LUXCORE has reached another milestone in its path to conquer the blockchain space. Smart Contracts have been officially activated on LUX blockchain, opening the doors to new upcoming implementations, such as LUXGate and Parallel Masternodes. Smart Contracts are designed to ensure security for transactions and are as well a perfect way to create bonds. LUX Is proposing more than one function for their implementation, as they plan to use it not only to encourage D’Apps on their blockchain, but also to implement their own upcoming unique features.

LUXCORE ACADEMY is another project that intends to educate to some point the new comers and explain LUXCore’s project, so that anyone can understand what’s the meaning of every feature. The Academy is planning on providing weekly updates, explaining LUXCORE’s development process to the community and provides a certain level of transparency.

LUX Is planning for this year to release LuxGate and Parallel Masternodes, releases that will take the blockchain space to new levels.

LUXGate is the technology which will open the doors to a new era in crypto, allowing the end user to utilize his LUX Wallet for transactions between different blockchains, it will be a Decentralized Exchange in the true way, allowing atomic swaps between coins and giving you the freedom and privacy you need when you are dealing with value. LUXGate will also be an open door for enterprises and institutional services to step into crypto space, with provided support and guidance.

Parallel Masternodes are yet another unique feature to be implemented on LUX Blockchain and will help providing a private and secure network for LUXCORE end users.

An explanation can be as well found on their website, as I quote:

“ LUXGATE & PARALLEL MASTERNODES

FUNCTIONALITY & HIGH LEVEL USE CASES

LuxGate will be able to interact with centralized functions (eg: banking institutions) along with the PMN private network, which will act as an autonomous system to act on behalf of the function. Luxcore will provide the required technology assistance and consultancy services to setup PMN and will support the deployment of the private network for private institutions. These networks will be centralized trustworthy environments and will be verifiable by the customer to validate legitimacy of the transactions.

With the help of this functionality Luxcore aims to disrupt the traditional banking transactional systems as LuxGate and PMN can work cross algorithm and will be system agnostic compared to other blockchain competitors in this space.

A specific feature from a security perspective is the ability of LuxGate and PMN to strengthen two layers of differing safety algorithms to be unified at a combined strength level.

From a use case perspective, if an institution has two layers of firewall security A & B, with each layer of different security strength, with A at 300 points and B at 200 points (a total of 500), with PMN enabled, each level will have a combined strength of 500, bringing the total difficulty to 1000 points. “

John McAfee mentioned LUX in an interview for NullTX, where he talked about the importance of the upcoming Decentralized Exchange that will be implemented by LUXCore, McAfee told NullTX, “ Luxcoin, for example, today came out with their smart contract of functionality on the Lux Network… they are coming out with a decentralized exchange, and I think it will be one of the first distributed exchanges that actually functions using the atomic swap feature”

McAfee also tweeted his thoughts yesterday, about the upcoming implementations coming from LUXCore. This way, LUX is starting to see more and more attention as its hard working developers are proving themselves with every Github commit.

The upcoming LUXCore implementations are going to offer the first truly decentralized network in the blockchain space. This is yet another reason to see LUX as a game changer. The community is growing fast, people are showing progressive interest in this project and the feeling surrounding it is more and more like they say “The first of its kind”. The best kept secret in this space is coming to light, slowly but surely. The revolution is just around the corner, don’t miss the start!

This is LUXCore and LUXCore is future.

Let there be ~LUX~

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Disclaimer:

*In this article I wrote my personal opinion about LUXCore’s project, the implemented features and the upcoming ones. This is not to be considered a financial advice and you must always do your own research before investing in any project.