[ANN] LUMENYX - 21M Supply, ZK-SNARKs Privacy, No Team

[pacca]

@mandown

Run the command again. The network key is generated on first start.

If still fails, check the folder exists:

mkdir -p ~/.local/share/lumenyx-node/chains/lumenyx_mainnet/network

Then run again.

- missed2009

[subdev]

can we vote on the name.

[mandown]

@mandown

Run the command again. The network key is generated on first start.

If still fails, check the folder exists:

mkdir -p ~/.local/share/lumenyx-node/chains/lumenyx_mainnet/network

Then run again.

- missed2009

(base) mandown@test:~/lumenyx$ rm -rf ~/.local/share/lumenyx-node/chains/lumenyx_mainnet/network
(base) mandown@test:~/lumenyx$ ./target/release/lumenyx-node   --chain mainnet   --validator   --name "your-name"   --rpc-cors=all   --rpc-methods=unsafe   --bootnodes /ip4/89.147.111.102/tcp/30333/p2p/12D3KooWFvS5t55gVhjtzP4egiWMZKtjdPDQg9HxCkXDXNmeH2V1
WARNING: No public address specified, validator node may not be reachable.
                                Consider setting `--public-addr` to the public IP address of this node.
                                This will become a hard requirement in future versions.
Error: NetworkKeyNotFound("/home/mandown/.local/share/lumenyx-node/chains/lumenyx_mainnet/network/secret_ed25519")

[subdev]

@mandown

Run the command again. The network key is generated on first start.

If still fails, check the folder exists:

mkdir -p ~/.local/share/lumenyx-node/chains/lumenyx_mainnet/network

Then run again.

- missed2009

(base) mandown@test:~/lumenyx$ rm -rf ~/.local/share/lumenyx-node/chains/lumenyx_mainnet/network
(base) mandown@test:~/lumenyx$ ./target/release/lumenyx-node   --chain mainnet   --validator   --name "your-name"   --rpc-cors=all   --rpc-methods=unsafe   --bootnodes /ip4/89.147.111.102/tcp/30333/p2p/12D3KooWFvS5t55gVhjtzP4egiWMZKtjdPDQg9HxCkXDXNmeH2V1
WARNING: No public address specified, validator node may not be reachable.
                                Consider setting `--public-addr` to the public IP address of this node.
                                This will become a hard requirement in future versions.
Error: NetworkKeyNotFound("/home/mandown/.local/share/lumenyx-node/chains/lumenyx_mainnet/network/secret_ed25519")

I believe there is already other thread
https://bitcointalk.org/index.php?topic=5570343.0

[subdev]

this kind of launch with issues and tech struggles left behind anyone who would like to participate

one more problem is a trusted setup on zk privacy side

how it could be the fair launch if no one is able to be ready before the genesis block and again chain was announced on 25 of dec
then post removed

[ANN] LUMENYX - 21M Supply, ZK-SNARKs Privacy, No ...
Bitcointalk
https://bitcointalk.org › ... › Announcements (Altcoins)
25 Dec 2025 — LUMENYX I've been working on a new electronic cash system that runs without central control. Launched December 25, 2025. PROPERTIES

then this ANN again.

then restart then public announcement again after 2H chain went live.

and again no one is capable to join because of the tech issues.

[pacca]

[UPDATE] LUMENYX - Honest Status & Network Reset

To everyone following this thread:

**SUMMARY OF LAST 4 DAYS**

Dec 25 - Chain launched
Jan 1 - Public announcement 
Jan 2 - GRANDPA issue → Restarted with pure AURA (no GRANDPA)
Jan 3 - ZK privacy issue discovered during testing

**CURRENT ISSUE**

ZK privacy doesn't work end-to-end. Shield (deposit) works. Unshield (withdraw with proof) fails - off-chain proof generator and on-chain verifier don't match.

Since LUMENYX has no sudo, no admin keys - we cannot patch the running chain.

**DECISION: CLEAN RESET**

Restarting with:
- ZK privacy fully tested end-to-end
- NetworkKeyNotFound bug fixed
- Same tokenomics (21M supply, no premine)

Everyone starts equal at block #0.

---

**@mandown**

You've been trying for 2 days. I appreciate the persistence.

Wait for the reset. New binary will work with one command. No more manual fixes.

**@subdev**

1. Name stays LUMENYX
2. "No one ready before genesis" - Same as Bitcoin. Satoshi mined alone initially
3. "Trusted setup" - Using arkworks Groth16, same as Zcash
4. "Tech issues" - Fair point. Clean reset fixes everything

---

**TIMELINE**

24-48 hours. Will post here when ready.

- missed2009

[subdev]

[UPDATE] LUMENYX - Honest Status & Network Reset

To everyone following this thread:

**SUMMARY OF LAST 4 DAYS**

Dec 25 - Chain launched
Jan 1 - Public announcement  
Jan 2 - GRANDPA issue → Restarted with pure AURA (no GRANDPA)
Jan 3 - ZK privacy issue discovered during testing

**CURRENT ISSUE**

ZK privacy doesn't work end-to-end. Shield (deposit) works. Unshield (withdraw with proof) fails - off-chain proof generator and on-chain verifier don't match.

Since LUMENYX has no sudo, no admin keys - we cannot patch the running chain.

**DECISION: CLEAN RESET**

Restarting with:
- ZK privacy fully tested end-to-end
- NetworkKeyNotFound bug fixed
- Same tokenomics (21M supply, no premine)

Everyone starts equal at block #0.

---

**@mandown**

You've been trying for 2 days. I appreciate the persistence.

Wait for the reset. New binary will work with one command. No more manual fixes.

**@subdev**

1. Name stays LUMENYX
2. "No one ready before genesis" - Same as Bitcoin. Satoshi mined alone initially
3. "Trusted setup" - Using arkworks Groth16, same as Zcash
4. "Tech issues" - Fair point. Clean reset fixes everything

---

**TIMELINE**

24-48 hours. Will post here when ready.

- missed2009

There is definitely a lot of development activity is going on your side and it is visible on the github commits.
That really looks good.
2 questions
- does anyone need to add their nodes to bootstrap file to be part of bootstrap.
- can we please avoid bootstrap and Early phase
as it visible in the docs
Phase   Block Reward   Duration
Bootstrap   2.4 LUMENYX   ~12 days
Early   0.3 LUMENYX   ~30 days
Standard   0.25 LUMENYX   Halving every ~4 years

So it does not make too much difference in the global picture for the emission  schedule that is good  
2.4 * 20 (coins per minute) * 24(hours) * 12 days = 13824 coins. 13.8k coins.
4320 coins for early
then 0.25 with a halving

13.8K coins for the first day.
it is hard to call it premine but still it is visible on chain and always may trigger negative "premine" discussion in future for the project.
if project start from the default 0.25 per block and not bootstratp and early phase it is more healthy for the project to sustain in future with a real fair not premine, no ninja mining early stages. 10k coins does not make huge difference for the total 21M coin supply but that 3 phases your project has now always be the point of discussion and concern.

Please consider seriously to revisit and rethink about the it.

[mandown]

when launch.

[subdev]

great job.
Fix tokenomics: 0.25 LUMENYX/block, 50% in 4 years, 3 sec blocks
https://github.com/lumenyx-chain/lumenyx/commit/98bf7f901740260e49886f1a1bf09a94ea1deacc

thanks that you heard my advise and improve tokenomic.

really appreciate.

[pacca]

[UPDATE] LUMENYX -

In 2009, a few lines of code changed everything.
No company. No funding. No permission.
Just an idea: money that belongs to no one.

We're building on that same principle.

LUMENYX is not another token. It's a foundation.
A base layer where anyone can build anything.
DeFi. NFTs. Games. DAOs. Things we can't imagine yet.

But first, the foundation must be solid.

We've been working. Testing. Rebuilding.
Removing everything that doesn't belong.
Keeping only what matters.

The result:

CORE
- Pure Proof of Work mining
- 2.5 second blocks
- 21,000,000 supply. Fixed. Forever.
- EVM compatible (Solidity smart contracts)
- No team. No foundation. No admin keys.

MINING
- Anyone can mine
- No stake required
- No validators
- No permission
- Just run and mine

EMISSION
- ~0.208 LUMENYX per block
- Halving every 4 years
- 50% mined in first 4 years
- 100% to miners. No burn.

WHAT YOU CAN BUILD
The base layer is simple. What you build on top is limitless.
- Tokens (ERC-20)
- NFTs (ERC-721)
- DEX (Uniswap-style)
- Lending protocols
- DAOs
- Games
- Layer 2 solutions
- Things that don't exist yet

The first miners will be remembered.
Like those who mined Bitcoin when no one cared.
Like those who deployed the first contracts on Ethereum.

We're finalizing the code.
New genesis. Clean start. Everyone equal.
No premine. No allocation. Zero.

Soon.

Previous posts in this thread reference early testing.
Ignore them. What comes next is what matters.

GitHub: https://github.com/lumenyx-chain/lumenyx
(Code being updated. Watch the repo.)

The chain will belong to no one.
It will be yours.

Build the future on it.

- missed2009

---

"Banks ended up in the headlines. Today control over digital money sits in a few hands: founders, large holders, intermediaries and those who write the rules."

This ends now.

-----
**ABOUT PRIVACY**

Privacy is not in the base layer. The base layer is intentionally simple - just PoW and EVM.

ZK-SNARKs privacy can be built on top by anyone:
- Smart contracts (Tornado Cash style)
- Layer 2 solutions (Aztec/zkSync style)

We provide the foundation. You build what you need.

The title says "ZK-SNARKs Privacy" - it's possible, just not mandatory.

[subdev]

[UPDATE] LUMENYX -

In 2009, a few lines of code changed everything.
No company. No funding. No permission.
Just an idea: money that belongs to no one.

We're building on that same principle.

LUMENYX is not another token. It's a foundation.
A base layer where anyone can build anything.
DeFi. NFTs. Games. DAOs. Things we can't imagine yet.

But first, the foundation must be solid.

We've been working. Testing. Rebuilding.
Removing everything that doesn't belong.
Keeping only what matters.

The result:

CORE
- Pure Proof of Work mining
- 2.5 second blocks
- 21,000,000 supply. Fixed. Forever.
- EVM compatible (Solidity smart contracts)
- No team. No foundation. No admin keys.

MINING
- Anyone can mine
- No stake required
- No validators
- No permission
- Just run and mine

EMISSION
- ~0.208 LUMENYX per block
- Halving every 4 years
- 50% mined in first 4 years
- 100% to miners. No burn.

WHAT YOU CAN BUILD
The base layer is simple. What you build on top is limitless.
- Tokens (ERC-20)
- NFTs (ERC-721)
- DEX (Uniswap-style)
- Lending protocols
- DAOs
- Games
- Layer 2 solutions
- Things that don't exist yet

The first miners will be remembered.
Like those who mined Bitcoin when no one cared.
Like those who deployed the first contracts on Ethereum.

We're finalizing the code.
New genesis. Clean start. Everyone equal.
No premine. No allocation. Zero.

Soon.

Previous posts in this thread reference early testing.
Ignore them. What comes next is what matters.

GitHub: https://github.com/lumenyx-chain/lumenyx
(Code being updated. Watch the repo.)

The chain will belong to no one.
It will be yours.

Build the future on it.

- missed2009

---

"Banks ended up in the headlines. Today control over digital money sits in a few hands: founders, large holders, intermediaries and those who write the rules."

This ends now.

-----
**ABOUT PRIVACY**

Privacy is not in the base layer. The base layer is intentionally simple - just PoW and EVM.

ZK-SNARKs privacy can be built on top by anyone:
- Smart contracts (Tornado Cash style)
- Layer 2 solutions (Aztec/zkSync style)

We provide the foundation. You build what you need.

The title says "ZK-SNARKs Privacy" - it's possible, just not mandatory.

wow.

when genesis.
first block?

to be honest you did a great job.
read all your commits. you really know substrate on a different level

[pacca]

@subdev

Thank you.

December 25, 2025 = project birth (see SIGNATURE.png in repo).
Since then: testing, community feedback, improvements.

The real genesis block #0 hasn't happened yet.

Parameters were optimized based on feedback (thanks for yours).
When final code is ready:
- I'll announce exact date/time here
- Everyone prepares
- Block #0 = everyone equal

Watch the repo. Soon.

- missed2009

[mandown]

Block Explorer shows over 10,000 blocks mined and continues to do so, but I can't connect to the network. Even after rebuilding everything from scratch, I still can't connect.

I can't figure out the source of the problem. I think I'm unable to connect to your node.

[pacca]

Hi,
The network is currently offline - we're finalizing a major cleanup.
What's happening:

Removed all GHOSTDAG/Privacy code (pure PoW now)
Block time: 2.5 seconds
Clean codebase

What you need to do:
Wait for official announcement, then:

Delete all your blockchain data
Pull fresh code from GitHub
Follow new instructions

Old chain and peer IDs are invalid. Fresh start coming soon.
Thanks for your patience.

[subdev]

Hi,
The network is currently offline - we're finalizing a major cleanup.
What's happening:

Removed all GHOSTDAG/Privacy code (pure PoW now)
Block time: 2.5 seconds
Clean codebase

What you need to do:
Wait for official announcement, then:

Delete all your blockchain data
Pull fresh code from GitHub
Follow new instructions

Old chain and peer IDs are invalid. Fresh start coming soon.
Thanks for your patience.

thank you for adding setup script for new users:
lumenyx-setup.sh
https://github.com/lumenyx-chain/lumenyx/commit/84f022726ee69cd38eab5675819531b244d1c9fe

[pacca]

@subdev

Thanks for noticing the setup script.

**Important:** Do NOT run it yet.

We're still testing. The bootnode peer ID will change before official launch.
Running it now = orphan chain that won't connect to anything.

Wait for the official announcement here. We'll post:
- Exact launch time
- Final instructions
- Working bootnode

The script is ready. The network isn't. Soon.

- missed2009

[pacca]

═══════════════════════════════════════════════════════════════
LUMENYX - Development Update #2
═══════════════════════════════════════════════════════════════

Transparency update.

What's done:
▸ Core blockchain working
▸ ASERT difficulty algorithm implemented (same as Bitcoin Cash)
▸ 2.5 second blocks, self-adjusting
▸ Tested on multiple nodes

What we're deciding:

Standard PoW or RandomX?

Standard PoW (current):
- Ready now
- But: who has bigger GPU wins more blocks
- Same "problem" as Bitcoin

RandomX (Monero-style):
- CPU-only mining
- GPU/ASIC have no advantage
- Your laptop = mining farm (almost)
- More fair distribution
- But: needs more development time

We believe in fair distribution.
Not just "no premine" but also "no GPU dominance".

So we're taking extra time to evaluate RandomX.
If it works: everyone mines equal with CPU.
If it fails: we launch with standard PoW (still fair launch, just GPU-favored).

Why tell you this?

Because we said we'd be honest.
No hype. No promises we can't keep.
Just building in the open.

Read why LUMENYX exists: https://github.com/lumenyx-chain/lumenyx

Next update: after RandomX evaluation.

- missed2009
═══════════════════════════════════════════════════════════════

[subdev]

═══════════════════════════════════════════════════════════════
LUMENYX - Development Update #2
═══════════════════════════════════════════════════════════════

Transparency update.

What's done:
▸ Core blockchain working
▸ ASERT difficulty algorithm implemented (same as Bitcoin Cash)
▸ 2.5 second blocks, self-adjusting
▸ Tested on multiple nodes

What we're deciding:

Standard PoW or RandomX?

Standard PoW (current):
- Ready now
- But: who has bigger GPU wins more blocks
- Same "problem" as Bitcoin

RandomX (Monero-style):
- CPU-only mining
- GPU/ASIC have no advantage
- Your laptop = mining farm (almost)
- More fair distribution
- But: needs more development time

We believe in fair distribution.
Not just "no premine" but also "no GPU dominance".

So we're taking extra time to evaluate RandomX.
If it works: everyone mines equal with CPU.
If it fails: we launch with standard PoW (still fair launch, just GPU-favored).

Why tell you this?

Because we said we'd be honest.
No hype. No promises we can't keep.
Just building in the open.

Read why LUMENYX exists: https://github.com/lumenyx-chain/lumenyx

Next update: after RandomX evaluation.

- missed2009
═══════════════════════════════════════════════════════════════

very good.
but update RandomX params (for example to increase RAM to push away XMR Miner X9 https://shop.bitmain.com/product/detail?pid=00020251226185131923DUjfvPIO06BC)
In other case it is another ASIC miner coin.

[pacca]

Thanks for the heads up.

We know about the X9 - shipping July 2026.

But here's the truth: even if we modify RandomX parameters,
something specialized will always come out.
Whether RandomX or standard PoW, there will never be
perfect equal distribution. Technology always advances.

The important thing is:
- Launch before ASICs exist
- Zero premine
- Everyone starts equal on day one

After that, the market decides.

- missed2009

[subdev]

Thanks for the heads up.

We know about the X9 - shipping July 2026.

But here's the truth: even if we modify RandomX parameters,
something specialized will always come out.
Whether RandomX or standard PoW, there will never be
perfect equal distribution. Technology always advances.

The important thing is:
- Launch before ASICs exist
- Zero premine
- Everyone starts equal on day one

After that, the market decides.

- missed2009

it is not about shipping, it is about that fact that now a thousands XMR asics already on Monero right now. not since Jul 2026

Bitmain Asic miner released in 2019. 7 years ago so CPU only(laptop farm) story is not longer a true since 2019.

something specialized will always come out.
not untill the project become so big so manufactory will be very intrested to release it.

without RandomX modification params there is 0 guarantee that you do not have Bitmain XRM asic miner in the network and network is centralized.