LUXCoin LUX

$0.6989
Market Cap $ 2.177 MM (#556)
24h Volume $ 10.391 K
Chg. 24h: -1.78%
Algo. score 3.1/5  (#511)
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LUXCoin project purpose and description

LUXCoin clarity of purpose

LUXCoin purpose and aspects

LUXCORE’s open-source blockchain includes the ground- breaking, energy-efficient, ASIC resistant algorithm PHI1612; the tradeable commodity, Lux Coin; Masternodes that act as a network security and rewarding system; Smart Contracts; and SegWit for improved transaction size and malleability.

Short description

LuxCoin is a PoW/PoS hybrid cryptocurrency based on the PHI1612 algorithm (built from; Skein, JH, Cubehash, Fugue, Streebog and Echo).

Abstract

LUXCORE will provide a set of unique protocols and tools for easy integration across businesses that requires secure intraorganizational blockchain or permissioned blockchain networks. With its upcoming consulting arm, the company aims to set up, maintain, and improve such networks for organizations and institutions.

Link to Roadmap: https://luxcore.io/roadmap
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