LUXCore, an ambitious project that is set to change the blockchain game, it comes with unique features in this space, some that are already in use and some that are yet to be delivered. During its existence, LUX has seen a lot of questioning, different opinions from investors and now many people are wondering where is this project going, giving the fact that it still does not have such big attention upon it. It’s not an easy path, nobody said it will be, but the best path to take is always the path you feel is yours.

Someone said that LUX is the best kept secret in this space, and maybe it is, but let’s see what this is all about.

“Luxcore is a blockchain solutions and services ecosystem that focuses on designing and building enterprise ready security and privacy products. The Luxcore platform relies on the ground-breaking PHI2 algorithm fueled 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.

The platform also aims to bring the usage of blockchain to the mainstream by bridging the gap between normal consumers and enterprise users through specific product use-case meant for each.

With the upcoming releases, apart from being a secure crypto coin, Luxcore will introduce Segwit, Smart-Contracts, LuxGate through the innovative Parallel Masternode System providing a Private Network for enterprises and business on top of the existing Masternode feature for the Public Network”

LUX Project is designed to be enterprise ready, to offer institutions a door into the blockchain space and also to build a bridge between institutional and normal customers. In times where people are still asking themselves if this is the future, LUX comes with a solution for the big dogs to step in, judging by the way things are heading in crypto, this could be groundbreaking, once the products are all released and ready to use, I truly think that timing couldn’t be better. They are focused on offering their clients, both enterprises and normal customers, a safe and private way to interact with each other.

Check out LUX Whitepaper

The PHI2 algorithm is unique in its architecture, built by the amazing team of LUX Cryptographic Developers — 216K155 , tpruvot and tran, a revolutionary algo, ASIC-resistant and easy to adapt if any threat is coming from FPGA or ASIC miners, protecting the decentralization of the network. The power consumption has been significantly lowered, compared to the old PHI1612 algo that was already the most gpu-friendly algorithm in the space. We can now say that PHI2 is the most eco friendly and gpu-orientated algorithm, with a 30% lower power consumption, in compared with old PHI1612 algo, offering much lower costs to miners.

Their project has mostly been open source and anybody can check or get inspired from their work. Only their official products are closed source and protected, also LUXCORE® is now officially registered as trademark.

SegWIT has already been implemented with the Mercury V5 Release, and the first SegWIT block has been already hit. This will separate transaction signatures and will ensure a higher security and providing a Private Network for LUX users in the operations made thru LUXGate and Parallel Masternodes.

Smart-Contracts have been implemented with the V5 Release and will be fully activated at Block Height 350000 (around 6th of August 2018), this will enable the unification of blockchains (thru SegWit, LG & PMN) and will also offer the ability to create Decentralized Applications on the LUX Blockchain, for future projects to be developed. This feature also comes with an user friendly interface and with a how-to-guide that helps beginners to adapt and understand usability faster.

LUXGate is one of the unique features of LUXCore, that brings a Decentralized Exchange inside your LUX Wallet, this will begin with the ability to swap between LUX/BTC/ETH inside your wallet for start, with other “pairings” on the way. LUXGate is already tested and verified, now awaiting on the government license, in order to be officially released.

Parallel Masternodes will create a private network for LUX users and along with LUXGate will allow a safe and secure communication between different blockchains made usable thru Smart-Contracts operations, this is bringing utility and at the same time a unique architecture in the blockchain space, opening a new door to future development and to other new unique features to be implemented in the upcoming years.

Trading Function in your wallet will allow you to trade your LUX inside your wallet thru an API, swapping your LUX for BTC anytime you wish, without needing to cover any extra fees that would be required if you transfer your funds to an exchange.

Multi-Signatures enabling will offer extra security for transactions made between parties, avoiding any fraud attempts.

“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.”

I recommend accessing https://www.luxcore.io/features.php for more informations about LUX unique features.

LUXCORE MERCURY V5 Release.

LUXCore released MERCURY V5 at the beginning of this month, after an unsuccessful fork attempt, they finally succeeded to do this ambitious hard fork. Many people blamed the developing team for their first attempt and started to throw stones, I have to say I don’t blame them, there was some off time, but in the end the team successfully delivered what they promised. V5 introduced the new revolutionary PHI2 algorithm, implemented SegWIT, Smart-Contracts, Block Pruning and enabled the Hybrid Masternodes network in one single FORK, if you ask me that’s a huge success for this project, proving that behind LUX stands a strong team of developers with ambitious goals and with solutions to unforeseen bumps.

With the V5 release, LUX Hybrid Mastenodes have been implemented and so the LUX MN becomes one of the most profitable Masternodes to hold at this moment. Even tho the price is a delicate subject, 16.120 coins being needed to get your Masternode up (around 60K$ at this time) the profitability increased a lot! To make an idea, here’s some info:

Pre-fork, a masternode would get 40% from every PoS block (1 LUX / Block — 0.6 to the staking wallet and 0.4 to the masternodes)

After-fork, a Hybrid Masternode gets 20% from everything. 0.2 LUX for every PoS Block (1 LUX/ PoS Block ) and 2 LUX from every PoW block ( 10 LUX / PoW Block ) Judging by the current block movement, about 1350 blocks are mined each day, 50% PoS and 50% PoW and with about 50 Masternodes being online right now, this means about 30 LUX/ Day for your Masternode, or an almost 60% annual ROI right now, and blockchain is not even at full speed yet, as the Developers announced post-fork that the block time has been increased a bit and will come back at normal once the network will prove stable enough. Overall the masternodes are at over 100% increase in their rewards after the fork, with another coming increase when block time will be brought back to normal.

Block Pruning is another feature implemented with the V5 Release, this feature is set to reduce the block size and help the wallets sync faster with the network, offering a more friendly user experience.

LUX PoS Enabled Web Wallet — First of its kind

Launched in April, LUX PoS Wallet is the very first LUX product, it is already in use and absolutely FREE for LUX “hodlers”, so you can stake your $LUX with NO COST! The Web based wallet is reliable and stable, being hosted by Amazon Web Services and it puts security on the first place with the best available security features being implemented on it, also offers 2FA capability and also cluster approach to ensure node decentralization. LUX Web Wallet also offers its users the ability to use and control their private keys with no restrictions, bringing full control of the funds in the hands of the user. LUX is a project that wishes to collaborate with most of the blockchain projects, so they plan to offer the Web Wallet as a service for more crypto projects.

You can try the LUX PoS Enabled Web Wallet right now!

*this photo was taken at the official LUXCore meeting in San Francisco

LUXCORE Team

LUXCore team is formed by experienced professionals in different domains and also contains some of the biggest names in the space.

Brian Oliver, the C.E.O. with a successful business plan and the mindset of a winner. He is guiding the project, making sure that the team has everything at disposal and planing the project’s success for the future, focusing on making LUX the next big thing.

216K155, as CO-Founder of the project, he puts his fingerprint on the project with his genuine ideas, bringing them to life along with all the development team members, such as tpruvot, tran or anorganix, names that have prove themselves with every release, bug fix and most important with every GitHub commit they do. They are the reason why LUXCore is one of the most active projects on GitHub right now!

Cosmin Tudor, as Growth Officer & Product Development, with more than 10 years of experience in Software Architecture & Development also puts his fingerprint on the project along with the developing team, bringing this project to the top, step by step.

BRIAN F. as Technology Officer, with over 18 years of experience as an IT Specialist, focused on bringing stability to the network, along with the developing team and making sure of every product reliability. Also a great community leader, as he has proven himself every time on discord and not only.

Hari Sadasivan, as Business Strategy and Planning Officer, with his strong experience is making sure that every step of the roadmap is carefully planned and executed safely, so that the final product will prove to be as efficient as expected. Also responsible for communication with the community, future partnerships, business roadmap, future projects and risk management.

Tanguy Pruvot, as Lead Cryptographer for LUXCore, tpruvot comes with more than 25 years of experience in cryptography, algorithm development, mining software development and pool management, he is a strong pillar for the LUX Project, also mainly responsible for the unique PHI2 algorithm and its stability, bringing LUXCore the most Eco & GPU Friendly algo in the space.

Sebastian Berger, as Lead Developer for the WEB PoS Enabled Wallet & Mobile Wallets. Sebastian holds great experience in the IT and Developing space with relevant experience in programming and he is responsible for the ground breaking LUX PoS WEB Based Wallet and its stability.

Guillaume Huot. as Developer, Front-end, UI/UX, comes with an experience of over 10 years, he is specialized in front-end development, user experience and graphic design, being responsible for the final user interaction with LUXCore products, he is making sure that every LUX product is user friendly and easy to use.

Tran Nguyen. as Core Developer and Wallet Development, with over 11 years of experience in Software Architecture & Development in Embedded System, Window desktop application, Linux kernel and app. development, he offering his qualified and experienced expertise for LUX Products, responsible with most of the BUG fixing, along with the developing team is making sure that every LUX Product is safe and ready to use upon release.

Eric Juta, as member of the Core & Development team, he brought his experience to help building and ensure functionality of LUX Products, together with the LUXCore development team.

Maxim Dzekelev, as Developer for LUXGate and Parallel Masternodes, with more than 13 years of experience in the field, he is taking care of some of the most important LUX goals and making sure of their solidity.

John Kim, as Business Program Execution & Client Operations, he brings his multiple years of experience ind IT and Project Management into the LUX Project and is focused on making LUXCore a choice for Enterprises, ensuring a continuous evolution for the project in the Business field.

Ben Wellington, as Marketing & PR Officer, is responsible for the revolutionary marketing campaign that is about to take place, also for the recognition of LUXCore brand in the space and to bring the word of LUX to the ears of those who are making their first steps into this space.

David Wilson, as Head of Technical Support & Operations, with over 5 years of experience in crypto space, he is also leading the team of LUX Chat Moderators, he has proven to manage one of the most active support teams in the crypto space, with a 24/7 support team at the disposal of all LUX users, finding solutions for delicate situations, this way he managed to build a trusted team in the front-line between LUXCore and final users. David is also responsible for the technical support of the chain, providing solutions for unforeseen situations, along with the development team.

Paul P, as Head of Test management,Technical documentation and Support , with over 25 years of IT experience in large corporations, Paul is also a strong pillar for LUXCore, being responsible for the product testing and support, so that every released product can meet the end user expectations.

Zach Forsyth, as Cyber Security Expert & Consultant, having more than 20 years of experience in Cyber Security, Zach is the man responsible for Core Product Assessment & Security Review, making sure that security is never on the second place for any LUX Product.

John McAfee, as Advisor, Enterprise Strategy , being one of the most notorious names in the space, McAfee is not here to bring attention to LUXCore, as many would consider, but to advise LUXCore in making the best decisions when it comes to Enterprise use case and to guide LUX on its future path to mass adoption.

Lucas Marshall, as Official Blogger and Chat Moderator — with his journalist experience, Lucas is conducting the media spreading of LUX in collaboration with the marketing team. He is also one of the LUXCore Chat Moderators, offering support to LUX Users on the open media platforms.

LUXCore team is continuously growing, adding new Developers, Supervisors as well as Core members and Moderators.

LUXCore Official Support Team — Chat Moderators (Nicknames):

CryptoBurbano

dannyo

deadthings

Geraroz

gilligan

MGATrade

lupanar

SecretAgentMan

TopoX

Community growth and evolution in time

LUX has seen a huge community growth in time, giving its relative low adoption at this moment, by gathering all, early adopters, hodlers, masternodes owners, miners, pool owners and developers in one discord channel, so they can all communicate with each other and speak their opinions. They also have an open channel to suggestions, offering the community the easiest way to speak their mind and maintain a permanent connection with the team, considering that 90% of the LUX Team is being present on the official discord channel. Together, they have passed thru all good and bad moments. Unreached deadlines were for sure a present subject in their chat, where both, the Developing team and the Community said their opinions and ultimately got to an understanding of the reasons for every bump in the road. Open minded developers and core members made possible the communication between the community and the team and this will bring a lot of gains in the future for this project. This community will continue to grow, as more people will find out about LUX and understand its benefit to the blockchain.

The future of LUX, or where is this project heading right now?

In the past weeks, LUXCore made some significant changes and along with the V5 Release, a new path opened in front. Some of the most important features and products have been already implemented and released, such as PoS Web Wallet, SegWIT, Smart Contracts, Hybrid Masternodes, Block Pruning and right now they are with Parallel Masternodes, LUXGate, LUXSend, and Multi-Signature implementation knocking on the door. As I previously stated, with Smart Contracts fully activation at block height 350.000, this project is seeing more and more development each day.

The time has come for LUX to shine! Not long ago, a promo spot was filmed in Barcelona, with some of the team members. As you may know from a previous article, LUX has already planned a massive marketing campaign for the near future, a “televised revolution” as they called it, with LUXCore being presented on CNN and Innovations TV at FOX Business. Also, one of the most important upcoming steps for LUXCore is the next Exchange Listing, one big step for LUX that will bring a massive number of new customers and considerable volume to the project. What does this mean? It means that $LUX, the best kept secret in crypto is coming to the light step by step. Many asked why this project is not marketing itself more, and the team’s answer was that they want to market a real product, not the dream of a working product, so when people will find out about their unique project, there will be proofs, no empty promises.

LUX is a project that has silently gathered some of the most appreciated names in the space and built a strong community around it. There have been good days and there have been bad days, I am personally involved in this project since late February, and I’ve been riding the waves with it, it has not been an easy sail, and will not be easy for sure, but one thing I know for sure, nothing will stop these guys from reaching their goal, no fudder, no toxic comment and no competition, they know what they are doing and they know for sure their destination.

The bumps in their road are because they are not riding an old road, made by others, but building their own.

This is LUXCore and LUXCore is future.

Let there be ~LUX~

OFFICIAL LUX WEBSITE

OFFICIAL LUX TWITTER

OFFICIAL LUX DISCORD

OFFICIAL LUX REDDIT

Disclaimer:

*In this review, I wrote my personal opinion and the available information about LUX Project and its path for the future. This is not to be considered a financial advice and you must always do your own research before investing in any project.