Frequently Asked Questions (FAQ)
❓ What is MethChain, and how does it work?
MethChain is a Layer 2 blockchain designed to enhance Ethereum’s scalability by providing faster transactions and lower fees while maintaining Ethereum’s security. Transactions on MethChain are processed off chain and periodically settled on Ethereum, ensuring efficiency without compromising decentralization.
❓ What’s the difference between mETH and $PEPD?
mETH is the native currency of MethChain, used to pay for transaction fees and interact with DeFi applications.
$PEPD is an ERC-20 token on Ethereum that serves as the ecosystem’s governance and utility token.
❓ How do I transfer assets between Ethereum and MethChain?
Users can transfer assets using the MethChain Bridge:
Connect your wallet (e.g., MetaMask).
Select the asset you want to transfer (e.g., $PEPD or mETH).
Confirm the transaction on Ethereum, and assets will appear on MethChain.
To return assets, follow the same process in reverse.
❓ Are there fees for using MethChain?
Yes, but fees are significantly lower than on Ethereum. Transactions on MethChain require mETH as gas, making them faster and cheaper than Ethereum’s Layer 1 fees.
❓ How can I participate in MethChain’s governance?
MethChain is community driven, and $PEPD holders can vote on network proposals, protocol upgrades, and treasury allocations. Governance participation will be handled through a DAO (Decentralized Autonomous Organization) where users can stake $PEPD to have a say in network decisions.
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