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



Lisk (LSK)

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


My Crypto Heroes Announces Issuance of MCH Governance Token



Tokyo, Japan, 24th November, 2020, // ChainWire //

My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH. 

My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.

What is MCH Coin?

MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.

Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.

The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:

During December 2020 the first governance…

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Rewards Platform StormX Offers 50% Crypto Cashback Bonus for Thanksgiving



Singapore, Singapore, 23rd November, 2020, // ChainWire //

Blockchain-based rewards platform StormX has released a seasonal promotion for its award-winning Crypto Cash Back App. The promotion will allow app users to earn a 50% bonus on top of their cashback between Thanksgiving Day and Cyber Monday (November 26-30).

StormX has also introduced a brand-new staking service, allowing users to earn an additional 50% per year when they stake STMX tokens. The native ERC20 token of the StormX ecosystem, STMX has a total supply of 10 billion and is available to trade at many of the world’s top exchanges, including Binance and Bittrex.

“With Bitcoin’s price approaching its all-time high, interest in cryptocurrencies has renewed, though some people believe it’s now too expensive to buy in,” said StormX CEO and Co-Founder Simon Yu. “What we have done is create an easy way for such individuals to accumulate bitcoin, ethereum and other cryptocurrencies via everyday shopping.

“We’re also excited to provide users with the ability to earn greater rewards simply by staking their tokens.”

Since the StormX mobile app launched its Shop feature with over 700 stores in February 2020, some 400,000 unique users have been added to the rewards platform. StormX has also witnessed over 50% month-on-month growth for sales. The app is available for download on the App and Google Play Stores, and can be downloaded as a browser add-on from the Chrome Web…

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Valduz, Liechtenstein, 17th November, 2020, // ChainWire //

International cryptocurrency exchange promotes free trading and no gas fees for leading DeFi tokens

17th November 2020 — Bittrex Global GmbH. announced today 8 new DeFi tokens will be listed this week including:

  • UMA (UMA)
  • Aave (AAVE)
  • Balancer (BAL)
  • REN (REN & renBTC)
  • Kyber Network (KNC)
  • Band Protocol (BAND)
  • YF Link – (YFL)

Bittrex Global’s users can trade all of their DeFi  tokens with no trading or gas fees until 2021. The decision to enable free trading on Bittrex Global for DeFi tokens  follows on from the 1,000% growth of the DeFi asset class over the course of 2020.

The decision to enable free transactions will see more investors enter the Blockchain Act’s digital asset regulatory system, supervised by the Financial Market Authority in Liechtenstein (FMA) under the Due Diligence Act which requires traders to comply with the KYC/AML/CFT standards.

“The last year has seen huge growth in DeFi as an asset class and a number of significant milestones completed,” said Bittrex Global’s CEO Tom Albright. “As the asset class matures and more institutional and professional investors look at the fundamentals, we are likely to see increased demand and higher trading volumes for DeFi in 2021.

We’re really excited about what we’re seeing in the space and want to see these DeFi projects grow and help them build stronger platforms through increased adoption. Offering free trading fees…

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