LeisureMeta is the latest addition to the burgeoning field of cryptocurrency and the blockchain universe. It operates as an NFT minting and trading DAO platform with the goal of overcoming some of the inherent constraints of existing blockchain platforms such as scalability, high gas fees and awkward user experience. The LeisureMeta project has issued its own utility token, known as the LM token, that is designed to stimulate the trade of NFTs and bolster their valuation.
The LM Token: Bridging LeisureMeta and Ethereum
Whilst LeisureMetaverse operates on its own proprietary blockchain, the LM token can freely be exchanged with the ERC20 LM token on the Ethereum platform. This functionality is enabled by a gateway that seamlessly links the LeisureMetaverse with Ethereum. The LM token is thus an integral part of the LeisureMeta project, facilitating transactions and growth in the NFT market.
Technical Features of LeisureMeta
Tendermint Style PoS Based BFT Consensus Algorithm
LeisureMeta has implemented a Tendermint style Proof of Stake (PoS) based Byzantine Fault Tolerant (BFT) consensus algorithm that has allowed the chain to reach an impressive 1,000 transactions per second (TPS) and achieve transaction finality at once.
Bloom Filter Usage
In an effort to enhance the efficiency of networking, LeisureMeta employs a Bloom filter. This filter is used to distinguish known transactions between individual nodes, thereby only requiring the transmission of unknown transactions and saving processing resources.
Multiple Private Key Pairing System
LeisureMeta has taken steps to improve the user experience by implementing a multiple private key pairing system. By assigning individual private keys to each of a user's devices, interaction with the blockchain is made more secure and convenient.
Reduced Block Time through CRDT Structure
With the use of a Conflict Free Replicated Data Type (CRDT) structure, LeisureMeta has managed to reduce block time to just one second. This has ensured that the ordering between intra-block transactions is eliminated, thus bringing about a significant reduction in the required computing power for block-making processes.
The Future of LeisureMeta
As LeisureMeta continues to evolve and enhance its platform, it remains dedicated to providing its users with
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