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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.

Bitcoin

Bitcoin’s [BTC] biggest threat is its users, not governments, says Bitcoin.org’s Cobra

Febin Jose

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Bitcoin’s [BTC] biggest threat is its users, not governments, says Bitcoin.org’s Cobra
Source: Pixabay

Bitcoin [BTC], the world’s largest cryptocurrency, saw a significant surge earlier this month, helping the coin break strong resistance at $5,000 and $5,200. Following the great fall of the king coin in early 2018, the Bitcoin ecosystem was struggling with scalability and technological issues, eventually leading to the hard fork.

Bitcoin.org’s Cobra, who is also the co-owner of Bitcointalk.org, has always maintained that Bitcoin was the cryptocurrency to look out for through his various Twitter bouts with prominent personalities in the cryptoverse. Due to his strong, unbridled support for Bitcoin, he has often trashed altcoins for their low market dominance.

In a new Twitter thread, Cobra spoke about the “biggest threat” to the Bitcoin ecosystem. Even though many crypto-enthusiasts believe that governments and technological issues were the biggest threats to the king coin, Cobra had a completely different opinion.

According to the Bitcoin maximalist, users have the potential to signal Bitcoin’s doom. His tweet read,

Source: Twitter

Source: Twitter

Though most Bitcoin supporters usually support his opinions, this tweet was met with a lot of resistance. Twitterati swarmed the thread in an attempt to prove him wrong. A user named @MrHodl alleged that this could not be true as Bitcoin had “no community.” He added that this, in turn, prevented toxicity in the ecosystem.

Cobra replied to the tweet stating,



“I think there is a community, it’s just not fully representative of everyone with a stake in Bitcoin. Most holders are quiet and not too familiar with what’s going on. There’s people with 1000+ BTC and they don’t engage at all with discussion platforms, just lurk.”

Some Twitter users took it as an attack on Bitcoin investors and opposed Cobra’s stance. A user @CarstenBKK commented,

“Maybe I am lost in translation. What do you wanna tell us? That you are part of Bitcoin network of people owning/using it, but you are just disgusted by the idea, that the network is called community in the sense of direct human collaboration and affection to the groups ideals?”

Previously, Cobra had accused Twitter’s Jack Dorsey and Square Crypto of pandering to Bitcoin users, while also suggesting that the crypto project was merely a way to bring in more users for Dorsey’s CashApp. His tweet read,

“Gotta respect how hard @sqcrypto is pandering to Bitcoiners. Very clever how @Jack has embedded himself in the community; in return the community promotes @CashApp, which gives that service a small but dedicated and activist group of early users.”





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