The post LUKSO: The Blockchain Lab Reviving Ethereum’s Original Vision—Details Inside appeared on BitcoinEthereumNews.com.

When Ethereum launched in 2015, it sparked a vision of the internet that felt next-level: programmable, ownable, and built for people rather than platforms. Smart contracts would remake everything from finance to governance, and digital ownership would extend beyond speculation to identity, creativity, and coordination. Nearly a decade later, it’s clear that innovative protocols alone don’t create transformative experiences. The tools we built first, like wallets, tokens, and NFTs, reflected our early understanding of what blockchain could do, not necessarily what it should do. This is exactly the thinking behind LUKSO: not to compete with Ethereum, but to create a dedicated space for its evolution, a place to develop and test the new standards Web3 actually needs. “The irony is that ERC-20, which I co-created with Vitalik, unintentionally set the focus on financial applications for nearly a decade,” explains Fabian Vogelsteller, LUKSO’s founder and former Ethereum lead DApp developer. “It almost seemed as if what excited us all initially was forgotten, using this technology as a foundation for new societies that put the individual at the center.” Why Standards Evolution Needed Its Own Environment Ethereum’s standards were designed to be immutable and backward-compatible, essential for financial stability, but restrictive for experimentation. Trying to radically reimagine accounts, identity, and interactions within the constraints of ERCs was like remodeling a house with the foundation still in place. What we’ve normalized as ‘how blockchain works’ like: anonymous key-pairs, non-reactive wallets, token silos, and isolated dApps, aren’t immutable truths. These were early design choices, not immutable laws of cryptography. And today, they actively constrain evolution. To deal with these constraints, LUKSO didn’t just build features, it built an entirely new standards layer for Web3. LUKSO introduced its own standards track: LUKSO Standard Proposals (LSPs), as a clean slate to rethink Ethereum’s smart contract architecture.…

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Filed under: News - @ April 17, 2025 1:23 pm