LUXCoin (LUX) is a coin that is implementing Parallel Masternodes, the PHI1612 hybrid PoW-PoS algorithm, and a “Static” model for staking. The variety of innovative features LUXCoin and Luxcore have to offer have put LUXCoin on the radar for many people in the cryptocurrency world.
Luxcore, the blockchain solutions and services ecosystem behind LUXCoin (LUX), focuses on building a bridge between high-grade security and privacy blockchain products, the massive enterprise-level market, and average consumers. Luxcore consists of LUXCoin, which is meant to be the open source blockchain-based token of value, and the more enterprise-consumer focused closed source products like Parallel Masternodes and LuxGate.
Essentially, Luxcore is offering a platform that will allow users to create products around different use cases in a variety of dynamic ways few other tokens (if any) are capable of.
Luxcore also plans to release future updates such as Segwit, smart contracts, and LuxGate through the Parallel Masternode (PMN) system.
Resource: https://coincentral.com/luxcoin-lux-beginners-guide/
