I've Read UNSCRIPTED
- Apr 16, 2019
@AceVentures I need your expertise on Lukso. I've considered throwing in some eth, but before I do that there are some things I must understand. Personally, I found both the lightpaper and the whitepaper quite disappointing. Aside from introducing Lukso as a domain-specific blockchain, I couldn't find much about any new technical advancements compared to for example Ethereum.
That said, as a domain-specific blockchain focusing on NFTs, they have a goddamn mighty advisory board. That alone may be enough for LYXE to currently be undervalued, but then again I also see Ethereum 2.0 as a very strong competitor as ETH 2.0 fees will be much lower compared to today's fees. Due to how it's branded, I definitely can see Lukso succeeding in capturing many high profiled companies (as they already seem to be doing).
I want to know what technical advancements Lukso will provide that Eth 2.0 won't. So, my question: can you point me in the right direction, so that I can read up on the technical details of Lukso?
GitHub repo until dev team/Fabian posts medium articles breaking down the architecture more.
Here is the big picture:
What LUKSO is building is an ETH2.0 EVM, before ETH2.0 goes live. In addition to PoS for faster throughput, the LUKSO orchestrator, in conjunction with the validator node, call stack, and PoS ledger, can tick faster using a set of standards and tooling with more pre-built functions than existing standards.
Think about a JS class like the DOM. This object has so many goddamn pre-built methods and inherits from many other classes. Think about the new tooling and standards on the LUKSO engine as specific JS classes built and optimized for certain functions designed for the use and engagement of identities, fashion, ecommerce, gaming, etc.
I cast a broad net of possibilities, because what is enabled inside the smart-contract, or the method it inherits, is an executable function INSIDE the contract. This paves the way to dynamic smart-contracts with a whole host of *new ways of interacting.
Trying to use existing tooling and standards on ETH for the same functionality enabled by LUKSO's standards would be incredibly gas-consuming AKA computationally taxing.
That is the big picture and the extent to which my technical sensibility has allowed me to conceptualize.
Don't like ads? Remove them while supporting the forum. Subscribe.