A Smarter Blockchain
Metriq is a next-generation Web3 platform designed to make blockchain fast, scalable, and accessible.
Powered by a Federated Byzantine Agreement (FBA) consensus model, Metriq enables scalable, and low-cost transactions.
With support for over a million transactions per second (Tx/s) in a single payment channel, Metriq is built to handle real-world commerce at scale.
What is FBA?
Federated Byzantine Agreement (FBA) is a consensus mechanism used by Metriq to maintain our blockchain—without relying on mining (Proof of Work) or staking (Proof of Stake). It is an evolution of Byzantine Fault Tolerance (BFT), designed for open and permissionless networks where participants decide whom they trust (hence “federated”). Metriq’s implementation of FBA is inspired by the Stellar Consensus Protocol (SCP), which prioritizes speed, decentralization, and fault tolerance while preventing issues like double-spending.
Unlike traditional blockchains where all nodes must agree on the validity of transactions (which can slow things down), FBA allows every validator (node) to select their own group of other trusted nodes, known as a quorum slice. These quorum slices overlap, forming a decentralized web of trust that enables consensus to emerge organically without a central authority. Because FBA does not rely on computationally expensive mining, transactions on Metriq are confirmed much faster than traditional blockchain networks, making it an efficient and scalable solution for real-world applications.
What can you do on the Metriq Network?
Metriq is a fast, scalable, and low-cost blockchain platform designed to power real-world applications. Whether you’re a business looking for seamless transactions and automation, or a consumer seeking borderless, nearly fee-free digital interactions, Metriq provides the infrastructure to build, connect, and innovate.
- Digital Wallets
- Asset Tokenization and Digital Goods
- Supply Chain and Trade Traceability
- Smart Contracts and Automated Agreements
- Decentralized Applications (dApps)
- Verifiable Digital Goods and Ownership
- Decentralized Marketplaces and Direct Commerce
- Digital Identity and Verification
The METRIQ coin
METRIQ is the native coin of the Metriq Network, serving several key functions essential for the network’s operations and sustainability. As a utility token, it plays a vital role in executing network operations and maintaining the ecosystem’s efficiency and security.
Measuring Progress
Committed to transparency, anyone can observe our progress towards our goals in real time.
Metriq Century Fund
A century-long fund that supports Metriq. The Fund is split into 9Gm annual amounts to be used for various purposes, including funding development, maintenance, support, venture- capital, and public benefit campaigns.
Development
Grams used for the development fund to directly build, maintain, and advocate for the Metriq ecosystem. This fund covers employee salaries, rent, overhead expenses, travel, servers, and other operating costs.
Network Growth
METRIQ coin used to support teams, developers, and other projects that are strengthening the ecosystem. Anyone can submit a proposal. The Grants Committee will evaluate applications, and follow up with those that fulfill current ecosystem needs.
Network Support
The goal is to put more METRIQ into the hands of real users. The fund may also be used to provide marketing, PR, and communications for Metriq and the projects building on the network. Metriq will source its own candidates for the Network Support Fund.
Enterprise Fund
Fund used to invest in businesses that have potential for the ecosystem. Any proceeds will be cycled back into Metriq. METRIQ coin might be directly invested into projects or sold for currency to invest. There is no public application.
Public Benefit
15% percent of Metriq’s initial seed budget is set aside for direct investment in science, conservation, and charity. Anyone can submit a proposal to be evaluated by the Metriq Grants Committee (coming soon).
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