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LeisureMetaverse, a new normal community project in building social, cultural, and economic communities for Web 3.0 Creators and fans, issued its own utility token, LM token.
LeisureMetaverse is a Web 3.0 Enabler that realizes the Web 3.0 values of rights and introduces Web 3.0 Creator, a new form of employment and income source. LeisureMetaverse aims to become the core infrastructure of the digital economy in social, cultural, and economic communities where humanity and free will are respected.
LeisureMetaverse operates its own blockchain, but the LM token in LeisureMetaverse and the ERC20 LM token on Ethereum are interchangeable through the gateway between LeisureMetaverse and Ethereum.
Operating a SocialFi community "I LIKE LM", LeisureMetaverse aims to overcome the existing blockchain platforms’ limitations such as low performance, costly gas fee, and inconvenient UX. Using the Tendermint style proof of stake (PoS) based Byzantine Fault Tolerant (BFT) consensus algorithm, LeisureMeta chain has attained 1,000 TPS and transaction finality altogether. The Bloom filter is used to distinguish known transactions between individual nodes to enhance the efficiency of networking by transmitting unknown transactions only. With the multiple private key pairing system, the UX was improved by assigning individual private keys per user devices.
LeisureMeta blockchain reduced the block time to 1 sec with Conflict-free Replicated Data Type (CRDT) structure to eliminate transaction orders within a block. Consequently, the computing power required for the blockmaking process has been significantly minimized.
What is LeisureMeta?
LeisureMeta (LM) stands at the intersection of blockchain technology and enterprise-level reliability, aiming to optimize performance through a unique blend of computer engineering methodology and blockchain structure. Operating on the Ethereum blockchain, LeisureMeta also features its own utility token, LM, which facilitates trading NFTs and employs a hybrid UTXO-Account structure for efficient transaction validation.
LeisureMetaverse, the overarching project, is a Web 3.0 Enabler focused on building social, cultural, and economic communities for creators and fans. It introduces Web 3.0 Creator, a new form of employment and income source, aiming to become the core infrastructure of the digital economy where humanity and free will are respected. The LM token in LeisureMetaverse and the ERC20 LM token on Ethereum are interchangeable via a gateway, ensuring seamless integration between the two ecosystems.
The SocialFi community "I LIKE LM" addresses existing blockchain limitations such as low performance, high gas fees, and inconvenient user experience. Utilizing a Tendermint-style proof of stake (PoS) based Byzantine Fault Tolerant (BFT) consensus algorithm, LeisureMeta achieves 1,000 transactions per second (TPS) and transaction finality. The Bloom filter enhances networking efficiency by transmitting only unknown transactions, while a multiple private key pairing system improves user experience by assigning individual private keys per user device.
LeisureMeta's blockchain reduces block time to one second using Conflict-free Replicated Data Type (CRDT) structure, eliminating transaction orders within a block and minimizing the computing power required for block creation.
What is the technology behind LeisureMeta?
The technology behind LeisureMeta (LM) is a sophisticated blend of advanced computer engineering and blockchain architecture, designed to support digital economies within the Web3 ecosystem. At its core, LeisureMeta employs a hybrid UTXO-Account structure, which combines the benefits of both the Unspent Transaction Output (UTXO) model and the Account model. This hybrid structure enhances flexibility and scalability, allowing for more efficient transaction processing and better support for complex smart contracts.
LeisureMeta utilizes a Tendermint + Hotstuff Mixed Byzantine Fault Tolerant (BFT) consensus algorithm. This consensus mechanism ensures that the blockchain can achieve high throughput and low latency while maintaining security and decentralization. By using a proof-of-stake (PoS) model, LeisureMeta can process up to 1,000 transactions per second (TPS) and achieve transaction finality quickly. This is crucial for applications that require fast and reliable transaction processing, such as decentralized finance (DeFi) and non-fungible tokens (NFTs).
To further enhance network efficiency, LeisureMeta incorporates a Bloom filter. This probabilistic data structure helps reduce network latency by filtering out known transactions and only transmitting unknown ones. This minimizes unnecessary data transmission between nodes, leading to a more efficient and faster network.
LeisureMeta also supports multiple key pairings and decentralized applications (DApps). The multiple private key pairing system improves user experience (UX) by allowing individual private keys for different user devices. This enhances security and convenience, making it easier for users to manage their digital assets across multiple platforms.
The blockchain's Conflict-free Replicated Data Type (CRDT) structure eliminates the need for transaction ordering within a block. This significantly reduces the computational power required for block creation, allowing for a block time of just one second. This rapid block time is essential for maintaining a seamless user experience in applications that demand real-time interactions.
LeisureMeta's multi-chain bridging capability allows for interoperability between different blockchain networks. For instance, the LM token on LeisureMeta can be interchanged with the ERC20 LM token on the Ethereum network through a specialized gateway. This interoperability ensures that users can easily transfer assets between different blockchain ecosystems, enhancing liquidity and usability.
Operating within the Web3 ecosystem, LeisureMeta aims to build social, cultural, and economic communities that respect human rights and free will. The platform's SocialFi community, "I LIKE LM," addresses the limitations of existing blockchain platforms, such as low performance, high gas fees, and inconvenient user interfaces. By leveraging advanced blockchain technology, LeisureMeta provides a robust infrastructure for Web3 creators and fans, enabling new forms of employment and income sources.
The combination of these technologies makes LeisureMeta a powerful platform for building decentralized applications and supporting digital economies. The use of Tendermint + Hotstuff Mixed BFT consensus, Bloom filters, CRDT structure, and multi-chain bridging creates a secure, efficient, and scalable blockchain environment.
What are the real-world applications of LeisureMeta?
LeisureMeta (LM) stands out in the cryptocurrency landscape with its innovative approach to blockchain technology. It aims to address the limitations of existing blockchains by optimizing enterprise-level reliability and performance. One of its key features is the use of a Tendermint + Hotstuff Mixed BFT consensus algorithm, which enhances the efficiency and security of transactions.
In the realm of finance, LeisureMeta offers a robust platform for secure and fast transactions, making it suitable for various financial applications. Its blockchain technology ensures low transaction costs and high throughput, which can be particularly beneficial for retail transactions. Retailers can leverage LM to facilitate seamless and cost-effective payments, enhancing the overall shopping experience for customers.
Healthcare is another sector where LeisureMeta shows promise. The blockchain's ability to securely store and manage data can be utilized to maintain patient records, ensuring data integrity and privacy. This can lead to more efficient healthcare services and better patient outcomes.
LeisureMeta also emphasizes community and collaboration through staking and airdrops. By participating in these activities, users can earn rewards and contribute to the network's security and stability. This community-driven approach fosters a sense of ownership and engagement among users.
The SocialFi community "I LIKE LM" is a significant aspect of LeisureMeta, aiming to overcome the limitations of existing blockchain platforms such as low performance, high gas fees, and inconvenient user experiences. The platform's use of a Tendermint-style proof of stake (PoS) based Byzantine Fault Tolerant (BFT) consensus algorithm enables it to achieve 1,000 transactions per second (TPS) and transaction finality. The Bloom filter technology enhances networking efficiency by transmitting only unknown transactions, while the multiple private key pairing system improves user experience by assigning individual private keys per user device.
LeisureMeta's blockchain operates with a reduced block time of 1 second, thanks to the Conflict-free Replicated Data Type (CRDT) structure, which eliminates transaction orders within a block. This significantly minimizes the computing power required for the block-making process, making it more efficient and environmentally friendly.
What key events have there been for LeisureMeta?
LeisureMeta, a pioneering project in the Web 3.0 space, has been making strides in creating a decentralized ecosystem for creators and fans. The issuance of its utility token, LM, marked a significant milestone. This token is designed to facilitate transactions within the LeisureMetaverse, a platform that aims to build social, cultural, and economic communities.
LeisureMeta operates its own blockchain, which is notable for its use of the Tendermint-style proof of stake (PoS) based Byzantine Fault Tolerant (BFT) consensus algorithm. This technology enables the blockchain to achieve 1,000 transactions per second (TPS) and ensures transaction finality. The blockchain also employs a Bloom filter to enhance networking efficiency by transmitting only unknown transactions between nodes.
In addition to its native blockchain, the LM token is also available as an ERC20 token on the Ethereum blockchain. This dual availability allows for interchangeability between the LeisureMeta blockchain and Ethereum through a specialized gateway. This feature provides flexibility and broadens the usability of the LM token across different blockchain ecosystems.
LeisureMeta's blockchain has also made significant advancements in user experience (UX). By implementing a multiple private key pairing system, the platform assigns individual private keys to user devices, thereby enhancing security and ease of use. The block time has been reduced to one second using a Conflict-free Replicated Data Type (CRDT) structure, which eliminates the need for transaction ordering within a block. This innovation minimizes the computing power required for block creation, making the process more efficient.
The SocialFi community "I LIKE LM" is another key component of LeisureMeta's ecosystem. This community aims to address the limitations of existing blockchain platforms, such as low performance, high gas fees, and inconvenient user interfaces. By focusing on these areas, LeisureMeta seeks to provide a more user-friendly and cost-effective platform for its users.
Despite these technological advancements and community initiatives, there have been no other significant key events for LeisureMeta at the time of writing.
Who are the founders of LeisureMeta?
LeisureMeta (LM) emerges as a pivotal player in the Web 3.0 landscape, fostering social, cultural, and economic communities. The masterminds behind this innovative project include Sung Uk Moon, who serves as CEO, Dong Cherl Han as CTO, Sung Sik Park as CCO, and Harry Kim as CSO. Their collective expertise spans various domains, contributing to the creation and development of LeisureMeta. Additionally, the project is supported by contributors such as eugene70, hysung220, kjg0904, G-yhlee, pjw0328, senthil28, sungkmi, scouts0i, airlift01, pickup08, LatteScience08, guidedarrow, walfarepunkloser, onthepage, insightdevcoder, and LeisureMeta_LM.
The live LeisureMeta price today is $0.003455 USD with a 24-hour trading volume of $460,930 USD. We update our LM to USD price in real-time. LeisureMeta is down 1.63% in the last 24 hours. The current CoinMarketCap ranking is #1103, with a live market cap of $7,955,240 USD. It has a circulating supply of 2,302,838,111 LM coins and the max. supply is not available.