What is special about Ethereum’s L2 Metis? The right moment has come to de-obfuscate its tech design and economics with Tom Ngo
As the hotly-anticipated upgrade of Dencun is finally live, a new life is injected into the segment of EVM L2s. Metis, a high-performance general purpose Ethereum scaling solution, is also on the cusp of major announcements. As such, we sat down with Tom Ngo, CEO at Metis to discuss what’s next for the project, L2 scene, and Web3 as a whole.
U.Today: Please share the basic tech concept of the Metis L2 blockchain.
Tom Ngo: Metis is an Ethereum Layer 2, meaning that it leverages Ethereum’s security and decentralization while drastically lowering transaction fees. This opens the door for a larger number of individuals to interact with Ethereum while also enabling a wider range of possibilities for dApps (social dApps, for example). Metis is properly aligning incentives across all network participants, and redefining what can be done on Ethereum.
U.Today: What are its main differences from other L2s?
Tom Ngo: Metis is the first L2 solution on Ethereum to decentralize its sequencer, which enables enhanced security, enhanced liveness, and revenue sharing for METIS lockers. Metis will implement Hybrid Rollups, which will merge the benefits of fast confirmations and EVM equivalence of Optimistic Rollups with enhanced security, censorship resistance, and fast finality of ZK Rollups.
