Luxcore is a blockchain solution and service ecosystem focused on designing and building enterprise-grade security and privacy products. The Luxcore platform relies on the breakthrough PHI2 algorithm to accelerate blockchain development and implementation of its core products. This includes open-source blockchain value tokens like LUX COIN; and closed-source products like LuxGate and Parallel Masternodes that are of interest to enterprise users.

Project Vision

The platform aims to bridge the gap between ordinary consumers and business consumers with specific product use cases, using blockchain in mainstream society.
With the upcoming release, in addition to being a secure cryptocurrency, LUXCORE will also introduce Segwit, Smart-Contracts, LuxGate through the innovative Parallel Masternode system, on top of the existing Masternode features of the public network, for enterprises and businesses Customer provides private network.

Project Features

LUX MASTERNODE (Master Node) is a dedicated server connected to the blockchain network that works 24/7 with added stability and two additional features. Additional features improve transaction speed with the enablement of LUXSEND.
To run a LUX MASTERNODE, the user needs to have 16120 LUX in the wallet. Masternode owners are rewarded for supporting the network and providing additional services. Masternode rewards are 25% and are randomly paid to Masternode owners who support the network
By introducing SegWit, Lux will separate transaction signatures. This is achieved by stripping the signature from the input and structuring it to the end of the transaction.
The current block size is 4MB and the block time is 60 seconds. The addition of SegWit will effectively increase the transaction size and solve the transaction scalability problem that currently plagues the blockchain. These proofs are crucial in LUX blockchain scalability.
SEGWIT has been introduced in the second quarter of 2018.
LUX will introduce smart contract capabilities to unify the blockchain through LUXGATE and PMN. These smart contracts can be deployed directly in the wallet and can trigger cross-network transactions and tasks according to preset conditions.
This will enable the technical extension of the network to build enterprise DApps on the Lux chain.
Smart contracts will be deployed with the launch of the SEGWIT version.

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