22 تغريدة 34 قراءة Nov 06, 2023
Lukso is an Layer 1 EVM blockchain designed to bring in the next phase of the New Internet Era of #WEB3
The ecosystem is designed to cater to onboarding mainstream WEB2, Social Media, Streaming, Journalism, Lifestyle, Fashion Content Creators into WEB3
How will this be done?
Issues to solve:
-User Onboarding
-Limited Smart Contract Standards
-Network Over Occupancy
-Network Fees
-Assets/Wallets difficult to manage, secure
-Accounts cant hold personal data or refer to static datasets
-Data within assets not verifiable
@feindura the author of the ERC20 standard has now developed a new innovative suite of standards called Lukso Standard Proposals ( LSP's ) on a new start of the art EVM platform which I believe has solved all of the above.
These new standards have been in the making for 5 years+
-The Lukso Blockchain is exactly the same as Ethereums, it uses its core technology stack
-Lukso uses the Casper FFG Consensus Mechanism
-its POS and requires 32 $LYX staked to become a Network Validator.
-Scaling will rely on sharding
-Lukso has No Big VC's, Decentralised.
Its important to note Lukso has two active tokens
$LYXe - Lukso on Ethereum ( uniswap etc )
- Reversable ICO in April 2020
-rico.lukso.network
$LYX - Lukso Mainnet ( Kucoin )
-42M supply
-When $LYX reaches 2b in mc the foundation freezes 70% of its Tokens for 5 years.
Lets look into LSP's a bit deeper.
The Lukso Standard Proposals are the ecosystems building blocks and what seperate it from any other current blockchain.
These new standards give developers and users a vast new suite of tooling that will finally allow #WEB3 to transcend
ERC725 introduces
-Contract based profiles for humans, machines, organisations and anything that requires an Identity
-More importantly this profile can be updated with interoperability & Sustainability in mind
-Additional Functions to tokens, NFTs + Accounts
ERC725X
- Call any function of any other smart contract, or deploy contracts independently, this allows for token transfers or calling functions on other SC's
ERC725Y
- Enables Storage of Information, services can attach data / stored datasets, allowing flexible data storage
Please keep in mind these new standards will take some time for developers to learn their full potential as each LSP has a complex knock on effect to the next, the ideas and potential is infinite
Because of the complexity of LSPs I will continue to slowly add to this thread OT
This is also the best part about Lukso, the people have been given the tooling & infrastructure and now we sit back and see what gets built.
Now you may have seen this emoji floating around 🆙 a lot lately, allow me to explain why Universal Profiles is the future of #WEB3
Universal Profiles is the idea of blockchain based accounts as opposed to wallets + keys.
This new concept changes the way we interact on-chain.
Developers can now even use contracts for social recovery if keys are lost
Say goodbye to Externally Owned Accounts
and Hello to 🆙
Universal Profiles goes Live November 8th on Lukso Mainnet
-Brands will finally have an opportunity to bring their identity to the blockchain
-🆙 users wont have to pay gas fees
-I will explain Relays + GAS later on
TLDR: get ready for the next billion users in #WEB3
If you want to see the value in $LYX then its important to note this graphic by @DappRadar
-2 million Unique Active Wallets Interacting Daily with dAPPS as of September 2023
-In other words F all !
I would also like to add that Ill be personally looking to assemble a team ( devs, artists, community builders ) to build and continue the Tombhead's Legacy on @lukso_io
I will have more information on this in the near future !
Feel free to reach out if your'e interested.
Be sure to Follow this thread if you would like to get continued updates on Lukso, it's an extremely complex project thats been years in the making.
Please add anything important I might of missed + Ill continue to update.
This is purely Tech focused, No price talk.
Lukso Whitepaper, Blueprint for the New Creative Economies ( 2019 ) :
uploads-ssl.webflow.com
Important Eco Projects to watch with the Launch of Universal Profiles:
@_universalpage
@luksoverse_io
@TheDistrictVR
@CanvasLandWeb3
@lookso_io
@dropps_io
@dematerialised
@MaisonLYX

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