In the world of digital assets, the arrival of the second phase of Metis is like lifting a mysterious veil, revealing the potential of decentralized sorters and the infinite possibilities of the LST ecosystem. Let us embark on this journey of exploration of innovation and change, and explore the excavation of decentralized sorters and the wonderful world of LST ecology.

With the continuous evolution of blockchain technology, decentralized sorters have attracted much attention as a new generation of digital asset sorting tools. With the support of blockchain technology, decentralized sorters have realized a trustless sorting system, providing a more efficient and secure solution for the transaction and management of digital assets. The continuous improvement of blockchain platforms such as Ethereum and Polkadot has provided a solid foundation for the excavation of decentralized sorters. For example, Ethereum's smart contract technology provides the possibility for the intelligent operation of decentralized sorters, making the sorting and management of digital assets more convenient and efficient.

Behind the decentralized sorter, the LST ecosystem is like a vibrant digital asset paradise, attracting more and more digital asset enthusiasts and investors. As the core token of the LST ecosystem, LST (Life Stable Token) has attracted the attention of many users with its unique mechanism and stability. Through the LST ecosystem, users can participate in the transaction and management of various digital assets to achieve asset appreciation and risk diversification. At the same time, the community building and governance mechanism of the LST ecosystem also provide users with more opportunities for participation and decision-making, building an open and shared digital asset ecosystem.

As the digital asset market continues to expand and develop, the combination of decentralized sorters and the LST ecosystem will bring more possibilities for the future of digital assets. Through the development of decentralized sorters, the sorting and management of digital assets will become more intelligent and convenient, providing users with better trading experience and asset appreciation opportunities. As an important part of the digital asset ecosystem, the LST ecosystem will continue to attract more users to join and promote the healthy development of the digital asset market.

In this vibrant and innovative digital asset world, the arrival of the second phase of Metis will undoubtedly inject new impetus and vitality into the development of decentralized sorters and the LST ecosystem. Let us look forward to the future of decentralized sorters and the LST ecosystem, explore more possibilities in the digital asset world, and open a new chapter in the digital asset journey.

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Coin Circle (120bTC.coM): Metis has entered the second stage of development. Decentralized sequencers will be able to conduct sequencer mining to obtain METIS tokens as rewards. Ordinary users can also participate through the LST protocol, which can be said to be an important step in the economic development of the Metis network.

Metis decentralized sequencer innovation

Metis is a Layer2 network based on the Optimistic Rollups architecture of the Ethereum ecosystem. Unlike the existing mainstream Layer2 competitors, Metis uses the decentralization of sequencers as a selling point to attract market funds. Therefore, whether it is a virtual machine or a consensus mechanism, it is modified with this goal in mind.

The ideal state is to use the PoS economic model to ensure the security of the decentralized sequencer network. However, in the first phase of Metis, only whitelist sequencers were allowed to join, and the mining mechanism was not yet open.

Metis Phase II Update Content

Yesterday, the Metis team announced that the network will enter the second phase of development. After the network hard forks, three new features will be introduced:

 Multiple transactions in the same block

 Transaction pool

 Sorter mining

Multiple transactions in the same block

Before the second phase, to ensure the normal operation of the decentralized sorter, the Metis network only had one transaction per block. After the hard fork, a block will be able to carry multiple transactions, thereby increasing network throughput. Even during peak periods, transactions have a fixed confirmation time of 2 seconds.

Transaction pool

The transaction pool is a private transaction pool for the sorter node, just like the Ethereum memory pool, where transactions are added to the memory pool and wait for the node to be packaged into the block. This is also an important component of the 2-second fixed confirmation time of the Metis network.

Multiple transactions and transaction pools in the same block will help reduce the cost of Metis block production. But in fact, this can be said to be the basic supporting facilities of the current public chain. The real innovation of this stage lies in the third point.

Sorter mining

Sorter mining can be said to be the most important concept introduced in the second phase, because it will allow the Metis network to correctly adjust the incentives of all network participants. In the future, the sorter nodes can receive corresponding METIS tokens as rewards for processing transactions and generating blocks on Metis and packaging them to the Ethereum mainnet.

Application process for Metis sorter

In addition to attracting more professional nodes to join the Metis network, the LST service can also attract general users to stake METIS tokens for mining to participate in protecting network security, just like the relationship between Ethereum and Lido.

General users can stake Metis to the LST protocol to participate in network staking

Currently, the Metis community has selected Artemis Finance and Enki
Protocol as the two LST protocols in the Alpha phase. Now users can stake METIS tokens on their front-end interface to indirectly obtain network mining rewards and obtain liquid staking tokens artMETIS or seMETIS.

In the first year, the sorter nodes will have a mining reward rate of 20%. In order to maximize the attraction of METIS token holders to join, the team launched the Metis Liquid Staking
Blitz (LSB) event to accelerate the growth of LST and LST-related projects on the Metis network.

Sorter mining helps improve token utility

Compared to other Rollups, the Metis network uses the decentralization and staking mining mechanism of the sorter to provide greater utility for its native tokens. It is indeed a good experiment and a new technology narrative that helps to break through the limitations of the four Layer2s.

However, sorter mining is just the beginning. The real challenge for Metis is how to coordinate the interests of all parties in the ecosystem. Therefore, how to distribute token economics will be a top priority.

Now the team plans to attract nodes to join by fixing the reward rate, and at the same time, include general users through the LST project. It seems that it can indeed maintain the normal operation of the network for a period of time. However, whether the long-term network ecology can be sound still tests its ecological development progress.