Lum Network (LUM)

The Lum Network is an open-source blockchain protocol (layer 1) based on the Tendermint & Cosmos SDK

Basics

• Based in: Zug(3-2022)
• Started in / Announced on: early 2017
• Testnet release:
• Mainnet release: 15-12-2021

History

• From Citadel One (10-3-2022):

"Lum Network was launched in early 2017 under the name Sandblock, one of the first and most advanced blockchain rewards projects. Initially based on the Ethereum blockchain using an ERC20 Token, Sandblock’s protocol introduced the first features aiming to standardize the way companies interact with their customers. As the project’s research and developments progressed, the protocol and crypto-assets were migrated onto a dedicated infrastructure based on the Cosmos SDK and the Tendermint BFT consensus engine."

Audits & Exploits

• Bug bounty program can be found [insert here].

Token

Utility

• From Citadel One (10-3-2022):

"The LUM is the native crypto-asset of the Lum Network used by all its participants:

Companies & third party services

1. Pay transactions fees using LUM
2. Reward users using LUM
3. Create and operate their own branded assets using LUM

Lum Foundation

1. Provides LUM gateway and brokerage services to businesses
2. B2B Services pricing depends on business LUM stakings

Network validators & delegators

1. Secure the network and collect transactions fees
2. Receive inflation rewards proportional to their stakes"

Technology

• Whitepaper or docs can be found here.
• Code can be viewed here.

Implementations

• Built on: based on the Tendermint & Cosmos SDK
• Programming language used:

Transaction Details

• Capacity (TPS): thousands of transactions per second (3-2022)
• Latency: produces final blocks in a matter of seconds (3-2022)

Roadmap

• Can be found [Insert link here].

Team, Funding and Partners

Team

• Full team can be found [here].
• The Lum Network is carried by the non-profit Lum Foundation (3-2022).