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Lisk (LSK): How Is It Shaping Up For The Future And How Secure Is It?

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Lisk (LSK)
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The cryptocurrency market is characterized by a lot of competition considering the many digital currencies that are currently available in the market and the number seems to be growing as more cryptocurrencies jump on board. However, the focus this time is on a particular cryptocurrency that is known as Lisk (LSK) which is currently ranked as the 27th largest digital currency in terms of market cap.

Lisk is a relatively new cryptocurrency that claims to be the first to take a step into sidechains, thus describing itself as very modular. It is currently not very popular and thus it is not well known. However, the fact that it has already secured a space in the top 20 cryptocurrency list.

So what is the team behind this digital coin promising?

Just as the term sidechains suggests, the digital currency is based on modules that are a critical part of its unique design. The altcoin is thus designed on a platform that makes it possible for anyone to create their own decentralized apps based on the system’s ‘designing blocks.’

The value of most currencies or even their potential for growth is influenced by many factors including its utility and programming language among others. In Lisk’s case, it has a lot going for it due to its utilization of sidechains and it is also based on Javascript which happens to be one of the most common programming languages. The fact that many programmers know Javascript means that the cryptocurrency might offer a lot of value as far as applicability is concerned.

Rather than using a public ledger otherwise known as blockchain as a store of transactions, the Lisk network uses modules. Developers and users of the main network can create sidechains which allow the main blockchain to remain unburdened. Transactions also continue to be processed in the same way that they would be processed in the main blockchain.

The use of sidechains is a huge advantage for Lisk, especially of many other cryptocurrencies. This is because sidechains eliminate a major blockchain problem known as bloating. The latter refers to a situation where a blockchain is characterized by many fake transactions, test transactions and bad transactions that fill up the blocks at a rapid pace, thus slowing down the network. The use of sidechains means the Lisk system will remain fast at all times. The Lisk technology has also been created with scalability in mind, unlike Bitcoin.

The Lisk network also aims to be the default standard for standalone blockchain services and applications that are standardized and also based on Javascript. The fact that the digital currency also uses bitcoin technology means it is quite secure and the unique applications of the network make it quite appealing. However, like many other digital currencies, it is difficult to accurately predict the performance of the altcoin in the future.

We will be updating our subscribers as soon as we know more. For the latest on LSK, sign up below!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.

Image courtesy of Tiger Pixel via Flickr

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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