CoinVoice has recently learned that the Layer 2 scaling solution Metis announced that the second phase of its decentralized sequencer upgrade has been officially launched through a hard fork at block height 16500000. This upgrade mainly introduces new features such as multiple transactions within a block, transaction pools, and sequencer mining.
In this upgrade, Metis increases the number of transactions that can be included in a single block from 1 to multiple, and fixes the transaction confirmation time to 2 seconds. At the same time, a transaction pool is introduced to cache pending transactions. These two improvements will greatly increase network throughput and reduce block generation costs.
In addition, this upgrade also introduces a sequencer mining mechanism to better coordinate the incentives of all network participants. Sequencer nodes will receive METIS token rewards by sorting and packaging transactions and submitting them to the Ethereum mainnet. Users can stake METIS tokens to obtain liquidity staked tokens that can be used in other DeFi protocols as receipts.
Currently, the Metis community has selected Artemis Finance and Enki Protocol as the two liquidity staking service providers in the Alpha phase through the CEG mechanism. Users can now stake and mine through Artemis, and Enki will also be launched on the mainnet in the near future.
In the next year, sequencer nodes will receive 20% of mining rewards, and related DeFi products such as DEX liquidity pools and lending pools are also expected to bring more in-depth use scenarios to METIS staked token holders. Metis will also reach strategic cooperation with a number of crypto institutions to ensure the full decentralization and high participation of its decentralized sequencer. [Original link]
