Ethereum News Today: StealthEX Adds LYX for Instant Non-Custodial Exchange Boosting LUKSO Access

StealthEX has announced the availability of LUKSO’s native cryptocurrency, LYX, for instant, non-custodial exchange, marking a significant step toward broadening access to the LUKSO blockchain. This move allows users to swap major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) for LYX directly through StealthEX’s no-registration-required platform, which supports over 2,000 assets. The addition of LYX aims to lower entry barriers for individuals seeking to engage with the next phase of the internet—Web3—by offering a streamlined and secure method of participation [1].

LUKSO positions itself as a blockchain operating system designed for the digital age, with a focus on user experience and real-world applications. The project, created by Ethereum co-founder and ERC-20 token standard architect Fabian Vogelsteller, is described as “the Mac OS of blockchain” in contrast to Ethereum’s more complex, Linux-like architecture. LUKSO’s design centers on simplicity and accessibility, making it more approachable for everyday users while maintaining the power of a decentralized infrastructure [1].

A key innovation within the LUKSO ecosystem is the Universal Profile, a smart contract-based identity that functions as both a digital wallet and a social profile. Unlike traditional social media accounts, Universal Profiles are fully owned by users and cannot be censored or deleted by third parties. These profiles aggregate Web2 and Web3 data, enabling users to manage digital assets, build reputations, and interact with decentralized applications (dApps) from a single on-chain identity [1].

Beyond identity, LUKSO supports the development of a “new creative economy” through its LUKSO Standard Proposals (LSPs). These tools facilitate the creation of “Cultural Currencies” and advanced NFTs (referred to as NFT 2.0), which allow artists and creators to engage more deeply with their audiences. For example, a musician could issue a token that grants fans access to exclusive content, while an artist could launch an evolving NFT collection with updated metadata [1].

The LUKSO network has demonstrated tangible growth and decentralization. It is secured by over 126,000 validators, none of which are operated by the core development team, reinforcing its community-driven ethos. More than 29,000 Universal Profiles have been deployed on the mainnet, and the platform’s transaction relay service has served over 15,000 unique users, with all metrics reflecting real, active participation [1].

Looking ahead, LUKSO is preparing to launch a trustless bridge to Ethereum using zero-knowledge proofs, as well as its mobile application and UniversalEverything.io—a user-friendly interface for creating and managing Universal Profiles. These developments underscore the project’s commitment to bridging traditional blockchain complexity with user-friendly functionality [1].

An intriguing subculture emerging within the LUKSO ecosystem is the Burnt Pix project, created by former Ethereum lead developer Péter Szilágyi. This NFT collection features generative fractal images that can be “refined” through on-chain transactions, with each refinement consuming gas to produce a more intricate design. At peak times, Burnt Pix transactions accounted for 40% of all gas usage on the LUKSO network. The most refined pieces have consumed over 800 billion gas, establishing them as rare and valuable digital artifacts [1].

For users interested in acquiring LYX, StealthEX provides a straightforward process. By visiting StealthEX’s exchange page, users can select their preferred input asset, enter their LUKSO wallet address, and complete the swap with minimal effort. The entire process is handled automatically, ensuring a secure and efficient exchange [1].

Overall, the integration of LYX on StealthEX represents a pivotal moment for the LUKSO blockchain. By making it easier for users to access and interact with the platform, StealthEX and LUKSO are advancing the vision of a more accessible, creative, and user-centric Web3 environment [1].

Source: [1] Swap LUKSO (LYX) on StealthEX: The Blockchain for the New Creative Economy Is Now More Accessible than Ever (https://coinmarketcap.com/community/articles/68a5dab16f6d3f0f79f5b79c/)