- Metis launches the Andromeda Upgrade on May 14.
- Boosts security and decentralization.
- Impacts METIS and bridged ERC-20 tokens.
Metis has introduced the Andromeda Upgrade designed to bolster decentralization and security within its Layer 2 framework. This upgrade is a critical step in the Metis ReGenesis evolution, incorporating fraud proofs and data availability migration to Ethereum.
The core development team, led by Elena Sinelnikova, spearheads this initiative, marking a shift toward decentralization and improved security for developers and users alike. The upgrade includes financial implications for METIS tokens and associated ERC-20 assets.
The next evolution of Metis Layer 2 begins on May 14, with the activation of the Andromeda Upgrade—the first phase of the Metis ReGenesis evolution. This milestone introduces two groundbreaking components: Fraud Proofs and Data Availability migration to Ethereum.
— Metis Core Team, Official Blog
The upgrade is expected to lower transaction costs, enhancing economic efficiency for users by implementing Proto-Danksharding. Sequences in the Metis network become more secure, aligning closely with Ethereum’s enhancements.
This shift positions Metis as a leading Layer 2 solution, anticipated to boost DeFi activity by reducing fees. Historical trends suggest upgrades aligning with Ethereum’s advancement result in increased user confidence.
Insights suggest significant technological impact and potential increased DeFi participation. Such upgrades often influence positive user confidence and market activity. Metis aims to provide better security and align with Ethereum’s advancements, crucial for future growth.
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