain currency creators and record keepers, Meter has created a revolutionary “proof-of-value” blockchain validation system. This advancement fulfills the original decentralized vision started by Bitcoin, while adding needed stability and security. Meter’s testnet is active, and their cryptocurrency wallet is easy to use, allowing for quick on-boarding with no crypto knowledge needed.
Meter was co-founded by Xiaohan Zhu, Young Yu, and Jun Xu. They all believed in the original vision of a decentralized, blockchain-focused system of currency; all envisioned a revolution in the stablecoin ecosystems that consistently fall prey to attacks. As part of the DeFi movement, Meter’s platform offers a badly needed application interface for the crypto world.
Meter has created a unique hybrid consenus model, called “proof-of-value”. All consensus protocols create an irrefutable system of agreement between various devices across a distributed, decentralized network. Meter has taken inspiration from previous proof-of-work and proof-of-stake systems to create a powerful hybrid that functions better than the originals.
“The pure proof-of-stake, it cannot exist because it’s too fragile, so we developed hybrid proof-of-stake,” said Young Yu, a former Cisco tech leader and Brocade principal engineer. “Pretty much my whole life, i’ve been working on routing protocols… the problem [with other decentralized projects] is the scalability, and wider availability. This is what we’re here to solve.”
“The approach we take in Meter is very different from the existing cryptocurrency projects, which are typically either by developers, academics, or cryptographers,” said Xiaohan Zhu, a Wharton Finance MBA, co-founder and CEO of Decentralized Finance Labs. “For Meter, we’re making a basic infrastructure, and we want to build on top of it, because this is just the base layer of unit of account settlement. There are a lot of financial system related things we can build on top.”
Meter has created the start of a financial ecosystem where we need not answer to central authorities to be approved for loans, manage our money, establish savings accounts or provide merchant services. Instead, a network of our peers will act to enforce and verify a decentralized, safe, efficient network of financial agreements that allow anyone with an internet connection to bank with confidence.
SOURCE Meter
The European Union’s landmark MiCA regulation is set to transform the crypto industry, establishing stringent standards that many current Virtual Asset Service Providers may find challenging to meet. As MiCA compliance becomes the standard for operating within the European Economic Area, crypto exchanges and asset companies must take prompt action to align their operations with these comprehensive regulations.
To support businesses in navigating this significant transition, an exclusive webinar “Adapt or Die: The Urgent Shift from VASP to MiCA” will be held on Tuesday, November 19th, 2024, at 5:00 PM (CET) time.
This session is designed to provide industry professionals with practical insights and strategies to ensure their software and operations comply with MiCA standards.
Key highlights of the webinar include:
● Detailed analysis of MiCA regulations and their implications for the crypto sector.
● Actionable steps for software adaptation to achieve MiCA compliance.
● Case study feature: How Kyrrex achieved MiCA readiness using solutions from Simplify Labs.
● Practical tools for Anti-Money Laundering, Know Your Customer processes, cybersecurity, and transaction monitoring.
The webinar will be useful for CEOs, COOs, Compliance Officers, Regulatory and Legal Professionals, Tech Managers, and Investors looking to enter or expand within the EEA market. Attendees will gain the knowledge and tools necessary to adapt and thrive under the new MiCA regulatory framework.
Featured speakers:
Vadim Rozov, CEO at Simplify Labs, brings over 20 years of management and software development experience. Under his leadership, the company is dedicated to simplifying crypto and blockchain technology, making it accessible for non-technical founders and management teams.
Kevin Plumpton, CEO at Kyrrex, is a warranted advocate with extensive expertise in finance, business, property, and international law. He specializes in corporate governance, risk, and compliance legislation, and is a prominent figure in the Anti-Money Laundering and Counter Financing of Terrorism fields. He is recognized for developing innovative KYC and due diligence platforms utilized by leading organizations.
“The crypto industry is at a critical juncture where understanding and adhering to MiCA regulations is essential for continued growth and market access,” said Kevin Plumpton, CEO at Kyrrex. “Events like these are vital for bringing together industry leaders to share knowledge and best practices, ensuring businesses can adapt effectively and sustain their operations.”
Franklin Cachia, Executive Director at CSB Group, is an accomplished professional who advises clients on taxation, financial services, AML compliance, and corporate law, among other areas. His broad expertise also encompasses gaming, GDPR, and property law.
The post Adapt or Die: The Urgent Shift from VASP to MiCA appeared first on .
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