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Lisk [LSK], Bitcoin Private [BTCP] and 6 others gather support from Trezor

Ranjitha Shastry

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Trezor announced support for Lisk [LSK] and 7+ altcoins
Source: Pixabay

Today, Lisk [LSK] announced on Twitter that they have got support from Trezor, a hardware wallet providing security without sacrificing convenience. Earlier, Trezor had also announced that they have expanded coin and token support for Decred [DCR], Bitcoin Private [BTCP], Fujicoin [FJC], Groestlcoin [GRS], Vertcoin [VTC], Viacoin [VIA], and Zcoin [BUZZ].

Lisk's post on Twitter | Source: Twitter

Lisk’s post on Twitter | Source: Twitter

Lisk is a decentralized network that doesn’t use Proof of Work [PoW] like Bitcoin, or Proof of Stake. Lisk implements a reduced implementation of BitShares’ original consensus algorithm called “Delegated Proof of Stake”. This algorithm makes it possible for every LSK holder to vote for “mainchain delegates” which is responsible for securing the network. LSK is the cryptocurrency of Lisk.

Lisk website mentions:

“To send LSK from one account to another takes 10 seconds, after about 1–2 minutes the transaction can be deemed immutable.”

Trezor on Medium mentioned:

“These coins were added into the device firmware and will be gradually surfacing in Trezor Wallet as well. They can be accessed via third-party applications like Electrum. Vertcoin is available in Trezor Wallet.”

They also added EOS Classic, Ethereum Social, Ellaism, Callisto, EtherGem, and Wanchain. For these coins they have instructed:

“These coins and tokens are generally accessible from third-party applications, developed by the coin developers, or MyEtherWallet/MyCrypto. They are not accessible from Trezor Wallet yet, but we are working on our own Ethereum wallet.”

Lisk at the time of writing has a market cap of $562 million with a price of $5.24 and has seen a downfall of 3.56% in the last 24 hours.

Lisk's trade history showing Market Cap and Price [7 days] | Source: CoinMarketCap

Lisk’s trade history showing Market Cap and Price [7 days] | Source: CoinMarketCap

CryptoG20, a crypto enthusiast, and a Twitter user commented:

“Nice job on the additions. Thank you. Also, will be great when you add #TRON $TRX.”

Ƀilly MacDee, a Twitter user commented:

“Awesome to hear. Thanks @satoshilabs and @TREZOR team.”




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Ranjitha Shastry is a part of AMBCrypto's News Reporting Team. Having done her major in Journalism and mass communication, she is passionate about business and economic journalism.

Ripple

David Schwartz of Ripple projects views on tribal behavior of crypto-industry

Priyamvada Singh

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David Schwartz of Ripple projects views on tribal behavior of crypto-industry
Source: Pixabay

In a recent podcast by Internet History Podcast, the Chief Technology Officer at Ripple, David Schwartz discussed the tribal nature that surrounds the cryptocurrency and blockchain space. Here, he addressed the issue as unfortunate and stated that the members of the space must understand that working together and in sync is significant to moving forward. In his words:

“They’re very much like religious battles. You have influential people who are committed to a position that like one digital asset is the best and they can’t acknowledge any of the strengths of others or the weaknesses of their own, which makes it difficult for people to make good decisions about you know which assets to use or what to use them for.”

He switched the subject to the workings of Ripple, wherein he explained that the company is focused on the use case of global payments but is also excited to see innovation in the space. Furthermore, he stated that he expects to see the XRP ledger be used in different sectors of innovation, moving beyond payments.

About tribalism, he said that there are certain social media platforms that fuel the trait, such as Twitter, mentioning the trend as hostile. He also said:

“Tribalism, it’s chasing a lot of people out of the space because of some platforms, particularly Twitter, is just extremely hostile and I think we need to fix that. Again, if the crypto markets are sending us any signals is that we’re all in this together and we need to work together to grow.”

The tribalism that he is referring to is evident in the space as the maximalists continue to promote their respective choice of coin while dissing every other token. This has also been observed in the Bitcoin ecosystem, wherein maximalists like Roger Ver and Tone Vays are involved.


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Altcoins

Tron [TRX] energy cost to be reduced from 20 sun to 10 sun

Priya

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Tron [TRX] energy cost to be reduced from 20 sun to 10 sun
Source: Unsplash

The whole cryptocurrency market has been witnessing a steep downward trend for the past couple of weeks. Even the major cryptocurrency like Bitcoin [BTC], Ethereum [ETH] and XRP, have lost the battle against the ice king. This negative trend has broken down most of the new projects in the market, especially the investors’ sentiments. There are also a few projects and team that are finding it hard to continue their operations because of the bear’s ever-growing presence.

Despite this, Tron [TRX], the tenth-largest cryptocurrency by market cap, continues to make advancements in terms of network development. Justin Sun, the founder and CEO of Tron Foundation presented the second proposal, Proposal 9, has been approved by 2/3rd of the governing body. The proposal is aimed at making the network a developer friendly environment by reducing the energy cost from 20 sun to 10 sun, which, in turn, reduces the cost of smart contact.

Justin Sun's tweet on the proposal | Source: Twitter

Justin Sun’s tweet on the proposal | Source: Twitter

At the time of writing, the proposal had received 22 approvals and no disapprovals. The representatives who voted for the proposal includes Justin Sun Tron, Tron Society, BitGuild, Tron One, Lianjinshu, uTorrent, Crypto Guy in ZA, Infinity Stones, Alle Exchange, Tron Alliance, TronWalletMe, Raybo Tron, BitTorrent, Blockchain Org, CryptoChain, Sesameseed, callmeSR, DApp House, Tron Spark, TRX Market, Sky people, and Tron Europe.

The first proposal of the month was related to maximizing the energy limit of the network, which was also aimed at supporting the developers of the ecosystem. The proposal was approved by all 28 Super Representatives of the network. Super Representative are the representatives of the community and validators of the node who are elected by the token holders. These representatives are given the power to vote for the activation of the features of the Tron Virtual Machine, with the focus on the betterment of the entire community.

Earlier today, the CEO of the Foundation spoke about how Tron surpassed Stellar Lumens, the fourth largest cryptocurrency by market cap. He said on Twitter:

“According to @CoinMarketCap, there are 159 trading pairs of #TRON which already surpassed 157 trading pairs of Stellar. #TRX was already listed on more than 100 exchanges, including Crypto/Crypto & Crypto/ Fiat trading pairs”


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