New York, Saturday, September 14, 2024 – Lumio, the first-ever VM abstraction framework, said it would bring about a change to decentralized development by eliminating vendor lock-in, a long-standing issue in the supply chain.
Vendor lock-in forces users to stick with a product or service, even when it’s not optimal, due to a lack of alternatives. Lumio addresses this by allowing developers to build applications with any virtual machine (VM) on any blockchain.
Lumio is compatible with chains such as Solana and Optimism, with no need for code changes.
It also supports multiple VMs, including Solana’s SVM, Ethereum’s EVM, and MoveVM. This flexibility enables developers to deploy across chains efficiently and scale their applications without additional work.
The framework’s versatility extends to Layer-2 (L2) rollups on Ethereum, where it provides shared security, composability, and liquidity. On chains without L2s, like Solana, Lumio operates as its own L2, optimizing performance through advanced features like removing hard forks and enhancing transaction execution speed.
Lumio’s technical innovations have caught the attention of global communities, with widespread support in countries such as the U.S., Korea, Japan, and Russia. Pontem Lumio, the network behind the framework, has gained significant backing from major industry players, including Lightspeed, Pantera, and Animoca Brands.
With 25,000 followers on X (formerly Twitter) in just five months, Lumio is rapidly gaining traction as a key player in decentralized development.
By simplifying the deployment process and increasing scalability, Lumio says it aims to reshape how developers approach blockchain applications.
