LISK -What is It ?


We all may come across the terms Ethereum, EOS, and Tron. Right? Does  LISK sound jargon to you? Here we gonna discuss about LISK, one of the Upcoming blockchain network and developing dapps on Lisk platform in detail.  Are you ready to unlock the knowledge about Lisk ? Without a gap, let us jump into deep discussion.

 LISK - What Is It Actually  ?

 Lisk is a decentralized open source blockchain platform that allows for developing a blockchain based DApps via sidechain to lisk main network. It works on the Delegated Proof of Stake (DPoS ) consensus algorithm.

Simply, Lisk can be termed as 

 1. A Cryptocurrency like Bitcoin, whose token is termed as LSK.
2. A framework to develop blockchain-based applications using JAVAScript.
3. A sidechain Platform.
4. A blockchain services platform
5. A blockchain application platform.

 Origin of Lisk :

 Lisk has its origin in back January 2016. Lisk actually has origins in Crypti, an open source blockchain application platform by Max Kordek and Oliver Beddows. Lisk has aimed in of bringing blockchain development to the public.

 In  2017  16th November, Lisk hit a 1 Billion Dollar market cap and was in the top 15 cryptocurrencies in the globe.

 LSK - Cryptocurrency of Lisk :

 LSK coin is a cryptocurrency or token associated with Lisk platform. 

 Lisk ( LSK ) Price : The current value of Lisk ( LSK ) / unit published by coinmarketcap is , $1.99 USD ( While writing this article ) and he market cap is $231,911,228 USD (i.e) 41,823 BTC .

Building a DApp on Lisk :

Lisk is one of the popular blockchain application development platform like Ethereum. Unlike Ethereum, Lisk doesn't require developers to know the Solidity programming language for the development of a decentralized application. Instead, LISK uses JAVA Script to develop a decentralized application on it.

Most of the blockchain networks allow for the development of application on a single blockchain or custom blockchain. Lisk is the only blockchain platform that allows for deploying applications on "Sidechain", a flexible alternative that integrates with main lisk chain network.

Why Lisk for building Decentralized Applications ?

1. As lisk uses JAVAScript to build a dapp, it is easier for developers to deploy dapps on lisk than on ethereum or EOS .
2. The use of Sidechains, for developing dapps on lisk reduces scalability issues.
3. Lisk software development kit (SDK ) allows developers to build any kind of dapps like games, gambling, storage or shopping apps and so on.
4. Lisk DApp provides Easy onboarding for both developers and user as well.

Bitdeal - Best Blockchain Application Development Company :

We, Bitdeal always be the best and first in developing unique and notable decentralized blockchain applications. Our blockchain experts can develop and deploy the best-decentralized applications that best suits your business model. 

We have a separate R & D team of experts who completely undergoes research about all blockchain technologies and networks to find out the best solutions for your business development.

To know the specalities of Lisk and the future of LISK blockchain , read the article : 
 LISK Blockchain : Explained

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