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About LUKSO Token
The Revolutionary Blockchain Infrastructure: LUKSO
LUKSO is an innovative Blockchain infrastructure that aims to enhance transparency, circulation, and efficiency in the production and consumption of physical and digital consumer goods. It provides a wide range of standards and solutions to support these objectives.
Expanding the applications of Blockchain beyond decentralized finance (DeFi), LUKSO builds upon the success of ERC-20 and ERC-725 to establish a dedicated network.
Designed for existing and emerging digital lifestyles, LUKSO combines the Ethereum Virtual Machine (EVM) execution engine with the Casper (PoS) consensus algorithm. The mainnet launch is scheduled for 2022.
LUKSO serves as the foundation for modern creative economies, empowering industries like lifestyle, fashion, media, and design to foster innovation. It revolutionizes the way creators collaborate with their communities and projects, interact with consumers and collaborators, automate interactions, and establish trust in transactions. With LUKSO, brands can redefine content management, showcase collections, and create immersive experiences. It provides a technology playground for creative professionals to shape trends and unleash their creative potential.
The Benefits of LUKSO Blockchain
LUKSO is developed on the HoneyBadger BFT consensus algorithm, with Smart Contracts authorizing Validators. This ensures that the code is open source and publicly accessible.
Unlike Ethereum's Proof of Work (PoW) consensus algorithm, LUKSO utilizes the more efficient Proof of Stake (PoS) algorithm in terms of deployment and cost. Additionally, LUKSO is based on the Ethereum Virtual Machine with modifications aimed at improving network speed and reducing energy consumption.
Embarking on the LUKSO Roadmap
LUKSO Roadmap: Click Here
