Lisk seems to be dropping as the market is experiencing another massive dip, with having Ripple as the biggest loser after the latest change in the market. All drops are hovering between -10% and -15%, so the coins are suffering from grave loses at this point. However, Lisk has some great news that might help this currency rise above the dip and bounce off while trading in the red. Let’s see what the good news is all about and whether LSK would be able to cut its losses and rise above the dip soon.
Lisk and Lisk Hub Update
The most recent announcement picked up by the dev team behind Lisk and its decentralized platform has stated that Lisk is announcing a new version of their application, Lisk Hub.
With the new update of Lisk Hub, now already known as Lisk Hub 0.3.0, Lisk Hub is promised to provide far better user experience as they are planning on making a more user-friendly application. There are some new features announced as well with the new version of Lisk Hub, some of which will include a refreshed interface as well with the new desktop icon and a brand new home button as well. However, these features won’t be the most interesting additions to the new version of Lisk Hub as the dev tea, behind this currency is also adding some new important features that should take Lisk’s use of blockchain technology to a new level.
The team has announced features that should allow address copy along with lock ID feature and the account initialization.
With the idea to allow new users to receive micropayments with the sender only having to pay ridiculously low fees for the transaction, Lisk Hub 0.3.0. will be using the feature of account initialization. This feature works in order to make sure that every account held by a Lisk investor is initialized with the help of transactions being made between the two different account holders. That way the public keys describing these accounts are recorded in the Lisk blockchain, providing account initialization.
Lisk dev team was also thinking about the safety of LSK users as well as about the account management, so they have decided to add the Lock ID feature to the new version of Lisk Hub. With this feature, users can be sure that their accounts and IDs are both being operated within a fully secured ecosystem. The Lock ID works by allowing a timeout period that lasts for 10 minutes, removing the ID passphrase once the period of 10 minutes runs out.
The new version of Lisk Hub will allow you to save the passphrase only in the case of having the application up and running while in the case of having the application closed, the passphrase will be immediately removed that way practicing users’ safety.
With this update all users can be sure that their ID will be protected in the case where their transaction addresses are visible in the public ledger of the blockchain network, knowing that it only takes to discover the address in order to be able to track down parties involved in making transactions on the blockchain network.
The rest of the added features mostly revolve around improving already existing features, while also implementing changes that would enable smoother app operations and more user-friendly experience. That is how the new version will allow copying your wallet address in a single click for even easier transaction making as well as having some neat additions in form of shortcut buttons and a new logo for Lisk. That’s a full makeover, right?
This kind of news usually sky-rockets a coin, but there haven’t been any improvements for LSK as the market is plummeting again and the prices are dropping dizzily without visible redemption.
How is Lisk doing at the Current Moment?
After the latest change in its price and with the most recent market dip that was briefly interrupted by a smoother and more rewarding week (last week), Lisk is going down as the market is crashing once again.
After the latest change in the market which occurred in the last 24 hours, Lisk has dropped by -12.66% against the dollar. Most currencies are currently dropping in the range between -10% and 15%, so Lisk is following that “trend” with no exceptions.
At the current moment, after the latest change in its price, LSK can be bought at the price of 7.29$ per one unit. Although the price of nearly 7.5$ per one coin is more than fine, LSK is still trading in the red and far from its all-time high of around 38$ per unit as noted in January 2018.
As the newly improved Lisk Hub has just been announced, there are still no improvements visible in the trading volume of LSK in oppose to the last week. However, it is expected that the price of LSK will rise accordingly as the date of Lisk Hub 0.3.0. is getting closer as lots of HODLers are showing enthusiastic reactions regarding the tweet that announced the release of the new improved Lisk Hub. Hopefully, this version will live up to all expectations, including the expected rise in LSK’s price.
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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.
Image courtesy of Bill Smith via Flickr
TRON Partnership Involves Cloud Computing
It has been almost an entire week since Justin Sun, the founder of TRON (TRX), announced a new big partnership for this cryptocurrency. His Twitter announcement did not provide a lot of information, except for the fact that the TRON partnership is with an industry giant worth tens of billions of dollars.
— Justin Sun (@justinsuntron) October 12, 2018
Even so, the entire crypto community started speculating about the new partner’s identity. Soon after the announcement, a new rumor emerged, claiming that the identity of an unnamed corporation was uncovered. According to the rumor, TRON’s new partner is none other than Baidu, one of the largest tech giants of China, which also represents this country’s largest internet search provider.
Baidu is often viewed as China’s version of Google, and if the rumors of a partnership with this company turn out to be true, this will be a big game-changer for TRON.
However, in days following the announcement, new reports started coming in with claims that the partnership will not revolve around blockchain technology. Instead, ODaily reported that the alleged partnership between TRON and Baidu will be focused on cloud computing. The report claims that TRON will be purchasing computing resources from Baidu.
Will Ripple (XRP) advocacy hike affect bitcoin dominance of China?
Currently, China is leading in Bitcoin mining industry by far, second to none for bitcoin mining power. Literally, it’s contributing over 70% of the network’s hash rate (a term that is used in describing the total processing power of a blockchain network). But how Ripple fits in here and what it has to do with that? We’ll talk about that a bit later below, let’s cover some in-depth facts about China’s dominance over Bitcoin first.
It’s a near-complete dominance by China on the BTC mining grid that has made it responsible for mining a majority of circulating bitcoins. A Beijing-based company, Bitmain Technologies, is highly responsible for extracting the significant part – more than half of the globe’s bitcoin, and alone, it has approached 50% of the total hash rate more than once.
The fact that China is controlling a majority of Bitcoin hash rate, clearly tells that it has the power of manipulating or merely destroy the bitcoin network if it gets enough support should it decide to take such a move. Therefore, this has led to serious concerns among countries including the US that China might get an edge in this cryptocurrency industry and possibly becoming a potential threat.
China is the biggest manufacturer of Bitcoin as well as cryptocurrency mining equipment. The reason behind the massive growth of mining farms in the country is because of cheap electricity bills.
Furthermore, the country has adopted several…
Ravencoin (RVN) Surges Following Binance Listing
While most cryptocurrencies today still remain unstable and at the edge of falling into the red, there are some coins that are doing significantly better. One such coin is Ravencoin (RVN), which has surged by over 26% in the last 24 hours.
Ravencoin came to be as a hard fork of Bitcoin and was inspired by a popular book series-turned-television programme, Game of Thrones. The coin’s developers decided to make Ravencoin an open-source project that provides users with the ability to declare assets on their platform. The platform itself is decentralized, transparent, and secure.
Just as Game of Thrones’ ravens are used for spreading the news and truth, Ravencoin hopes to become a carrier of truth regarding the ownership of assets on the blockchain.
Ravencoin’s main use case is for performing P2P transfers, while it prioritizes security, autonomy, user privacy, and control. Additionally, as a coin fighting for truth and transparency, it also stands against censorship.
Ravencoin got listed on Binance prior to MainNet launch
Following the last week’s announcement that Ravencoin is getting officially listed on Binance, the world’s largest cryptocurrency exchange ba trading volume, Ravencoin experienced a large price surge. At one point, the surge took the coin’s value up by over 31%. At the time of writing, however, the coin is still growing, with an increase of 26.15% in the last 24 hours.
Getting listed on Binance has brought Ravencoin to the top…
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