- Metis has just launched the Alpha test net for its Layer 2 Rollup Solution.
- The Alpha test net will give users exclusive access to try out special features.
- Users can create and manage their own decentralized apps on the platform.
Ethereum Layer 2 protocol Metis has just released details of its Rollup design and Alpha test net. It aims to empower decentralized businesses to create and manage their own DApps.
It is built using an optimal version of Optimistic Rollups and lets users launch their own decentralized applications. App owners can instruct the embedded frameworks of Decentralized Autonomous Companies (DACs) using the Metis Rollup and manage the apps from within. Metis also ensures that they are low-cost with high scalability and functionality.
The Alpha test net will give users exclusive access to try out some special features of the Metis Rollup ahead of the Layer 2’s mainnet launch.
Notably, leading developers such as Ethereum founder Vitalik Buterin promote rollups as the best solution for scaling Ethereum. They entail transactions batched into a single tx on Layer 2 and later broadcast to the main Ethereum network to ensure full finality.
Metis Rollup opens up a wide range of options, viewed as hard to apply on Layer 1. These include micropayments, business apps as well as incentivized social media DApps. These changes will support a thriving market between creators, influencers, and fans.
With its own Layer 2 launch, Metis solves many problems current options are facing. Mainly, it removes bottlenecks of painfully long waiting times from Layer 2 to Layer 1. By using multiple VMs, it gives greater decentralization and improves usability with enhanced privacy. It also utilizes a Rangers system to shorten withdrawal times.
What is more, it enables users to plug in various smart contract templates, tools, and processes. Its microservice feature allows an easy-to-build setup for this purpose. The decentralized platform-enthusiast recently completed its private A round of financing, raising $3 million to support this project. With its fresh ideas to improve and streamline existing rollup-based solutions, Metis has great potential.