A blockchain for Web3 beyond blockchains.
We are building a clean-slate L1 for a decentralized, secure, and private internet beyond blockchains.
Learn more about our vision — a vibrant ecosystem of full-stack decentralized apps freed from the current on-chain smart contract model.
Our beta mainnet is out, so you can start running nodes and developing protocols. And join our growing community:
Decentralization beyond blockchains .
Today, Web3's revolution is stuck inside blockchain smart contracts. Real apps running on your device — even Web3 frontends — still suffer under Web2's centralization and insecurity.
Mel presents a new paradigm: off-chain composability. Here, "Web3 protocol" and "dApp" aren't fancy names for smart contracts loosely taped onto a Web2 frontend.
Instead, they're next-generation network protocols and apps, none of which run on a blockchain, yet interacting with minimal on-chain code to achieve censorship resistance, radical decentralization, and user-aligned incentives.
Our off-chain composable visionUniversal, composable, and robustly neutral .
Conventional blockchains serve intricate smart contract ecosystems. This means complex protocols, messy governance, and unwieldy clients — bad news for composability between on-chain and off-chain.
Mel turns this model upside-down. Everything is designed for easy access not by smart contracts, but by regular non-blockchain programs. Trustless light clients easily power everything from naming systems to data storage networks.
And we get an elegant, minimal blockchain that distills blockchains' incentive-based trust: an immutable, credibly neutral, "code-is-law" engine that liberates us from contentious human governance.
How composability synergizes with neutralityThe first zero-trust, low-volatility currency.
The world we are building needs a new kind of money. Neither volatile cryptocurrencies nor oracle-backed fiat stablecoins point to our monetary future.
MEL is the first ever cryptocurrency that's both stable and trustless. Protocol-internal mechanisms dampen its value against computation time without any oracles.
A truly decentralized unit of account changes everything from payments to incentive design.
How we finally get "sound money"Off-chain composability means cross-chain composability.
Despite their deep differences, Mel's new paradigm and the existing Web3 ecosystem can interoperate. Cross-chain is just another kind of off-chain, so Mel light clients easily enable decentralized and trustless cross-chain interop.
As an official demo, we are building Szaldi, an autonomous relay protocol with EVM-compatible chains. Every Mel-based asset can be accessed on other chains in a trustlessly wrapped form.
This also means that wMEL will be the first truly crypto-native low-volatility asset in the current DeFi ecosystem.
Mint your first wMEL