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Lisk (LSK) is About to Release Core 1.0.0 to Public Test Net - Global Coin Report
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Lisk (LSK) is About to Release Core 1.0.0 to Public Test Net

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Lisk
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Lisk announced the public release of Lisk Core 1.0.0 several days ago in a post on Medium. The LSK team stated that the new update will be released on June 28th. The team has also gone ahead with announcing their latest achievements, that way introducing the community to the new version of test net.

Lisk Announces Migration and Test Net Update

On June 22nd, several days ago, the LSK team has gone ahead with publishing an official announcement on Medium where they have stated that the new updates for the test net will be ready to be released into public on the following Thursday, June 28th.

They have also gone ahead with releasing the migration guide alongside with introducing the public to Lisk documentation, adding that they have been working mainly on testing the new updates as well as focusing on the documentation during the past week.

The team behind Lisk has also stated that they have been rounding up the last QA for the upcoming Lisk Core 1.0.0 announced for Thursday while paying special attention to migration process and new integrations with main net and test net data.

The team has added that the migration process is fully prepared as they have ensured that the repository containing Lisk Scripts is completely adjusted in order to be able to adopt the new conditions that way supporting the migration.

Previously announcing that their main focus went on testing during the past week, the team has also gone forward with testing the capabilities of the new migration process that will; introduce Lisk to the newer version.

The migration was tested in a way of exposing it to various scenarios while creating an ecosystem similar to live network operations. The initial testing was not in vain as the team managed to trace several issues and address these problems in a timely manner.

Lisk Performs 500 Nodes Public Beta Test

In their official announcement that came several days ago prior to releasing the new  Core update to the Lisk test net, the team also stated that they have made it with successfully running a 500 node test that turned out to be performing in accordance with the plan.

The Lisk team has been performing stress and acceptance tests, which resulted in the satisfactory outcome.

After the tests have been conducted successfully, the team was able to announce that migration will take place once block 5,594,490 is reached, followed by the Lisk Core 1.0.0 release as scheduled for June 28th.

Technical Version of Lisk Update Sections

The team has also gone forward with describing all core updates to the network, including hub, protocol, commander, elements, core, and explorer.

In this document, the LSK team describes Lisk Protocol as being fundamentally consisted of peer-to-peer communication, blockchain transactions, and cryptography for providing security to the network and more, while Lisk Core was explained as software using LSK protocol while receiving all new releases of updates to the network.

Lisk Elements is presented as a JavaScript depository with different sections like a passphrase, API client, cryptography and transactions.

The Command Line Interface is using Lisk Commander, another one of updates sections, in order to create a tool that would enable developers to consequently increase the level of efficiency when it comes to coding with CLI.

Identification, access, and different LSK transactions are made to be a part of Lisk Hub, which actually enables LSK holders to participate the network, while the section Lisk Explorer is working on collecting data regarding transactions, blocks, and blockchain in general.

All detailed information on the technical version of LSK update sections can be found in the official Lisk announcement published on Medium.

Lisk (LSK) Performance

Although the market has shown a rock-solid sign of bouncing back up against the dollar, after acquiring over 2% of gains in the last 12 hours, LSK once again fell down against the dollar, although going down with a minor drop of -0.28%.

After the latest change in the market, the 24th-best currency can be traded at the price of 5.46$.

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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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Top 3 Crypto Trends That Might Go Big in Q2 2019

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So far 2019 has brought a significant change to the crypto industry. Q1 of this year has seen the rise of the idea of IEOs, the crypto space has finally managed to shake off the bears, and numerous coins throughout the industry have seen their prices grow once again.

The latest rally happened only several weeks ago, and it allowed Bitcoin to surge up by $1,000. Most other coins followed in their own way, but the investors are now wondering what to expect out of Q2? The Q1 started off badly, but it ended up being extremely successful. The chances are that history might repeat itself in the second quarter, as there are some key trends that might point the way for the further development of the crypto market.

1. The rise of IEOs

Back in 2017 and early 2018, ICOs (Initial Coin Offerings) were everything that the crypto space was talking about. Their popularity allowed startups to raise billions upon billions of dollars. Soon enough, however, that ended in a pretty bad way. STOs (Security Token Offerings) emerged as an alternative that does not depend on trust, follows regulations, and it actually holds value. However, asset tokenization might still be in its early stages, and this is something that might come back at some point in the future.

In 2019, however, IEOs (Initial Exchange Offerings) started attracting the…

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The Crypto Space Once Again Divided Over Bitcoin SV

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The crypto community is a strong one, one that managed to bring digital currencies from nothing to an industry worth hundreds of billions of dollars. However, while its strength in this regard is undeniable, the crypto community can be just as fragile given the appropriate conditions. With that in mind, the conditions seem to have been set for a new divide, although the cause is once again the same — Dr. Craig Wright and his Bitcoin SV (BSV).

Craig Wright vs. the (crypto) world

Dr. Craig Wright, the chief scientist at nChain, and the creator of Bitcoin SV. has been a well-known and very controversial figure in the crypto industry. Wright was suspected of being Bitcoin’s creator several years ago, which is possible because no one knows who is behind the name ‘Satoshi Nakamoto.’

Wright was believed to be him, and one theory claimed that he and his friend were responsible for giving life to BTC. However, the theory quickly died out, but not before Wright seemingly liked the idea of assuming the mantle of Nakamoto. He himself started claiming to be Bitcoin’s mysterious creator ever since.

Of course, he managed to gather up some followers, but the majority of the crypto community — while confused — did not believe him. Luckily, there is no need for trust, and Wright should easily be able to prove that he…

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Are XRP and Ripple Going to Be Worth Anything by the End of 2019?

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One surprise recently was when XRP took over Ethereum’s long-held second place in the Market Cap leaderboards. It quickly went back to its traditional and respectable third place behind Ethereum, but it could be a sign of things to come.

XRP has a lot of clout in the market because of the platform it is based on, which is Ripple. A coin that is used for a very specific purpose and with a long term goal in mind is always going to fare better than others. Litecoin, Bitcoin Cash and others have come about because of disagreements in Bitcoin. Therefore they offer nothing except an alternative to Bitcoin as a pure cryptocurrency, while Ripple (and XRP along with it) has something tangible behind it.

Big Banks Back Ripple

Ripple was created in 2012 for a specific reason. It aimed to become a faster and more efficient method to transfer value between banks and countries. This value can be almost anything from currencies to other instruments. While initially, banks were cautious about investing in the company, recently they have been lining up. The crypto winter has helped with innovation int he industry and Ripple has benefitted immensely for it.

The various payment solutions based on Ripple such as xRapid and xCurrent are seeing a large uptake, and this is having an amazing effect on XRP as a whole.…

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