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Lisk (LSK) is About to Release Core 1.0.0 to Public Test Net

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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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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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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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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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