Greetings dear community! Even though we have not published a community update in some time, this does not mean that the work has stopped, quite the opposite! We are continuing to improve every product and work ‘round the clock for the big release that everybody is waiting for, LUXGATE. However, we still have a few steps until then and in this article we are addressing the news, articles, development, bug fixes and changes that happened since our last update.
MARKETING AND BUSINESS UPDATES
During this period, LUXCore faced a few structural changes. John McAfee left the position as CEO of LUXCore and his spot is waiting to be filled by the propper person. In the meantime Guillaume “Arsonic” H. the COO of LUXCore is taking the interimar CEO position. Also during this time, our team has forged new partnerships and released the mobile version of the POS Web Wallet, available now for iOS and Android. In the next section you will find a summary with all articles and news that were released since our last Community Update, so you won’t miss a thing!
Luxcore is proud to announce the next in our series of global strategic partnerships. We have recently signed a Memorandum of Understanding (MOU) with Gath3r, a web miner boasting their own blockchain with features such as merged mining and a turn-key solution for easy forking.
As the free web grows and morphs into Web 3.0, websites are being pressed into finding new methods of monetization that are less reliant upon the actions of visitors. In particular, advertising revenues for websites have been in sharp decline due to the proliferation of ad-blocking software and browsers. Gath3r is creating a next-generation, non-intrusive web miner to provide an alternative revenue stream for websites aside from advertising.
Their latest roadmap consists of powerful features built upon blockchain technology. Merged mining will mitigate 51% attacks against any forked chains under the Gath3r ecosystem, thereby quelling the most compelling threat against any Proof of Work blockchain. Another important feature is Gath3r’s turn-key solution that allows developers to fork or clone an existing blockchain, and subsequently develop and deploy their own coins, dapps or platforms.
This proposed partnership will greatly benefit both companies. Gath3r has agreed to use Luxcore’s proprietary in-house explorer as well as Luxcore’s Proof of Stake web and mobile wallet-as-a-service products when their blockchain rolls out as planned in accordance with their 2019 roadmap. Meanwhile, Luxcore has agreed to join Gath3r’s merged mining feature, which will offer the additional benefit of significantly reducing any potential for a 51% attack against the Proof of Work portion of Luxcore’s PHI2 hashing algorithm (a threat that is already greatly mitigated by the Proof of Stake portion of our hash). The Gath3r agreement thus acquires a licensee for Luxcore’s web/mobile wallet-as-a-service and block explorer products while simultaneously securing our blockchain against malicious attack.
Gath3r’s will be holding their Initial Exchange Offer (IEO) on the Coineal platform in the coming weeks. You can learn more about Gath3r here https://gath3r.io/.
week, Luxcore announced that it would seek to build a strong network of
global business partnerships in the Middle East and North Africa (MENA)
region over the coming months.
are delighted to confirm that this process has already got off to a
successful start. Luxcore has today signed a Memorandum of Understanding
(MOU) with TEQNOBLOC, a renowned technology and digital transformation
consulting firm, in order to jointly develop blockchain products and
undertake consultation and services projects in the MENA region.
Blockchain is increasingly becoming a budgeting priority for many countries around the world. Although North America, Europe, and Asia are the traditional technology leaders, one region that is making a large impact in the blockchain space may come as a surprise to some. “Middle East and North Africa (MENA) IT spending is projected to reach $160 billion in 2019, a 1.8 percent increase from 2018,” according to the latest forecast by Gartner, Inc. MENA is also increasing its budget for blockchain spending and not surprisingly almost doubling it every year until 2021.
Looking further ahead (and including all of the African continent), the International Data Corporation (IDC) forecasts “blockchain spending in MEA to reach $307 million in 2021, which represents a compound annual growth rate (CAGR) of 77.4% for the 2016–2021 period.” IDC goes on to indicate that the most popular blockchain use cases in 2021 will be cross-border payments and settlements, assets/goods management and identity management. These three areas alone will account for a third of MEA’s overall blockchain expenditures in 2021.
We are proud to announce that Luxcoin has been officially integrated into ivendPay’s integrated point-of-sale payment system. ivendPay is the world’s first multi-currency payment system for enabling payments in any cryptocurrency, digital or fiat currency.
ivendPay is the world’s leading solution for enabling mobile payments for any type of goods and services via QR-code. ivendPay vendors accept a myriad of fiat and cryptocurrencies, now including LUX. They currently have two products: a payment module for vending machines and a mPOS terminal.
What Can You Do With Your PoS Mobile Wallet? a. Staking LUX With Your PoS Mobile Wallet b. Securing Your Funds Via the LUX Mobile Wallet c. Heightened User Control When Transacting
Walkthrough: How to Use the LUX PoS Mobile Wallet
Hello Luxcore community and readers! We’re excited to announce the rollout of our new Luxcore Proof-of-Stake (PoS) Mobile Wallet for Android/iOS a follow up to our already first-of-a-kind PoS web wallet for storing your LUX. At Luxcore, we’ve been striving to bridge the gap between everyday users and highly technical concepts which otherwise would have been just a mere buzzword for most.
This past Thursday (March 21), Luxcore released its detailed project roadmap for 2019, outlining exactly what tasks are being worked on, how far along towards completion each task is, as well as expected timelines.
In recent months, development throughout much of the blockchain industry began to slow as cryptocurrency markets went into retreat and funding availability became suppressed. Luxcore, though, continued to trundle on, quietly working on important long-term projects like LuxGate and the Parallel Masternode Network.
Here is a summary of some of the more important details from last week’s roadmap:
We’ve added exciting milestones to our roadmap and are hopeful to achieve them. As you can see, we’ve had plenty of milestones hit in Q1 and will promise to keep delivering in the next quarters. We have also released a more detailed roadmap article that you can download here.