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.
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.
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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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
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The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.
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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for. While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory. When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion. But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.
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XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
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