Lukasiewicz logic is a type of many-valued logic developed by Jan ลukasiewicz, which allows for more than just true and false values, introducing a continuum of truth values. This logic expands on traditional binary systems, offering greater flexibility in reasoning by incorporating degrees of truth that can range between complete truth and complete falsehood. It is significant in various applications, particularly in fuzzy logic, where it aids in handling uncertainty and vagueness in reasoning.