Ethereum Meta (ETHM) is a cryptocurrency platform offering security and privacy to individuals using blockchain technology. The platform aims to offer a secure transport layer through which users can conduct untraceable transactions on the blockchain. In simple words, the project facilitates fully anonymous transactions.
According to the website, Ethereum Meta was developed to address the biggest weakness available on Ethereum, which is the lack of privacy. Due to this, the platform was developed by applying smart contract features. Smart contracts are just like regular contracts, however; instead of being drafted on paper, these contracts run in the form of protocols on the blockchain. These smart contracts allow users to initiate anonymous transactions between parties. Users can convert their non-anonymous (ETH) coins to Ethereum Meta (ETHM) to increase privacy.
Along with this, the platform also offers a mixing token facility in which Ethereum Meta mixes the transaction tokens by combining them with other wallets that are controlled by smart contracts. As a result, transparency and privacy of transactions are initiated. The users can access Ethereum Meta by transitioning their ETH wallets to the Ethereum Meta layer.
As the whitepaper states, the goal of Ethereum Meta is to convert the platform into a daily payment system in the anonymous marketplace based on the Tor browser. The platform is aiming to implement a zero-knowledge snark service to initiate transparency in the system. Zero-knowledge snark is cryptographic proof that allows a user to prove that an individual possesses certain transaction information without actually revealing the information. The technique is supposed to be useful in building new blocks on the blockchain.
ETHM is the native utility token available on the platform. This decentralized token is based on ERC-20 standards and is compatible with Binance Smart Chain, Polygon, and Avalanche blockchains as well. The goal of the platform is to turn ETHM token into a token for daily payments.
History of Ethereum Meta (ETHM)
Ethereum Meta was developed in 2018. As a part of the roadmap, the ecosystem developed Windows-, Linux-, and Mac-supported systems for users to trade the tokens on desktop. The total supply of ETHM is estimated to be 96,571,598 tokens.
How Are New ETHM Tokens Created?
Users can convert their tokens into ETHM tokens through usage of smart contracts. These ETHM tokens remain anonymous and can be sent to other users.
