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Crypto Investors should Keep an Eye on Lisk (LSK)

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The crypto market of 2018 has scarred many great projects, which can be found all across the crypto space. This does not only include the usual top 10 largest coins by market cap, but also cryptos that were rising in ranks, on their way to maybe even infiltrate the top 10 list.

However, while the bear market has definitely made things increasingly more difficult, these tend to be great quality projects that can, and likely will, persist. One such coin is Lisk (LSK), which currently sits at the 37th spot on the list of largest cryptos by market cap. However, there are many who believe that this coin is worth looking into and that investors should keep a close eye on it in 2019.

About Lisk

Lisk is one of the projects that do not aim to make their coin the most popular cryptocurrency in terms of making payments. Instead, the project was imagined to be a platform that will allow and inspire further creation, similarly to Ethereum, Cardano, and other more popular platform coins. As such, Lisk holds nearly unlimited potential, and the only thing that its future depends on is whether it can provide a healthy ecosystem in which new creations can grow.

The coin has had a long history, and it was originally launched in 2014. Back then, it also had a different name — Crypti. Its creators wanted more blockchain developers to join the project and participate, which is why they started an open-source platform that allowed dApp creation.

In 2016, LSK held an ICO which was quite successful, and 100 million of the project’s coins were sold. This is around 78% of the coin’s current total supply, which indicates that there was a large interest in the coin even then. The amount raised during the ICO was at around $5.8 million.

What makes Lisk stand out

Lisk quickly grew popular with developers and investors for several reasons, such as its use of JavaScript, which has been one of the most popular programming languages in recent years. Furthermore, thanks to a professional and very useful software development kit, dApp creation was easy and effective, with developers enjoying their work instead of struggling with new programming languages and having to do all the work from scratch.

Furthermore, Lisk found a way to deal with scalability problems by introducing sidechains to its main blockchain. This allows it to deal with large amounts of transactions without experiencing problems like those that are troubling Ethereum and other similar projects. By introducing sidechains, Lisk should, in theory at least, have infinite scalability, as well as better security, as any dApp that starts experiencing issues can be isolated without affecting the rest of the blockchain.

Another thing worth mentioning is Lisk’s team, which is well organized and categorized into 4 departments, each working on a different aspect of the project. The departments are called Operations, Marketing, Development, and Creative, each contributing to the project in their own way.

Finally, Lisk has entered some very big and important partnerships over the last several years. Partnerships are crucial for cryptocurrencies’ survival, as they show potential developers, investors, and other partners that the project is real and capable of growth and development. Some of the most important partners that Lisk has entered include Microsoft Azure, lightcurve, and ShapeShift.

In the end, Lisk is a great project with a lot of potential for the future. While its coin doesn’t have a lot of value to it at this point — its current price is $1.24 — this can always change with a proper bull run. Lisk’s all-time high was over $38, and if analysts are correct, it is possible that 2019 will be the year when a new rally will arrive, potentially bringing coins back to their glory days, or even launch them to new heights entirely.

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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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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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Altcoins

ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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