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2019 Will Be a Big Year for Luxcore

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With the recent surge of Bitcoin in the last few weeks, many traders are hoping for a more profitable year than 2018.  Even if that comes to fruition, my advice over the past year remains the same.  Traders must look for companies and projects that offer blockchain solutions with real-world use and complete transparency.  One company that meets both of those requirements is Luxcore (LUX).

What is Luxcore?

Luxcore is a blockchain solutions and services ecosystem that focuses on developing security and privacy products.  The Luxcore platform utilizes the PHI2 algorithm powered blockchain to build a wide variety of product offerings.  One of the platform’s primary goals is to help close the gap between regular consumers and enterprise users by introducing specific use-cases for each group of users.

Exciting Roadmap for 2019

As mentioned earlier, one of the absolute requirements of building a successful blockchain project is to be fully and completely transparent.  Luxcore certainly meets that requirement with the introduction of their most recent roadmap.

The roadmap does a great job of showing which projects are in development, how far along each project is, and the expected completion date of each project.  With this, LUX traders and potentially interested consumers can follow along and monitor the status of projects that they are especially interested in.

Since many crypto projects have inevitably disappointed the market, offering a fully transparent roadmap is an important step in rebuilding that trust.  Luxcore is certainly headed in the right direction.

Revenue Generating Projects

There is no doubt that 2017 created a cryptocurrency frenzy which saw many new companies and projects attempt to enter the space.  And while more competition is good, many of these projects simply haven’t panned out the way enthusiasts would have hoped.  As we move ahead, only the best will survive.  That’s why it’s imperative that blockchain based projects focus on developing solutions that will generate revenue.  And then market those solutions to enterprises as opposed to worrying about whether crypto traders will be interested.  Luxcore is doing just that.

Although the company has many exciting projects in the queue, the three that have big potential are:

  • LuxGate – Peer-to-peer cross-blockchain platform. Alpha release expected in Q2.
  • Parallel Masternode Network – Decentralized File Storage system built on Luxcore’s original and unique Parallel Masternode Network. It’s important to note that this development represents an additional on-chain layer which will allow for future development of additional products and services.  Beta test is expected in Q2.
  • Proof of Stake (PoS) Web and Mobile Wallets – Luxcore already launched the first-of-its-kind staking web wallet. In addition, the company recently released their unique PoS mobile wallet for Android and iOS.  By the end of June, Luxcore plans to update both the web and mobile versions of the wallet to support an on-chain token management feature.  Once the update and legal agreements are completed, Luxcore will begin to license the combined staking web and mobile wallet solution.

If consumers wish to check out the wallets, they can do so here:  Android and iOS.

Optimization of Smart Contracts

In addition to LuxGate and the Parallel Masternode Network, the company’s effort to optimize its smart contract system should pay huge dividends in the future.  Although smart contracts are already enabled on the Luxcore blockchain, the company is working on the system in an effort to improve transaction processing speed (TPS).  TPS is a big deal and is one of the primary criticisms of Bitcoin (BTC), that it simply can’t go mainstream until it gets faster.

Luxcore will be able to double the processing speed by implementing Proof of Work and PoS hashing functions.

Final Thoughts

Transparency, transparency, transparency.  Luxcore has laid out a detailed roadmap listing all the projects, progress, and expected completion dates in 2019.  Enterprise users and crypto enthusiasts will be able to monitor the company’s progress as it begins the journey toward becoming a transformative, industry-leading, revenue generating, blockchain solution provider.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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