Lisk has been a crypto currency that stayed under the radar till now. Although it has a lot of similarities with Ethereum specially in prospect of providing a framework to developers for creating their own blockchain application. We know that ether is the very first technology to bring smart contracts to blockchain at the same time not the Last. Their are many other cryptos providing with similar solution in better ways. One of them is Lisk.
What is Lisk?
Lisk is a framework for developers to build their blockchain on top of Lisk Network. unlike Ethereum, Lisk SDK will be based on JavaScript which will make more and more developers to jump into blockchain development. As we know JavaScript is the most common language among almost every developer. As we have seen most of the ICOs launched in 2016-2017 based on ethereum platform. One can only imagine, by providing a Software Development Kit and enabling developers to develop their blockchain JavaScript will result lot more technologies being developed.
A Developer Friendly Blockchain Platform
&
Wordpress of Blockchain
But this is not all, Ethereum has a downside with their framework which is every ERC20 token is directly connected with Etherrum blockchain based upon their smart contract technology. On the other hand lisk has come up with a new option/solution called "Sidechain".
What is Sidechain?
Lisk is providing a wonderful solution of sidechain, being a Blockchain development platform. Technically any cryptos created with Lisk platform will have their own separate blockchain which will provide an additional upper hand and more freedom to developers.
If for any reasons Lisk network gets into congestion, there will be no impact on sidechain applications.
Lisk Specifications
Consensus: DPoS (Delegated Proof of Stake)
Block Reward: 4 LSK
Block Time: 0.167 Minutes
Circulating Supply: 117 Million
Circulating Supply: Unknown
Current Status
Lisk is currently trading at $27 on bittrex and available on various exchanges including Binance. Lisk's Delegated Proof of Stake provides an amazing feature whereas coin holders can not only vote to their favorite nodes but also at any point of time, they can un-vote a respective node which they think is not good for the network for many reasons.
Re-Branding & SDK Launch
This has already mentioned on Lisk's official blog as well as their website Lisk.io that Lisk is going for a re-brand. which would be very interesting to see, what will be their new brand name. However the biggest announcement is that they are going to launch their SDK "Software Development Kit" on February 20th 2018. Which i believe to be a turning point for Lisk Foundation.
I would love to hear your thoughts on Lisk. please leave your comments below and let's spread the knowledge together.
Note: I am not a financial advisor by any means, However i strongly believe in knowledge sharing and post based upon my own research. I strongly advise everyone to do your own research before investing in any crypto-currency.
