Qitmeer Network's Advanced Layered Blockchain Empowers DeFi and Cross-Chain Connectivity

Qitmeer Network is a high-performance blockchain leveraging the MeerDAG consensus protocol, aimed at providing a secure and dependable infrastructure for distributed applications and the financial sector. Established in 2017, it employs a Layer1 combined with Layer2 architecture based on the BlockDAG consensus, allowing for high concurrency, smart contract functionality, and blockchain interoperability via a cross-chain hub, aspiring to build a broad and scalable blockchain environment. The platform features the MeerDAG protocol, a graph-based ledger system that enables parallel transaction processing, thereby boosting scalability and transaction capacity. Its layered structure integrates a Layer1 Proof-of-Work chain with a high-speed Layer2 subnetwork and a cross-chain hub, enhancing overall performance and interoperability. Moreover, MeerEVM provides a smart contract execution engine compatible with Ethereum, facilitating developer deployment. Qitmeer supports diverse applications such as DeFi, GameFi, SocialFi, Metaverse infrastructure, and the synergy of AI and blockchain. Its native token, Meer Coin (MEER), functions in governance, value transfer, micropayments, and smart contract fee coverage.