Part 4 - LUKSO Network Setup

Before you begin

Make sure you did prepare your system in step 1, 2 and 3 of this guide first.

Mainnet

Coming soon. Wait for the official LUKSO annoucement how to start your mainnet node.

Testnet

Follow the official LUKSO instructions to setup your Testnet node here. Proceed to step 5 of this guide after.

About

LUKSO uses the same software and architecture of Ethereum and will launch completely transitioned to proof-of-stake. It will resemble a post-merge Ethereum, commonly referred to as Ethereum 2.0 but no longer technically correct as the Ethereum foundation has moved away from that term.

Nodes

A node is a computer running client software that can establish connections and exchange information with other nodes, forming a peer-to-peer network. A LUKSO node (like Ethereum) is the combination of two pieces of client software. The execution client processes transactions and smart contracts, while the consensus client coordinates the proof-of-stake consensus and runs the beacon chain. Running a node allows for the trustless and private use of the LUKSO network while supporting the network and ecosystem at the same time. Anyone with proper hardware can run a node; it does not require a stake.

Validators

A validator consists of a LUKSO node and a third piece of client software responsible for proposing blocks. A financial stake is required to run a validator. Validators are rewarded for proposing blocks that help the network reach consensus and penalized for actions that hinder consensus, like being offline or acting maliciously.