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Lisk (LSK) Just Announced Lisk Hub Update

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Lisk Hub

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

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more. One of the ways to have a successful…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has…

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