Lisk (LSK) won’t let you forget about it as the team behind this currency is actively working on implementing novelties, all backed up with amazing events which could potentially boost Lisk’s price as well, and help it bounce off and recover from the latest market dip. One of the reasons why Lisk is considered a top technology is the fact that this decentralized blockchain platform is operating with side chains, allowing it to do more than just standing out from the crowd. So, let’s see what Lisk has been up to these days and how can this promising coin surprise us in the months to come.
Top Events for Lisk
Having events hosted by dev teams behind their digital assets somehow always turn out in favor of the coin. That is how Lisk’s price might get potentially boosted. Luckily for LSK holders, that was the case for Lisk, thanks to the two announced events, one of which occurred a couple of days ago.
On March 17th there was an exclusive event, held by Edward Trosclair. The event was held at the University of California, Berkeley and on this occasion, Mr. Trosclair held an interesting presentation.
Before the announcement of this and another important event that will occur on March 20th and March 21st, lasting for two days straight, LSK was going down with its price, dropping low with what seemed to be a bottomless pit of the most recent market dip that lasted for Lisk for more than several weeks.
The event held in Berkeley had a clean objective to explain how Lisk is planning on solving one of the biggest issues all blockchain-based ecosystems are suffering from – scalability.
During his presentation, Trosclair explained how Lisk is able to solve scalability issues thanks to the fact that this digital asset is operating with side chains that put less pressure on the main ledger of the network.
The second event, scheduled for March 20th and March 21st in Hong Kong might be the biggest event for Lisk so far as Token 2049, which is the name of the event has the objective of bringing together developers from crypto communities around the globe. On this occasion, all developers will be able to exchange ideas and thoughts on the developing blockchain technology with the potential of making partnerships and cooperating on the further development and improvement of the global decentralized community.
Lisk will be represented on this event by Max Kordek, which is a pretty big deal for LSK as this event has global attention.
Pantos and Lisk
Since Lisk is considered to be a coin with large potential within its technology, this digital currency with its decentralized ecosystem will be partnering up with Pantos.
Pantos is a multi-chain platform with more platforms resting on its ledger, so Lisk won’t be solely Joining Pantos, but will also be partnering up with other platforms, including Komodo, Waves, Ethereum and Bitcoin.
With this partnership, Lisk will be able to join a growing community of blockchain platforms where the technology provided by Pantos would be able to solve any issues that would otherwise appear in cross-border exchanges, transactions, and collaboration between different ledgers and blockchain platforms.
Pantos development team is said to be working on releasing technology that would allow all blockchain decentralized platforms hosted by Pantos to make quick and swift exchanges on their own personal ledger.
How is Lisk doing at the current Moment?
It seems that partnering up with Pantos and participating in a couple of pretty important events feels good for LSK as the price of this digital currency has substantially changed in the last couple of days.
Given the fact that LSK also stands for a promising coin in the world of cryptocurrencies, it is no wonder that this coin has finally started to trade in the green.
After the latest positive change in its price, Lisk managed to jump up to 10.59% against the dollar, while rising for 4.79% against BTC.
At the current moment, Lisk can be purchased for 13.75$ per one unit. Hopefully, there won’t be any negative changes in the market for Lisk anytime soon, so this coin would have some time to recover from the market dip. For now, it seems to be doing a great job.
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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 Paul Williams 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.
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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.
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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.
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