What is Lisk (LSK)? Crypto Asset and one of the most promising blockchain platform for the mid-term

in #crypto7 years ago


I invested in Lisk just because i participated in a meetup in Turin almost one year ago. The organizers asked the attendants to pay 10 euro to participate in the meetup which would later be converted during the event into LSK. It was a some sort of "how to" for dummies, getting some dirt on their hands on Lisk. Well, in January 2018 those lisk were worth 2000 euros.... not bad for something i didn't even know existed. 

Anyway, from there i started diggin, and here why i think everyone investing in crypto should at least kown what Lisk is and how it differentiates from the rest.


Lisk is a platform for DAPPS written in Javascript which provide developers with an SDK and environment to build, publish, distribute and monetize their apps. The differentiation from Etherium or Neo here (other than the low Javascript entry barrier) is the ability of Lisk's DAPPS to run on their own sidechain, instead of hitting on the main blockchain, clogging the system. The problem Lisk is trying to address here, is mainly Scalability and transaction speed. Using sideschains you have benefit both in terms of faulty application that might impact the mainchain (which is avoided since every application is independent) and independency of transactions. This allows to run decentralized blockchain applications, being still able to manage the infrastructure thanks to the link to the main Lisk chain and add customization on will. DAPPS of course do not have to care about networking protocols or consensus algorithms, Lisk takes care of it.


The consensus protocol that makes everything work is called Delegated Proof-of-Stake (DPoS). Differently from the classic Proof of Work, Lisk transactions are check and validated by 101 special nodes called "Delegates" which are voted by the community. 


Having Delegates ensures the security, flexibility and scalability but taking care also of energy consumption. This will be probably one of the main topic in the next few years since PoW showed how power intense computing used to secure a network won't be possible in the long term and here Lisk with its DPoS might play a central role in defining a new standard in securing blockchain transactions using Delegates.


Delegates are incentivized to secure the network using rewards (New LSK) from forging and round fee which include transmitting funds, registering a second secret, registering as a delegate, submitting votes and registering a multisignature. All fees are shared equally between the top 101 delegates.


Did you know, by owning LSK, you get the chance of voting for delegates and earn Lisk, thus increasing your asset? The easiest and most convenient way to vote is using the Lisk Nano client, so, you should think about depositing your LSK in an online wallet at https://m.lisk.io/ (they change the URL, it was https://login.lisk.io) or download the official LISK offline wallet at https://lisk.io.By voting you will get rewards from delegates' shares and contribute to the leadership of the project.


At the date of this article they just release a new version of the wallet (v 1.3.4). they do it quite often though, showing a good development team and willingness to show the community they are working hard to get thins done.


On the social-media/marketing side Lisk is definitively on the right peace, their Community Managers Jan and Mat are doing a great job to keep the community updated on what's going on in and outside the team, and overall is easy to find info when needed on the web. They will even participate in the Consensus 2018 conference in New York this May.


Lastly, a big rebranding initiative is on the launch on February 20. So keep an eye on it, value might increase :) 

Web site: https://lisk.io
Official  Blog: https://blog.lisk.io/
Twitter: https://twitter.com/LiskHQ
Facebook: https://www.facebook.com/LiskHQ/
Chat: https://lisk.chat/home
Reddit: https://www.reddit.com/r/Lisk/