Labyrinth - The decentralized escrow platform
Labyrinth eliminates the need for trust while transacting on the open blockchain. A complete, decentralized solution based on multisignature and time-locked transactions.
Labyrinth Core (LAB) is an open-source, Bitcoin-derived digital currency that serves as the core of our escrow service. It supports the latest features as but not limited to Dersig, Schnorr, and Taproot.
Labyrinth Escrow is a platform where multiple parties can transact with each other, under predefined conditions, without the need for trust. This is possible due to conditions being set and executed similarly to smart contracts. The entire transaction validation happens on the chain, rendering the usual escrow attacks impractical.
Trustless
Time-locked and multisignature transactions ensure strict execution under predefined conditions.
Secure
The platform relies on blockchain consensus rules, ruling out any unauthorized spending.
Decentralized
Core transaction logic relies on blockchain nodes, and critical service availability is guaranteed.
Timeline
Q3 2022
Starting development of Labyrinth Core blockchain, Windows, and Linux wallets. Labyrinth Escrow idea is scheduled for finalization. Standalone KAWPoW Stratum module testing.
Q4 2022
Launching Labyrinth blockchain, the release of wallets. Securing and expanding the network. Labyrinth Escrow idea is finalized, and development is in progress. Standalone KAWPoW Stratum module in BETA.
Q1 2023
Labyrinth Escrow public BETA available. Exchange and CMC/Coingecko listing. Electrum and SPV wallet development. Custom block explorer and infrastructure.
Q2 2023
The official launch of Labyrinth Escrow. Android and iOS wallets are in development. Electrum and SPV wallets release. Crypto libraries and API development. Partnerships with established entities.
Q3 2023
Expanding and adding additional cryptocurrencies to Labyrinth Escrow. Prioritized are Bitcoin, Zcash, and Monero. The rest will be selected by the highest user demand.
Blockchain parameters
Type Proof-Of-Work
Algorithm KAWPoW
Retargeting DGW-20
Blocktime 60 sec
Block reward 100 LAB
Halving 1 440 000 blocks
Maximum supply 270 000 000 LAB
Founder payment 10%
Links
Miners
Standalone KAWPoW Stratum
Partners
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Notice! The blockchain is not officially started yet, this is a pre-announcement! Official chain will start on 6th Nov 2022 at 12:00 PM UTC. Mining pools will receive the source code 1 hour earlier in order to compile the daemons and implement the founder payment.