Lumerin Blog
Published in

Lumerin Blog

AMA with Lumerin Protocol developers — Part 1/2

The community’s questions about Lumerin, answered by its very builders

Brief introduction to the Lumerin Protocol

Lumerin is an open-source, peer-to-peer blockchain network focusing on decentralizing crypto mining hashpower. How? By effectively commoditizing hashrate, making it a liquid, tradeable, and transferable asset.

To achieve this goal, Lumerin counts on a simple architecture that consists of:

  • A messaging layer to allow transmission and routing of information between nodes.
  • An EVM compatible component to allow the implementation of smart contracts.

The cooperation of these points allows new types of information — such as hashrate — to be shared and used on a blockchain network.

You probably have a lot of specific questions about Lumerin and how it works. Without further ado, here are two of Lumerin’s exceptionally talented developers to answer them.

Q: Who are Lance and Josh?

Lance: My current role is Smart Contract Developer. Previously, I’ve worked in aerospace for the last five years helping get a habitat into space. I was Chief of IT Security there also, creating bare-bone networks, setting up fiber and a bunch of different types of infrastructure.

Prior to that, I worked in hardware engineering, primarily creating wearables.

Josh: Same with me. I’m also a Smart Contract Developer at Titan — the company building the Lumerin Protocol.

I’m self-taught. I used to work in oil and gas doing construction management. Then, I learned about what Bitcoin was, got into crypto, and learned how to code.

I started working in the casino industry with slot machines. I joined Titan back in August and I’ve been having fun ever since.

Q: How is working for Titan and the Titan team?

Lance: Working for Titan is really interesting. I’ve been here for almost a year and our team has increased significantly since I signed on.

Most of the team is well-informed and skilled. So far, working here has been pretty great.

Josh: We also get along so well. I haven’t worked at a company where we have gotten along better as a team than we do at Titan. I’m really thankful for that.

As far as working at Titan, it’s pretty nice. It’s definitely a startup mentality where, if you have a good idea or you want to try something new, there’s not much red tape you have to get through before you can start building stuff. I’m enjoying it a lot.

Q: What are the challenges you’ve encountered building Lumerin and how have you addressed them?

Josh: One of the biggest things to worry about since we’re building a blockchain network is privacy and security.

With Lumerin, we’re basically building a publicly viewable blockchain. The whole purpose of a blockchain is that anyone can view it, anyone can see what you’re doing on it. If you put something on there that you don’t necessarily want somebody to see — like pool information, for example — , you have to make sure that it is safely secured.

Photo by Clint Adair on Unsplash

On the flip side, if you’re dealing with off-chain information, there’s different security and privacy considerations.

We’ve been brainstorming about what could go wrong, how to make sure it doesn’t go wrong, and a whole bunch of what-if scenarios.

Those are our current challenges. We always address them by identifying them and thinking about the best and most practical way to go about solving them.

Q: Where do you see Lumerin in five years? What upside will it have both in terms of big picture and small picture?

Lance: I think there’s several aspects to it. There’s the part that Josh has been working on and I’ll let him speak to that.

I’ve been helping create the marketplace dApp — the Lumerin decentralized hashpower marketplace — and other decentralized apps for our marketplace. I feel that having that as a token utility creates a community that other people will be able to build on.

Also, once we have our own blockchain as well, gas fees, and other things that we’ll be able to add on, there will be more reasons to actually use Lumerin in the future versus other blockchains out there. There’s an opportunity to get in early and build these new infrastructures around our token.

Josh: Basically, we’re building a trustless and secure way for people to access and share the security behind different proof-of-work networks in the long run.

What I’ve been working on is for people to be able to basically buy and sell hashrate. There’s only like a few people working on this project, so I think the sky’s the limit.

When we open this up to the community, there’s a lot of smart people out there who probably have ideas that have not been thought of yet or haven’t been shared with anyone.

Just like how when Satoshi originally made Bitcoin, he had no idea that mining pools would become a thing. So I think we’re opening up the opportunity for new business models, smart contracts, and other programs to go out there that you can’t do right now.

Q: How will people claim their Lumerin tokens?

Lance: This has been my primary focus for a while now, as I know this is something that people are wanting. I’ve been working with one of our front end developers to create the claiming site.

Essentially, what will happen is: you will connect your wallet as you would for any normal web3 related event.

From there, we will have a button that will create a transaction and “talk” to the smart contract that we created.

The contract will recognize who that wallet address is through a whitelist that knows the value of what you should be receiving, and it’ll transfer that token to your wallet.

Click here to read the second and final part of the conversation with our top-notch developers!

Do you want to learn more?

Lumerin is still in early stages. Make sure to follow us on Medium so you don’t miss any news and content. You can also subscribe to our blog and visit Lumerin.io for more information. We’ll be glad to have you!

Join the Lumerin community!

If you are a cryptocurrency miner or want to become one, there’s a place for you in our community. Access valuable content, engage in interesting conversations, and meet like-minded people through our social channels:

More about Lumerin…

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store