overview

lyMatt is an open source cryptocurrency project. lyMatt is fully decentralized, designed for simplicity, transacts at very high speed and very large scale.

work began on the project in spring of 2018 by a diverse group of developers and business professionals. their motivation to create a cryptocurrency protocol with the use case potential of lyMatt came from their backgrounds building:

• social network platforms

• content management systems

• e-commerce systems

• data distribution systems

• online financial services

• communication services

• affiliate marketing

• manufacturing and logistics operations

• gaming platforms

• accounting and legal practices

fundamentally, there was a recognition that

“all activity benefits from trusted
transactions at scale”

which influenced the following set of first principles:

• currencies should not be created with debt

• currencies should operate at infinite scale

• the cost of securing value can't exceed the value it secures

• a currency's market value should be proportionate to its fundamental value

• participants that increase fundamental value should be compensated

• currencies should function without carrying the weight of previous transactions

• currencies should work the same throughout the spectrum of transaction values

• modern currencies should be at least as simple to use as primitive currencies

• simplicity at the edge is only possible with equal simplicity in the foundation

to the extent there is an inverted correlation between utility and a store of value, lyMatt is not intended to compete with the use case or feature set of blockchain projects. the utility that comes from scale and speed has been prioritized, leading to the principles and methodologies described above.

learn more: meet the lyMatt team

case study: the speed and scale of lyMatt

Developers: lyMatt certification for technical and non-technical careers

economy

the total allocation of 9,000,000,000,000,000 mlx (nine quadrillion lyMatt) were created in a genesis event on January 20th , 2024. lyMatt is not being offered directly for sale. instead it will be distributed to participants who support and improve the lyMatt ecosystem.

participants running lyMatt software constantly receive lyMatt for performing protocol related tasks that improve the lyMatt ecosystem, such as storing transaction data and verifying transactions.

the economy is envisioned to allow any participant to incentivize any computing activity by any other participant via fees.

learn more: how can I earn, buy or sell lyMatt?

use case: lyMatt turns unused computer power into income

technology

unlike blockchain cryptocurrencies, lyMatt is built on the logic of Directed Acyclic Graph (DAG) for transaction speed and capacity that increases as more transactions and users are added.

lyMatt is original work and was not built on a copied code base of existing work. lyMatt has no points of centralization. lyMatt has no designed bottlenecks. lyMatt has no hierarchy of participants of capabilities. lyMatt data is natively sharded.

learn more: how does lyMatt data sharding work

learn more: the lyMatt toolbox of trust

learn more: how do transactions work

learn more: how do transactions get verified

learn more: how does the lyMatt network work

developers: full API documentation and tutorials

roadmap

the initial lyMatt road map consisted of the following themes:

• base organization and functionality

• connecting lyMatt protocol to machines for large scale transactions

• large scale transaction speed and storage

• a community of earning

• store and own your personal data

developers: contribute to the lyMatt project

learn more: see the current lyMatt road map with dates

get started

lyMatt is available to download for windows, mac, and linux at lyMatt.org/client.