John McAfee Explained his Expectations of Luxcore

John McAfee Explained his Expectations of Luxcore

Decentralized exchanges are the next logical step in the world of cryptocurrency trading. John McAfee is a big fan of this new business model, and he thinks Luxcore is that the project that will make it happen. With its smart contract technology, SegWit support, and native coin mixture, the project is off to a decent start."John McAfee Explained his Expectations of Luxcore"

Luxcore has a lot of Potential

Competition in the world of cryptocurrency exchanges is often a decent thing. that's even more apparent once talking regarding decentralized exchanges, as those services can take cryptocurrency to a new level. Luxcore and its native LuxSend coin mixing feature will unlock a lot of new use cases in the future.

Various aspects of lux should be highlighted. it's one of the few networks to fully implement support for segregated Witness, a scaling solution usually associated with Bitcoin and Litecoin. It introduces separate transaction signatures to offer higher security to both senders and recipients of funds. Combined with its 4MB block size and a block time of 60 seconds, Luxcore is primarily designed to enhance overall scaling in the cryptocurrency world.

Under the hood, lux will make use of smart contracts with a very different focus. The team wants to unify various blockchains and deploy contracts directly from the wallet. Through built-in cross-network transactions and tasks supported by predefined conditions, lux will inaugurate a new era of decentralized exchanges.

In an interview with John McAfee on August 6th he explained his expectations of Luxcore as follows:

LUXCOIN, as an example, today CAME OUT WITH THEIR smart CONTRACT OF functionality ON THE lux NETWORK. currently THAT’S an amazing NETWORK, BY THE WAY, WITH PARALLEL NODES, WITH PRIVACY, THE lux GATE, and that they are coming out WITH A decentralized EXCHANGE, and I think it'll BE one of the first DISTRIBUTED EXCHANGES that truly FUNCTIONS using THE ATOMIC SWAP FEATURE.

Launching native decentralized exchange functionality is useful to LuxCoin as well. it's presently listed on Cryptopia, Yobit, TradeOgre, and CryptoBridge. Moving far away from centralized exchanges will unlock unlimited trading market potential and put users in full control of their funds all over again. John McAfee has joined this project as {an official|a politician|an officer|a political candidate} adviser to ensure the team’s vision can come true in the long run.'John McAfee Explained his Expectations of Luxcore'

According to the present roadmap, users will look forward to mobile wallets and a PoS web wallet-as-a-service. the first dApps as part of the lux ecosystem will come to market in q4 of 2018, which is able to pave the way for shaping partnerships and enterprise engagements. The project has a lot of potentials because it combines the most appealing aspects of cryptocurrency and blockchain technology to further decentralize both industries moving forward.

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