Given that the entire blockchain scene's volume is largely driven

Question

Given that the entire blockchain scene's volume is largely driven

by DeFi, the potential impact of high TPS scaling layers, such as L1 or L2 solutions, is significant. Could Lukso standards and profiles play a role in this landscape?

For example, Monad will scale quite far in terms of TPS (10,000 TPS). They also have $225M-strong funding behind them. Upon launch early next year, they will market their chain. It will be heard, I am pretty damn sure about it. They'll have many native protocols involved and those transitioning or doubling down. Instead of externally owned accounts could they utilize UPs in their infra? Or would this cannibalize the mission of Lukso.

Heck, there are gazillion of L2s and L1s that only brag with their TPS figures... some more used than others. However, they are used. Could we lure in their scene some way.

A penny for your thoughts, ie. @JordyDutch and others

#blockchain #cryptocurrency #english #lukso

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01.10.2024

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Bob Fox Автор вопроса

Shah
If you allow me to respond with my thoughts: 1. S...

🙏 Thanks! I agree. Moreover, I wonder if Lukso could somehow cater to these other EVM chains, bringing these ultimate profiles and standards to them. To my understanding it ain't feasible tech-wise, though. Or incentives wouldn't align, I am not sure. Could it work like, for example, Universal Page is serving to Base users(?).

0

1 месяц назад

Shah

Bob Fox
🙏 Thanks! I agree. Moreover, I wonder if Lukso cou...

From my understanding of what Hashi Alliance is building, it might be possible to use your Universal Profile on different chains… However, the profile in itself, again, isn’t the end all. ALL the LSPs working together is what brings alive the Lukso network. Identity, without Transactional Relay Services, for example, doesn’t solve the UX problem. Normies need to be able to do things on blockchains without having to fund their wallets (solved by TRS). Similarly, Key Manager allows a level of organisational control over an account that is unparalleled in the current space. If any organisation wants to be active on chain, it requires different levels of control over their account and public persona. If Rolex wants to launch Rolex NFTs that authenticate every Rolex sold to a purchaser (by issuing an NFT) they need to be able to set up a whole organisational structure with varying degrees of permissions for various outlets and various members of staff that would be coordinating such an activity. You simply cannot do that with an ERC20 based account standard. And solved entirely by ERC725

0

1 месяц назад

Shah · Accepted Answer

If you allow me to respond with my thoughts: 1. Scaling used to be an issue, but with roll ups enable execution to happen offchain, this is less of a problem. Just look at the gas costs now on Ethereum - it’s never been these cheap in years. Scaling, in itself, is not the panacea of the blockchain space. Solana has been marketing its TPs for ages, but why is it that nothing significant has really come out in terms of usecases on Solana? 2. The most significant roadblock to Blockchain space right now is the User Experience. The idea that someone has to create a wallet that some long digits, fund it with ‘gas tokens’ - which usually means having a CEX account, is all a cumbersome process. Most of the people in the world will never use blockchains in the current setting! The UX issue is the most important problem that currently exists - and which Lukso has offered its solution for! There is no comparable chain at the moment that solves the UX issue as generically as Lukso does.

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Given that the entire blockchain scene's volume is largely driven

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