LuxCoin (LUX) is the coin used for transactions on the Luxcore blockchain. Luxcore uses energy efficient and fast PHI1612 ASIC-resistant GPU mining algorithm. Luxcore uses a hybrid consensus protocol (proof of work and proof of stake)which enhances the security of the blockchain. Luxcore offers several services free on the platform for the users holding or using the LuxCoin. LUXCoin has 25 mining pools and uses the PHI2 algorithm.