L U X
FIRST OF ITS KIND
:: Luxcore ::
Luxcore is a blockchain solutions and services ecosystem that focuses on designing and building enterprise ready security and privacy products.
:: Luxcore Platform ::
The Luxcore platform relies on the ground-breaking PHI1612 algorithm fuelled blockchain to develop and implement it’s core product offerings. This includes the open source blockchain token of value, Lux Coin & the enterprise consumer focused, closed source products like LuxGate and Parallel Masternodes.
:: New light in cryptocurrency ::
LuxCoin sheds a new light on cryptocurrency. LuxCoin utilizes a new GPU Phi1612 algorithm built from: Skein, JH, Cubehash, Fugue, Streebog, and Echo. P1-111612 presents the most efficient ASIC resistant GPU mining algorithm, with faster hash rates and reduction of power by 10%. In addition to the new algorithm, LuxCoin is built with LUX transaction protocol for near-instant transactions.
:: Proof of Work ::
:: Luxcore Features ::
A Lux Masternode is a 24/7/365 dedicated server connected to the blockchain network which adds an additional layer of stability and two additional levels of functionality to the network. The additional functions are increased transactions speeds and enablement of LuxSend.
To run a Lux Masternode, a user is required to have 16,120 LUX in a wallet. Masternode owners earn rewards for supporting the network and providing the additional services. Masternode rewards are 40% of the Proof of Stake block and are randomly paid to the Masternode Owners who support the network.
Lux will introduce Smart Contract capability that will enable the unification of blockchains through LuxGate and PMN. These Smart Contracts can be deployed directly from the wallet and can trigger cross network transactions and tasks based on pre-defined conditions.
This will enable the technical scaling of the network to build Enterprise DApps on the Lux chain.
Smart Contracts will be deployed along with the introduction of SegWit release.
Stake your coins and trade them too! Exchanges are not the safest place for your Lux and when your Lux coins are on the exchange you will not receive the PoS reward. The Lux trading wallet allows you to trade your coins directly from your wallet.
LuxSend is a form of coin-mixing that provides an additional layer of privacy. The Coin-mixing service provided by the Lux Masternode network will ensure trust-less mixing of coins to obfuscate their origin, wallet details and addresses.
:: LUXCORE PRODUCTS ::
:: SECURITY AND PRIVACY ::
LuxCoin has the capacity for Parallel Masternode networks, providing a public network and a private network running simultaneously on the LuxCoin Blockchain and connected to each other through the LuxGate. This is a new and revolutionary concept in Blockchain technology. In addition to LuxSend, the Coin-mixing service provided by the LUX Masternode network, which is an improvement on the CoinJoin concept first proposed by Gregory Maxwell' there is an additional Security and Privacy option within the wallet called Stealth Address. A receiver can create a Stealth Address with the click of a button in the wallet. The wallet generates an untraceable link to the receiver's wallet, therefore blocking the sender, or a third party from seeing the balance in the wallet.
Check More At : https://luxcore.io/
Whitepaper : https://luxcore.io/LUX_WP_V1_NOV_2017.pdf
Twitter : https://twitter.com/LUX_Coin
