Posted on April 2, 2018
Lisk is a Blockchain application platform. Based on its own Blockchain network and token LSK, Lisk will enable developers to create, distribute and manage decentralized Blockchain applications by deploying their own sidechain linked to the Lisk network, including a custom token. Thanks to the flexibility of sidechains, developers can implement and customize their Blockchain applications entirely.
The LSK mainchain offers stability and security while sidechains are utilized to have unlimited flexibility. This way, Lisk offers developers an environment where they have full control to create their own Blockchain network as a sidechain but don’t have to confront the complexity of creating a Blockchain network from scratch.
– Faster transaction time than Bitcoin and Ethereum
– dApps built with the Lisk API don’t slow down the network since they’re on their own blockchain
– High transaction fees (0.1LSK/transaction)
– DPOS doesn’t really work so far. Certain groups have taken over the delegate positions, really negating the “proof-of-stake” part for voters.
– Sidechains will help blockchain scaling only in the short-term. Mainstream adoption will require something much bigger.
There is a live testnet, but the new rebranded Lisk network is not up yet.
– Lisk Core 1.0 release
– Lisk SDK v0.1.0 Alpha release
– Build your own sidechain
Lisk utilizes a delegated Proof-of-Stake consensus algorithm. Anyone can register a delegate account on the LSK network by simply choosing a username for their account. Now this delegate account can collect votes from any LSK holder. Easily spoken 1 LSK equals 1 vote and every LSK holder can only vote with the total amount in his account. The 101 delegates with the most votes in the whole network become active and start securing the network by adding new blocks. Every other delegate account outside the top 101 is on standby. The voting process is dynamic and the order of the delegates, active and standby, can change.
Being a platform on which you can build new blockchains, Lisk is similar to Ethereum. It is also similar to Stratis since it offers easy to use tools to create your own blockchain.
Lisk has partnered with Taikonauten to help with their rebranding. They are also in partnerships with Lightcurve, Wachsman PR (PR), Bitcoin Suisse AG (Custody) and MME (Legal).
LSK is mostly traded on Bittrex, Poloniex and Binance.
LSK is a blockchain layer.
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This document is intended for informational purposes only. The views expressed in this document are not, and should not be construed as, investment advice or recommendations