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Lisk (LSK) Reaches Most Important Mark to Date: Core 1.0

As reported previously on EWN on the Lisk Review Blog Post, the development team behind Lisk (LSK) were preparing for the MainNet migration on Aug 29:

“Here at LiskHQ, we’re buckled down and working hard in preparation for the upcoming Lisk 1.0.0 migration on Mainnet on August 29. All of the components of the Lisk ecosystem — Lisk Core, Lisk Elements, Lisk Commander and Lisk Hub — are all being updated and aligned with one another for the big migration. In addition to this, the Lisk Core team is also working on future releases,” the Lisk team wrote in the blog post..

Read Also:  Lisk (LSK) Coin Story, News And Development And Future Price Prediction

The coin that started with a successful ICO in Feb 2016 and a MainNet launch later on did stand out quite well against similar competitors. The platform enables developers to use the most famous programming language JavaScript to create dApps or decentralized applications run on the network. With the side chains connected to the main chain while accordingly developers managing the dApps on the side ones, the team is trying to overcome the existing problems that Ethereum is facing, for example scalability.

Going past many days of very strict yet constant testing the team launches the very important Lisk Core 1.0 to the Main Network. With its SDK or SideChain Dev Kit scalable blockchain apps are made available for creation. On top of all that, users can deploy their token on the net.

Max Kordek – Lisk Co-founder and CEO of Lightcurve added on the event:

“Today marks the beginning of a new era for the Lisk community. The road to innovation is rarely smooth, and we have taken a methodical, measured approach to our development phase, taking no shortcuts along the way. It is with a great sense of collective pride that we officially announce the release of Lisk Core 1.0, an achievement that reaffirms our ambition to be the enablers of innovation in the fast-evolving blockchain ecosystem.”

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Lisk (LSK) Coin Story, News and Development and Future Price Prediction

The crypto-verse is reaching not-imagined before heights with new technologies, ideas and coins debuting. This all begun from Bitcoin (BTC) in 2009 that was the only coin in its time. That number grew to over 1,500 cryptocurrencies per time of writing. But, the mentioned growing number directly equals to tech-competition within the ecosystem. Many now lead the top of the market by marketing-hype and many other by technological achievements per time or future plans. From the very low ranked, more than 350 have no market capitalization at all or equal to zero. But Lisk [token named LSK] is one of the leading ones and to look forwards.

Lisk (LSK) Story

It all was initiated with a ICO in Feb 2016 that was followed up with the MainNet launch three months later the same year. One of the standing out features that Lisk brings to the verse is giving the ability to developers to use JavaScript for creating dApps. With the side chains connected to the main chain while accordingly developers managing the dApps on the side ones, the team is trying to overcome the existing problems that Ethereum is facing, for example scalability.

Another very welcoming and appreciated side of the 21th largest coin is the integrated SDK that enable yourself-dApps development. Together with the above, you can create the decentralized application with no requirement of learning a complete new language.

News

China’s latest ranking has placed Stellar (XLM) and Lisk (LSK) ahead of Bitcoin (BTC). The ranking which is purposely invented for blockchain technology based on their applicability is a creation of China Electronic Information Industry Development Research Institute (CCID) and the China Software Testing Center (CSTC).

In the ranking, Komodo, Nebulas, NEO, Stellar, Lisk, GXChain, and Steem were ranked ahead of the almighty Bitcoin because they have dependable applicability and technology that outweigh BTC. However, in areas of innovation, Bitcoin was given credence may be due to its long track record.

The development report posted on the Lisk official Medium said that the Lisk Core 1.1.0 quality assurance had been successfully completed and that the process was not only smooth but also without any issues.

“Here at LiskHQ, we’re buckled down and working hard in preparation for the upcoming Lisk 1.0.0 migration on Mainnet on August 29. All of the components of the Lisk ecosystem — Lisk Core, Lisk Elements, Lisk Commander and Lisk Hub — are all being updated and aligned with one another for the big migration. In addition to this, the Lisk Core team is also working on future releases,” the Lisk team wrote in the blog post.

LSK Price

Lisk (LSK) started off the year on a high note after the crypto market rallied in Q4 of 2017. The altcoin was going for $40 which is little less than 10 times its current price. Crypto analysts at the beginning of the year were very optimistic with crypto coins making predictions of LSK surpassing the $100 mark. However, this is yet to happen after the massive downtrend at the beginning of 2018 in all digital currencies!

For the time being the pair LSK/USD is the highest gaining in the last 24-hours out of all the top 25-coins, including leading ones like XRP, ETH, ADA and so on.

LSK Lisk Trading

Source: coinmarketcap

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How Tron (TRX) Will Become A Top 5 Coin

Tron (TRX) is holding tight at the number 14th position on coinmarketcap.com and is enjoying the positive tides in the market. The token, soon to be coin on its own blockchain, is currently trading at $0.042: a 6.5% gain in the last 24 hours.

Despite the FUD that is has plagued the Tron project since inception, the Tron Testnet was launched on March 31st through a live event that involved the Project’s lead, Justin Sun, and his technical team. In it, Justin and the team highlighted what will be an exciting roadmap moving forward and more reason to be bullish about TRX.

Firstly, once the Mainnet is launched on the 31st of May, Tron will continue with its vision of a totally decentralized internet. The Tron protocol will be gunning for platform heavy-weights such as Ethereum and Lisk, in a bid to attract Decentralized Applications develoepers. With already $100 Million users on the current 9 DApps on the Tron’s Ethereum based platform, the sky is the limit once migration to the new blockchain starts. The migration of the ERC20 Tokens will begin on the 21st of June, 2018.

Secondly, is the much anticipated Project Genesis. With this project, Tron literally means war with Ethereum and any other platform. Project Genesis is a reward pool valued at $2 Billion and aimed at rewarding its Tron community and developers. One thing that is known through observing human nature, is that we are motivated by the thought of being rewarded for our work. More so, if this reward is in the form of some currency. This means developers out there can really earn a quick buck by doing what they love.

Project Genesis also includes loans to entrepreneurs. Single loans of $100,000 in digital assets will be issued to ensure that developers are well funded to carry out the much needed Research and Development.

Thirdly, the Tron community is impressively large not to notice. The main Telegram chat group has an impressive 18,000 members and still growing. The Tron Foundation twitter page has over 284,000 followers. Its Reddit community is 63,000 strong. With such a following, the only way is up for Tron (TRX) moving forward. Also to note, is that Justin pretty much has the entire country of China watching the project. Speculation is high as to what such a backing can do for the project with Jack Ma being Justin’s mentor.

For the token, and later coin, to reach the number 5 spot on coinmarketcap, its marketcap should be greater or equal to that of Litecoin (LTC) at the moment of writing this. This value stands at $7.376 Billion. This means the price of TRX would have to be $0.112: a value TRX has tested twice on January 4th and 10th this year.

In conclusion, TRX is a project to watch out for moving forward. It is only a matter of time before it stuns the world with A Moon Landing.

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Lisk Relaunches Blockchain Project With 'Accessibility' in Mind

The team behind the Lisk blockchain network is hosting a relaunch event in Berlin today, boasting a new look and long-term plan for the project.

“Rebranding normally only involves a change of design, but we, while being in that process, determined that we need to change much more,” Max Kordek, Lisk’s co-founder and CEO told CoinDesk.

Today, at an event sent for 7:30 p.m. CET, the startup will roll out a new front-end design, wallet and dashboard. The idea, Kordek said, is to improve accessibility for users who may be less familiar with using the various tools associated with cryptocurrency management – as well as those who know their way around the tech.

“In the beginning it was really more like a tech project,” Kordek said. “Now we’re more about enabling people, about giving access to them, because blockchain technology is such an amazing thing. We basically want to distribute it to the people to make it accessible so that everyone can build on it.”

Lisk first debuted in mid-2016 as a fork of the Crypti blockchain, netting 14,000 BTC in an initial coin offering that May. Per data from CoinMarketCap, LSK is now the seventeenth largest cryptocurrency by market capitalization, which as of press time hovered around $2.87 billion.

Two-prong approach

Kordek says that Lisk’s approach to improving accessibility is two-pronged.

For one, the team wants to create a better platform for users and developers that are already a part of the existing community. Last week, Lisk unveiled a fund that will support the development of “high-quality sidechains” to accompany the main network. Kordek wrote in a blog post that he has committed 1,700,000 LSK to the initiative and that investments will be made in the range of 5,000 to 500,000 euros.

At the same time, Lisk is seeking to court new users as well.

“We also have to attract new people, and these people don’t know anything about blockchain. So we also have to find ways that we can teach and educated them about this technology so that they see the advantages,” Kordek explained.

Lisk hopes to facilitate user accessibility in part by prioritizing the user experience of its cryptocurrency wallet such that “new users can be on-boarded faster and can jump right into the whole ecosystem much quicker.”

Additionally, the Lisk team says it will announce plans to create a blockchain “academy” today, with an eye toward using it as an education hub for the tech.

“Apple, of course, had to teach the world how to use an iPhone,” Kordek said. “So we have to do something similar. We need to teach the people first what is the blockchain, what are the advantages, and then how to use our wallet or our ecosystem.”

Lisk coins image via Shutterstock

The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Have breaking news or a story tip to send to our journalists? Contact us at news@coindesk.com.

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Lisk Price Dominating the Market Again: Testing New-Record?

When you read that the cryptocurrency values have survived one of the major dips of its history, it brings positivity and confidence to an enthusiast. While the market has entered a recovery-phase with many cracks going on, there are coins that are doing very well.

As it happens very often, during the weekends the leading digital currencies enter a sort of consolidation mode while various lower in market cap altcoins take turns to shine. As it happened during 7-8 of Jan, Lisk [LSK] is performing exceptionally leading with gains of 12.00 percent in the last 24-hours against the US Dollar.

LSK Trading

Source: coinmarketcap

Even though the Lisk price is close to its all-time high of $37.80, it remains to be seen if a new record can be set. While the current gain is rather impressive, the previous all-time high earlier this week was rejected pretty quickly. It is evident upward momentum in the cryptocurrency world is hard to come by, especially when it comes to sustaining the price trend for more than a few days

The upward movement that is taking place for almost two weeks now, has brought just slight below 200 percent advantage of the pair LSK/USD. Despite the fact that altcoins usually follow the leaders [in market cap Bitcoin #1] steps of surge or decrease against the US Dollar, LSK is leading the BTC market for 4.26 percent.

Lisk is quickly becoming rather popular in South Korea, by the look of things. LSK Can be traded on the country’s second-largest cryptocurrency exchange in the form of Upbit. Coinegg comes in second place, followed closely by Binance and Bit-Z.

It would be of no-safe gameplay to choose holding the tokens this moment as Lisk might not overcome the record with the above mentioned momentum so partly cashing out is recommended, however the weekend started more interesting than thought for LSK price and the market could surprise us even more

Trade safely and do not overtrade!

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Bull Breakout? LSK Jumps 60 Percent on Exchange Listing

The price of Lisk’s native token LSK is flirting with a bullish breakout following a new exchange listing.

Price charts indicate LSK ran into bids at $21.63 at 05:34 UTC today before ultimately jumping more than 60 percent to $35.26 in the next 30 minutes. So far, it’s a development the investor community is associating with its listing on the Japan-based exchange bitFlyer, one that holds water as it’s one of the largest domestic exchanges in terms of trading volume.

However, bitFlyer encountered technical difficulties immediately after the new listing.

This seems to have weighed over LSK prices. As of writing, LSK is changing hands at $26.27, meaning the cryptocurrency has retracted from its intraday high of $35.26.

Still, the odds of a bullish breakout on technical charts remain high.

Prices could remain well bid in February as a project relaunch is scheduled on Feb. 20, and it seems to have garnered plenty attention from investors.

The company runs a blockchain application platform, somewhat similar to ethereum in intent in that it’s meant to enable decentralized applications. It is also set to unveil an entirely updated and improved platform, as well as a new brand identity and website next month.

LSK chart

The above chart (prices as per Bittrex) shows:

  • A repeated failure on the part of the bears to keep prices below the 50-day MA, followed by a sharp rebound from the rising trendline representing a series of higher lows. The price action indicates the bulls are in control.
  • The 50-day MA is trending north, indicating a bullish setup.
  • The relative strength index (RSI) is above 50.00 (in the bullish territory) and on the rise, suggesting scope for further gains in LSK.

View

  • The retreat from the intraday high of $36.27 has neutralized the immediate bullish outlook.
  • That said, a close today (as per UTC) above $26.68 (Jan. 20 high) would open doors for a sustained move higher to a record high of $41.39 (set on Jan. 7).
  • On the downside, only a daily close (as per UTC) below $14.76 (Jan. 17 low) would signal a bullish-to-bearish trend change.

Disclaimer: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in BitFlyer.

The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Have breaking news or a story tip to send to our journalists? Contact us at news@coindesk.com.

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.

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80% Of All Bitcoins Already Mined, Only 4.2 Million Coins Left Until Supply Cap

Jan. 13 marked an important milestone for Bitcoin when 16.8 million bitcoins (BTC), or 80 percent of the entire Bitcoin supply, were mined. This means only 4.2 million bitcoins, or 20 percent, are left to mine until Bitcoin’s 21 million supply cap is reached.

BTC contains the 21 mln cap built into its protocol by Satoshi Nakamoto, first mentioned in their 2008 White Paper, as a way to introduce digital scarcity to cryptocurrency. With such a cap in place, the more bitcoins are mined, the more scarcity is produced on the market.

Scarcity arguably creates demand, which in turns makes the coins more valuable. Once 21 million bitcoins have been mined, it will become even harder to obtain them, also potentially making each coin more valuable.

Miners currently receive a 12.5 BTC reward for every block that they mine, but Nakamoto’s protocol also requires that the mining reward is halved every 210,000 blocks, or approximately four years. The next miner halving will take place within two years, approximately in early June 2020 depending on hashrate, bringing the rewards down to 6.5 BTC per mined block.

Not every digital currency is mineable like BTC. Some cryptocurrencies are created with the entire supply released all at once, in which case the total supply is either held or in circulation and there is no way to “mine” or mint new coins.

Some examples of non-mineable digital currencies are Ripple, IOTA, NEM, NEO, Qtum, Omisego, Lisk, Stratis, Waves, and EOS.

Increasing supply

Skeptics have proposed that it is theoretically possible to increase Bitcoin’s 21 million capped supply of Bitcoin via a 51 percent or a Sybil attack, but so far neither of these manipulations has proven feasible in the case of BTC.

Altcoin Krypton, which is based on Ethereum, experienced a 51 percent attack in August 2016, but no other such attacks have taken place since then.

BTC is still recovering from the Dec. 22 market dip, trading at an average of $14,200 and up about 4.75 percent over 24 hours to press time.

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Lisk vs Bitcoin – Resistance Rejected

Lisk has been outperforming Bitcoin in the past few weeks, and has went from 55k up to 150k satoshi, making a strong 177% gain.

Although it has been stopped right at the resistance which was clearly rejected at BTC 0.0015. First, this is the 527.2% Fibonacci retracement level applied to the first corrective wave after the 200 Moving Average breakout. Second, this is the 76.4% Fibonacci retracement from 27/08 high and 02/11 low. This makes it a very strong resistance and given the fact that it was rejected precisely at that price, suggests that the correction down is likely to follow.

At the same time, break above that level will indicate that Lisk is intending to continue moving upwards, although and a faster pace.

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Price Analysis: Lisk(LSK) Triangle Breakout

Lisk was trading within the triangle pattern since September the 1st where it found strong support around $4 area. On the 8th of November LSK/USD finally managed to break through the triangle pattern going above the downtrend trendline as well as 200 Moving Average.

The lowest price since range trading has been $3.7, although Lisk already trading at $7.3. This is a strong growth of almost 100% in less than two weeks. While Lisk started to print higher highs and higher lows and trading above the 200 Moving Average, the growth tendency is likely to continue.

Based on the Triangle Patter, the very first upside target is seen at $10, psychological round number as well as 127.2% Fibonacci retracement level. Break above the $10 resistance should result in a more exponential growth towards one of the next Fibonacci levels. Keep in mind that a close below the 200 Moving Average should invalidate the bullish outlook.

lisk analysis