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OKEx lists Lisk [LSK], price goes up by 8% in a few hours

Anirudh VK

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OKEx lists Lisk [LSK], price goes up by 8% in a few hours
Source: Unsplash

Prominent exchange OKEx added support for the Lisk [LSK] token earlier today. The Lisk token is the token used as a currency on the Lisk blockchain.

The Lisk project also enables developers to build blockchain applications using JavaScript. It offers developers custom sidechains to build decentralized apps on the Lisk mainchain. The mainchain will later become the future hub for all the sidechains. The Lisk platform is not live as of yet.

The developers quote the reason for using JavaScript as it is the language of the Internet, saying it is the most commonly used programming language in the world. It uses the Delegated Proof of Stake [DPoS] protocol for consensus, removing it from the risk of 51% attacks.

The token has a maximum circulating supply of 106 million Lisk tokens. The block reward for blockchain will be 5 for the first year, 4 tokens for the second year, 3 Lisk for the third year, 2 for the fourth year, and will finally reduce to 1 token, resulting in an inflation rate of about 1% after the last decrease.

The price of the Lisk token was trading around the $8 mark over the week, with a spike seen on May 29th. The price quickly rose from $8.08 to $8.62 within a few hours. While it did see a small drop on May 31st from $8.69 to $8.35, it gained back its losses over the next day.

There is a potential for a rally forming as the price shot up from $8.63 to a high of $9.33 earlier today. It broke the $9 resistance with abandon, as it demonstrated a growth rate of 8.1% in just a few hours!



Twitter user Jurgen Houtepen said:

“nice job. can you pls add @ZebidataIndia dear Okex team?”

Lois Cabali said:

“Still waiting for credits. When r u gonna list it?”





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Anirudh VK is a full-time journalist at AMBCrypto. He has a passion for writing and interest towards the future of blockchain technology and cryptocurrencies. He does not own any cryptocurrencies currently.

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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