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.
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.
Image courtesy of seniorliving.org
TRON Partnership Involves Cloud Computing
It has been almost an entire week since Justin Sun, the founder of TRON (TRX), announced a new big partnership for this cryptocurrency. His Twitter announcement did not provide a lot of information, except for the fact that the TRON partnership is with an industry giant worth tens of billions of dollars.
— Justin Sun (@justinsuntron) October 12, 2018
Even so, the entire crypto community started speculating about the new partner’s identity. Soon after the announcement, a new rumor emerged, claiming that the identity of an unnamed corporation was uncovered. According to the rumor, TRON’s new partner is none other than Baidu, one of the largest tech giants of China, which also represents this country’s largest internet search provider.
Baidu is often viewed as China’s version of Google, and if the rumors of a partnership with this company turn out to be true, this will be a big game-changer for TRON.
However, in days following the announcement, new reports started coming in with claims that the partnership will not revolve around blockchain technology. Instead, ODaily reported that the alleged partnership between TRON and Baidu will be focused on cloud computing. The report claims that TRON will be purchasing computing resources from Baidu.
Will Ripple (XRP) advocacy hike affect bitcoin dominance of China?
Currently, China is leading in Bitcoin mining industry by far, second to none for bitcoin mining power. Literally, it’s contributing over 70% of the network’s hash rate (a term that is used in describing the total processing power of a blockchain network). But how Ripple fits in here and what it has to do with that? We’ll talk about that a bit later below, let’s cover some in-depth facts about China’s dominance over Bitcoin first.
It’s a near-complete dominance by China on the BTC mining grid that has made it responsible for mining a majority of circulating bitcoins. A Beijing-based company, Bitmain Technologies, is highly responsible for extracting the significant part – more than half of the globe’s bitcoin, and alone, it has approached 50% of the total hash rate more than once.
The fact that China is controlling a majority of Bitcoin hash rate, clearly tells that it has the power of manipulating or merely destroy the bitcoin network if it gets enough support should it decide to take such a move. Therefore, this has led to serious concerns among countries including the US that China might get an edge in this cryptocurrency industry and possibly becoming a potential threat.
China is the biggest manufacturer of Bitcoin as well as cryptocurrency mining equipment. The reason behind the massive growth of mining farms in the country is because of cheap electricity bills.
Furthermore, the country has adopted several…
Ravencoin (RVN) Surges Following Binance Listing
While most cryptocurrencies today still remain unstable and at the edge of falling into the red, there are some coins that are doing significantly better. One such coin is Ravencoin (RVN), which has surged by over 26% in the last 24 hours.
Ravencoin came to be as a hard fork of Bitcoin and was inspired by a popular book series-turned-television programme, Game of Thrones. The coin’s developers decided to make Ravencoin an open-source project that provides users with the ability to declare assets on their platform. The platform itself is decentralized, transparent, and secure.
Just as Game of Thrones’ ravens are used for spreading the news and truth, Ravencoin hopes to become a carrier of truth regarding the ownership of assets on the blockchain.
Ravencoin’s main use case is for performing P2P transfers, while it prioritizes security, autonomy, user privacy, and control. Additionally, as a coin fighting for truth and transparency, it also stands against censorship.
Ravencoin got listed on Binance prior to MainNet launch
Following the last week’s announcement that Ravencoin is getting officially listed on Binance, the world’s largest cryptocurrency exchange ba trading volume, Ravencoin experienced a large price surge. At one point, the surge took the coin’s value up by over 31%. At the time of writing, however, the coin is still growing, with an increase of 26.15% in the last 24 hours.
Getting listed on Binance has brought Ravencoin to the top…
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