Background-independent quantisation of general relativity. Spacetime geometry is described by spin networks; area and volume operators have discrete eigenvalues. See also quantum_loop_gravity — same topic under an alternate name.
Key formulas
Wheeler-DeWitt equation: H^Ψ=0
Holonomy: he[A]=Pexp(∫eA)
Area eigenvalues: A=8πγℓP2∑iji(ji+1)
Volume eigenvalues: discrete spectrum at vertices of the spin network.