About MethChain 🌍

What is MethChain?

MethChain is an Ethereum Layer 2 blockchain that enables high speed transactions and scalable staking rewards while keeping Ethereum’s security intact. Instead of performing every transaction directly on Ethereum (which can be slow and expensive), MethChain processes transactions off chain and periodically submits batches to Ethereum.

This Layer 2 rollup approach ensures that users can stake, earn, and transact with minimal fees while still benefiting from Ethereum’s decentralized security.

How Does MethChain Work?

MethChain operates as a Layer 2 network that enhances Ethereum by offering faster transactions, lower fees, and seamless DeFi interactions while maintaining Ethereum’s security.

Ethereum Layer 1:

✅ $PEPD exists as an ERC-20 token on Ethereum. ✅ Users can bridge assets to MethChain for faster and cheaper transactions. ✅ Ethereum provides the security and decentralization for the network.

MethChain Layer 2:

✅ mETH is the native asset used for transactions and DeFi interactions. ✅ Transactions are processed off chain and periodically settled on Ethereum for security. ✅ Users benefit from instant transactions and minimal fees while using MethChain.

Bridging System:

✅ Users can bridge assets between Ethereum and MethChain using the official bridge. ✅ mETH can be moved between Layer 2 and Layer 1, ensuring full interoperability with Ethereum. ✅ Assets bridged back to Ethereum are wrapped (wMETH) for use in Ethereum-based DeFi protocols.