DEVELOPMENT UPDATES

Web wallet development:

+ Improve mechanism to add other coins in POS web wallet.

+ Other coins testing is being performed now.

+ It is so far so good and we are ready for our services.

LuxGate development:

+ The core processing is being integrated into luxd/lux-qt.

+ Basically, LuxGate will swap real assets and not databases.

=> Each party involved in a transaction has to receive confirmation of assets presence in order to seal a trade

+ As plan, LuxGate Protocol will be implemented in Luxtre wallet.

+ However, we will implement it in other wallets as well.

+ The testing is being performed now.

+ It is so far so good and we will be able to launch it soon.

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

+ The basic feature is finished and so far so good.

— “Don’t use change address” feature

+ When we send a fund to an address, the wallet will send the change to newly generated address.

=> Previous key will not be reused and the change may be lost when:

* A backup is restored

* And we doesn’t have the new private key for the change.

+ “Don’t use change address” will solve above issue.

+ This feature is available in version 5.2.3.

+ Please enable it at option menu “Don’t use change address”.

— 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.