Cryptocurrency LUXCoin (LUX): review, course and chart

PHI1612 Algorithm
PoW/PoS mining method
Maximum offer 60,000,000 LUX

The startup was launched in 2017. A team including Brian Oliver and Cosmin Tudor worked on the development.

LUXCoin is a decentralized blockchain platform that is part of the global LuxCore ecosystem. The creators seek to gain the trust of private users and institutions to make the system widely applicable.

The platform is based on a hybrid PoW and PoS mechanism using a unique algorithm PHI 1612. The system is protected from mining using ASIC equipment, which prevents large corporations from becoming monopolists in the mining process, providing more efficient GPU-mining.

In turn, Proof of Stake rewards coin holders who keep a certain amount of LUX on their balance; provided that, the synchronized wallet must be open. LUXCoin implements smart contract technology to extend functionality and additional features.

A key role is played by the LUX digital coin, which is intended for use within the project.

Due to the developed LuxSend technology, all transactions are carried out anonymously, with the minimum commission of 0.0001. Masternode function is integrated to speed up the processing of transactions and increase their reliability. Masternode owners are rewarded for maintaining network availability.

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10 LUXCoin (LUX)