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Lisk [LSK] development update, Testnet migration and a MainNet in the future

Shahrain KM



Lisk [LSK] development update, Testnet migration and a MainNet in the future
Source: Unsplash

On 9th August, Lisk [LSK] announced on Twitter that their Testnet migration from Lisk Core 1.0.0-rc.1 to Lisk Core 1.0.0-rc.2 was a success. The migration that occurred on 9th August is an important precursor to the approaching Lisk Core 1.0.0 release to Mainnet.

Lisk. on their official blog, outlined the developments that had occurred over the past week. The development team’s primary focus was on testing Lisk Core 1.0.0-rc.2. The beta version [the second release candidate] was tagged as Pre-release when it was published on GitHub.

Issues resolved in Lisk Core 1.0.0-RC.2

The development team has confirmed that Lisk Elements 1.0.0, the general purpose JavaScript library for Lisk was released a couple of days back. The library is said to have been integrated into all of Lisk’s products with the inclusion of Lisk Core 1.0.0-RC.2.

To make certain that all of Lisk’s products are being appropriately aligned with each other, the team has upgraded to the latest version of the software. The development team further affirmed that they were able to fix a test that was previously detected to have been failing. This was the final action that was taken before the definite release of the Testnet was made.

Advancements made in the upcoming release of Lisk Core 1.2.0

The Lisk team have stated that although Lisk Core 1.1.0. is just a minor release, the modifications made to it are momentous. The team has also decided to lengthen the development phase of this version of Lisk Core. At the moment, the release has a total of 7 pull requests [Informs about the updates that are pushed to a GitHub repository] which are pending review.

Lisk has further acknowledged that users will be able to track the advancements made in the release on their GitHub. The team will review the status of their Testnet during the week to ensure that the network will continue to be stable. If the team is unable to identify any new issues with the Testnet Network within the time frame, they have assured users of a Mainnet migration height announcement within the next week.

Cryptomoon666, a Twitter user commented:

“No SDK? LOL no different than last year. How about rebranding?”

Another Twitter user named BihistN said:

“How long will it stay in Testnet?”

A Twitterati named @LiskHQ added:

” SDK when? people getting tired of waiting.”

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Shahrain KM is a writer at AMB Crypto. Her curiosity in Blockchain technology and Cryptocurrencies has led her to be a part of the news reporting team of AMB Crypto. She does not hold value in any cryptocurrencies currently.


Bitcoin SV surges by 6.84% in an hour; community speculates massive behind-the-scenes pump

Biraajmaan Tamuly



Source: Pixabay

The cryptocurrency market has witnessed major price hikes over the past few weeks, with Craig Wright’s Bitcoin SV emerging as the market’s unlikely performer. The Craig Wright-backed virtual asset, which is supposed to follow Satoshi Nakamoto’s original idea, outperformed every top 10 cryptocurrency over the past week, recording a growth rate of 22.86%.

Source: CoinmarketCap

At press time, the coin had recorded a price hike of 6.84% over the hour, with the coin valued at $228. The coin was traded the highest on CoinBene exchange, where the trading pair of BCHSV/USDT gathered a volume of $96  million. The exchange was closely followed by ZBG exchange, where the trade accounted for 13.62% of the entire trading volume.

Source: Trading View

According to the chart released by Trading View, a massive green candlestick can be observed. The chart also indicated that at press time, the candles were charting over the Moving Average [MA]. This suggested that extremely high trading volumes were pegged with Bitcoin SV.

Many in the community have speculated that the surge might be due to a massive dump of the coin in the market, after the token hit stagnation since pumping by more than 247 percent recently. The aforementioned price pump pushed the price of the coin from $53.22 to $250.

Previously, it has been suggested that the major pump witnessed within the Bitcoin SV ecosystem might be laden with market manipulation, implying the participation of illicit entities in the conduct of a “pseudo-pump” of BSV’s market. Further, the de-listing of BSV by major exchanges such as Binance may have made it more susceptible to sudden price movements, according to some.

At press time, Bitcoin SV was positioned 8th on the cryptocurrency charts. Despite the pump however, historical trends suggest a major price correction may be in the offing too.

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