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Cryptocurrency News Articles
Metis Token Prepares for Chainlink's Block Magic Hackathon, Hosts Deployment Workshop
May 10, 2024 at 11:11 am
CoindarMetis Token will participate in Chainlink's Block Magic Hackathon. On May 10th, they will conduct a workshop at 4 pm UTC to guide attendees on how to deploy a decentralized application on the Metis network using Scaffold ETH2. Metis is an Ethereum-based Layer 2 Rollup platform designed to address Ethereum mainnet's transaction speed, cost, and scalability limitations.
Metis Token Gears Up for Chainlink's Block Magic Hackathon, to Host Deployment Workshop
Metis, a Layer 2 Rollup platform built on the Ethereum network, is poised to take part in Chainlink's highly anticipated Block Magic Hackathon. The event culminates in a workshop hosted by Metis on May 10th at 4 pm UTC, with a focus on deploying decentralized applications (dApps) on the Metis network using Scaffold ETH2.
About Metis
Metis addresses key challenges faced by the Ethereum mainnet, particularly in the areas of transaction speed, cost, and scalability. By providing a framework for swift and effortless deployment of smart contracts within its network, Metis facilitates seamless and efficient operations on the Ethereum blockchain.
The cornerstone of Metis's offerings lies in its trio of essential features:
- Metis Oracles: These oracles bridge the gap between blockchains and external systems, supplying smart contracts with vital external information and enabling them to access real-time data from outside sources.
- Metis Nodes: By maintaining a comprehensive copy of the distributed network, Metis Nodes bolster security and reliability.
- Metis SubGraph: Acting as an indexing protocol, the Metis SubGraph gathers, processes, and stores data for utilization within the blockchain network. It facilitates effortless information retrieval through a service known as GraphQL.
These combined features solidify Metis's status as a trailblazer in enhancing the functionality and performance of the Ethereum network.
METIS Token
METIS is an ERC-20 governance token compatible with the Ethereum blockchain network. Its primary use cases are twofold:
- Transaction Fees: METIS tokens facilitate the payment of transaction fees on the Metis network.
- Staking: Token holders can stake their METIS tokens to participate in the platform's governance and earn rewards.
Hackathon Workshop
The upcoming Chainlink Block Magic Hackathon will serve as a platform for Metis to showcase its capabilities. During the workshop, participants will gain hands-on experience in deploying dApps on the Metis network using Scaffold ETH2. This opportunity to delve into the technicalities of Metis's platform will provide valuable insights into its potential and applications.
Conclusion
Metis's participation in the Chainlink Block Magic Hackathon underscores its commitment to innovation and its drive to address the challenges impeding the widespread adoption of blockchain technology. The workshop on May 10th will not only provide a glimpse into the potential of Metis but also empower developers to build and deploy dApps on its network. As the hackathon unfolds, Metis stands poised to make a significant contribution to the advancement of blockchain technology and its applications.
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