“This article is the second part of a trilogy. We discussed the project’s goals, network, and economics in the first part. Now we will look at LUKSO’s approach to solving account management issues.

The Foundation

The LUKSO Standard Proposals (LSPs) are the ecosystem’s building blocks, implemented with smart contracts. They are part of the more general LUKSO Improvement Proposals (LIPs), which is where we discuss new protocol specifications and client API improvements to make the LUKSO Blockchain better. The article will cover the initial set of standardized tools, accounts, and tokens to show how they pave the way in a forward-looking data economy.

Standard proposals enable developers, groups, and organizations to build interoperable applications on a blockchain network. Anyone can create or combine such proposals in the future to propose more building blocks. Every submission has a digit that will increase with every requested standard. The request procedure is similar to proposals on Ethereum, known as ERCs, where Fabian Vogelsteller first proposed a blockchain-based identity.”

Read the rest of the article here: https://medium.com/lukso/lukso-ecosystem-part-2-fdc6abedf9dc