Hey guys, today I am going to talk to you about an Alt Crypto that I have been holding and that I think has potential in terms of growth and development. The name of the Crypto is Lisk. Lisk is currently sitting at Number 20 overall according to http://coincap.io/ at $2.95 per unit USD, with a market cap of $332 Million USD. Now lets do a quick breakdown of what Lisk is and why I feel it will increase in value (unprofessional advice of course)...
Lisk is a Blockchain Application Platform for Decentralized Apps (DAPPs). It is the 1st "Modular Cryptocurrency" that utilizes side-chains. Modules serve as the basis of the design and construction. Anyone can use the Lisk system and its designing blocks to create their own apps. Side chains are used in addition to the main Blockchain to serve high volume activity without interfering with the main Blockchain activity. This helps with scalability issues and results in a faster network. Another advantage of Lisk is that it utilizes Javascript, which is one of the most widely and commonly used languages in the programming world. This is different than Etherium, which uses language known only to few programmers and coders. Finally, Lisk uses Delegated Proof of Stake. This means that only the top 101 delegates (determined by voting weight of voters) are actively forging and securing the network. The Forging Rewards will be equally distributed through all active (top 101) delegates.
The big news for Lisk is SDK coming soon...possibly this November or December. SDK stands for Software Development Kit. I have heard people use the analogy of SDK being compared to a box of Legos with an instruction guide. Lisk has also partnered with Microsoft Azure. This could lead to big changes in the future of App Development. Lisk also plans to step up its marketing game in the near future and do some rebranding. Some people even say that Lisk is currently way ahead technology based when compared to NEO.
These are some of the points that I came across from doing my own research on Lisk. What do you guys think? I would love to hear your opinions, both good and bad. I currently hold Lisk and voted for my 101 delegates. Some of the delegates are Lisk Pools that pay a small amount of Lisk to me every few days. I think of these distributions like a dividend to a stock. It gives me a small reward for investing and puts my money to "work." If SDK is successful this November/December, I easily see Lisk going 2X-3X. Only time will tell if I am right.
Thanks for reading and please feel free to upvote and resteem.
Take care and stay safe out there,
Pete