John McAfee is All-In for Luxcore Decentralized Exchange
In an interview with Nulltx and renowned, crypto expert John McAfee, a discussion took place in which Luxcore, a blockchain solutions and services platform was considered. McAfee believes its several embedded functions will make it come to the top. In particular, he said:
“LuxCoin, for example, today came out with their smart contract of functionality on the Lux Network. Now that’s an amazing network, by the way, with parallel nodes, with privacy, the Lux Gate, and they are coming out with a decentralized exchange, and I think it will be one of the first distributed exchanges that actually functions using the atomic swap feature.”
McAfee has been part of the Luxcore team as a member of the Senior Advisory Committee since April of this year, as the former openly shared his position as an advisor and told Twitter users:
“you can either mindlessly trash my picks, or you can learn something. Try the latter.”
So, why is McAfee supporting Luxcore? Luxcore is not only known for its potential decentralized exchange, which will be competing against several other decentralized crypto exchanges today, but the team involved also plans to offer security and privacy products.
The platform itself relies on PHI2 algorithm, which the team says is crucial for the products they plan to offer. In addition to blockchain solutions, Luxcore houses its own native token, the LuxCoin, and consumer-centric products like LuxGate and Parallel Masternodes.
Another interesting angle Luxcore plans to take when it comes to the crypto sphere, is to bring together consumers and entrepreneurs, which has been described as an ideal way to induce user adoption.
Here is a breakdown of the upcoming releases that is said to give Luxcore a competitive advantage:
Luxcore claims to focus on issuing smart contracts, which will help to unify blockchains through LuxGate and Parallel Masternodes. LuxGate will play a crucial role within the blockchain space, as it will stimulate communication between validated blockchains, and perform functions and tasks.
SegWit, which is short for Segregated Witness, was created with the intentions of resolving scalability issues, which according to Nulltx, is associated with Bitcoin [BTC] and Litecoin [LTC]. It also emphasizes the need for security, as it does so by separating transaction signatures from the “input and structuring it to the end of the transaction.”
Parallel Masternodes (PMN) was designed to focus on reliability and security on behalf of enterprises and instituitions. PMN is also a private network that is built on top of existing masternode features for the public network.
With the Luxcore team making its way into the fourth quarter, it appears that three areas of interest will be developed. As per their roadmap, this includes a Proof-of-Stake (PoS) wallet-as-a-service release, decentralized applications on Lux Chain and establishing sound partnerships.
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