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Lisk (LSK): The Future of Blockchain Technology

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Lisk
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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

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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coins
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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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