MARKETING AND BUSINESS UPDATES

AMA № 3

Luxcore Chief Strategy Officer John Kim (johnnystar) was joined by our new Director of Marketing and Content, Robert Pando (robertp), for the third Luxcore AMA, posted to our YouTube channel on November 12.

This month's AMA covered topics such as the upcoming LuxGate decentralized exchange, Luxcore CEO John McAfee, the Proof of Stake web-wallet-as-a-service, and much more!

A full transcript of the AMA is also available here.

Decentralized File Storage System on Parallel Masternode Network

Luxcore released a technical proposal detailing its next conceptual evolution in the blockchain industry: Decentralized File Storage (DFS) enabled by a Parallel Masternode Network (PMN).

More technically-inclined readers are invited to review the proposal here, while the rest of us can instead enjoy our announcement, which went out across all of Luxcore's social channels.

Luxcore news now available on the Delta app

Delta is the ultimate Bitcoin & cryptocurrency portfolio tracker app, available for Android, iOS and Windows devices. It also includes a useful feature called Delta Direct, which allows coin developers to communicate breaking news immediately and directly with users. Luxcore has now joined Delta Direct, so get the app today and never miss another important update!

Delta Direct keeps you informed and up-to-date on the latest Lux news. Get the app today!

Web wallet update

The Lux web wallet will now automatically combine smaller coin chunks together so users are free to deposit any amount, large or small. The impact of this for users is twofold. First, even small deposits such as mining pool payouts will become automatically optimized to receive staking rewards. Second, it will alleviate strain on the server architecture resulting in improved web wallet performance and reliability.

---

DEVELOPMENT UPDATES

LuxGate development:

• Fix issue in showing TradingView Chart
• Update data provider for TradingView Chart
• Update theme styles

Decentralized file storage development:

• Currently, we are starting to implement DFS (Decentralized File Storage)
• The draft idea and the specification is completed
• Basically, PMN will maintain a Proof of File Storage (PoFS) consensus
• It also remains a completely separate and distinct network from the current masternode network in use
• Users will be able to add files to the decentralized system by paying a fee based on the size of the files and duration of time stored
• The hosting PMN nodes earn a share of that fee based on the proportion of the files stored on their own node
• Nodes with greater storage capacity and network uptime will thus have the most rewards potential
• The draft technical proposal has been uploaded here

QT wallet and Core development:

• Improve GUI in LSR Token page
• Improve GUI in Overview page
• Continue to develop new trading charts
• Finish implementing BIP174 into Luxcore Blockchain
• Improve PoS security
• Assign temporary PoS block fork

New explorer development:

• Backup explorer, based in the US, is now online here
• Improved internal processing for faster loading speeds
• Fixed some minor bugs

Web wallet development:

• Auto combine small mining rewards to bigger chunks
• Implemented new server-specific maintenance mode (instead of the whole web wallet)