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Lisk (LSK) Just Announced Lisk Hub Update

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Lisk Hub
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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.

We will be updating our subscribers as soon as we know more. For the latest on LSK, sign up below!

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

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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SonicX
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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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