Oliver Beddows, CTO of Lisk, has responded to a matter on whether or not the Lisk blockchain is presently able to host a business of Steemit size when considering the soundness of its network.
Beddows stated during an August 13th technical meeting:
"Yes, we believe Lisk can host a project of this size, if not greater. The reason for this are twofold, our choice of database system: PostgreSQL, which has many avenues for scalability, and secondly the fact that each sidechain operates autonomously from the mainchain with the minimum of parental dependency."The Lisk project is a platform which enables the development of applications and services. "Our platform requires a lot more development effort to establish the maturity and security required to operate such a high value sidechain, but the fundamentals are all there."
In response to a different question regarding Megeupload, Lisk CEO Max Kordek additionally expressed Megaupload 2.0 will not have an effect on the Lisk platform as an open source project that can run everywhere.
"An application like Megaupload 2.0 is only one use-case of what is possible with Lisk. If Kim's new project really takes off then it will benefit the whole blockchain space because it brings further adoption into it."
The Lisk team says they have established communication channels with the main Lisk exchanges and will be asking the owners directly, particularly Poloniex next week, about enabling margin trading for Lisk.
Lisk is a decentralized network that does not utilize Proof of work like Bitcoin. Instead, Lisk uses an easy execution of bitshares' algorithm named Delegate Proof of Stake. Lisk was forked from Crypti by Max Kordek and Oliver Beddows in 2016. Lisk has also partnered with Microsoft to intergrate Lisk in service based program called Azure Blockchain. Users can create and deploy Lisk blockchain apps using Azure.
Megaupload is a Hong Kong based company that gives on-line services that are related to file storage and viewing. The founder of Megaupload, Kim Dotcom has said the new Megaupload can include a Bitcoin microtransaction linked to every file transfer using a system known as Bitcache. Bitcache is an announced blockchain powered service that links file transfers to bitcoin microtransactions. The feature is a core element of the cloud storage service Megaupload 2.0 to be launched in January 2017
Poloniex is a leading cryptocurrency exchange giving over one hundred Bitcoin (BTC) markets available for trading. founded in January 2014, Poloniex offers a secure trading atmosphere and provides advanced analysis tools to its clients.
Sources:
https://poloniex.com
https://cointelegraph.com
https://en.wikipedia.org/wiki/Megaupload