LeisureMetaverse has launched its own utility token, LM token, to boost NFT trading, which is interchangeable with the ERC20 LM token on Ethereum. The platform, which operates its own blockchain, aims to address issues with scalability, gas fees and user experience. It uses Tendermint Proof of Stake (PoS) based Byzantine Fault Tolerant (BFT) consensus algorithm, with a Bloom filter to improve networking efficiency. Multiple private keys improve user experience, and a Conflict free Replicated Data Type (CRDT) structure reduces block time and computing power required for blockmaking. The LeisureMeta chain offers transaction finality at 1,000 TPS.
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