Founded in early 2016, Lisk is a decentralized blockchain application platform. It functions as a network and cryptocurrency, similar to Bitcoin or Nxt, with its own token called LSK. LSK is actively traded on global exchanges, has a steady volume and is ranked among the top fifteen blockchain assets by market cap.
On the Lisk platform, two types of blockchains can be built: blockchain applications and blockchain services. The two types are interconnected, as a blockchain application can plug into several blockchain services in order to utilize the features that each offers. For example, a blockchain service could provide an “oracle as a service”, which then forwards real life data to blockchain applications.
Lisk provides a universal framework, replete with decentralized applications that can be used across the world. Each of these applications will be scalable and independent, thanks to sidechains, and will belong to a network that can evolve over time with more services and, in turn, more complex and innovative applications being developed.
Lisk was founded in early 2016, with the network going live on May 24, 2016. From the beginning, Oliver Beddows, now CTO of Lisk, and Max Kordek, Co-Founder and CEO of Lisk, prepared the code base, designed the website, created the forum and developed the social media marketing strategy. Lisk went public at the end of January and began preparing for its ICO, which company leaders considered to be the best solution for both funding Lisk and building an early community. This included formulating the rules, drafting the description on how users can invest, preparing the platform, and looking for partners and multi-signature key holders.
The first 24-hours of Lisk’s ICO saw a couple of hundred bitcoin come in. And by the end of the first week, Lisk had received over 1,200 bitcoin. In the final week, Lisk was accepted into the Microsoft Azure program, which was a major boost to the ICO. In total, Lisk brought in nearly 10,000 bitcoin to complete their ICO with 14,000 BTC.
According to Max Kordek, Co-Founder and CEO of Lisk, the company is currently in an “Inception” phase, where the main focus is to increase the stability and security of the main blockchain. In the meantime, Lisk has been approved by Apple for their App Store, a key step in their advancement as a recognizable asset.
Says Kordek with respect to Lik’s long-term vision: “Our goal for the next 12-18 months is to become a prominent blockchain application for developers to build applications in a secure, robust and non-complex way. I believe Lisk holds great potential not just the avid digital currency user but for everyday people worldwide.
Lisk available on Shapeshift: yes
Launch Date: May 24, 2016
Available Supply: 100,000,000
Consensus Algorithm: Proof of Delegates. It combines elements taken from the Proof of Work (PoW), Proof of Stake (PoS), and Delegated Proof of Stake (DPoS) consensus algorithms.
Lisk on CoinCap: http://coincap.io/LSK
Lisk Website: https://lisk.io/
Lisk on Twitter: https://twitter.com/liskhq