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When the Ethereum (ETH) blockchain completed its switch to the proof of stake (PoS) block validation model in September 2022, there was a widespread expectation that its platform's notorious network congestion and high gas fees would decline significantly. Unfortunately, the reality turned out to be very different as both problems, particularly the issue of high fees, remain to this day.
This ongoing situation has boosted the profile of Layer 2 protocols linked to Ethereum that promise to solve both overarching problems. The majority of these Layer 2 platforms do provide significant scalability, speed and cost benefits, and the race to be the most efficient solution in the space is heating up. Among these platforms, Metis stands out as a clear champion in terms of transaction costs, an issue of the utmost importance for most Ethereum users.
Also known as Metis Andromeda, Metis is a Layer 2 scaling solution for Ethereum that features the lowest transaction costs in this competitive niche.
It has a unique hybrid rollup architecture, which combines the features of optimistic and zero-knowledge (ZK) rollups. This helps the platform achieve tremendous speed and cost efficiency while enhancing the security and privacy of transactions.
Metis also features several other unique features, such as EVM equivalence, decentralized off-chain processing and decentralized storage.
Metis (METIS), also referred to as Metis Andromeda, is a Layer 2 platform serving Ethereum that features a number of distinct properties, such as EVM (Ethereum virtual machine) equivalence, complete off-chain decentralization, decentralized storage and a hybrid rollup mechanism. Metis's unique hybrid rollup architecture combines the elements of the two prevalent rollup models — optimistic and zero-knowledge (ZK).