Luxcore Weekly Report: August 31, 2018


MARKETING AND BUSINESS UPDATES

Brand Guidelines

This week the team released our official guide to Luxcore design and branding. This will not only help our group maintain consistency in marketing collateral, but also for community or partners to represent our brand accurately.

In the link below, you’ll find a PDF document titled BRAND_GUIDELINES that describes proper usage of Luxcore branding. Additionally, there are a few variations of the Luxcore logo in both vector and raster format to be used for all internal and external marketing campaigns. No variation outside of these may be used.

https://www.luxcore.io/files/Lux-Media-Package.zip

Our CEO, John McAfee, heading to Malta

Don’t miss Luxcore CEO, John McAfee, at the upcoming @BlockchainMT Blockchain Summit this November in Malta. He will be speaking about the dark side of the tech as well as Luxcore.

https://maltablockchainsummit.com/

Luxcore CEO John McAfee will appear at Malta Blockchain Summit

DEVELOPMENT UPDATES

LuxGate development:

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

QT wallet and Core development:

— 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

— 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
+ And a lot of code refactoring and improvements

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

Web wallet and explorer development:

— Explorer
+ 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”

— Web wallet
+ Implement account management feature: Accounts with no balance for 90 days will be deleted.
+ And some minor bug fixing

Luxcore Weekly Report: August 24, 2018


MARKETING AND BUSINESS UPDATES

There is a lot of behind the scenes effort going on, which, unfortunately, we aren’t ready to share. With the recent reorganization a lot of moving pieces are doing exactly that… moving! Suffice to say, there are some awesome developments in the works.

That being said, we wanted to give a glimpse into a snapshot taken from our Twitter analytics. We’ve been making a ton of progress in augmenting our spirit of transparency and it shows!


We have more ideas of how to interact with our community but also are open to feedback on what you would like to see. So feel free to join us on Discord/Telegram and let us know!

https://discord.gg/27xFP5Y
https://discord.gg/27xFP5Y


DEVELOPMENT UPDATES

Luxgate UI development:

+ Open orders tab module view:

– Open orders for current pair table
– Personal swaps for all pairs table
– Polling live data from the LuxGate API

+ Improve status log order
+ Change layout widths for graph, swap and status panel for better view
+ Improve side panel: add send and receive tab
+ Place order book LHS and update chart height
+ Init balances tab panel
+ All the graphic UIs are created by our great designer: “The Wizard”
=> “User experience will be better than ever.”

QT wallet and Core development:

— 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

— Bug fixing and improvement
+ Fix random crash for master node
+ Avoid rebuilding blockchain database on unexpected close
+ Improve coin structure and processing
+ And a lot of code refactoring and improvements

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

Web wallet and explorer development:

— Explorer
+ Add value out stat
+ Add value out chart
+ Add fee stat
+ Add fee chart

— Web wallet
+ Deploy new slaves to increase capacity
+ And some minor bug fixing

Luxcore Weekly Report: August 17, 2018


MARKETING AND BUSINESS UPDATES

Reorganizing for a bigger, brighter future

This week we announced a massive update to the LUXCORE organizational structure. Some new faces as well as changing places setting our team up for a better and brighter future. Changes listed below.

New to our team:

John McAfee, CEO
McAfee has been supporting Luxcore in an advisory capacity since April. McAfee brings to Luxcore’s leadership a wealth of experience in developing and growing technology companies, including the groundbreaking McAfee Associates anti-virus company he founded in 1987

Frederick Angers, CFO
Frederick boasts more than 20 years of experience in accounting as a business owner. He owns an e-commerce business and has worked with many others. As CFO, Frederick will be responsible for managing the company’s finances, including financial planning, management of financial risks, record-keeping, and financial reporting.

FragileMk, Communications and Social Strategy
FragileMk comes to Luxcore with more than 10 years in creative marketing, operations and planning for a Fortune 500 company. He has expertise in creative execution and worldwide campaign planning. FragileMk will be responsible for managing communication and social media marketing strategy as well as day-to-day content creation and curation.

Luiz Augusto Sará, Designer
Luiz has been working in the design space since 2006. With a specialization in applied 3D design, Luiz has designed everything from lamps to architectural models. Luiz will be responsible for graphic design, web design and user experience.

Furthermore, a few familiar faces within Luxcore are also changing roles. This includes:

Guillaume Huot, formerly Front-End Developer, now COO
Guillaume has honed his marketing and business operations acumen over the past 10 years as owner of a successful web agency. He has worked with numerous small businesses and Fortune 500 companies across a variety of sectors. Guillaume will be responsible for managing and coordinating operations on both the marketing and development sides of the business.

John Kim, formerly Director of Client Operations, now Chief of Strategy
John brings five years of IT and Project Management experience in the U.S. professional services industry to Luxcore. He is also the CEO of his own startup e-commerce business. In his new role, John will be responsible for developing, communicating, executing, and sustaining strategic initiatives.

Danny Kuester, formerly Community Moderator, now Director of Business Development
Danny draws from 10 years of professional experience in managing the Finance, Controlling & Supply Chain departments of manufacturing companies on three continents. As Director of Business Development, his global experience will benefit Luxcore in developing partnerships and adaptations of Luxcore products within the blockchain industry.

The full article which goes into more detail on this announcement can be found at:
https://medium.com/luxcore/luxcore-reorganizing-for-a-bigger-brighter-future-10eb6b685987

Luxcore AMA is live!

Another milestone in the books with the launch of our very first AMA led by LUXCORE’s Chief Strategy Officer, John Kim. In this session, John answers community questions fielded from the company’s official Discord channel, provided yet another avenue for improving transparency.

See below for link to the YouTube video…

And below for the Medium story with written transcript…

https://medium.com/luxcore/luxcore-ama-1-cbb792e803b3


DEVELOPMENT UPDATES

QT wallet and Core development:

— Luxd.js
 + A LUX full node for building applications and services with Node.js.
 + A node is extensible and can be configured to run additional services.
 + Here are the list of APIs already supported:

– getBlock
– getRawBlock
– getBlockHeader
– getBlockOverview
– getBlockHashesByTimestamp
– getBestBlockHash
– getSpentInfo
– getInfo
– syncPercentage
– isSynced
– getRawTransaction
– getTransaction
– getDetailedTransaction
– sendTransaction
– estimateFee
– getAddressTxids
– getAddressBalance
– getAddressUnspentOutputs
– getAddressHistory
– getAddressSummary
– generateBlock
– listUnspent
– getNewAddress
– getAddressesMempoolBalance
– callContract
– getAccountInfo
– getSubsidy
– getJsonRawTransaction
– getTransactionReceipt
– getJsonBlock
– getDgpInfo
– getMiningInfo
– getStakingInfo

— Web3 JavaScript app API
 + No new updates as this feature is still in on-going development. Will update in next weekly update.
 + In order to make your app work on Luxcore, the web3 object provided by the web3.js library can be used.
 + Under the hood, it communicates to a local node through RPC calls.
 + web3.js works with any Luxcore node, which exposes an RPC layer.

— 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.

— Bug fixing and improvement
 + Fix random crash issue
 + Fix crash on re-indexing
 + Refactor some code and improvement

Luxtre wallet development:

— LSR_Token
 + Updated LSR_Token Tab UI
 + Added to state and actions to LSR_Tokens Tab
 + Combined state and actions with UI.

— Smart Contracts
 + Updated SmartContract UI for Windows version.

Web wallet and explorer development:

— Explorer
 + Add raw block/transaction view
 + Add PoS extraction doughnut chart 
 + Add block timing stats (avg. blocktime, avg. PoS blocktime, avg. PoW blocktime)
 + Add block timing chart 
 + Add transactions stats (avg. block size, avg. transactions per block)
 + Add transactions chart
 + Add staking stats (avg. stake input size)
 + Add staking chart (avg. stake input size and PoS difficulty)
 + Add difficulty stats (overall avg. difficulty, avg. PoS difficulty, avg. PoW difficulty)
 + Add difficulty chart
 + Fix order of transactions shown in block
 + Fix calc of generated value

— Webwallet
 + Deployed new slaves to increase capacity
 + And some minor bug fixing


Thanks for reading and, as always, check back next week for more updates!

Luxcore AMA № 1


The following is the list of questions and answers featured in the first Luxcore AMA, posted to our YouTube channel on August 16, 2018. You may watch the AMA in its entirety below. And don’t forget to subscribe!

Q01. The staking web wallet was designed to be licensed as a Software-as-a-Service to other cryptocurrency projects. Can you provide an update on where you are in terms of monetizing the web wallet?

A01. Licensing the web wallet has always been part of our commercial strategy since Sebi first conceptualized the project.

Currently we are exploring some additional features that would differentiate the commercial channels between a pure Wallet-as-a-Service model and a more fulsome Software-as-a-Service model. Since the web wallet launched, we have developed a better understanding of our infrastructure needs, scaling requirements and commercial viability from a price perspective. This puts us in a better place to start the marketing of the Wallet-as-a-Service model before the end of Q3.

Another feature we are looking into is bringing non-Bitcoin based coins and tokens into the fold and that requires a bit of “re-wiring” — so that would be something for the future. We believe there is a market to be tapped as coins like Ethereum move towards Proof-of-Stake consensus.

If you have a favorite Proof-of-Stake blockchain project that you think could benefit from using our wallet, please let us know in the comments.

Q02. Do you have plans for additional services or tools that you can sell or license to other cryptocurrencies?

A02. At this stage, the services arm of Luxcore is not yet fully operational. But I can give you an idea of some of the services and solutions we are gearing up to provide…

First of all we have a Smart Contract creation platform and service we are tentatively calling Xperto. It would be a pay per use smart contract creation platform that will be intuitive and aimed at bringing smart contracts to common folks with limited to no solidity experience. This will, in due course, be expanded for enterprise use as well under a subscription model.

We have plans for token creation services for anyone who wants to kickstart their own crypto projects or ICOs based on the Luxcore blockchain. This will of course undergo relevant vetting and validation before being approved.

There’s also DApp development and utility tools such as knowledge management systems, and customer relationship management tools for the crypto industry.

Probably our most important offering for other crypto projects will be an ecosystem of tools and services linked to LuxGate and its underlying technology. I can’t go into it much until LuxGate is operational, but we see it as ranging from turnkey centralized exchange engines to cross-blockchain marketplaces.

Q03. Are you looking at business use cases and eventually selling features or services to businesses and maybe training them on implementation?

A03. Short answer? Yes, absolutely!

From our perspective, there’s a market gap in terms of providing blockchain consulting services to enterprise customers. I’m not talking about “teaching newbies how to compete against us” but rather — providing full-service consulting and implementation to enterprises interested in integrating blockchain into their processes, be they fintech, supply chain, you name it.

We have a particular approach. Product ideation at our end is more often a collaborative effort between product teams and business teams. The approach is tied to the business’s core competencies. This is, we look to identify gaps in their processes and opportunities to bridge them using blockchain, rather than creating products on the blockchain just for the sake of using blockchain.

For now, our focus sectors and verticals will remain quite diverse. So we’re looking at the banking, payment processing & financial services industries; health care — specifically in compliance, risk management and patient information management; security & privacy solutions for industry and the IT service management sector; and some niche areas within supply chain management, especially in the procurement processes area.

Strategically, I would say, our target markets are the untapped, potentially huge opportunities in the Middle-East, Africa, South and Central America and South East Asia. That said, Luxcore team is truly international and will be pursuing growth in traditional markets in the EU and US as well.

Q04. Do you plan to build strictly in-house DApps and tools that clients can use, or are you relying on third-party development that is built on the Luxcore blockchain?

A04. Okay, so this question overlaps a bit with some of the previous questions — but I feel it is an important point to make…

Luxcore will support both the Software-as-a-Service model of licensing in-house built software to third-party users as well as the Platform-as-a-Service model of providing the blockchain-based backbone upon which third parties are free to develop their own software solutions. The Luxcore blockchain is completely opensource, and we will work on incentivizing the platform to support developers and to transform it into a thriving, competitive DApp marketplace.

Q05. How do you plan to reach enterprise customers to be able to market your products and services?

A05. Well, the first thing I’ll say in this regard is that we really, truly believe in what we have to offer. We think there is a broad market gap that we can fill, and to some degree good ol’ fashioned supply and demand economics will work in our favor.

But we’re not just going to leave the future of the company to destiny. The Luxcore team has considerable experience and contacts in certain specific industries to secure pitch sessions. I did mention before some target sectors and geographies — and those will represent our priority areas. To underscore that point, we are in the early stages of partnership discussions with an Internet-of-Things and Network Services Provider and consulting company in the Middle East for providing blockchain services to their customers.

And of course, this question speaks to the impetus for the recent Luxcore reorganization with John McAfee being named as our CEO. We will leverage his leadership, industry contacts and social reach to be able to provide our products and solutions the visibility they deserve and significantly improve customer acquisition.

Q06. Can you explain how the Parallel Masternode Network will work and what makes them important to the Luxcore architecture?

A06. This is a very understandable question, as not much has been known about the PMN outside of what has already been posted on our website. In very simple terms, a parallel masternode is a private server performing a specific set of functions for a private network that is secured by the Luxcore blockchain.

Parallel masternodes act as a gateway for the LuxGate technology they support, enabling cross-platform interfacing, legacy system integration, secure communication, and off-chain functions. The PMN is geared towards Enterprise customers that will have to undergo individual vetting before being licensed for operation.

Q07. Why was Solidity chosen as the programming language for Luxcore smart contracts instead of another alternative?

A07. We chose Solidity primarily due to adoption. It is by far the most frequently used language for smart contract creation in the crypto space. Due to the robust work that has already been done in Solidity-based smart contracts, it provides us an opportunity to piggyback on the advancements and innovation in this area to date, basically fast-forwarding us through several months of smart contract development.

We understand Solidity is more constrained than, say, a C++ or Java-based smart contract system would be, but it is — by design — inherently more secure against potentially disastrous outcomes as a result of user error than those other options.

That said, the discovery of attack vectors against Solidity is still in the early stages by virtue of it being a relatively new programming language. Luxcore will be on the front lines alongside the excellent devs on projects such as Ethereum, Qtum, Rootstock and others in securing Solidity for long-term growth and adoption. Ethereum is, after all, the closest you can get to a “tried-and-true” smart contract platform.

And that’s a wrap on Luxcore’s very first AMA. I hope it helped answer a few of your questions. If you have more, though, please join our Discord server and submit your questions for the next AMA.

Stay tuned for our next AMA at the end of the month, around the 30th or 31st.

Luxcore reorganizing for a bigger, brighter future


Over the past six weeks, Luxcore has completed a pair of successful hardforks in the project roadmap. The combined effects of these hardforks have introduced revolutionary new blockchain features to the Luxcore ecosystem that set it apart as one of the leading blockchain service providers in the industry.

The latest version — Mercury v5.2.1 — includes SegWit, block pruning, the PHI2 PoW/PoS algorithm, hybrid masternodes, and Smart Contracts. After months of long hours and hard development work, pushing the 25th most commits in all of crypto, the Luxcore technology has finally started to catch up to the promise this project has shown since late last year.

With the technology taking shape and transitioning from development to utility, the focus now shifts towards the business side as we seek to make Luxcore a strong, growth-oriented company moving forward. Today, we announce a massive reorganization of the Luxcore business designed to a) take fuller advantage of the skillsets already present within the organization, and b) introduce new personnel to key roles who are better equipped to captain a growth-oriented business amid the competitive blockchain environment.

The first and most significant of these developments has occurred at the very top. Brian Oliver has agreed to step down as Luxcore CEO to make way for incoming CEO, John McAfee. McAfee has been supporting Luxcore in an advisory capacity since April. McAfee brings to Luxcore’s leadership a wealth of experience in developing and growing technology companies, including the groundbreaking McAfee Associates anti-virus company he founded in 1987. As CEO, McAfee will leverage both his extensive business acumen and considerable social profile to drive real and sustainable growth in the Luxcore project.

Luxcore’s rapid development of game-changing technology requires a rapid escalation of business growth,” said McAfee. “In order to achieve the company’s growth targets, there will be a heightened emphasis on strategic marketing of products such as the PoS web wallet and the yet-to-be released LuxGate cross-platform exchange. I am excited about our aggressive growth strategy and the many innovations yet to come.”

Incoming Luxcore CEO, John McAfee

Joining McAfee as new additions to the Luxcore team are:

FragileMk, Communications and Social Strategy 
FragileMk comes to Luxcore with more than 10 years in creative marketing, operations and planning for a Fortune 500 company. He has expertise in creative execution and worldwide campaign planning. FragileMk will be responsible for managing communication and social media marketing strategy as well as day-to-day content creation and curation.

Luiz Augusto Sará, Designer 
Luiz has been working in the design space since 2006. With a specialization in applied 3D design, Luiz has designed everything from lamps to architectural models. Luiz will be responsible for graphic design, web design and user experience.

Furthermore, a few familiar faces within Luxcore are also changing roles. This includes:

John Kim, formerly Director of Client Operations, now Chief of Strategy 
John brings five years of IT and Project Management experience in the U.S. professional services industry to Luxcore. He is also the CEO of his own startup e-commerce business. In his new role, John will be responsible for developing, communicating, executing, and sustaining strategic initiatives.

Danny Kuester, formerly Community Moderator, now Director of Business Development
Danny draws from 10 years of professional experience in managing the Finance, Controlling & Supply Chain departments of manufacturing companies on three continents. As Director of Business Development, his global experience will benefit Luxcore in developing partnerships and adaptations of Luxcore products within the blockchain industry.

In addition to these new positions and roles, Brian F. has stepped down as Luxcore CTO, as has Ben Wellington, former Luxcore Marketing Director. Luxcore wishes Brian F., Ben Wellington and Brian Oliver all the best in their future endeavours within and beyond the blockchain space.

The net impact of this reorganization is that Luxcore is much more streamlined, with more clearly-defined roles among the company’s leadership. The new talent coming into Luxcore is uniquely well-suited to drive long-term sustainable growth throughout the remainder of 2018 and into 2019 as Luxcore seeks to achieve its many lofty goals on both the technology and corporate sides of the business.

Luxcore is a blockchain solutions and services ecosystem that focuses on designing and building enterprise-ready security and privacy products.

Luxcore Weekly Report: August 10, 2018


MARKETING AND BUSINESS UPDATES

Our First AMA Video Update is coming soon!

Earlier this week, our team opened up a channel in the official Luxcore Discord for community questions to be answered in our first AMA video going live on August 15th! Continuing our transparency efforts, this is just one more initiative our team feels will better help educate and inform the community with ongoing updates to our business.

Lux is now online at Investing.com.

Make your way over to check out the great content covering Luxcore!

https://www.investing.com/indices/investing.com-lux-btc

We all want more!

And yes, so do we. There are some behind-the-scenes strategic moves in-process we can’t disclose just yet. As you may have noticed, though, the editorial efforts are starting to roll out, interviews are being scheduled and our team is working full force on marketing, advertising and ongoing social strategy. Stay tuned for more of these improvements in the coming weeks. There are some incredible things happening.

DEVELOPMENT UPDATES

Smart Contracts:
 + Fully activated at the block 350K.
 + Fully compatible with other ecosystems like Bitcoin and Ethereum.
 + Produce a Virtual Machine compatible with both Bitcoin and Ethereum.
 + Compatible with Mobile devices, which allows Luxcore to promote the use of the blockchain technology to many Internet users.
 + This is a revolutionary concept that could impact global finance, traditional contracts and almost every industry in real world.

“Now that’s an amazing network, by the way, with parallel nodes, with privacy, the Lux Gate, and they are coming out with a decentralized exchange, and I think it will be one of the first distributed exchanges that actually functions using the atomic swap feature.” — John McAfee

Web3 JavaScript app API:
 + In order to make your app work on Luxcore, the web3 object provided by the web3.js library can be used.
 + Under the hood, it communicates to a local node through RPC calls.
 + web3.js works with any Luxcore node, which exposes an RPC layer.
 + This feature is still in on-going development. More updates to come…

Log rotation:
 + Finished matching log file size and log file count between option menu and lux.conf.
 + When log file size is reached, lux-qt/luxd will create the new log file automatically.
 + When log file count is reached, lux-qt/luxd will delete the oldest log file.
 + Therefore, we are no longer concerned about disk space for long-running wallets.
 + We can use it for Pool, MN owner, Mobile wallet, Web wallet and QT wallet now.

Wallet backup:
 + The number of wallet.dat backups can be configured in lux.conf and QT option menu.
 + By default, we will have 10 days’ worth of backups.
 + lux-qt/luxd will not back itself up if the wallet.dat file has become corrupted.
 + Can perform automatic daily backups when lux-qt or luxd has been running for a long time.
 + Together with private key and manual wallet.dat backup, the Lux wallet.dat file will be safer than ever.

Security improvement:
 + 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.
 + This feature is still on-going development. Will update in next weekly update.

Luxtre wallet development:
 + Implementing backup/restore wallet feature.
 + Added lsr_token tab in luxtre.
 + Adding features to manage state of lsr_token

Explorer:
 + Added LUX value in BTC and USD.
 + Added masternodes pages (map overview and server list).
 + Added Stats (Block extraction and explicit PoS extraction).
 + Added CSV download of addresses.
 + Search bar now on top instead of popup.
 + Added Network tab.
 + Added Richlist.

Web wallet:
 + Updated all slaves to 5.2.0.
 + Updated all slaves to 5.2.1.
 + Deployed new slaves to increase capacity.
 + Fixed the stuck dashboard.
 + Improved dashboard loading speed.
 + Load transactions only from last 10000 blocks instead of from all blocks
 + Co-operating with core developers to fix SegWit address sending issue.

— —

Thanks for reading and, as always, check back next week for more updates!

Luxcore Weekly Report: August 3, 2018

Here we go!

So begins a new weekly tradition of transparency wherein we give our community a behind-the-scenes look at what’s going on with all things Luxcore!

If you have any feedback on how we can improve this feature going forward, please don’t hesitate to leave a comment. Thanks!



Luxcore v5: The revolution WILL be televised!

People get ready!

Get ready to kiss goodbye to the Luxcore you thought you knew. Lux is about to usher in a new era, one that promises not only to revolutionize the Luxcore project itself, but the blockchain space entirely. Luxcore v5 is coming in mid-June and here’s everything you need to know about it…

Luxcore v5 will make its grand debut as a result of a hardfork that is slated to arrive the week after next. This will be by far the largest and most ambitious update in Lux history. Check out this incredible list of new features in Luxcore v5: Smart Contracts, SegWit, block pruning, Phi2 and perhaps most importantly a full-fledged marketing campaign!

People get ready, there’s a train a-comin’!

Smart Contracts

The integration of Smart Contracts into the Luxcore ecosystem will be completed upon the release of v5. In brief, Smart Contracts are pieces of code written onto the blockchain that store the rules for negotiating the terms of an agreement, automatically verify fulfillment, and then execute the agreed-upon terms. Being directly on the blockchain means Smart Contracts are immutable — they cannot be tampered with — and they are distributed in such a way that they must achieve network consensus over the fulfillment of terms. As a result, Smart Contracts effectively remove any possibility of fraud generally associated with traditional contracts.

Writing Smart Contracts can be challenging, however, for those of us who are not well-versed in programming. As a result, Luxcore plans to offer a premium service in the coming months to assist users with Smart Contract creation.

That’s one smart lookin’ contract you got there, Lux

SegWit

Segregated Witness, otherwise known as “SegWit,” is a security feature that splits the transaction data written onto the blockchain into two segments by removing the unlocking signature (i.e., the “witness” data) from the Merkle tree record and appending it as a separate blockchain entity. Implementing SegWit now proactively addresses two potential risks to the Luxcore blockchain: scalability and malleability.

Regarding scalability, SegWit reduces the size of the transaction data written into each block, thus enabling more transaction data to be included within the block size limits of the Lux blockchain. This, in turn, significantly increases the maximum transactions-per-second rate of Luxcore.

And regarding malleability, removing the witness data prevents hackers from possibly changing the transaction ID, which could lead to double-spending. Removing signatures from the transaction data helps to protect all Lux users from the possibility of blockchain fraud.

A graphical illustration of SegWit in action, courtesy of David A. Harding

Block Pruning

Block pruning is another blockchain feature designed to make using the Lux wallet easier and more convenient. As the Luxcore blockchain grows, it places an ever-increasing storage demand on users. With a block size of 4MB per block (for comparison, that’s four times larger than Bitcoin’s), the Luxcore block and undo files already require about 800MB of storage space, growing at a rate of approximately 100MB per month. Over time, it’s conceivable that the storage space requirement for Luxcore will become unmanageable for regular users like you and me. This is a potential risk that all blockchain projects will eventually face as they mature.

Enter block pruning. With block pruning enabled, a user can define the number of MB they want to devote to hosting the Lux blockchain. The wallet will then automatically delete the oldest block data, keeping only the most recent blocks on the chain to maintain the storage size target set by the user. This means you will be able to host a full Lux node on a USB stick or SD card, for example, without fear of running out of space.

Phi2

Phi2 is Luxcore’s new and improved hybrid Proof-of-Work/Proof-of-Stake hashing algorithm. Built by a team led by Luxcore Chief Cryptographer Tanguy Pruvot (tpruvot) upon the basis of the previous Phi1612 algorithm, Phi2 will introduce even greater industry-leading efficiency in electricity consumption and heat generation.

Phi2 is also designed to be scalable and modular so that its FPGA resistance can be maintained over time. As the possibility for an industrial, commercial or otherwise mass-produced FPGA for Phi2 becomes clear, the algorithm can be easily modified and updated to Phi3, thus immediately rendering those devices obsolete. This cat-and-mouse game can continue indefinitely until FPGA producers realize they are artlessly wasting their time and their money trying to build FPGAs for Luxcore’s hashing algorithm.

Luxcore’s 216k155, Tanguy Pruvot and Tran Nguyen: The men who brought you Phi1612 and Phi2

Marketing

Luxcore has deliberately chosen not to market itself too heavily up until this point, focusing instead on building the technology. We knew the project had to start meeting some of its ambitious roadmap goals before debuting in front of a wider audience. With Luxcore v5, many of our essential roadmap items will be achieved, leaving LuxGate, the listing on a Tier 1 exchange, a planned block reward change and enterprise engagement as our principal remaining roadmap items to be completed over the remainder of 2018. In fact, LuxGate has already been completed, tested and verified; it now only awaits licensing approval.

Now that we will have achieved these goals, a massive online and offline media blitz is planned for Q3 headlined by a nationally-televised TV spot in the United States. The commercial is being shot during the second week of June and will air throughout Q3 on CNN, FOX Business, Discovery and TLC. The scope of the media buy includes hundreds of network airings as well as concurrent streaming on Vimeo and YouTube.

Online, Lux will begin advertising on multiple high-traffic crypto portals and outlets, featuring a wide array of websites that cater specifically to a user base of crypto and blockchain enthusiasts such as (but not limited to) CoinDesk, CoinMarketCap and TradingView. This will occur alongside a significant grassroots communications campaign featuring prominent Twitter and YouTube personalities that will do in-depth product demos of Luxcore and the exciting, first-of-its-kind LuxGate asset swap platform.

We’ll be back after a few words from our sponsor…

In Conclusion

According to cryptomiso, Luxcore has pushed the 25th most commits in all of crypto over the past three months. Almost all of the other projects on that list are larger and more mature, so Luxcore is punching above its weight in this regard. We witness this day-in, day-out as 216k155 and his dev team continually add new commits to Luxcore’s GitHub. Thanks to their incredible diligence, work ethic and skill, the technology is finally starting to catch up to the dream. Alongside the massive marketing push in Q3, Lux won’t be crypto’s best-kept secret for much longer. So people get ready! This is going to be one wild ride!

Luxcore’s Proof of Stake web wallet: The first of its kind

“So actually, I started mining Lux one week after it was launched and it was really fun, because it was the first time that my rig did not crash every day (like it did with Eth or any other coin), and also the power consumption and heat generation were much lower. That was the moment when I knew that I wanted to give something back to this great project.”

To many of you, that probably sounds familiar. Something you might have said to yourself or to a friend; something maybe you heard from someone else. I know I had that exact same feeling at one point. In fact, these were my exact words when was first invited to be part of the Lux moderation team: “Lux has done a lot for me already, I totally support the project, so why wouldn’t I be willing to do my part to help make Lux as good as it can be?”

But those words in the first paragraph weren’t mine; they were uttered by Cheaterflums | Sebi, otherwise known as Sebastian Berger, and the end result of his resolve to give back is the first-of-its-kind Luxcore Proof-of-Stake web wallet.

I want to make something completely clear. Lots of projects have web wallets. Some of them have easy-to-use interfaces; some of them support advanced functionality; some of them look amazing; some of them are protected by high-grade security features. But very few of them do it all, and absolutely none of them can stake.

The elegant and sophisticated Lux web wallet dashboard

The idea of a staking web wallet for Lux came straight from the top. After Sebi had his inspirational moment, he set to work on a web wallet for Lux straight away. He showed what he had put together to the Lux team, who were immediately impressed, but of course the first thing 216k155 asked was, “Can it stake too?”

At the time, it couldn’t. In fact, no web wallet ever built could. But Sebi, undeterred, said he would think of something. Within 10 minutes, Sebi had one of those “Aha!” moments and set to work on designing the world’s first staking web wallet. He implemented the code he thought would work and then sat there, watching, waiting, hoping for that first stake reward to hit. Eventually, obviously, it hit and as the saying goes, “The rest was history.” But it was actually just the beginning.

First, there was some internal discussion about whether or not a staking web wallet was desirable in the first place. You see, Proof of Stake block rewards are an incentive for network actors to keep full copies of the blockchain on always-connected nodes, which support network decentralization. However, a web wallet doesn’t do that. Luxcore CTO Brian F. (Bfons) explained what was done to address this shortcoming: “Because of the centralization [a web wallet] can cause, the decision to spread the web-based wallet over a large number of nodes was made in order to ensure PoS was indeed supporting the network.”

Luxcore’s rather dapper web wallet team, L to R: Sebastian Berger, Brian F. and Zach Forsyth

In order to accomplish this, the Luxcore web wallet leverages the vast Amazon Web Services (AWS) network and is hosted across many parallel nodes. While this does not provide the same degree of decentralization that client wallets and daemons do, it does represent a significant improvement over the traditional uni-node implementation of a web wallet.

The calling card of a web wallet is ease-of-use. But all too often, easy-to-use technology is associated with a security tradeoff. The parallel-node implementation of the Lux web wallet contributes directly to its security, as there is no single hardware point of failure. Furthermore, as Sebi describes, “Every part of the architecture is as separated and stateless as possible for less of a security threat.” This means that each wallet-hosting node is isolated and the number of wallets per node is limited. In addition, each node features customized firewalls to control for port security, VPC peering connections, Internet gateways and private subnets. All of the security measures that protect the web wallet network and architecture have been thoroughly audited in a process overseen by Luxcore’s own Cyber Security Specialist, Zach Forsyth (ZZer00).

One of the more revolutionary security features of the Lux web wallet is that users retain total control of their private keys. Users can import and export a private key directly with the web wallet instead of sending funds wallet-to-wallet, thus saving on network fees. More importantly, though, when users are done using a web wallet address, they can export and delete the private key from the server.

Private key import/export functionality

Development of Luxcore’s first-of-its-kind staking web wallet is far from complete. More efforts to bolster security and refine ease-of-use are underway based on the external user feedback that is constantly being logged and analyzed. In particular, the Lux team wants to achieve feature parity with the web wallet so that it operates seamlessly alongside the wallet daemon API and the upcoming Luxgate API. Some of these advances are likely to include social logins, transactional 2FA, and of course Smart Contracts. Also, further development of the newly-released Luxcore Android mobile wallet, which ties in directly with the web wallet, is forthcoming.

You might remember, though, from my last blog entry that Luxcore CEO Brian Oliver (2cryptoGuyz) had this to say about the web wallet: “That will be our first real product that we can then sell to other projects.” So how close is the web wallet to actually being marketed and monetized?

“We have a couple customers we have defined who we will target once we’re ready,” says Bfons. “Beyond that, we’re entering uncharted waters.” Based on the multi-node infrastructure of the web wallet, it can scale up indefinitely to accommodate huge projects with many thousands of users spread across a wide geography. It can also, though, scale down for tiny projects with few users who may only wish to run it on a single node, maybe even a home server. “It can,” confirms Bfons, “but that’s not our market focus.”

Pro tip: Use a strong password and enable 2FA

So, dear reader, what do you need to know before using Luxcore’s Proof-of-Stake web wallet? Sebi reminds users, “Always use a very strong password and make sure 2FA is enabled.” Bfons also encourages users to “be attentive to phishing attempts” — this means paying close attention to the website URL and making sure it matches the real website you are attempting to visit. And finally, I’d like to remind users that a block reward change is coming for Proof of Stake soon. Currently, Proof of Stake rewards are split 60% to the staker / 40% to the masternode network. This ratio will soon change to 80% staker / 20% masternodes so that stakers receive 0.8 Lux per block.

It started out as one user’s desire to give something back to the project. Today, the Luxcore web wallet is the most technologically sophisticated and secure web wallet in existence, and the only one to ever support Proof of Stake. So if you have an idea for the Lux project, do what Sebi did: talk to the Lux team today!

Lux in San Fran: An Interview with Luxcore CEO Brian Oliver

Twenty-three. That’s the number of people currently working as part of the Luxcore team including development, marketing & communications, admin, tech support, project management, community relations, and so on. That’s quite a healthy number for a project still in its infancy. Despite that lofty number, though, it’s more about quality than quantity when it comes to Lux personnel as most members of the Lux community already know. They are a highly-skilled, dedicated and hard-working group. And last week many of them convened in San Francisco for the first-ever Lux team meetup to discuss the current state of affairs, challenges and opportunities, and to chart out the course ahead.

I was fortunate enough to be invited and got to meet many notables within the Lux universe such as Bfons, Mr. Test, Arsonic and his rambunctious partner-in-crime 2manyguns, Vaulter, ZZer00, TopoX, CryptoBurbano, and more. Even though I was meeting these people for the first time, I was struck by how much I felt I already knew them. In most cases, their real-life personalities are not incongruent with the personas of their Discord alter-egos. Well, all except azcrte — that guy is truly a wonder of nature.

Left to Right: azcrte, Bfons, TopoX, deadthings, Vaulter, 2cryptoGuyz, CryptoBurbano, ZZer00, Arsonic, Mr. Test

One member of the team with whom I got to spend quite a bit of time was 2cryptoGuyz, otherwise known as Luxcore CEO Brian Oliver. We discussed a great many things, crypto-related and otherwise, as we ascended seemingly all of the countless steep hills of San Francisco. We talked about his upbringing in middle-class Arkansas, how he got into the world of cryptocurrencies, and of course, we spoke at length about Luxcore.

If you were to take his word at face value, Brian would have you believe he’s just your typical white, Christian, middle-American family man who’s a bit of a fish-out-of-water in this crazy crypto world of ours. But I think it was one of the very first things he ever said to me that probably sums him up more accurately: “I am not afraid to try new things!”

From the top of Lombard Street: Everywhere you go in San Francisco is uphill. Way uphill.

After five years of school and three years of working in an apprenticeship, Brian started his own architecture firm in Tennessee, building up a small but loyal group of repeat clients. His business acumen guided him through the fiscal downturn of 2008–2010 when many architecture firms were being forced to close up shop and lots of competent architects found themselves out of a job.

As part of the design process of his business, Brian had three or four rather powerful rendering computers with which he and his IT guy decided to start mining. “We were just mining silly things like DOGE, not really taking it too seriously,” he recounts. “At some point around 2014 or 2015 we went away on vacation and I turned the computers off, and I never turned them back on.”

It was a lovely day for a walk. Brian is in the beige jacket.

At the time, he was less concerned about crypto than he was with a tiny new tech startup he launched called Walleries. Walleries was an iPad app that allowed people to take pictures of their artwork and pictures of their wall/room and use that to download templates that would tell them where the nail holes should go. “It was a pretty cool tool for people who don’t know how to hang art,” said Brian somewhat modestly.

Somewhat less modestly he continued, “Actually, we were the best new lifestyle app on the App Store, ahead of eBay and a bunch of other big ones.” Alas, Walleries did not punch Brian’s ticket to eternal Lambo parties because, “It had lots of users, but not many paying users… So basically the only people who made money off it were the developers I had hired.”

That’s about the time he met a crypto technical analyst who introduced him to 216k155. 216k155 already had a lot of ideas for a new proof-of-work algorithm and was looking for a more business-oriented person with whom he could work to launch a new blockchain platform. Brian and 216k155 hit it off immediately, talking on the phone and via text for long hours, collaborating on ideas, talking about their personal lives, just generally getting to know each other. They came to discover that although they were a world apart in many respects, they had a lot in common and quickly forged a powerful and dynamic working relationship. Thus, Luxcore was born.

Dragon’s Gate came towards the end of our rather exhausting journey.

Fast forward to San Francisco, March 2018, Brian and truthfully the whole of the Lux team are abundantly aware of some of the challenges Luxcore is currently facing. Lux suffered a significant network attack in February that forced 216k155 and his development team to accelerate the release of v4.0. The combined effects of the attack itself as well as rushing the not-fully-tested code to mainnet continue to cause problems for the Lux network.

“One thing that I hate what we’re doing with Lux is that we’re not meeting some of our goals,” said Brian. “Really we’re still working through some of the after-effects of that attack. Our devs are working on multiple strands: getting PoS back up to speed, Smart Contracts, SegWit, and a lot of the roadmap items. In a lot of ways, our roadmap was significantly disrupted by that attack… Now everybody is back on the right chain and we’re ready to get moving on tackling some of the roadmap items.”

So which roadmap items exactly are going to be tackled? And when can we expect to start seeing some progress in these areas? Here, I’ll let Brian explain…

“There’s at least a fork for sure for SegWit. And probably a fork for Smart Contracts too… I mean, we’re creating something totally brand new… So I think, unfortunately, we don’t really know how long it will take and so far we’ve guessed poorly. The premine coins that are to be burnt are already locked up in a wallet and ready to go, so that doesn’t affect our development one way or another, but we need to wait for a fork before we can implement that. And hence, we’re waiting for SegWit.”

“Marketing Phase 2 is probably our biggest, most exciting thing. That’s when we’ll have our TV appearances on CNN and Fox News. They haven’t made a press release announcing those appearances yet, so that’s why I’ve felt like we couldn’t say much about it. But now I feel like we should start talking about it because it’s happening, and we’re actually going to start shooting it soon. In the TV show, one of the things we’re going to talk about a lot is LuxGate and the Parallel Masternode Network — but I honestly can’t say how close we are to implementing those; they are a ways out. The PoS web wallet, on the other hand, is just about ready. That will be our first real product that we can then sell to other projects.”

Why do we do it? For the awesome hats, obviously.

After a five-hour walk through San Francisco that took us up Lombard Street, through Ghirardelli’s Square and Fisherman’s Wharf and back along Chinatown under the Dragon’s Gate, I had come to realize there’s quite a bit more to this supposedly typical white, Christian, middle-American family man, particularly when he says things in an off-the-cuff manner like, “The Luxcore project is a full-service blockchain infrastructure that we plan to license to a variety of users and on which all of our products and dApps will run.” He certainly does not strike me as a fish out of water, but rather exactly the kind of nuanced and multi-faceted yet also focused and driven person an ambitious project like Lux needs manning the tiller.