Introduction
So, you have decided to invest in the cryptocurrency but do not have a clue about it. What is the technology behind it? Why does it have to be invisible? The digital world works like that. The revolution has already begun, so what are you waiting for. The continuous development in the cryptocurrency has made it more secure and offered various choices to the people. Nothing riskier ever existed on the planet, as traditional investors like to describe the cryptos.
Their fear is natural because we as a human are a risk-averse creature. We can't see our wealth deplete in a fraction of a second or for that matter in the infinity of time. The Blockchain technology has opened the gate for the tech world for the development of applications, which were not possible earlier. We can only be prepared for the more open and transparent system because that is the foundation of the technology.
The Next Big Solution
LUX is offering something remarkable, which has never been attempted before. The platform designed for the development of the decentralised products based on the blockchain technology. They have employed the PHI1612 algorithm to develop their product.
They wish to work for the mainstream consumers and build products, they can use. Enterprises, which affect the lives of people are the primary target of the platform. They have employed three different ways to reward the users; Proof of Work (PoW), Proof of Stake (PoS) and Master node. They have listed their coin LUX on Cryptopia.
I can say, that they are presenting a unique concept, which offers benefits of cryptocurrency Investment with a wallet service as well as software service. How the Platform performs is in the hands of time but we can surely say that they have decided to go mainstream.
Important links:
Website: https://luxcore.io/
Whitepaper: https://luxcore.io/LUX_WP_V1_NOV_2017.pdf
Authored By: Etheran
Btalk profile: https://bitcointalk.org/index.php?action=profile;u=1108165
