Mar 21, 2018 - 10:54:06 AM UTC
Value and price movement of LSK is different in USD and BTC markets.
Price has moved 9.37% (USD) or 2.08% (BTC) in the last 24h.
Market Cap Rank: 19. of 1000+
Lisk trading volume was 26,361,900 USD in the last 24h with circulating supply of 103,044,726 LSK.
Lisk (LSK) Price graph
Lisk (LSK) price in fiat
About Lisk (LSK)
Lisk’s solution to a slow blockchain are sidechains. Sidechains are additions to the main blockchain. Think of it like Post-It notes applied on book pages – you can add more value yet not clutter the main text. Sidechains can be attached to independent blockchains and serve as a place to put all the high-volume transactions without interfering with the main blockchain. As a result, this will ensure a fast network all day, every day (in theory).
The network itself, operates using a highly efficient Delegated-Proof-of-Stake (DPoS) consensus model, that is secured by 101 democratically elected delegates. The Lisk decentralized application platform, it’s most powerful component, allows the deployment, distribution and monetisation of decentralized applications and custom blockchains (sidechains) onto the Lisk blockchain. The inflation rate is 5 LISK per block, which gets lowered by 1 every year until it reaches a stable block reward of 1 LISK per block.
Lisk also partnered up with Microsoft to integrate Lisk into its Azure Blockchain as a Service (BaaS) program which means developers worldwide can develop, test, and deploy Lisk blockchain applications using Microsoft’s Azure cloud computing platform and infrastructure.
Lisk has a higher ‘knowledge’ entry barrier for non-coders, so to fully understand and appreciate how it works, a background in programming would help.
Lisk for programmers and developers is easy to use like WordPress templates for web designers. Instead of wasting time with complex coding languages, Lisk can be used to simplify the process of building, publishing, distributing and monetizing applications without sacrificing quality.