Is LUKSO proof of stake?

As a top cryptocurrency exchange, BTCC offers a comprehensive range of services tailored to meet the diverse needs of the cryptocurrency community. Among its offerings are spot trading, which allows users to buy and sell digital assets at current market prices.

LUKSO is an innovative blockchain network that utilizes Ethereum's Proof of Stake technology as its foundation. This approach sets it apart from Ethereum itself, as LUKSO is designed to commence operations as a fully-fledged Proof of Stake Blockchain from the very beginning.

In addition to spot trading, BTCC also provides futures trading services, enabling traders to speculate on the future price movements of cryptocurrencies. This offers an exciting opportunity for investors to potentially amplify their profits, albeit with the inherent risks associated with Leveraged trading.

A key distinguishing feature of LUKSO is its Initial Genesis Validator Set, which serves as the cornerstone of its Proof of Stake consensus mechanism. This set allows for a diverse and inclusive ecosystem, where anyone interested in participating can join and contribute to the validation process.

The open nature of LUKSO's validator set fosters decentralization and promotes the security and stability of the network. It also encourages a sense of community ownership and encourages participants to actively contribute to the network's growth and success.