As of now, Lisk is sitting at #19 according to the coin market cap. So, today all of us that's everyone that's reading this post are going to explore about this boon of a cryptocurrency for web developers called "Lisk." Here's what we're going to cover today: What is Lisk, how does it work, consensus system/algorithm used by Lisk, what is the supply system of Lisk, what problems does it solve, Team/Personalities behind Lisk, Lisk rebranding, where to store it.
What is Lisk:
Lisk is an open source decentralized blockchain that allows web developers to build applications called Dapps( Decentralised apps) on its platform using Javascript. It was founded by Max Kordek and Oliver Beddows in 2016 who bifurcated it from Cryptic. It depends on its blockchain network for functioning and is also powered by its own designated tokens called LSK.
How does it work:
The Lisk platform consists of Dapps( decentralized apps ) that are developed by independent web developers using Javascript. Each dapp operates in an independent sidechain, and thus the blockchain isn't clustered by so many dapps operating on the platform. This allows the main blockchain to not only run efficiently but also host a number of decentralized applications on the platform without encountering any major issues. How's this possible? The answer for this is that every dapp is linked to the main blockchain but run in an independent sidechain. However, you need to be a delegate in order to forge ( create ) Dapps on the Lisk platform.
What is Lisk(LSK):- Everything You Want to Know
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