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The feature is at the core of the blockchain’s ecosystem, and can be used for all sorts of decentralized applications (for example social media, NFTs, payments), integrating the activity of creators under one smart contract based-account that is supposed to be more than just a wallet address. Source
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Currently, the most common type of blockchain accounts, known as Externally Owned Accounts (EOA), have limited recovery options; if a user loses their private key, their crypto holdings are lost forever. EOA accounts also can’t attach information that could be read by other smart contracts, and transaction fees cannot be
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Genesis validators on Lukso will have an important role in establishing the supply of the LYX token, as well as how involved the Lukso Foundation (LF) will be in the ecosystem. As part of the smart contract deposit, Genesis validators will vote on how many LYX tokens should circulate. They
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LSP0, which turns ERC-725 into a smart-contract-based profile, tackles the functionality and makes profiles more user-friendly on the blockchain. It combines a crypto type wallet, similar to an Ethereum account, with smart contract storage. In addition to having a regular crypto account attached to these profiles, users can link to
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Sovereign identity has been a hot topic in blockchain and cryptocurrency, especially with the rise of the creator economy. Currently, there are two types of digital identities. One is federated and centralized whereby data is in the control of the service provider. Self-sovereign digital identity is often cited as a
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Nonfungible tokens (NFT) have risen in popularity over the past couple of months as stories of record-setting multi-million dollar auction sales begin to emerge on a daily basis. While projects like Cryptokitties, Axie Infinity (AXS) and Aavegotchi (GHST) are some of the well-known NFT tokens in the space, several new platforms
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Exclusive Pre-Sale Begins May 20, World’s First “Reversible Initial Coin Offering” to Follow on May 27LUKSO is a blockchain network dedicated to the new digital lifestyle, where the worlds of fashion, gaming, design and social media intersect. LUKSO will hold an exclusive pre-sale on the KuCoin Spotlight program on May
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