We released our second video in the Luxcore Proof of Stake Web Wallet Series; the first to focus on one of the web wallet's more advanced features: Coin Control. As the name implies, Coin Control gives you an additional level of control when sending your Luxcoins. To learn more, watch the video below.
DEVELOPMENT UPDATES
LuxGate development:
The core processing is being integrated into luxd/lux-qt.
Basically, LuxGate will swap real assets and not databases.
When a swap order is created, other nodes will create swap order.
If the swap order is matched, direct network connection will be initialized.
The addresses are exchanged in the relative blockchains.
When one side creates swap transaction, the other side will create swap transaction for their coin.
Then, the coin will be redeemed in relative blockchain.
If timeout is reached, luxgate will do the refund processing.
All processings here are performed in native lux and other coins script (eg: BTC, etc.), not a smart contract.
LuxGate will be integrated into Luxtre wallet and Lux QT wallet.
Other wallets will be integrated later.
It is so far so good and we will be able to launch it soon.
Web wallet development:
- New features
Allow users to select inputs instead of whole addresses.
Email users to inform account deletion if their account have 0 balance after 30 days.
Small bug fixing on send tab (user confirmation window).
- Services
Other coins testing is being performed now.
It is so far so good and we are ready for our services.
QT wallet and Core development:
- Hierarchical Deterministic Wallet (HD wallet) development
In old Lux wallet, a pair of private/public addresses is randomly generated.
This requires you to take a backup each time you make a new pair of addresses.
=> Backup so many private/public addresses as the number of your transactions increase
With LUX HD wallet, backup will performed only once.
HD wallets will generate a hierarchical tree-like structure of keys which start from the seed master key based on BIP32.
When HD wallet is restored by using the seed key, the wallet goes ahead and drives all the private keys of the tree using BIP32.
=> The seed key backup is mandatory and should be kept safe
NEW UPDATE FOR THIS WEEK: All features are finished and we are doing the internal test.
- Security improvement
No new updates as this feature is still in on-going development. Will update in next weekly update.
The coin will provide 2 new functions: Transparent and Privacy.
Transparency uses the normal protocol, while Privacy uses the i2p protocol.
If people use the Transparency protocol, everything will show (tx in/out, ipaddress, etc.)
If people use the Privacy protocol, everything will be hidden but conditions will be applied.
The backend is finished and we are doing some GUIs on QT
- Luxcore DApp JavaScript Library (Luxd.js)
A LUX full node for building applications and services with Node.js.
This is Luxcore JavaScript library for Smart Contract development.
It is still in development; Will update in next weekly update.
Explorer development:
Secure masternode server IP by showing 3 X as the digits
