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

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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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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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