Luxcore Weekly Report: October 12, 2018

MARKETING AND BUSINESS UPDATES

Lux Turns 1!

On October 10, Luxcore celebrated the one-year anniversary of the launch of our blockchain. The occasion gave us a chance to reflect on the many milestones the project has reached over the past year. So we prepared a funky little video summary to celebrate (plus an accompanying infographic for those who aren't champion speed-readers). 😉

Lux's anniversary wasn't just a chance to reflect on the past, however, it also gave us an opportunity to look to the future. And Luxcore CEO John McAfee celebrated by giving Lux an absolutely amazing birthday present: the long-anticipated listing on a Tier one cryptocurrency exchange!

LuxCore's anniversary: pic.twitter.com/ATf4IJamtg
- John McAfee (@officialmcafee) October 10, 2018

Coinbene is the 17th largest crypto exchange in the world by reported 24h volume, or the 12th largest by adjusted 24h volume according to coinmarketcap.com. Adjusted volume is the 24h trade volume for spot markets excluding markets with no fees and transaction mining; it is intended to be a more accurate reflection of real trade volume than the reported figures. The LUX/BTC market on Coinbene is live, so start trading now!

Lastly, to bring our community in on Luxcore's birthday celebrations, we gave away some swag! A big congrats to the grand prize winner of the Twitter giveaway, @CandescentCH, as well as the runner-up winners, @MajorMastcrnode, @limayne, @Escoverrr and @iredni!

Luxcore Featured on Entrepreneur.com

Entrepreneur.com, which is a leading online information portal geared towards - you guessed it - entrepreneurs published a great review of Luxcore, examining some of the milestones the project has hit over the past year and where it might be headed in the future.

Features like this provide Luxcore with excellent exposure not just within the crypto echo chamber, but more importantly among potential investor and enterprise user audiences. Take a moment and give it a read in case you haven't already:

https://www.entrepreneur.com/article/321482

DEVELOPMENT UPDATES

LuxGate development:

The core processing is being integrated into luxd/lux-qt.
Basically, LuxGate will swap real assets and not databases.

When a swap order is created, other nodes will create swap order.

If the swap order is matched, direct network connection will be initialized.

The addresses are exchanged in the relative blockchains.

When one side creates swap transaction, the other side will create swap transaction for their coin.

Then, the coin will be redeemed in relative blockchain.

If timeout is reached, luxgate will do the refund processing.

All processings here are performed in native lux and other coins script (eg: BTC, etc.), not a smart contract.

LuxGate will be integrated into Luxtre wallet and Lux QT wallet.
Other wallets will be integrated later.
We are doing the integration test and bug fixing related to swapping between BTC and LUX.
It is so far so good and we will be able to launch it soon.

Web wallet development: