We are with you with the review of the crypto money Lisk (LSK), which rose to $ 30 in the altcoin bull run in January 2018, and is traded at the level of 1 dollar these days. While Lisk is currently in the thirty-ninth place, having pushed the top 10 on coinmarketcap during its bull run in early 2018, this price drop for Lisk is an excellent buying opportunity, according to many investors. So what is Lisk? Why are people investing in LSK? Here’s what you need to know about this cryptocurrency.
What is Lisk?
Lisk; A decentralized blockchain platform that allows its users to build and deploy decentralized applications. Platform users can also create custom tokens for each private side chain with applications. We can compare this cryptocurrency platform to Ethereum or NEO…
Side Chains
We can briefly define sidechains as cryptographically independent blockchains that connect to the main chain without harming the main chain performance and speed. This link uses interoperability features such as transferring and synchronizing tokens across chains. So these sidechains maximize customizability. Developers are given full control to create a sidechain, while the Lisk team keeps the network secure with 101 delegates.
What Makes Lisk Different?
To make blockchain technology more accessible, the Lisk team has created a JavaScript-based software developer kit (SDK) focused on user experience and developer support. Javascript is a very popular programming language that many developers are familiar with.
The Lisk SDK has four main parts:
- Consensus algorithm
- side chains
- Backend code
- front end code
The reason why the Lisk team prefers such a configuration; to allow the security of any independent project, through delegates, to be connected to a stable main chain that shares its scale and robustness. So while dApps can be created easily, – just like Ethereum’s gas – the Lisk network uses LSK tokens for network services.
As a result, developers can focus on the benefits of dApps without having to think about building and managing the blockchain.
Editor’s Comment
Lisk is a cryptocurrency with a long history. One of the oldest if not the oldest, this blockchain platform has seen steady, albeit slow, growth over the years. Lisk, which is far above the ICO price even at the lowest levels it has seen in the crypto money bear market, is still at a level that can compete with its competitors such as NEO. The development team isn’t too inconsistent in following the roadmap, and giant exchanges like Binance have started to support its staking. Although I do not have an investment, Lisk is among my favorites on my coinmarketcap app and I check its price from time to time. I think Lisk is a platform token that you should keep your eyes on.
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