The post Meter Blockchain Leapfrogs to HotStuff 2.0 – Embracing Lightning-Fast Transactions appeared on BitcoinEthereumNews.com.

Palo Alto, California Experience the remarkable performance boost with the HotStuff 2.0 consensus upgrade. Meter, the decentralized high-performance EVM blockchain that pioneered the permissionless flatcoin linked to competitive electricity price, announces a groundbreaking consensus upgrade to the HotStuff 2.0 protocol. Introduced in April 2023, the cutting-edge HotStuff 2.0 consensus protocol represents the latest evolution in BFT (Byzantine Fault Tolerance) protocols. Developed as an enhancement of the original HotStuff protocol – which was recognized for superior performance and resilience against malicious attacks and network challenges – HotStuff 2.0 brings exceptional efficiency with significantly reduced finality latency and transaction confirmation times. The upgrade underscores Meter’s commitment to providing its users with the ultimate decentralized and high-performance trading experience. A consensus protocol, at its core, is a set of rules and processes that govern how nodes in a blockchain network agree on the validity and order of transactions. It is crucial in blockchain systems to ensure all participants in a decentralized network reach a common agreement, maintaining the integrity and consistency of the blockchain. Meter – driven by a vision to realize Satoshi’s original concept of creating sound money independent of the fiat system – chose HotStuff as its foundational consensus protocol. Launched in July 2020, Meter mainnet became the industry’s first fully decentralized HotStuff public network, supporting the EVM (Ethereum virtual machine) and operating securely with over 340 – scalable to tens of thousands – community-maintained validator nodes. With the successful upgrade to HotStuff 2.0 on December 1, 2023, Meter mainnet has achieved a notable 50% reduction in transaction confirmation time compared to its previous version. Users can now enjoy lightning-fast interactions akin to central Ethereum layer two rollups like Arbitrum, all while benefiting from the security and censorship resistance inherent in a decentralized layer one blockchain when engaging in DeFi (decentralized…

---

Filed under: News - @ December 19, 2023 6:12 pm