What is Lisk (LSK)? Lisk is a smart-contract platform spurring a lot of dApp development.

What Is Lisk (LSK)?

Lisk is a blockchain-based smart contract platform that uses tokenized transactions for decentralized application (dApp) development. It has support for JavaScript, and a variety of projects are already developed on the platform, boosted by the Lisk Academy.

Who Is Lisk?

Lisk is a fork of Crypti that was created in 2016 by Max Kordek and Oliver Beddows. It’s maintained and operated by the Lisk Foundation, which includes several early Ethereum developers.

Use Cases of Lisk

Lisk hopes to be the go-to dApp development blockchain, especially for those with JavaScript proficiency. It’s modular and can easily be integrated into existing legacy or blockchain databases and servers.

How to Mine LSK

Lisk isn’t mined. Instead, it’s generated through a delegated Proof-of-Stake (dPoS) consensus. Verification nodes are voted on by the community to process transactions for mining rewards. These are then distributed among everyone in proportion to LSK holdings.

Lisk Investors and Partners

Lisk is a Microsoft partner as part of its Azure Cloud Blockchain-as-a-Service (BaaS) marketplace. It continues seeking further partnerships as it grows.

Learn More About Lisk

If you want to learn more about Lisk, I wrote a full coin intro guide at Crypto Briefing. Or you can learn more about other cryptocurrencies across Thought for Your Penny.

Versability

Brian Penny is a former Business Analyst and Operations Manager at Bank of America turned whistleblower, troll, and freelance writer.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: