"Blockchains are becoming more and more prevalent as they offer unique and efficient ways to communicate and perform transactions securely..."
JUPITER, Fla. (PRWEB) March 21, 2018
Innovations with Ed Begley, Jr. will feature a breakthrough product using blockchain technology, the science behind Bitcoin, and is set to air this spring, 2018, on FOX Business. The segment will focus on Luxcore, a blockchain-based solution that provides secure information exchange for corporations and institutions. Check local television listings for more information.
Luxcore’s key innovation, Luxgate, is a secure gateway that connects blockchains and allows secure communication and information-sharing between them. It also bridges the gap between traditional information warehouses (databases) and blockchains.
Brian Oliver, CEO of Luxcore, says, “Blockchains are becoming more and more prevalent as they offer unique and efficient ways to communicate and perform transactions securely. But we are looking down the road to the inevitable need for blockchains to cross-talk. With Luxcore, companies can choose a blockchain solution that fits them, and that choice does not prevent them from working alongside other blockchains.”
The heart of the Luxcore blockchain is a unique algorithm created by Luxcore’s developers. The algorithm, code-named Phi1612, enables miners to work more efficiently, mining blocks with less power and heat consumption. The Phi1612 algorithm led to Luxcore’s rapid growth since launching in late 2017 with its digital commodity LuxCoin. The algorithm was freely released to the public by Luxcore, and since then, other blockchains have adopted it and are benefitting from its advantages.
Additional innovations of the Luxcore blockchain include masternodes that incentivize 24/7 support of the network, the upcoming SegWit implementation, Smart Contracts, and using a hybrid consensus model that includes both Proof of Work and Proof of Stake for better security, which the series will explore in this episode.
“The internet’s exponential growth was originally fueled by the ability to share information,” Oliver says. “In a similar way, Luxcore acts as an enabler linking standalone blockchains and brings them under a secure umbrella. This will ignite innovation and bring about an era of secure information exchange and wider adoption. We’re really excited about the impact Luxcore is going to make in the world of information security and blockchains.”
Luxcore is a blockchain solutions and services technology company that develops information security and privacy products. Luxcore’s secure gateway (Luxgate) and its Parallel Masternodes connect blockchains to allow secure communication and information-sharing between them. For more information, visit http://www.luxcore.io.
About Innovations and DMG Productions:
Innovations, hosted by award-winning actor Ed Begley, Jr., is an information-based series geared toward educating the public on the latest breakthroughs in all areas of society. The show focuses on cutting-edge advancements in everything from health and wellness to global business, renewable energy, and more. DMG Productions produces commercial-free, educational programming on which both viewers and networks depend. For more information, visit http://www.innovationstelevision.com.