Lisk (LSK): Easy & Efficient Blockchain Applications
LISK QUICK STATS
|CREATION DATE:||May, 2016|
|DEVELOPMENT STAGE:||Full Release|
|BLOCK TARGET:||10 seconds|
Established in 2016, Lisk has seen amazing growth due in large part to how the system enables developers to create, distribute, and manage decentralized Blockchain applications by deploying their own sidechain linked to the Lisk network, including a custom token.
How it Works?
Aiming to be the first successful modular cryptocurrency means that the company is constantly developing and growing. Having every Blockchain App on its own sidechain, separate from the main blockchain is a major feat within the industry.
Another unique feature of Lisk (LSK) coins, is that they are mined in a non-standard way for cryptocurrencies, called forging. It uses the PoS (proof-of-storage) algorithm. Not all users of the platform will be able to engage in mining – only the 101 masternodes. Other users can only participate in the selection of these representatives.
Why choose Lisk?
Other great features of the Lisk cryptocurrency include:
- Lisk Wallets: It is possible to store Lisk coins on CoinPayments and various other wallets available online.
- Lisk Hub: Lisk Hub is an all-in-one solution to manage your Lisk ID, access and send LSK tokens, and vote for delegates.
- Lisk Nano Wallet: Lisk Nano provides a minimal user interface and a wide range of functionalities for beginners and advanced users. With Lisk Nano, there is no need for blockchain synchronization as it connects directly to the Lisk network.
For more information about Lisk, or to learn how you can start accepting Lisk (LSK) payments in your business today, make sure to follow us!