Review on LUXCoin by Robiul Islam

Name: LUXCoin
Item: LUXCoin
Rating: 3

June 22, 2019

Luxcore is a blockchain solutions and services ecosystem.

It is offering a platform that will allow users to make products around different use cases in an assortment of dynamic ways couple of different tokens (if any) are able to do. It is a promising cryptocurrency with interesting features and a good team of designers who are working hard on their project. Within alternate features, it offers decentralization, LuxGate, Parallel Masternodes (PMN), PHI1612 algorithm, and a Static model for staking.
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Updated 5 years ago

Rating has not been changed

LUXCoin release a mandatory update (v5.3.3) for the wallet! It build for the LUX Desktop Wallet available on Mac, Windows, and Linux.
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Changes in the Lux wallet Release - 5.3.3
Reference Schnorr signature support from Blockstream's secp256k1-zkp library. Adjusted to a more permissive tx policy, Various palette, typos and visual fixes, BIP-44 standard compliance.
Fix iostream errors when serialising too much data
, Various improvements both UI/UX wise and new refund mechanics.
Various improvements experience-wise when handling unspent inputs, Increase stack size on Windows to prevent some crashes.
Added a devfee on each block produced, shifted reward % and block subsidies
, Banned Cryptopia addresses from staking and spending, New banning logic on fork.
Add a configure switch for the default behaviour about change addresses.
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Pros

It has all the features that i’ve seen in other Privacy Coins to some extent. One Project may offer 2 or 3 solutions while second Project offers another 1 or 2, In LUXCoins case, they offer all of these features as far as i can see. Besides being Feature rich with features such as Segwit, LUXSend, LuxGate and their Trading Wallet, It also offers businesses and institutions the ability to utilize Parallel Masternodes which is something very unique to the project.
LUXCoin does a wonderful job of interpreting different situations in which MultiSig technology is essential both from a general users perspective and a business, operation perspective. It offering MultiSig Transactions allows businesses and large clients to safely secure their funds without the fear of losing control due to unforeseen circumstances, example Bad Acting, Disagreements, Loss of Keys, Death, etc.
It offers an exceptionally profitable passive income for POS computations. A direct quote from the Luxcore website states Masternode rewards are 40% of the Proof of Stake block and are randomly paid to the Masternode Owners who support the network.

Cons

Just some common concerns about space competition. Privacy coins are a negligible a dozen but LUXCoin does have a lot of the features that other coins pride themselves on, covered from the start. Masternodes, Private Transactions through LUXsend, Smart Contracts, Multisig, the list goes on. There will always be competition in this space but LUXCoin does seem to understand this and is covering their bases.