Luxcore Weekly Report: September 21, 2018

MARKETING AND BUSINESS UPDATES

The 2nd Official Luxcore AMA:

This week we released our 2nd AMA! If you haven't had a chance to check out our responses to the community fielded questions, see below!

As always, we welcome any feedback you may have on how we can improve in the future. Additionally we will open up to more questions for next month's AMA in the coming weeks so stay tuned!

Behind the Blockchain:

Our team felt it was about time the community started learning more about the faces behind the project. As part of our ongoing social media campaigns we introduced Behind the Blockchain!

This will be a weekly initiative so check back next week for our next entry!

Luxcore Academy // Security Tips:

Security is a very important topic with the wild west we are experiencing in crypto so it only felt necessary to step a bit into that realm and shine some light on it for our community. For the next few weeks, the academy will sidestep into the security realm in an effort to better prepare and keep safe.

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DEVELOPMENT UPDATES

Web wallet development:

• Improve mechanism to add other coins in POS web wallet.
• Other coins testing is being performed now.
• It is so far so good and we are ready for our services.

LuxGate development:

• The core processing is being integrated into luxd/lux-qt.
• Basically, LuxGate will swap real assets and not databases.
  => Each party involved in a transaction has to receive confirmation of assets presence in order to seal a trade
• As plan, LuxGate Protocol will be implemented in Luxtre wallet.
• However, we will implement it in other wallets as well.
• The testing is being performed now.
• It is so far so good and we will be able to launch it soon.

QT wallet and Core development:

- Hierarchical Deterministic Wallet (HD wallet) development

• In old Lux wallet, a pair of private/public addresses is randomly generated.
• This requires you to take a backup each time you make a new pair of addresses.
  => Backup so many private/public addresses as the number of your transactions increase
• With LUX HD wallet, backup will performed only once.
• HD wallets will generate a hierarchical tree-like structure of keys which start from the seed master key based on BIP32.
• When HD wallet is restored by using the seed key, the wallet goes ahead and drives all the private keys of the tree using BIP32.
  => The seed key backup is mandatory and should be kept safe
• The basic feature is finished and so far so good.

- "Don't use change address" feature

• When we send a fund to an address, the wallet will send the change to newly generated address.
  => Previous key will not be reused and the change may be lost when:

• A backup is restored
• And we doesn't have the new private key for the change.

• "Don't use change address" will solve above issue.
• This feature is available in version 5.2.3.
• Please enable it at option menu "Don't use change address".

- Security improvement

• No new updates as this feature is still in on-going development. Will update in next weekly update.
• The coin will provide 2 new functions: Transparent and Privacy.
• Transparency uses the normal protocol, while Privacy uses the i2p protocol.
• If people use the Transparency protocol, everything will show (tx in/out, ipaddress, etc.)
• If people use the Privacy protocol, everything will be hidden but conditions will be applied.
• The backend is finished and we are doing some GUIs on QT

- Luxcore DApp JavaScript Library (Luxd.js)

• A LUX full node for building applications and services with Node.js.
• This is Luxcore JavaScript library for Smart Contract development.
• It is still in development; Will update in next weekly update.