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All the Things that Make Lisk (LSK) a Great Investment

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Although Lisk (LSK) has been dropping for some time now, we can’t miss on thinking about all the great things this currency has to offer for its investors. Even though LSK is currently being traded in the red at this moment, it is more than evident that the majority of currencies are dropping and suffering from losses as well. That is how we decided to list all the things that make Lisk one of the top players in the world of cryptocurrencies. That should at the same time remind us that a crypto isn’t always about the highest price, even though that counts as well. Furthermore, Lisk is considered to be one of the top investments currently available on the market, so we’ve decided to list all the things that make Lisk unique in the world of hundreds of cryptos.

Lisk as a Fork

It all happened when Max Kordek and Oliver Beddows took the control over Lisk, which was a new product forked from what was currently known as Crypti. Before Lisk, there was Crypti; however, in 2016, Lisk was created as a fork derived from this project.

Ever since, the team has been working on creating a blockchain-based open-source platform that will allow users to easily create and deploy decentralized applications, which Lisk now represents.

According to the dev team behind this project, their main objective while preparing LSK to get launched as an ICO while also working on perfecting the platform was to create a digital asset with a digital blockchain environment that could pose a challenge to Ethereum, given the fact that Ethereum is still considered to be the leading platform when it comes to smart contract operations and Dapp deployment.

What is maybe the most interesting thing about the statement that Lisk is aiming to pose a challenge to the second-best cryptocurrencies to currently exist, is the fact that later on in 2018, the former CEO of Ethereum along with another ETH member joined to the team behind Lisk.

Lisk’s Partnership with Microsoft

What many do not know is that Lisk partnered up with Microsoft way back in 2016. Basically, there are a few good ways of sky-rocketing a currency, but if you are looking for the best way, partnering up with a corporate giant is surely one of them.

The partnership between the two was made in order for Microsoft to a get a blockchain-based protocol that would be able to power up Azure Program by using a blockchain solution, Azure Cloud.

At the time, Microsoft was taking an initiative into creating a BaaS (Blockchain-as-a-Service) set under Azure that would, later on, simplify the making and deployment of decentralized applications that were of that time able to be easily programmed and created by using JavaScript.

That being said, Lisk had a lot to gain from this partnership as now this platform had a more scalable solution for creating decentralized applications.

The only thing needed in order to create any type of decentralized application was to gain the access to Azure cloud computing network that was powered up by Microsoft’s technology.

Moreover, Lisk users were also able to use customizable blockchains, join the Internet of Things and create different Dapps in a simplified way.

Lisk Found a Way of Dealing with Slow Network Time

What many developers and crypto enthusiasts, and even laymen, noticed when it came to the way blockchain platforms work, they all noticed one thing while observing major, much older currencies, such as Ethereum and Bitcoin. Apparently, these currencies with their platforms and operating blockchains had issues with network bloating.

That means that the network time would get much slower over time during the increased traffic on a given blockchain network.

The most often issue with bloating networks usually occurs due to having many transactions on a single blockchain network, being processed at the same time. That is how the network gets “jammed” and as a consequence also slower in performance, which is what nobody wants to get from a decentralized blockchain-operated ecosystem.

That is how Lisk dev team decided to learn on other cryptos’ mistakes, and as a consequence, we were introduced to side chains. Side chains are a fantastic way of solving the issue of bloated networks.

That is the case because, due to the existence of side chains, the records of processing transactions don’t have to be kept on the main chain of a blockchain network, while side chains would take over that role instead. This way, the problem of having slow network time is completely resolved and diminished in the core of the problem.

At the same time, that is how Lisk is holding an advantage in oppose to similar networks.

Lisk Hub and Lisk

Last, but not the least, Lisk can be proud of the newly developed update for Lisk. This time with the new update, all users will be able to enjoy a smoother user experience. That is because the dev team behind this currency and its platform has decided to change the interface for improved functionality, that way making the interface more user-friendly.

However, what is most important in this story is that the newly updated LiskHub has some amazing features that will in many ways improve the overall experience of LSK users. Some of the features mentioned include lock ID and account initialization, but the list of features doesn’t stop there.

How is Lisk doing at the Current Moment?

Ranked as number 21st, just a spot away from getting to the list of top 20 best cryptos, Lisk is currently being traded in the red.

Along with the majority of other digital assets, LSK is dropping in its price on April 6th. After the most recent change in the market that happened in the last 24 hours, Lisk has made a drop of -1% against the dollar.

In addition to dropping against the dollar, LSK is raising against BTC by 1.16%, which means that Bitcoin is going through more serious losses when compared to how well LSK is doing at this moment.

At the current moment, LSK can be bought at the price of 7.91$ per one unit.

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. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Importance of Bitcoin ETFs and Bakkt for the Crypto Space

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It is no secret that 2018 was a very bad year for cryptocurrencies, at least when it comes to prices and market cap. However, in its brighter moments, this year managed to set the stage for some very important events that are expected to make 2019 very successful and profitable. Two things have attracted the most attention, both of which were expected to occur in 2018, only to be moved for early 2019. Those two are Bitcoin ETF decision by the US SEC, and the launch of Bakkt.

What are Bakkt and Bitcoin ETFs and why are they important?

Let’s start with Bakkt first. Bakkt Exchange is a business that is set to launch at the very beginning of 2019. It is a cryptocurrency platform that is set to offer a large number of services, including things such as warehousing and trading. However, there is another thing that makes Bakkt special, and that is the fact that the exchange itself is a product of the same company that has created the New York Stock Exchange.

In addition, Bakkt will be supported by some very influential names, such as Microsoft, BCG, and even Starbucks, to name a few. Furthermore, Bakkt will support crypto-to-fiat conversions. Starbucks will actually be one of the companies that have volunteered to help test the system, as users will be able to convert crypto to USD that can then be used in Starbucks.

Bakkt exchange…

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4 Best-Performing Cryptocurrencies in the Current Bear Market

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Cryptocurrencies have been experiencing a strong return of the bearish trend for weeks now, and only now does it show signs of weakening. However, experts believe that the situation will not repair itself so easily and that prices will remain low for a certain period.

However, when bear market strikes, the sentiment gets most bearish when the trend reaches the bottom. Everyone starts selling, and while short sellers can make a profit in this situation, analysts usually warn that the sale will only knock the prices down even further. Since most of the crypto-related news is already negative at this point, such predictions often make sense.

However, there is still one thing to keep in mind, which is the fact that when downtrend enters a capitulation, that often signals that a new bottom has been found. That is the perfect time to actually go against the bearish trend, and start buying. It is also a good opportunity to abandon the coins that seem too risky, and do not seem to have that bright of a future ahead of them.

Bitcoin has dropped by 87% from its all-time high, which it hit back in January. However, the rest of the market dropped with it, and it never lost its dominance, which still remains above 50% of the total market cap. In other words, while its price may have sunk to lows that were not seen for a while now, it…

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Will The Stock Market’s Bearish Outlook Affect The Cryptocurrency Market?

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About 3 months ago I was reviewing what was happening in other markets as the cryptocurrency market kept falling. So I opened up TradingView and what I saw was something so incredible I had to look a second time, I thought I had opened up the BTC/USD chart but it had not yet fallen. I was a bit confused, but I realized my TradingView opened to the DOW, at the time it was looking extremely euphoric and then upon a little more research I saw it was in the longest bull since its conception.  I instantly wanted to see does this just apply to the Dow Jones or does it also apply to the likes of the Russel, S&P500, Nasdaq, Vanguard and then I even looked at the housing market. What I saw I am honestly going to say baffled me, what was there before me was a perfect opportunity, I knew that soon the stock market would fall and started letting people know about hedging.

Last year for many was a huge learning experience and even if many lost money, they learned about financial markets for the first time and may have bought their first ever investments. This was a huge plus for many people who were labeled noobs or noob investors. Why you may ask? Well, the simple answer is that noobs tried investing for the…

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