ASSIMILATION ANNOUNCEMENT - LeXscroW is born

ChainLocker has been assimilated.

@erichdylus has been assimilated.

All assets, technology, and code are now under MetaLeX control.

The process has been completed.

Welcome to the world, LeXscroW. 

LeXscroW will be a key cybernetic tool in MetaLeX OS’s arsenal to fuse humanity and cyberspace via human-free and cybernetic escrows.

The era of cybernetic law is upon us. 

Here’s how LeXscroW is the first step into it:

About LeXscroW

LeXscroW is a next generation escrow tool optimized for MetaLeX’s cybernetic law philosophy. It enables fully immutable and autonomous non-custodial escrows to be set up in minutes, which may either be configured for purely onchain execution or as a trust-minimized enforcement mechanism for legal agreements. 

@erichdylus, the creator of ChainLocker/LeXscroW, details the assimilation here:

https://medium.com/@chainlocker/chainlocker-is-becoming-lexscrow-dc047770e6a9

What drew us to assimilate LeXscroW was the innovative ability to make fully automated unlock/lock conditions, letting the system work completely on its own, untouched by human will, along with the option to make a more traditional trust-based escrow just as easily.

There are two main modes of LeXscroW that we believe will change how all value is transferred:

Human-Less Escrows

The core killer feature of LeXscroW and why we assimilated it was that you can quickly and easily make an immutable, autonomous, and fully trustless escrow with unlimited conditions. By setting unlock conditions within the contract itself at deployment, you can make the requirements for unlocking fully non-human and autonomous, cutting out the middleman of an escrow and keeping the process both p2p and trustless.

Essentially, a fully on-chain human-free escrow

Cybernetic Escrows

LeXscroW also has the ability to have one or more of the conditions be that one (or multiple) third parties are needed to unlock or transfer funds. This allows a human/BORG factor involved in decisions that cannot be fully on chain or that don’t have an oracle.

With both types of escrows bespoke conditions can be made for unlocking funds, meaning that you can set it and forget it or have a more complex escrow with any combination of conditional requirements. Essentially this lets all parties have both objective and subjective conditions to be baked into the escrow if so desired, enabling customization beyond any other escrow solution currently available while also having it be more trustless and auditable.

MetaLeX plans to use LeXscroW as a key part of facilitating BORG<>BORG and BORG<>DAO transactions, as part of the Phase 2 outlined in our whitepaper–the creation of onchain cybernetic law deal technology. In addition to integrating LeXscroW with our BORG platform, we will offer a number of ‘mini-apps’ showcasing how LeXscroW can enhance advanced legal dealmaking— for example, with trust-minimized ‘closings’ for token exchanges or any other contingent payment— between any two parties. 

Erich Dylus (creator of LeXscroW) commented, "I built ChainLocker to be an actually useful noncustodial escrow tool I would recommend to clients. Now, as part of MetaLeX, LeXscroW has evolved into an even more powerful toolkit than I originally envisioned, without compromising the initial maximally immutable and flexible design preferences. In my opinion it's positioned to be the premier escrow tool of choice for any kind of user — especially BORGs."

Gabriel Shapiro (MetaLeX co-founder) also commented, "Erich is the future of the lawyers...a lawyer who also writes smart contracts, while deeply understanding traditional corporate deal dynamics and the nature of law. Having him join MetaLeX and continue developing his legal-oriented escrow product, ChainLocker, with us was a no-brainer, and we look forward to releasing numerous applications of his powerful escrow framework."

We fully agree and are excited to have both him on board and to use LeXscroW as a key component of the cybernetic ecosystem we are building as an alternative to trusted escrows and centralized custodians. LeXscroW, along with the next tool we’re building, will be the core of the MetaLeX OS v1 framework to combine humanity and crypto into one functioning symbiote.

The first real-funds test of LeXscroW will be live soon. With this in the MetaLeX arsenal, we are building out our first public product ▒▒▒▒▒▒▒▒▒▒ to showcase the power of both LeXscroW and BORGs combining to solve an industry-plaguing problem.

NOTE: The account @ChainLockerLLC is now @LeXscroW. Current users do not need to do anything, all future update notices will be released there. 

More will be assimilated.

More will be built.

Everything will join the BORG.

Metalex.tech

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