Question 1

Does LUX consensus rely only on mining?

Accepted Answer

No. LUX uses a hybrid consensus design that includes both proof of work (PoW) and proof of stake (PoS), so mining and staking are components of the same mixed mechanism.

Question 2

Does LUX support smart contracts?

Accepted Answer

Yes. The official LUX code repository lists smart contracts as a feature of the chain. Its stated feature set therefore extends beyond coin transfers to smart contracts.

Question 3

Is the RX2 algorithm upgrade determined by a date or block height?

Accepted Answer

The upgrade notice specified a switch to the RX2 mining algorithm starting at block height 1,612,500; February 18, 2021 was the estimate at that time. The block height, rather than that estimated date, is the relevant switching point.

Question 4

Was LUX's announced block-reward reduction a one-time halving?

Accepted Answer

No. The announcement proposed a 1% reduction in the block reward every 125,000 blocks, beginning at block 1,000,000. This is a gradual reduction by block interval, not a one-time halving; it applies to the block reward, not to holders' existing balances.

Question 5

Did LUX's initial project funding come from an ICO?

Accepted Answer

No. The white paper says LUXCORE did not conduct an ICO and was funded by an initial premine of 3 million LUX, described as 5% of total supply. These figures describe the initial allocation, not current circulating supply or any remaining funding balance.

Question 6

What LUX holding is required to run a masternode?

Accepted Answer

The official features page states that running a Lux Masternode requires 16,120 LUX in a wallet. That amount is a condition for a masternode and should not be treated as a minimum holding requirement for every ordinary staking participant.

Question 7

Can WLUX be used directly for LUX staking or a masternode?

Accepted Answer

According to the wrapped-token proposal, WLUX must first be unwrapped into native LUX before staking LUX or starting a masternode. Holding the wrapped token alone does not satisfy the native-coin participation condition; a masternode also remains subject to its applicable holding threshold.

Question 8

Does LUX's cold-staking design lock delegated coins?

Accepted Answer

In the cold-staking design described in the codebase-upgrade announcement, UTXOs for delegated addresses are not locked: they can be sent or used for solo staking. This was the design goal stated in that announcement and does not establish that every wallet version supports the feature.

Question 9

How can LuxMobile select the address used to send LUX?

Accepted Answer

LuxMobile lists coin control through address selection. When a sending source needs to be specified, this function can select an address rather than only specifying the recipient address.

Question 10

Can LuxMobile notify users about staking rewards?

Accepted Answer

Yes. LuxMobile lists push notifications for staking rewards, which can alert a user when a reward arrives. A notification is a way to learn about a reward; it does not itself determine whether a reward is received.

Question 11

Which mechanisms was Luxgate planned to use for peer-to-peer trading?

Accepted Answer

The project announcement said Luxgate was set to use atomic swaps and smart-contract order books for peer-to-peer trading. This describes a planned trading mechanism in the announcement; it does not by itself establish that the service launched or remains available.

Question 12

How does holding more LUX affect rewards in the static staking model?

Accepted Answer

In the static staking model described on the website, each reward has a fixed amount, while participants holding more coins are rewarded more frequently. This is not the same as scaling each reward directly by a fixed percentage of the holder's balance, nor does it mean everyone receives rewards at identical intervals.

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