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Lisk (LSK): The Future of Blockchain Technology

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Anyone who has been on the lookout for the promising coins, have surely noticed Lisk in the pool of progressive currencies with bold ideas. With the launching of new Decentralized Apps, Lisk is climbing up, both in price and in the market demand. Let’s see how Lisk has been doing these days as well as check out what sort of Dapps this coin is working on.

A Reminder about Lisk                       

Lisk’s main task is to become the largest platform for making decentralized apps, otherwise known as Dapps in the world of cryptocurrencies and digital values. Lisk makes it pretty easy for the apps to get crafted out within its decentralized ecosystem as it provides app developers with everything they need within the platform. Thanks to its features and technological capabilities, Dapps are easy to be made and deployed into the system, where Dapps developers are allowed to use JavaScript for making their decentralized apps.

Lisk thus represents an open-source platform that is set to deliver easy to use JavaScript tools that are free for anyone, that way enabling all developers to earn through creating decentralized apps and uploading them into Lisk decentralized ecosystem. Lisk uses side chains, which are considered to be small portions of private blockchains. Side chains serve the purpose of hosting decentralized apps while offering full scalability. By joining your sidechain info that describes your application, you are allowing your side chain to join the application platform where your Dapp will be available for download and usage.

The application is shown with its interface and available for all interested users, while all developers can earn through this ecosystem and share their app with the Lisk community.

The main chain represents the home of LSK as a currency and it provides a hosting service for Lisk. This hub will soon be available as a platform where developers will soon be able to launch their ICO among all other neat things.

The team behind Lisk strongly believes that the future of business, the internet, the currencies and the way technology works all lie within the blockchain technology. With this idea, they are creating a new decentralized ecosystem with the main goal of creating a globally influential decentralized platform.

That is how Lisk team is not stopping at what they have made, but are working on further development of this currency and its decentralized ecosystem.

Lisk and LSK Game-changing Dapps

Given the fact that Lisk is strongly focused on developing Dapps and allowing developers to use JavaScript for easy creation of decentralized apps, they are aiming at creating top-notch applications. That is how more than a couple of Lisk’s Dapps are representing real game-changing projects we should definitely get interested in.

LSK and Sapiens Project

The idea behind this project is so simple and yet this decentralized app turns out to be a real game-changer. You know that time when someone asks you to share your certificate, diploma, your transcripts or a confirmation that you have attended this or that class? There is a case that we are asked to show our degree and prove our professional training by showing a copy of our diploma or a similar verification method, but this sounds a lot easier and simpler than it actually is.

Sometimes you need to send, receive and reply to a tone of emails before you can get to your certificates and diplomas and before you can send them to a review to the other party. That is how Lisk is hosting a pretty neat project, called Sapiens Project. With this application, you no longer need to worry about having your certificates and diplomas lost or damaged, or hard to get to because this application is made to allow all users to have their certificates and diplomas highly accessible. This application is fully decentralized and based on blockchain technology, making it fast and cost-effective as well as easy to use.

LSK and Rencoin.io

Rencoin.io exists as a side chain to Lisk ecosystem and it offers a decentralized application that was created to encourage children to read and learn. The motivation all users are getting by reading and learning are being handed out in form of REN currency. The children are rewarded with REN currency that is being stored in their wallet in form of a savings account. The savings can be administrated either by the parents or by children and can also be used for exchange or purchasing where REN currency is accepted. We bet more children will like learning this way!

LSK and Mandana.io

This is another side chain platform existing within Lisk and it allows users to control the way their data is being shared. What we rarely think about is the fact that we are constantly sharing our data and personal information: we are sharing data every day through online interactions and even when we are buying something at the market. With this decentralized application, you can choose whether your data remains completely anonymous or whether you are sharing your data with a third party representative.

LSK and Brikbit.io

Real estate agents can be pretty expensive so when you are buying a real estate or investing in real estate, a great portion of the money goes to the third party representatives. On this side chain, you can easily invest in property shares and purchase real estate without the presence of the middleman, that way saving money and sealing more cost-effective deals.

LSK and Moosecoin.io

Getting into the music business can be pretty tough, especially with great record labels watching over you. With this side chain, LSK allows you to make your own business plans and raise funds for your music business without the third parties involved. This Dapp will allow you to get to the people who care about your music and who will help you out with getting your art out there.

How is Lisk doing at the current moment?

In the end, we are all also interested in the price of our favorite coins and tokens, so here is how LSK has been doing for the past couple of weeks.

On February 17th, LSK showed an immense progress when this currency jumped for 11.09% against the dollar, that way trading in green at the price of over 35$ per one unit. Needless to say that this was a major success for LSK as at this time this currency was the closest it has ever been to its all-time high price. LSK’s all-time high was marked at 37.80$. While this currency was ranked as 14th best coin according to global coin ranking list, it is now listed as the top 19th currency.

In case Lisk would have continued to progress up at the same pace, the coin could have easily go pass its all-time high, but the currency fell down with its price soon after the last week’s peak.

LSK is now available at the price of 19.14$ per one unit as it had the latest drop of -6.19% against the dollar, which made this currency start trading in the red.

Lisk was holding on well, spinning around the price of a bit over 20$ per one unit, but it eventually dropped to the current price. The latest drop might possibly be the result of a massive selloff as many people wanted to cash in on the latest gains this currency has gone through.

For now, LSK is trading in red, but it will surely go up in no time as Lisk is doing an amazing job with deploying interesting and cost-effective, easy accessible Dapps.

As of the most recent changes, LSK has launched a new interface that is set to be all about accessibility. The developers claim that they find very important to have all users who are not clear with what blockchain technology is, educated and well informed on all important aspects of this technology. That is how their new interface and improved features go in favor of both, people who are still entering the world of digital value and people who are easily finding their way around decentralized technology.

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.

Image courtesy of Lee Maguire 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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