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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.

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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

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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coins
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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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