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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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How is the Crypto Market Changing?

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It has been around a month and a half since the start of 2019, and there are already some pretty obvious changes in the way the crypto market operates, especially when compared to the last year. Early 2018 was almost a complete opposite. The previous year started with cryptocurrencies at their strongest, only to see them crashing down after a few weeks. Back then, the ICO model was still quite strong, and so was the hype surrounding the crypto space. New investors kept entering the space, and new startups emerged with their tokens ready to be sold.

As the year progressed, things started to change. The prices continued to drop, the ICO model went down from around $1.4 billion in raised funds at the beginning of the year to only $100 million in the last month.

The ICO model lost investors’ trust, as many of the projects turned out to be either too weak to survive after the crypto winter struck, or scams which tricked investors out of their money and disappeared. Not to mention that the increase in ICOs popularity attracted the regulators who cracked down on them pretty hard, especially in the US.

With all of that happening, it is of a small surprise that the investors started giving up on ICOs, especially with the constant drops in prices which saw even the largest coins…

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Understanding the Uses of Different Types Of Cryptocurrencies

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Cryptocurrencies – a term which has become incredibly prominent in the mainstream media during recent years due to the proliferation of Bitcoin millionaires. As a result, the new form of currency has earned an almost infamous status. However, as with any major step forward, there is still much confusion regarding the use of cryptocurrencies, what different types of innovative electronic cash exist and what they might mean for the future.

We’re putting all of this to rest as we explain what each of the leading cryptocurrencies can do.

Bitcoin

The most popular form of cryptocurrency, Bitcoin was first thought up in 2008 by the elusive and still unknown creator, Satoshi Nakamoto, who published the whitepaper online.

It took almost a decade for the cryptocurrency to reach its peak, but in December 2017 a single Bitcoin roughly exchanged for the price of $17,000, meaning anyone who held a substantial amount of the electronic cash became significantly wealthy.

In its early years, the cryptocurrency was strictly used as an alternative for cash transactions, and predominantly for trading goods and services. However as it has increased in popularity, its range of uses has also widened, now deployed for a variety of purposes including acting as collateral for investments at merchant banks, a direct debit for subscriptions services and most notably for sports betting.

Ripple

Bitcoin’s closest source of competition, Ripple was founded…

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New DoJ Ruling May Cripple Gambling dApps

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A new decision made by the US Justice Department has expanded restrictions regarding online gambling in the US affecting gambling dApps. While the Federal Wire Act of 1961 prohibited online gambling regarding sports since 2011, the new decision expanded on this, and it now includes all forms of internet gambling. Unfortunately for many, this now also includes cryptocurrencies.

The new decision came due to considerable difficulties when it comes to guaranteeing that only interstate betting will take place and that payments will not be routed via different states.

The new announcement was explained in a 23-page-long opinion issued by the Department of Justice’s legal team, which pointed out that the 2011 decision misinterpreted the law. According to that decision, transferring funds was to be considered a violation, but data transfers were not included. By exploiting this oversight, it was possible for gamblers to turn to internet gambling. Unsurprisingly, many have realized this early on, including startups, as well as large, established firms. This, of course, also included cryptocurrency companies as well.

The new decision changes what is allowed online

The decision to include all forms of internet gambling is a massive hit in the…

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