What is Lisk?
It also has a supporting cryptocurrency, created as a fork of Crypti in 2016. Lisk allows developers to build, publish, distribute, and monetize their apps within a custom-built cryptocurrency-powered system utilizing custom blockchains, smart contracts, cloud storage, and computing nodes – all from within one solution.
Unlike other platforms, for instance, Bitcoin which utilizes Proof of Work and Nxt which utilizes Proof of Stake, Lisk utilizes a simplified implementation of BitShares’ original consensus algorithm called Delegated Proof of Stake (DPoS), which means every LSK holder can vote for mainchain delegates securing the network. There is a maximum of only 101 active mainchain delegates which always have the most votes on the whole network and only they can earn block generation rewards. This means there is a financial incentive to become an active delegate. Other delegates are on standby awaiting to become elected or securing a Lisk side-chain.
Partnerships and Products Since ICO End
Since the end of its ICO sale, Lisk has made a list of partnerships, including with:
Lisk has so far produced a long list of products, including:
- Lisk Mobile wallet:
- Lisk Hub:
- Lisk Core: https://lisk.io/documentation/lisk-core/setup/pre-install
- Lisk Commander: https://lisk.io/documentation/lisk-commander
- Lisk Elements: https://lisk.io/documentation/lisk-elements
- Lisk Nano: https://github.com/LiskHQ/lisk-nano/releases/latest
Info, News and ICO Results
The ICO took place from February 22, 2016, until March 21, 2016, raising a total of 14,009 BTC and 80,742,575 XCR, or $5,750,000 USD.
During the ICO, their ERC-20 tokens were sold at $0,0747 USD. At the moment they are valued at $3.01 USD. They are currently traded on:
The market cap at this moment (October 17, 2018) is around $334.65M USD and its ATH was reached in January 2018 with the price of $39.31 USD per token.
Community Around Lisk:
- Telegram: 1,380 members;
- Twitter: 187K followers;
- Facebook: 28,694 followers;
The team regularly communicates their updates on the Medium blog and social media channels. Here are some of their recent news:
The Lisk team has a large number of people, 47 in total, with 24 people working in development, nine in marketing, six in the creative section, and eight in operations.
You can check out the rest of the team and advisory board here: https://lisk.io/team
Obviously, Lisk can be compared to Ethereum, as both Lisk and Ethereum are blockchain-based platforms allowing developers to create applications. Lisk allows developers to create blockchain applications by creating a sidechain to the Lisk blockchain, while Ethereum allows developers to build decentralized applications in a virtual machine on the main Ethereum blockchain.
Stratis, NEO, Qtum, Ark, Nxt, and Bitcoin are among other competitors to Lisk, with similar platforms. In conclusion, one of the features that differentiate Lisk from other blockchains is the use of blockchain apps within their own sidechains intended to make the platform scalable. Blocks are created every 10 seconds, which means the transactions are immensely fast. However, some of its alternatives are more successful, more publicized, and more used.
Considerations About What We Have Seen
Upon its birth via an ICO, Lisk was the second most successful crowdsale, available as a tradeable cryptocurrency since May 2016.
However, Lisk seems to be facing a lot of problems nowadays, with the lack of widely available information just one of them. The price fluctuates quite a bit, the social media hype seems to have subsided, with the numbers of social media followers considerably lower than of its competitors.
- Website: https://lisk.io
- Whitepaper: https://blog.lisk.io/what-is-lisk-and-what-it-isnt-e7b6b6188211 and https://github.com/slasheks/lisk-whitepaper/blob/development/LiskWhitepaper.md
- Telegram: https://telegram.me/LiskNews
- Twitter: https://twitter.com/LiskHQ
- Facebook: https://www.facebook.com/LiskHQ/
- Medium: https://blog.lisk.io/
- Github: https://github.com/LiskHQ
- Reddit: https://www.reddit.com/r/Lisk
By Sead Fadilpasic
- dApps run on their own side-chains
- A long list of products
- Strong and experienced team
- LSK coin has multiple uses, from running an ICO, to delegate voting and transferring value into and out of sidechain app
- Not much hype lately
- Price fluctuates a lot