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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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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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