Luxcore | First of its kind segwit + smart contract + masternode using PHI2 pow/pos hybrid algorithm

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 will introduce Smart Contract capability that will enable the unification of blockchains through LuxGate and PMN.

Through the introduction of SegWit, Lux will separate transaction signatures. This is achieved by stripping the signature from within the input and structuring it to the end of a transaction.

PARALLEL MASTERNODES

The enablement of this private network is aimed to address reliable and secure needs of enterprises and institutions.

LUXGATE

LuxGate is nothing short of a technological marvel in the blockchain space. LuxGate will allow communication between validated blockchains with the ability to perform advanced functions and tasks.

PROOF OF WORK

PHI2 presents the most efficient GPU mining algorithm. GPU friendly, and ASIC resistant. High hash rates, without increasing power consumption. Providing miners with more profitability due to lower electrical costs.

Total PoW blocks = 6,000,000
Block Size = 4MB
Block Time = 60s
POW Block Time = 120s
POW Rewards = 5 (POW) + 2 (MN) + 1 (DEV FEE)
Default Port: 26969

Lux legacy address start with L
p2sh-segwit address start with S

NVIDIA GPU

PROOF OF STAKE

LUX PoS is Static, not Dynamic. Dynamic rewards a % based on the amount of coins you hold, which can cause those that hold less, to wait days or even weeks for rewards. Our system rewards a static 1LUX to all staking, regardless of the amount of coins. Those that hold more coins, are rewarded more often. This allows for all individuals staking to be rewarded, without long waiting times due to others large weight. Which means, having your wallet open and staking is a great way to increase your coins.

POS STATISTICS :
POS Rewards = 1 LUX
Target Spacing: 120s
Maturity = 80 Blocks
Minimum Stake Age = 36 Hours
No Maximum Stake Age
Unlimited Maximum PoS

Masternode Requirement 16,120 LUX
Masternode Reward 25% PoW/PoS
Dev fee 16.67% PoS

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