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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

Top 3 Coins to Buy Before They Go Big

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coins
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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Altcoins

TRON (TRX) Is Likely to Go Big in June

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Tron
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We are now halfway through 2019, and the situation in the crypto space is better than ever in the past year. Numerous cryptos are seeing large gains, often cut by brief periods of stagnation or small corrections, but the overall sentiment is obviously bullish.

Bitcoin sits way above the $8k mark, and while it struggles to go beyond $8,700, it is still trying to grow. Investors and analysts are quite bullish regarding the foreseeable future, and a lot of altcoins are expected to follow BTC in this regard. However, today, we would like to talk about one particular altcoin — TRON (TRX) — as well as why it is likely to go big in June.

TRON’s progress so far

As many people in and out of TRON community know, TRX is not a project that often sits still. It is rich with announcements, particularly when it comes to his CEO, Justin Sun, whose enthusiastic tweets often seem like hype building to many.

However, TRON made some massive progress in 2018, which was the worst year cryptocurrencies have ever seen. This is not something that can be achieved through hype alone, and the project needs to have true quality and value in order to see such massive development in the middle of the longest and harshest crypto winter in…

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Altcoins

IOTA (MIOTA) Pending Update Might Bring Huge Gains in Days to Come

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IOTA
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The crypto space is erupting once again, and if popular predictions are correct — the growth is only starting. However, in the vast sea of altcoins that hold the massive potential to go big in the future, we would like to set IOTA aside as one of the coins that might blow up quite soon.

As always, there are no guarantees of this, as the crypto space still lacks regulations, and remains highly volatile. To see proof of this, all you need to do is look at Bitcoin, which goes up by $1,000 within a day, only to slowly drop by $700 in the following week, and then repeat the process. In other words, there is still a lot of uncertainty regarding any project, and that includes IOTA.

However, even with all of that in mind, many are quite optimistic about this particular project, especially after a recent announcement. The announcement in question indicates that IOTA is about to see a massive upgrade. In most cases, this would be more than enough of a reason to expect the coin to start performing better. But, in IOTA’s case, this is nearly a guarantee that it will.

The update is believed to carry a lot of fixes for a lot of problems that traders and investors have been reporting for a while. No crypto is perfect, and since IOTA is…

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