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zeekayandHanzo Dev
70f6883235
A July commit removed eight papers on the premise "no license — DEX/non-custodial only". That premise is wrong: Lux operates an ATS, a broker-dealer, a transfer agent and a bank, and this material is resold at lux.financial. The merge that brought main in preserved the removal because the commit stated a reason, which is how a stale reason outlives the fact it rested on. Back, at the versions main carried — main never received the removal, so its copies are the later ones: the ATS architecture, the security-token standard, smart order routing, institutional custody, MPC custody, post-quantum securities, the SSB partnership and the CoinBridge brief. 83 files. Co-authored-by: Hanzo Dev <[email protected]>
37 lines
1.5 KiB
TeX
37 lines
1.5 KiB
TeX
\section{Comparison with Existing Standards}
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\label{sec:comparison}
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\begin{table}[H]
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\centering
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\caption{Security token standard comparison.}
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\label{tab:standard-comparison}
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\begin{tabular}{lcccc}
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\toprule
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\textbf{Feature} & \textbf{Lux} & \textbf{ERC-3643} & \textbf{ERC-1400} & \textbf{ERC-1404} \\
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\midrule
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Partitioned holdings & Yes & No & Yes & No \\
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Dynamic compliance oracle & Yes & Yes (ONCHAINID) & No & No \\
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MPC controller & Yes & No & No & No \\
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Post-quantum signatures & Yes & No & No & No \\
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Forced transfers & Yes & Yes & Yes & No \\
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Document management & Yes & No & Yes & No \\
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DID-based identity & Yes & Yes (ONCHAINID) & No & No \\
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Hierarchical partitions & Yes & No & Partial & No \\
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Vesting schedules & Yes & No & No & No \\
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Convertible instruments & Yes & No & No & No \\
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\bottomrule
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\end{tabular}
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\end{table}
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\subsection{ERC-3643 (T-REX)}
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ERC-3643, the Token for Regulated Exchanges (T-REX) standard, is the closest competitor to the Lux standard. Both use on-chain identity registries for compliance checking. Key differences:
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\begin{itemize}[nosep]
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\item T-REX uses ONCHAINID, a centralized identity provider. Lux uses I-Chain DIDs with verifiable credentials from multiple providers.
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\item T-REX has a single controller address. Lux uses MPC threshold controllers.
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\item T-REX does not support partitioned holdings or post-quantum signatures.
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\item T-REX is deployed on Ethereum mainnet with high gas costs. Lux EVM provides sub-cent transfer costs.
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\end{itemize}
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