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Lisk (LSK) is Finishing Core Beta Testing: Ranked as the 3rd Top Blockchain by China

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Lisk
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Lisk (LSK), being ranked as the 24th currency on the global coin ranking list, has just earned the status of the top 3rd blockchain project. Needless to say, this is a massive success – especially now at the moment when the market seems to be a bit shaky with all the ups and downs we’ve been witnessing for the past couple of months. Even though Lisk is currently being traded in the red, the LSK has some good news as Lisk is getting closer to finishing Core Beta Testing, which should with completion represent the next achievement of the team behind LSK.

Lisk is getting closer to Finishing Core Beta Testing

It’s been a month already since the team behind Lisk announced that they are working on Core Beta Testing. Since then everyone was expecting updates regarding this project, and finally, on May 17th, the team behind LSK has updated the public about their progress on Lisk Core 1.0 Beta Testing, as published by Lisk on Medium.

Due to their efforts and recognized progress in the terms of technological improvements, Lisk has announced to be the top 3rd blockchain-based platform in accordance with the Ministry of Industry and Transformation technology in China.

Before Lisk, we can see Ethereum ranked as the top 1st platform followed by Steem as the second, while NEO is ranked just below LSK as the 4th best blockchain project.

To update the public about the latest progress of Lisk 1.0 Update Beta testing that has taken the most of the team’s attention during the period of the last month, the team Twitted about their most recent achievement.

In the official release as published on Medium, the team has stated that they are planning on providing detailed updates to the public with a goal of promoting transparency and presenting every step of the current development, including justifying their decisions and explaining delays.

The team has stated further in their update that they have resolved over 80 different issues that appeared during the testing while having the exact number of 309 commits during the three weeks the team has been working on Lisk Update code base.

Among the mentioned over 80 issues, the team has found the 6 of those issues to be extremely difficult to resolve, which resulted in taking more time to work on the development of the core update.

The 6 mentioned issues that were found then took more time to be resolved, along with taking more resources due to the complexity of the encountered issues.

One of such issues was marked as Memory leaks, and it took more time to get resolved as the team needed to find a reason that triggered this issue in the first place. In the end, they have successfully concluded that the issue appeared due to the case of duplicated entries of peer objects across the LSK network, after which they were able to resolve the problem with memory leaks.

The team is currently working on code migration, developing new API tools, fixing security features, enhancing block processes and more.

The team is said to release the Beta version of the new Lisk Update pretty soon and stresses out that the launching of the new update could be additionally postponed as they are planning on fixing every single issue they are able to find during the testing.

Once the test net is released with the new update, the team won’t be adding the new code to the Lisk code base until they are fully assured that the project they have been working on, with over 500 code changes and over 4500 commits in total during the time since the project started, is completely functional and ready to use with all enabled features and operations that have been added with the latest update.

How is Lisk doing at the Current Moment?

Observing LSK charts for the last 60 days, 30 days, the last week and the last 14 days, we can easily see that all these charts are marked in the red zone, which tells us that LSK has seen better days in the market.

During the last 60 days, we can see that Lisk went down in its value by -16% against the dollar, while it also went down against the dollar by -2.2% in the last 30 days.

On its weekly chart, we can also see it going down by -7.3%, which isn’t such a strange case in fact since the majority of the currencies has gone down in the red in the last seven days.

In the course of the last 14 days, Lisk has gone down by -23%. However, it spiked by 1600% in the course of the last year, which is a pretty huge success for Lisk regarding its position in the market.

After the latest change, the majority of currencies can once again be seen trading in the red, while Lisk makes no exception.

That is how Lisk fell by -3.47% in the last 24 hours and can be traded at the price of 10.30$ per one unit.

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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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coins
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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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crypto credit cards
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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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