liskLogoFounded 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.

Lisk’s most defining feature is its infrastructural makeup. The Lisk team has developed a Lisk App SDK which allows any JavaScript developer in the world to set up a sidechain and develop a decentralized application on top of it. This distinction allows for the creation of extraordinary applications, with additional measures of privacy, security, and capability.

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 Snapshot

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

  • Thank you for this article!

  • Bawga

    Nice article!

  • GetReal

    What a load of crap. Anyone who is on the inside knows how hard these 2 guys have had to work to make a turd shine. The Lisk core is a poorly designed mess of code that was originally written by Crypti, and Boris was not that talented. It is held together by bandaids and it forks if you gently sneeze at it. It is only stable right now because it is doing absolutely nothing. There is no transaction volume and the nodes are currently run by a group of delegates who remain loyal to the program because they invested an ungodly amount of time and money hosting and continually rebuilding nodes for the Lisk network – only to come to the unfortunate conclusion that the code is shit, and will likely have to be completely rewritten. But in the meantime the delegates continue to forge to recoup the money lost during the months before forging started. And they are all quietly trying to time their exit to cash in their Lisk to recoup their losses and hopefully end up with a small profit. But it is going to end like a bad game of musical chairs. Yes, forging rewards have come to the community – but as the total amount of Lisk is inflated, and the developments of the Lisk team remain stagnant, the value of this coin will only drop. Sidechains? they don’t have a chance at implementing this yet. It is a pipe dream. A promise, a flashy media package and the sheer dumb luck of launching after the big Ethereum pump. Everyone was sure that Lisk was going to be the next Ethereum and the piled on during a time when BTC was losing its shimmer. The Lisk team is advancing at the pace of a drunken snail. Their accomplishments over the past several months include moving to Germany, buying some furniture and making a Lisk emoji.

    • Clearly you dislike Lisk I guess because the coding is weak and the founders are not motivated. I know very little about coding, alt-currencies and/or programming so I am not a good judge. Which cryptocurrency do you like and why? I can only ask.