Metis

METIS

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Metis
The Metis rollup for Ethereum aims to increase scalability and reduce fees. A number of sequencers are used by Metis to pool transactions back to the Ethereum mainnet. Decentralized Autonomous Companies (DACs) are the term used for these sequencers. By running nodes and staking METIS tokens via a Proof-of-Stake (PoS) consensus method, DACs verify transactions. METIS is an Ethereum network-compliant ERC-20 utility coin. The two main purposes of the METIS token are to 1) pay transaction fees and gas on the Metis network and 2) stake for DACs to order transactions. Additionally, Metis has been utilized to reward developer involvement on MetisDAO.
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