What is Layerium (LYUM)

Layerium is the next-generation layer 2 blockchain. It aims to be the scaling solution for all EVM blockchains. With Layerium, you can now turn your limitations into endless possibilities.

Essential information for their token is available on the MEXC Digital asset introduction page. Furthermore, we are listing (LYUM/USDT – Trade it here) on the Innovation Zone! Check it out now!

What is Layerium (LYUM)
What is Layerium (LYUM)

What is the Main Feature of Layerium?

Layerium is a Layer 2 blockchain aiming to overcome the scalability and privacy limitations present in previous systems, such as Ethereum. It offers advanced support for smart contracts, enabling parties to create contracts using code that defines the behavior of a virtual machine (VM) responsible for executing contract functionalities.

It also incentivizes off-chain consensus among parties regarding the expected behavior of the VM. Through this approach, miners only need to verify digital signatures to confirm that parties have reached an agreement on the VM’s behavior. In cases where a unanimous off-chain agreement cannot be achieved, Layerium allows honest parties to progress the VM state on-chain.

To address attempts by parties to deceive others about the VM’s behavior, Layerium employs a highly efficient challenge-based protocol that leverages the unique features of the Layerium virtual machine architecture. Verifiers or miners identify and penalize dishonest parties. By moving the verification of VM behavior off-chain, Layerium achieves significant scalability and privacy improvements.

Benefits of Using Layerium

1. Universality

Layerium introduces a Layer 2 solution that is universally compatible with any EVM (Ethereum Virtual Machine) blockchain. This compatibility allows for seamless integration. Furthermore, it operates on various EVM-based blockchains without requiring significant modifications or adaptations.

2. Scalability

As a Layer 2 protocol, Layerium serves as a scalable solution. By leveraging Layer 2 technology, it significantly enhances the scalability of the underlying blockchain network. It achieves this by offloading transactions and computational processes to the Layer 2 layer, reducing congestion on the main blockchain. This results in faster and more efficient transaction processing.

3. Security

Layerium addresses scalability challenges through the implementation of Optimistic Rollup. This approach ensures a high level of security comparable to existing Layer 2 solutions while providing scalability benefits. Layerium leverages fraud proofs to maintain transaction integrity, allowing for efficient and secure validation of transactions on the Layer 2 network.

4. Modularity

Layer 2 solutions, including Layerium, embrace modularity. The modular design allows for the separation of different components and functionalities within the Layer 2 protocol. It offers flexibility, ease of maintenance, and the ability to upgrade or replace specific modules without impacting the entire Layer 2 system. Additionally, modularity enables seamless interoperability with other Layer 2 solutions, as different modules can be designed to interact and communicate effectively.

5. Interoperability

Layerium excels in inter-blockchain communication capabilities, enabling it to interact and communicate with any EVM-based blockchain. This interoperability empowers Layerium to leverage the functionalities and resources of different blockchains, expanding its versatility and range of applications. By facilitating inter-blockchain communication, Layerium promotes collaboration and synergy among various blockchain networks, fostering a more interconnected and efficient ecosystem.

Where to buy LYUM Token

You can find LYUM Tokens here at MEXC! We are listing LYUM/USDT in our Innovation Zone!

What is the Price of LYUM Tokens?

The LYUM token is currently trading MEXC for $0.00711! It has a fully diluted market cap of $2,133,048. It also has a 24-trading volume of $156,858. You can check the live price of their token right here!

How to buy LYUM Tokens on MEXC

You can buy LYUM Tokens on MEXC by following the steps:

  1. Log in to your MEXC account and click [Trade]. Click on [Spot].
  2. Search “LYUM” using the search bar to see the available trading pairs. Take LYUM/USDT as an example.
  3. Scroll down and go to the [Spot] box. Enter the amount of LYUM you want to buy. You can choose from opening a Limit order, a Market order, or a Stop-limit order. Take Market order as an example. Click [Buy LYUM] to confirm your order. You will find the purchased LYUM in your Spot Wallet.

You can find a detailed guide on how to buy LYUM Tokens here.

Get Free Airdrops with MEXC Launchpad!

Did you know MEXC gives out 20+ free airdrops weekly? Launchpad and Kickstarter events ensure that all our loyal MX token HODLers receive a ton of new tokens! Learn all about it at our MX Zone now!

Meanwhile, check out all of the listings in the Innovation and Assessment zones as well as the major tokens in the Main Zone – we have more amazing projects to come! Visit the Hot Projects section as well to uncover more featured popular tokens. Lastly, feel free to visit MEXC Academy to learn more about cryptocurrency!

Join MEXC and Start Trading Today!