Lossless Coin Explained: 10X Potential? episode artwork

EPISODE · Nov 14, 2021 · 9 MIN

Lossless Coin Explained: 10X Potential?

from ElBlanco Finance · host ElBlanco

Is the Lossless Altcoin a Buy Right Now? LSS is a hacking mitigation coin that allows for funds to be frozen and be sent back if the hack is detected early enough. It detects attacks using bots and 3rd party reports. If a hack is prevented, LSS gets 7% of the value of the returned money.   🚀 Join the VIP Membership Group (Discord) today! ► https://fiveorlessfinance.com/  The code is added to the coin, and it becomes L-coin, for those familiar with wrapped ETH, ETH to wETH it is the same concept but instead of Ethereum on polygon you get the lossless code implemented to the coin.   The opportunity for LSS will scale alongside the crypto market. At the moment, crypto has a market cap above 2.5 trillion. In the future, some estimates have that number surpassing 20 trillion, with bitcoin alone surpassing gold to reach over 10 trillion. Even Uniswap is expected to exceed $500 billion in trading volume for 2021. With this increase comes a lot more hacks and targets for hackers/scammers.    Implementing LSS in established coins might be difficult especially when it comes to smart contracts that were made on these established networks using ETH. However, it can be used for a lot of the new coins that involve defi, especially with NFT tokens. LSS can help bring an extra layer of security to these DeFi tokens.   According to the research done by Atlas VPN, there have been more than 122 major hacks, and a total of $3.8B has been stolen in 2020 alone. This number is set to rise as more adoption arrives.    There are no direct competitors to LSS only indirect ones like  indirect competition includes: Kaspersky Blockchain Security, Slowmist, ABDK Consulting and Bugcrowd.   I believe that LSS will be able to improve detection over time. There is massive upside potential but also massive downside. This project has huge potential, especially over the long run, which is why it will be on my watchlist. I will potentially look into accumulating if we enter a crypto bear market.    Resources:  Whitepaper: https://lossless-cash.gitbook.io/lossless/ Coin market cap link: https://coinmarketcap.com/currencies/lossless/

Episode metadata supplied by the publisher feed · Published Nov 14, 2021

Is the Lossless Altcoin a Buy Right Now? LSS is a hacking mitigation coin that allows for funds to be frozen and be sent back if the hack is detected early enough. It detects attacks using bots and 3rd party reports. If a hack is prevented, LSS gets 7% of the value of the returned money.   🚀 Join the VIP Membership Group (Discord) today! ► https://fiveorlessfinance.com/  The code is added to the coin, and it becomes L-coin, for those familiar with wrapped ETH, ETH to wETH it is the same concept but instead of Ethereum on polygon you get the lossless code implemented to the coin.   The opportunity for LSS will scale alongside the crypto market. At the moment, crypto has a market cap above 2.5 trillion. In the future, some estimates have that number surpassing 20 trillion, with bitcoin alone surpassing gold to reach over 10 trillion. Even Uniswap is expected to exceed $500 billion in trading volume for 2021. With this increase comes a lot more hacks and targets for hackers/scammers.    Implementing LSS in established coins might be difficult especially when it comes to smart contracts that were made on these established networks using ETH. However, it can be used for a lot of the new coins that involve defi, especially with NFT tokens. LSS can help bring an extra layer of security to these DeFi tokens.   According to the research done by Atlas VPN, there have been more than 122 major hacks, and a total of $3.8B has been stolen in 2020 alone. This number is set to rise as more adoption arrives.    There are no direct competitors to LSS only indirect ones like  indirect competition includes: Kaspersky Blockchain Security, Slowmist, ABDK Consulting and Bugcrowd.   I believe that LSS will be able to improve detection over time. There is massive upside potential but also massive downside. This project has huge potential, especially over the long run, which is why it will be on my watchlist. I will potentially look into accumulating if we enter a crypto bear market.    Resources:  Whitepaper: https://lossless-cash.gitbook.io/lossless/ Coin market cap link: https://coinmarketcap.com/currencies/lossless/

PodParley-generated summary based on available episode metadata and transcript content.

NOW PLAYING

Lossless Coin Explained: 10X Potential?

0:00 9:58

No transcript for this episode yet

We transcribe on demand. Request one and we'll notify you when it's ready — usually under 10 minutes.

Tips, News and Stories for Older Adults Esther C Kane CAPS, C.D.S. "Tips, News, and Stories for Older Adults" delivers weekly insights tailored for seniors. We bring you summaries of curated news, practical advice, and inspiring stories that matter to the 55+ community. From health and finance to technology and lifestyle, our content keeps you informed and engaged. Sourced from trusted outlets, each episode offers valuable information for navigating your golden years. Join us as we explore aging with positivity, wisdom, and engaging stories. Your perfect companion for staying active, learning, and embracing life's later chapters. The Protocol CoinDesk Dive deep into the blockchain realm with The Protocol Podcast, where we unravel the intricate technologies powering cryptocurrencies like Bitcoin and Ethereum. Join us on a journey through the labyrinthine layers of blockchain innovation, as tech-savvy developers sculpt the future of finance and the decentralized web. Led by CoinDesk's adept journalists, we dissect the freshest news and project revelations, demystifying the mechanics and significance of it all for those hungry to grasp the inner workings of this dynamic and rapidly evolving industry.Meet your hosts: Brad Keoun, Sam Kessler, and Margaux Nijkerk…and tune in, techies! Hyperfluent Hypio Hyperfluent transmits straight from the heart of Hyperliquid, where culture, creativity, and capital converge. Anchored by the architects of Hypio—the decentralized cultural virus—each episode archives the minds engineering the blockchain built to house all finance. These conversations are traceable artifacts in HyperEVM’s evolution: not just what’s being built, but why it matters, how it mutates, and where it’s taking us next. Listen in for the blueprints, the blind spots, and the narrative weapons shaping tomorrow’s markets.Hyperfluent: learn the language, ride the wave, spread the strain. The Accounting & Tax Help Desk For Our Sun Productions Stay on top of accounting and tax essentials with our podcast, designed for professionals, entrepreneurs and anyone looking to better understand the wold of finance.

Frequently Asked Questions

How long is this episode of ElBlanco Finance?

This episode is 9 minutes long.

When was this ElBlanco Finance episode published?

This episode was published on November 14, 2021.

What is this episode about?

Is the Lossless Altcoin a Buy Right Now? LSS is a hacking mitigation coin that allows for funds to be frozen and be sent back if the hack is detected early enough. It detects attacks using bots and 3rd party reports. If a hack is prevented, LSS gets...

Can I download this ElBlanco Finance episode?

Yes, you can download this episode by clicking the download button on the episode player, or subscribe to the podcast in your preferred podcast app for automatic downloads.
URL copied to clipboard!