Luxcore Weekly Report: September 28, 2018


MARKETING AND BUSINESS UPDATES

Official Luxcore Merch Store:

Luxcore opened its official merch store at https://store.luxcore.io/. The store includes a variety of Lux-branded swag including clothing, phone cases, hats, and this holiday season’s no. 1 must-have item, the Luxcore Mercury Mug!

Checkout securely with credit card, Google Pay or CoinPayments — a leading cryptocurrency payment processor accepting dozens of coins.


Behind the Blockchain:

This week’s episode of Behind the Blockchain featured the face of Luxcore’s monthly AMA and Chief Strategy Officer, John Kim.


Luxcore Academy // Security Tips:

Luxcore has a civic responsibility to provide leadership and mentorship in the area of blockchain security and to transfer this knowledge to our community in a manner that is easily accessible. To this end, Luxcore Academy provides brief security tips for our users. We encourage you to contact any Luxcore personnel if you have further questions about Luxcore Academy features — we would be only too pleased to discuss blockchain security issues in greater detail with you.

This week’s focus is on private keys. Giving your private key to a stranger is like handing your house key to a stranger. Stay alert; stay safe!



DEVELOPMENT UPDATES

Web wallet development:

— New features
+ Allow users to select inputs instead of whole addresses
+ Email users to inform account deletion if their account have 0 balance after 30 days.

— Services
+ Other coins testing is being performed now.
+ It is so far so good and we are ready for our services.

Mobile wallet development:

+ Mobile wallet is being reviewed for its UI design.
+ Lux UI components is being implemented also.

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.



— 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.

Explorer development:

+ Creating new design for:

* Main Page
 * Blocks Page
 * Addresses Page
 * Addresses Search Page
 * Blocks Page
 * Blocks by Date Page
 * Stats Page
 * Status Page
 * Token Search Page
 * Rich List Page

+ Enable https

Luxcore appoints senior smart contract specialist to advisory committee


Today, Luxcore is pleased to welcome Erick C. as Senior Advisor, and to announce the creation of the Luxcore Smart Contract Division. Erick C. brings not only his vast experience and expertise to the project but also access to his team of highly qualified smart contract developers and designers.

Erick C. will lead the search effort to appoint a permanent head of the Smart Contract Division, and once that appointment is made will stay on in an advisory capacity. In the meantime, he will be responsible for all technical and business elements related to smart contract implementation, including identifying partnership opportunities among third parties for on-chain smart contract creation using the Luxcore platform. Smart contract end users span a variety of sectors including finance, insurance, government, supply chain, health care, and many others.

“Luxcore’s blockchain provides a unique opportunity due to its forward-compatibility and sustainability relative to other smart contract platforms,” said Erick C. “As an advisor, I will work with Lux personnel to leverage that positioning and make Luxcore a leader in the smart contract space.”

Erick C. has been an active participant in the blockchain space since late 2016. His principal focus is to help create real-world use cases for blockchain technology that help bridge the gap between the cryptocurrency community and the general public.

An entrepreneur and business owner, Erick C. has roots in the construction sector and brings concepts to the table that will create a functional use case for smart contracts in the world of construction management. Erick C. is also an artist, actively creating a link between his hobbies and the blockchain space.

Erick C. is the founder of two Ethereum-based projects: Interface Token (interfacetoken.com) and Art Blocks (artblocks.io), both of which he intends on implementing on the Lux platform as soon as smart contracts are fully operational. He has also served as a director of the Monetary Unit (MUE) cryptocurrency and participated in early ideation and development of Helium Blockchain’s construction sector focus. He also serves an advisory role for a handful of other smaller projects.

The seat once held by John McAfee on Luxcore’s Senior Advisory Committee has been left empty since McAfee’s appointment as Luxcore CEO. Erick C.’s appointment to the committee is a clear signal that Luxcore is prioritizing the development and implementation of its nascent smart contract platform.

Due to exponential growth, forecasting the SC market beyond 2023 becomes problematic

Since its inception, the global smart contract market has been growing alongside continually-increasing adoption of blockchain technology. According to a recent report published by the Market Research Future, the global market for smart contracts is expected to reach approximately $300 Million USD by the end of 2023 with 32% compound annual growth rate (CAGR) during the period from 2017 to 2023.

Smart contracts are a crucial element of Luxcore’s ultimate goal of creating and supporting enterprise-class blockchain products and services. With a strong and secure smart contract protocol, Luxcore aims to become a platform upon which multiple end users can build their products and dApps, while forging robust agreements supported by blockchain consensus.

Luxcore Weekly Report: September 21, 2018


MARKETING AND BUSINESS UPDATES

The 2nd Official Luxcore AMA:


This week we released our 2nd AMA! If you haven’t had a chance to check out our responses to the community fielded questions, see below!

As always, we welcome any feedback you may have on how we can improve in the future. Additionally we will open up to more questions for next month’s AMA in the coming weeks so stay tuned!

Behind the Blockchain:

Our team felt it was about time the community started learning more about the faces behind the project. As part of our ongoing social media campaigns we introduced Behind the Blockchain!


This will be a weekly initiative so check back next week for our next entry!

Luxcore Academy // Security Tips:

Security is a very important topic with the wild west we are experiencing in crypto so it only felt necessary to step a bit into that realm and shine some light on it for our community. For the next few weeks, the academy will sidestep into the security realm in an effort to better prepare and keep safe.



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.

Luxcore AMA № 2

The following is a transcript of the questions and answers featured in the second Luxcore AMA, posted to our YouTube channel on September 17, 2018. You may watch the AMA in its entirety below. And don’t forget to subscribe!

johnnystar: Hey guys, John here from Luxcore. We’re here to do another AMA. We really appreciate the feedback that you guys gave us last time. We’re gonna be switching things up a little bit just to make things look a little more natural and organic.

I have with me on the line fragilemk. He leads our communications and social strategy. He’ll be moderating all the questions that you guys gave us, and if you just want to give yourself a quick introduction fragile?

fragilemk: Sure, yeah. As John said I’m fragilemk. I lead the communications and social strategy for Luxcore. I’m the one that’s putting out all the new campaigns we have initiatives on Twitter and Medium and so on and so forth, and it’s part of my job to make sure that the community knows what’s going on with our product, and the AMA is part of that. So it’s only natural for me to get involved and be the one to help push this thing along, make it a little more natural, and we really want it to be more of like a conversation as if you were asking these questions of us.

Hopefully you guys you like this new format and in that spirit we’ll keep them coming. If you have more pieces of feedback you want to give us, please do. We’ll continue to evolve and improve and do whatever we can to keep things moving in this direction with that open communication and transparency moving forward.

So John, if you’re ready to go I’ll go ahead and start with the first question?

J: Yep, let’s do it.

F: Cool, man. So the first question is, “Can you please give us an update regarding the circulating supply for Lux? How many premine coins are now in circulating supply? Coinmarketcap isn’t taking any of the premined coins into circulating supply. I understand if you don’t want to release details about what has happened to premined coins, but I would like to see at least how many coins are in circulation.” You want to go ahead and take this one?

J: Yeah, so, this question has come up in the community a lot ever since we released our blockchain. We did have a 5% premine, but one thing we note is that Lux did not have an ICO so that 5% premine is purely for development, marketing fees, exchange listings, salaries, and company founders, things of that nature. We use that premine in order to keep developing, and so that we can freely keep developing as well too because without funds, obviously, we wouldn’t be able to release new products like the PoS Web Wallet.

This 5% premine is for the entirety of the project and how long the blockchain lasts. It’s not something that we’re going to have an ICO or something out of nowhere or take any other coins. That’s it. You know, it does help us out a lot, and I think it’s something necessary that we had to do.

F: Just to chime in also on that, something to note is you know unlike ICO’s with the funding we also launched a mainnet with a product already. We’ve got a lot going and we have products that are launched and in development. So it’s more than just an idea; we’re actually bringing stuff to market.

Awesome! That’s really cool! A personal question of mine — and I think some people might feel the same way I don’t want to know — it’s good to shine light on the premine and the history and what our plans are for it… But can you talk about how we’re currently doing on spend? Maybe a little bit about our financials?

J: Like you said, I can’t go into specifics. We do document every spend that we’ve done from our premine. So everything is documented; don’t worry about that.

I think one important thing to note is that we don’t actually sell our funds pre-emptively but rather we sell it when we need it, on a need-by-need basis. I think that’s pretty important because we don’t want to be putting coins out there into circulation every month. We’d like to hold it as long as possible too, so only when we actually need it.

Also, what you were asking about how much percentage have we used, I would say around 30 to 40 percent, and that’s actually a lot less than what we foresaw so I think that’s actually a pretty good turnout from what we expected.

F: Awesome! That shines a lot of light on there, and if you have any follow-ups, community, please let us know!

Let’s move on to the next question. “According to McAfee, the DEX is the most exciting, crucial, critical piece of development Lux can bring out. The quote/unquote “common folks” do not understand a DEX or its benefits/disadvantages, like liquidity. Having a nice GUI will help users, but if Lux wants the DEX to succeed I think more effort efforts will be needed. What will you do to promote the DEX, educate users, and onboard those less technical?”

J: To the first point, I completely agree with John McAfee that the DEX is a very integral part of blockchain and cryptocurrency itself. The main purpose cryptocurrency was created was for decentralization, right? A DEX further improves decentralization from central exchanges, like Binance or whatnot. I think it’s important that — for people like “common folks” it is a little more difficult to use — so we need to educate our users; we need to educate people in general on how to use a DEX. Things that we’re going to be doing in the future: video tutorials, guides, we’ll have influencers reach out to people to gain more exposure on how to educate them, and we have our Lux Academy — and I’m sure you know that pretty well fragile; you lead that effort. We’ll be using all sorts of these resources to educate our users.

F: Yeah, that’s a big focus. Just again to chime in on that, in addition to the Academy there’s a lot of other stuff that we’re working on to educate people overall on the space. So it’s not just about our project, but it’s about what’s special about our project in this space. We’ve even just — a little sneak peek — have some stuff that we’re working on. What we’re going to be showing, security tips stuff about just how to how to keep yourself secure and we think that’s very important. We want our community to stay safe out there and this kind of Wild West that we’re working through right now.

J: Exactly.

F: Cool, man! Well, let’s move on. Here’s another good one: “As we all know Bitcoin Cash is a hard Fork of Bitcoin, with one of the main reasons that Bitcoin core thought hard-forking Bitcoin was too risky. Luxcore doesn’t exactly have a track record of pulling off hard forks without running into some issues. How will Luxcore regain its trust to pull off hard forks in the future, when the coin is much more widely used?”

J: Good question! That hard fork that we went through was probably one of the most chaotic times f not only our developers, but for community managers, for the whole team because there’s a lot of things that needed to be done that had to be well-executed. But at the same time we needed to make sure that it was a smooth transition until we had a working blockchain. That was the hardest part, honestly. We want to keep our deadlines and I think that was a big part of why we kept trying to get a perfect blockchain right away: because we want to hit those deadlines. But I think in the future the most important thing for us would be to be transparent with you guys, the community and have something like what Ledger does.

Ledger, they actually have a public Trello, a project management site, where they show all their users, all their clients or whatnot what their progress is on that project. Something like that could probably help, and have our end game more transparency to our users.

F: In addition to that I would say for anyone who’s not currently on it, join our Discard join our Telegram. Especially in Discord, you’ll see the GitHub commits, you’ll see the devs working 24 hours a day on updates and making sure that we’re putting everything we have into our product.

Also, in addition to that, ask questions! We want to keep lines of communication open. That doesn’t always have to be us towards you. If you have questions, come to us. I mean, that’s what this AMA is! We’re happy to keep that communication open and let you know how things are going with the project.

The next question: “I believe in the past I’ve heard you refer to Luxcoin as a commodity. The CFTC has worked towards classifying cryptocurrencies as commodities but the SEC is making efforts to classify them as securities. I’d think they could be both on a case-by-case basis, but within this regulatory climate how do you currently classify Luxcoin? How would you defend your position in regards to how you classify them or does it end up being malleable when working with different jurisdictions?”

This is right up your alley, John so have fun with it!

J: I was just going to say that’s right up my alley! I think the first thing to point out is that Bitcoin and Etherium, we just recently found out, were accepted as commodities because of the fact that they’re so decentralized. Just segueing off of that, we did hire lawyers at a top 10 — no, top 100 — law firm in New York City, and I’m closely working with one of the partners there. So we have gained progress on trying to figure out what we’re going to be classified as. It’s back and forth between us and the law firm, between documentation and all these things that they need. And once we get everything sorted out, they’ll talk with the SEC and hopefully we’ll get an answer on whether we’re a commodity or security. But until then we can’t really say what we are. I’m hoping that we’re leaning towards the commodity. Like I said, we’ll see.

F: The answer to this question is we obviously have our mind set on where we would like to lean but we are taking the right steps to get it right, to do right by the laws that are out there. As soon as we know more, and as soon as we’re able to share information, we absolutely will.

Next question: “Will Luxgate require identity verification? And will the PoS Web Wallet always be free for Luxcoin holders, or is there a plan to charge a monthly maintenance fee in the future?”

J: Yes — this is an easy one. There will never be a Lux holders maintenance fee. The reason is because all of the monthly charges that we incur from this is going to be offset by when the clients start paying for a subscription base or however we’re going to be marketing our product.

F: Okay cool! I think that we haven’t really discussed too much — or at least you and I, John — but I think the answer to the, “Will Luxgate require identity verification” — we might have to get back to you guys on. Unless, John, do you know anything about that?

J: Unfortunately, not yet. We can follow up on that.

F: Awesome! Last question, and — it’s weird — I’ve never seen this question before; it’s brand new to me. I don’t know how we’re going to really address it, but here we go… “When will Lux become televised? Not a precise date, but a month estimate. And when will the Tier 1 exchange happen since it was promised since six months ago?”

J: For the televised event, we know we announced it and promised it a while back. We actually did finish everything. We finished producing it and creating the segment, but due to the reorg we have to reshoot it. That might take another month or two, so be on the lookout for that.

As far as the T1 exchange, obviously I’m not at liberty to say anything. We are in communications with a few exchanges — not necessarily T1, obviously. I can’t really say anything until we get listed. I can assure you, though, that we are talking to them.

F: There’s conversations going all over the place when it comes to that stuff. Just for people to understand — and I know we might have mentioned this before but it is important for us to get the point across — that when it comes to exchanges, it’s really out of our hands. There’s only so much we can do.

In addition to everything that we’re doing from a communications standpoint, and transparency, and letting you guys somewhat behind the curtain, we will absolutely let you know as things go. There are certain times where we have a) no control, and b) we have nothing to update on. Please hang in there and we’ll let you know — if you have the question, if you have it burning inside that you want to ask again — and we’ll let you know where we’re at. Just know that we will be honest.

That’s the last question of the AMA so we are going to close it up now. Thank you everyone for tuning in! We really appreciate you taking the time to a) ask the questions, and b) come back for the answers.

If you have any feedback or ideas on how you’d like us to change things up, or suggestions, please let us know. John, is there anything else you want to add?

J: Just like fragile said, thank you guys for continually asking these questions. Keep them coming, obviously, and thanks for tuning in! Thanks guys.

Luxcore Weekly Report: September 14, 2018


DEVELOPMENT UPDATES

Web wallet development:

+ Prepare infrastructure/environment for other blockchain to use Luxcore’s PoS web wallet.
+ Deploy test environment to test a new coin.
+ Update terms & conditions.
+ Show immature stakes and txes in balance.
+ Dynamic calc of PoS reward: This is important for other coins.
+ It is so far so good now. We are ready for our services.

LuxGate development:

+ Improve the graphics for better user experience:

* Sign In
* Sign Up
* Addresses
* Settings
* Trader
* Home
* Trade Orders
* Instagram Posts
* Facebook Posts

+ Backend and frontend were integrated. The testing is being performed now.
+ New endpoint is under consideration. Will integrate it once everything is done.

QT wallet and Core development:

— “5.2.3” was released on Sept. 12, 2018 (UTC)
+ This is non-mandatory, but highly suggested.
+ It is the improvement from older version.
+ Features:

* Fix crash issue for luxd and lux-qt.
 * Fix stuck issue on sync.
 * Fix potential peers sync attack.
 * Improve LSR Token UI on overview page.
 * Fix crash issue due to date time attack on peer.
 * Fix wallet encryption fails with internal error.
 * Fix ReserveKeyFromKeyPool error on sending coins.
 * Fix “Read oldest key in keypool” issue.
 * Fix “Don’t use change address” issue.
 * Fix UTXO coin burning issue.
 * Add helper for tx size and tx fee.

— 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.

— 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

Luxtre wallet development:

— SmartContract & LSR_Token
+ Fix issues when calling SmartContract API
+ Update LSR_Token UI
+ Integrate LuxGate with default info

— Custom UI
+ Add split framework for custom UI

Explorer development:

+ Improve processing for getstakinginfo and getstakingstatus API
+ Improve color theme, logo, navbar for better user experience
+ Implement TPS (transactions per second) stats (eg: maximum TPS with minimum tx size, maximum TPS with average tx size, maximum TPS with max tx size)
+ Reduce needed bandwith: Start-up times will be much faster
+ Implement PoW and PoS block count from last 24h
+ Implement “copy address to clipboard”

Luxcore Weekly Report: September 7, 2018


MARKETING AND BUSINESS UPDATES

Proof of Stake Web-Wallet-as-a-Service

As you might recall from our March 31 blog entry (link here), then-CEO Brian Oliver said, “The PoS web wallet… will be our first real product that we can then sell to other projects.” This week, we have made significant strides towards making that a reality.

Luxcore’s Proof of Stake Web-Wallet-as-a-Service, tentatively called Lux WebWallet, is the first staking WaaS compatible with literally all Proof of Stake blockchains. Materials are being developed to support an imminent marketing campaign wherein Luxcore will seek to monetize the WaaS with other blockchain projects who wish to integrate a staking web wallet into their own ecosystem. This will be accomplished via licensing agreements.

We’d like to share some of what we’ve been working on to support the Lux WebWallet marketing campaign. The first is the Lux WebWallet landing page, featuring extensive information about the Lux WebWallet’s features, infrastructure and application. It also includes a sign-up form for projects interested in participating. Check it out below!

https://www.luxcore.io/poswebwallet/

We’ve also developed what we believe is a rather sexy video trailer to serve as a quick introduction to the Lux WebWallet. This is something we plan to leverage across multiple platforms once the marketing campaign is underway. Check it out below!

For those who want a bit more hands-on information about the functionality and usage of the Lux WebWallet, we’ve created a walkthrough video, narrated by Yours Truly. This is a handy primer on how to use the Lux WebWallet — not just for Lux, but for any project that may be interested in licensing it. Check it out below!

And lastly, as you might have already seen earlier this week, we created a Blog post which we plan to leverage as a press release in support of the upcoming Lux WebWallet marketing campaign. If you haven’t read it yet, you should. Check it out below!

https://www.luxcore.io/poswebwallet/


DEVELOPMENT UPDATES

Web wallet development:

+ Prepare infrastructure/environment for other blockchain to use Luxcore’s POS web wallet.
+ Deploy test environment to test a new coin.
+ It is so far so good now. We are ready for our services.

LuxGate development:

+ Improve the graphics for better user experience:

* Sign In
* Sign Up
* Addresses
* Settings
* Trader
* Home
* Trade Orders
* Instagram Posts
* Facebook Posts

+ Backend and frontend were integrated. Testing is being performed now.

QT wallet and Core development:

— Bug fixing and improvement
+ Fix crash issue for luxd and lux-qt.
+ Fix stuck issue on sync.
+ Fix potential peers sync attack.
+ Improve LSR Token UI on overview page.
+ Fix crash issue due to date time attack on peer.
+ Fix wallet encryption fails with internal error.
+ Fix ReserveKeyFromKeyPool error on sending coins.
+ Fix “Read oldest key in keypool” issue.
+ Fix “Don’t use change address” issue.
+ Fix UTXO coin burning issue.
+ Add helper for tx size and tx fee

— 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

— 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

Luxtre wallet development:

— SmartContract & LSR_Token
+ Fix issues when calling SmartContract API
+ Update LSR_Token UI
+ Integrate LuxGate with default info

— Custom UI
+ Add split framework for custom UI

Explorer development:

+ Improve color theme, logo, navbar for better user experience
+ Implement TPS (transactions per second) stats (eg: maximum TPS with minimum tx size, maximum TPS with average tx size, maximum TPS with max tx size)
+ Reduce needed bandwith: start-up times will be much faster
+ Implement PoW and PoS block count from last 24h
+ Implement “copy address to clipboard”

Luxcore introduces the first staking web-wallet-as-a-service

Lux WebWallet is a Proof-of-Stake Wallet-as-a-Service; the first of its kind. It is an easy-to-use software solution for end-users of all capabilities and reduces the potential for user error. It is also a turn-key solution that developers can integrate into their own projects, compatible with literally every Proof of Stake blockchain in the known universe.

Lux WebWallet directly addresses the most pressing security concerns about Proof of Stake hashing, and it leaves a smaller carbon footprint than traditional Proof of Stake wallets. Lux WebWallet is the solution you have been waiting for to optimize Proof of Stake and chart the course ahead for blockchain technology.

Lux WebWallet: The first of its kind

A blockchain requires consensus to survive. Until recently, consensus was achieved through a series of challenging, algorithmic puzzles called Proof of Work that would take considerable computing power to solve. But as the world struggles to contain the effects of decades of greenhouse gas emissions, the electricity consumption needed to fuel these consensus algorithms becomes less and less sustainable.

More advanced hashing algorithms have been developed, such as Luxcore’s PHI2, that consume considerably less electricity and produce significantly less heat. However, a more efficient Proof of Work algorithm does not solve the sustainability problem of blockchain consensus, only reduces it.

Achieving consensus without leaving behind a problematic carbon footprint is the future of blockchain technology. And therein lies the essence of Proof of Stake. With Proof of Stake, the blockchain no longer requires massive mining operations to solve complex computing problems. Instead, a Proof of Stake hashing algorithm utilizes the blockchain itself and the distribution of assets across the network to generate consensus.

Just this week, Vitalik Buterin of Ethereum said, “PoS is necessary. Not sure why anyone is surprised.” Proof of Stake is not perfect, though. There are security vulnerabilities associated with so-called Nothing-at-Stake attacks and Long-Range attacks. Plus, Proof of Stake requires all network actors to keep a full copy of the blockchain connected to the network at all times — this means leaving computers on that might otherwise have been turned off. This limits the positive impact Proof of Stake might have on reducing greenhouse gas emissions relative to Proof of Work.

Lux WebWallet addresses literally all of these issue.

Lux WebWallet is the first and only Web-Wallet-as-a-Service capable of supporting Proof of Stake hashing algorithms. This frees blockchain actors from the shackles of having to leave their computers on 24/7 in order to earn stake rewards. With Lux WebWallet, a project instantly becomes more sustainable by allowing users to turn off their computers without risk of losing rewards for the first time in blockchain history.

Lux WebWallet relies on an advanced, distributed multi-node architecture for its network infrastructure. Although the user-base remains purely decentralized, responsibility for network maintenance and IT support is centralized within the project hierarchy. This centralization of the more prosaic and esoteric aspects of the technology significantly reduces the incidence rate of user error, thus freeing support personnel to engage in more cerebral exercises for moving the project forward.

It furthermore provides a backbone capable of decision-making when confronted with potential consensus problems associated with various Proof of Stake attack vectors — namely, Nothing-at-Stake attacks and Long-Range attacks. In this way, Lux WebWallet allows for a degree of logic to be infused into the re-establishment of consensus, which can help stave off malicious attacks.

Make Lux WebWallet a part of your project today

Lux WebWallet is scalable, modular, adaptable, and truly the first of its kind. It supports every form of Proof of Stake and is ready to support yours today! If you’re a developer and would like to add Lux WebWallet to your project, visit https://www.luxcore.io/poswebwallet for more information. And if you’re a Proof of Stake blockchain user who would like Lux WebWallet for your project — talk to your coin team today!