Ethereum veteran feindura is launching a new blockchain for creative types, lukso_io, and the genesis validator smart contract deposit will go live in the next few weeks, cryptauxmargaux reports
Each validator on the LUKSO blockchain needs to lock up 32 LYXe in order to participate in the block validation process – similar to the 32 ETH that’s required to be “staked” on Ethereum to participate as a validator.According to Vogelsteller, what’s stopping Ethereum from becoming mass-adopted is that the applications are not making the user experience easy.
In 2013, Vogelsteller first learned about blockchain. He also happened to meet the original Ethereum team a day before their pre-sale. Six months later, Vogesteller started working for the Ethereum Foundation in Berlin, where he built the first web3 browser, the first Ethereum wallet, and other developer tools.
On LUKSO, users, organizations and teams can create any profile they wish to identify themselves as in web3; the profile also would act as their blockchain account, making the user experience more seamless.On Ethereum, if you hold a regular account, known as an Externally Owned Account , it’s impossible to add information like the user’s name, age, or other information to the public key address, meaning aspects of identity cannot be integrated into the protocol layer.
The universal profiles also get key managers, which can let users add multiple keys to their on-chain account that are assigned or execute different actions. Thechecks which key can do what on the universal profile, and can restrict specific activities of certain devices. In addition, having these multiple keys enables some kind of backup system in the event that a user loses access to a key.
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