Underlying technologies of applications we use and how enterprises carry out their businesses are already being transformed by the advent of blockchain technology. Along with smart contracts, the world is in the process of moving to a trustless, paperless and secure economy, be it the transfer of data, assets, legal contracts or even for entertainment. While Bitcoin led us on this revolutionary path, the landscape of blockchain technology has seen tremendous technological advancement in the past few years with the help of many innovative blockchain projects.
We have already seen the power of distributed ledgers as a single source of truth: in financial transactions, improvement in network stability and consensus rules, decentralized treasury systems, secure anonymous and private transactions of data, significant increase of transaction speeds, digital contracts, DAOs, DApps and even cross blockchain communication systems.
But very few companies offer customizable and bespoke blockchain solutions for end users, enterprise and institutions that incorporate the best features of the current blockchains while being industry agnostic.
LUXCORE’s open-source blockchain includes the groundbreaking, 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.
The closed-source products, focused on service providers, enterprises and institutions, include Parallel Masternodes (PMN), LuxGate, PoS Enabled Web Wallet, DApps and blockchain implementation and consulting services.
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.
Other blockchain solutions take an Us vs. Big Business or Us vs. Governments approach. LUXCORE’s blockchain solution and IT Services are built to help all three parties by allowing various levels of features and security for the user as required.
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