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Luxcoin was created in 2017 by an anonymous group of developer and programmers and takes its name from the Greek word for light. And now, this new cryptocurrency aims to shine a light on the insiders that have been monopolizing the Blockchain.

Driven by the fear of their new cryptocurrency falling into the hands of the wrong people, Lux decided to not proceed with an ICO (Initial Coin Offering) to help finalize their project. Instead, they financed it by “pre-mining” and managed to obtain about 5% of the 6 million tokens made available on Cryptopia. Now, Lux is trading at around $25 and seems to be a good investment opportunity given its unique properties.

Luxcore.io, the group behind the cryptocurrency’s creation plans to build confidence and trust in the Blockchain community. The aim is to restore trust between individual investors, companies and governments. To achieve this, they’ve set three goals for themselves.

First, they plan to take back Blockchain from the business world by making massive investments in mining cryptocurrencies, which, in turns, makes them less profitable.

Next, they plan to offer a Parallel Master node Network or PMN; a two-tiered encryption network dedicated to trusted institutions, such as big banks, corporations and governments. Also, the PMN would be able to work with and communicate with the rest of the Blockchain.

Their third and final goal is to give individuals the ability privately navigate the Blockchain.

Lux seems to be using a recipe that they learned from their predecessors.

Not only Bitcoin’s Blockchain but also Ethereum’s “smart contracts” and Ark’s “Blockchain SmartBridges” have all become tools that Lux plans to use to achieve their success.

Lux: The Friendly Cryptocurrency

The Technical Details

• The device will either use its computing power to solve a problem posed by the algorithm, usually to validate transactions between users. And, in doing so, they become a “miner”.


• Or, the device can be used to buy, sell and store virtual tokens.

A Safer Cryptocurrency

A Potential Gold Mine

The Wake-Up Call

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