What is Vitalik Buterin Fortified Altcoin METIS? Why Did It Increase?

What is Vitalik Buterin Fortified Altcoin METIS?  Why Did It Increase?
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The token created by Vitalik Buterin’s mother started to rise.

This is not the first crypto experience

This week has started off well for cryptocurrency investors. Bitcoin (BTC) and altcoins have managed to stay on the optimistic side. However, while BTC is going through modest bullish moments, other cryptocurrencies are rising with impressive weekly growth, one of which is MetisDAO (METIS).

The altcoin has gained 20% in the last seven days. But before we know what this token is and what might have triggered its growth, there’s a priceless curiosity to note. MetisDAO was started with the participation of a lady named Natalia Ameline. But why is this valuable? Because she is the mother of Vitalik Buterin, co-founder of Ethereum (ETH).

Buterin

However, those who think that Ameline is only interested in the METIS token are wrong. His journey in the crypto market was marked by the non-profit organization CryptoChicks, which he co-founded with Elena Sinelnikova. This association focuses on educating women so they can increase their leadership potential in blockchain and technology.

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What is METIS and how did it come about?

MetisDAO’s idea is precisely to solve Ethereum’s scalability problems. In this sense, the project is tier 2 of the Optimistic Rollup type, so it manages to leverage gas rates and streamline the process process of the ETH blockchain. The mainnet launch was handled by Metis Labs, a member of Genesi DAC, a decentralized autonomous company (DAC) led by Ameline.

Metis has a decentralized storage used for collection data and fraud-proof query processes. This storage allows many processes to be pooled simultaneously, thus reducing the cost of each transfer. This makes layer-2 stand out in many areas such as:

  • Low gas rates.
  • Great at DeFi.
  • Excellent NFT experience.
  • More functionality for decentralized applications.
What is Vitalik Buterin Fortified Altcoin METIS? Why Did It Increase?

Another valuable goal of Metis is to create more robust DAOs that actually generate a price. In this sense, the project aims to transform DAOs into DACs, which are decentralized autonomous companies. In short, the second mode is created with rules like a computer program but in a transparent form.

Community members control DACs. In other words, they can work even like the companies seen in the classical market with their administration and HR functions, but they do not have a centralizing figure. Everything can be done in a transparent form through blockchain smart contracts.

Projects related to Metis

The scalability analyzes provided by Metis allow multiple projects to exist on its platform. NetSwap decentralized exchange (DEX) is one of the dApps available on Metis. DEX has a fast swap and gas prices cost pennies.

What is Vitalik Buterin Fortified Altcoin METIS? Why Did It Increase?

Yet another Metis project linked to the decentralized finance branch is Hera Finance, a DEX aggregator that connects AMM pools regardless of the provider, facilitating the crypto trader who wants to trade at the most attractive market rates.

What is behind the 20% increase in METIS token?

First, the crypto market is experiencing relief in the first days of 2023. Because of this, the prices of several altcoins are rising and this optimism has helped METIS become one of the highlights. METIS is trading at $20.6, up 5.11 percent in the last 24 hours

Second, the token may be receiving some of the capital flowing into Tier 2 projects such as Polygon (MATIC) and Optimism (OP), which have increased 10% and 31% respectively in a week.

What is Vitalik Buterin Fortified Altcoin METIS? Why Did It Increase?

The scalability analytics division could come to the fore this year as it could help Ethereum’s blockchain gain more efficiency. It is a complete option for investors and developers who do not want to give up the security of the leading altcoin by going to an ETH competitor, but also do not want to lose their money with high gas prices.

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