MetisDAO provides a Layer 2 scaling solution for Ethereum, designed to improve transaction speeds and reduce costs, making it more suitable for a variety of applications, from decentralized apps (dApps) to digital organizations.
The protocol integrates several advanced features such as NFT bridging, the Metis testnet, and support for Graph and Metis Nodes.
MetisDAO uses messaging contracts for communication between Layer 1 (L1) and Layer 2 (L2), to handle the passing of messages and transaction ordering. The rollup contracts on L1 maintain a record of transaction sequences and commitments to associated L2 state roots, essential for the integrity and verification of transactions passed up from L2.
The protocol employs a verification system that acts as a security measure, verifying the state root batches submitted by proposers, ensuring the accuracy and legitimacy of the transaction records.
On Layer 2, Metis facilitates the efficient execution of complex operations. The predeploy contracts on L2 handle specific operations similar to Ethereum precompiles, written in Solidity, and include essential functionalities like whitelisting and gas price management.
L2 also features a standard bridge mechanism for ETH and ERC20 tokens, allowing smooth transitions between L1 and L2. The token factory supports the creation of standard token representations on L2.
The MVM underpins the Metis protocol with a set of verified contracts that ensure compatibility and efficient execution akin to the Ethereum Virtual Machine (EVM). It uses Optimistic Rollups to enhance transaction processing, reducing wait times significantly.
MetisDAO’s L1 verification process helps to maintain network integrity. It includes contracts that manage the verification of state roots proposed by L2, rewarding verifiers and managing disputes effectively.
On L2, the protocol includes measures to prevent fraud and ensure transaction security. Contracts like the OVM_SequencerFeeVault manage fees, and the OVM_L2ToL1MessagePasser ensures secure message passing to L1.
Highlights
MetisDAO provides a Layer 2 scaling solution for Ethereum, designed to improve transaction speeds and reduce costs, making it more suitable for a variety of applications, from decentralized apps (dApps) to digital organizations.
The protocol integrates several advanced features such as NFT bridging, the Metis testnet, and support for Graph and Metis Nodes.
MetisDAO uses messaging contracts for communication between Layer 1 (L1) and Layer 2 (L2), to handle the passing of messages and transaction ordering. The rollup contracts on L1 maintain a record of transaction sequences and commitments to associated L2 state roots, essential for the integrity and verification of transactions passed up from L2.
The protocol employs a verification system that acts as a security measure, verifying the state root batches submitted by proposers, ensuring the accuracy and legitimacy of the transaction records.
On Layer 2, Metis facilitates the efficient execution of complex operations. The predeploy contracts on L2 handle specific operations similar to Ethereum precompiles, written in Solidity, and include essential functionalities like whitelisting and gas price management.
L2 also features a standard bridge mechanism for ETH and ERC20 tokens, allowing smooth transitions between L1 and L2. The token factory supports the creation of standard token representations on L2.
The MVM underpins the Metis protocol with a set of verified contracts that ensure compatibility and efficient execution akin to the Ethereum Virtual Machine (EVM). It uses Optimistic Rollups to enhance transaction processing, reducing wait times significantly.
MetisDAO’s L1 verification process helps to maintain network integrity. It includes contracts that manage the verification of state roots proposed by L2, rewarding verifiers and managing disputes effectively.
On L2, the protocol includes measures to prevent fraud and ensure transaction security. Contracts like the OVM_SequencerFeeVault manage fees, and the OVM_L2ToL1MessagePasser ensures secure message passing to L1.
Highlights