Luceo (CEO)

A Rust implementation of Ouroboros Crypsinous, a Privacy-Preserving Proof-of-Stake Coin.

Tech giants and governments seek to police free speech. They will deplatform you and in the near future, should they control the monetary supply, render you broke at the flick of a switch. Some countries have already implemented such systems such as the Social Credit Score.

Luceo is a cryptocurrency that aims to implements Ouroboros Crypsinous, a privacy preserving coin. The seeker of free speech and self sovereignty cannot have their financial freedom encroached on by malicious actors. Due to time constraints, we'll first start off with a non-privacy preserving coin and evolve towards Ouroboros Crypsinous.

Luceo Connection Information

Current Genesis Hash

Not set yet

Trusted peer access points

https://luceo.fractalide.org

REST access point

https://luceo.fractalide.org

Read up on How To Train Your Jormungandr to use the above information.

Privacy Preserving

Is there an organisation that accepts having all of its income and expenses seen by its competitors? In the vein of free speech, one should be able to censor your transactions from malicious actors.

Modular

Jormungandr, the name of the consensus node, builds on chain-libs, a modular framework implemented in Rust. Allowing Luceo to be easily embedded in other applications.

Energy Efficient

Proof-of-Stake consumes far less energy than Proof-of-Work. Participants no longer need to fork out large amounts of money to buy ASIC miners, all they need to participate in the consensus process is to own Luceo coin.

Immutable

An immutable transaction history is critical for public trust in Luceo. It’s unacceptable to have a privileged group of people undo their transactions. As is the case after the Ethereum DAO hack which resulted in the loss of 70 million USD.

Permissionless

Anyone can participate in securing, spending and building with Luceo. There is no up front fee to run a Luceo stakepool, quite unlike some chains with a fee of 10 million USD. Anyone can run a node, access a wallet and make transactions on the Luceo distributed ledger.

No Smart Contracts

Smart contract programming languages attempt to suck the world into their execution. The complexities associated with verifying data about the world in order for a smart contract to execute is intractable. Instead, the Luceo blockchain itself is treated as an “oracle” for standard off-chain software execution. Keeping it simple.