To create these side chain applications, the Lisk App SDK framework is used to make blockchain applications more efficient. Another way to do this is that developers can create blockchain applications from one entire framework package. As Lisk App SDK has entered version 0.9.0, the release of this app will be released in the coming months. You can find the version information on Lisk Github.
Lisk itself refers to a modular cryptocurrency because of its use of side chains to create blockchain applications. It’s an intelligent solution to the problem with all transactions and applications on a single blockchain, causing a “puffy” network. An example of this problem is the recent infiltration of the Ethereum network caused by the ICO (Initial Coin Offer).
This side chain technology also allows for securing by means of isolation, wherein the Lister main chain is isolated from other side chains so that the side chain failure does not affect the other side chains or the primary L chain.
Finally, it is important to note that Lisk operates a delegated proof of stake consensus system. This “DPoS” system allows for the approval vote of the participants, thus solving any consensual issues in a fair and democratic way. Almost all network variables can be tuned through this system, including block intervals, transaction sizes, fees, etc. At no time can a single party (eg government) enter the process and change the network by itself, conversely, any changes require a consensus from the community.
Blocking time: 10 seconds
Circuit Time: ~ 17 minutes
Confirmations for the final transaction: 6-10
Inventories: 100 million LISK + Fees for “forging” (currently 5 LSK per block, falling to 1 LSK per year up to 1 LSK per block)
Official code: LSK
Official currency symbol: Ⱡ
History of Lisk
Lisk has been developing since 2016 and its initial coin supply took place in early 2016. The main network was launched on May 24, 2016. The founders are Max Kordek and Oliver Beddows. The ICO offering was a huge success for Lisk when it collected nearly 14,000 Bitcoins, which at that time would have amounted to approximately $ 5 million. This initial ICO offer is much more valuable today, which means Lisk is well-funded in the long run. This is shown by a large development team with more than 15 members, which continues to expand, allowing Liska to achieve significant development progress over the course of his short history.
What is the purpose of Lisk to solve
The one behind Lisk
The original founders of Lisk are Max Kordek and Oliver Beddows, the two developers who originally worked on Crypti before they split it into Lisk. Both developers are known for their friendliness and knowledge of blockchain development. Since the founding of Lisk, it has grown to 15 members. This is completely transparent in terms of identity, so all members are well reputable and responsible. Overall, it seems like this is built on good developers, with each developer having a great deal of experience from his department. You can find the whole team list at https://lisk.io/team
The Future of Lisk
The future of Lisk is planned on the Lisk travel map. Currently, the Lisk is at the end of the initial phase and enters the resistance phase. The SDK has just reached version 0.9 and will be officially released version 1.0 in the coming months. Once this happens, Lisk is going through a major change in the image before the development of Lisk is further deepened and built on features already offered by SDK. It is expected that as soon as the SDK and branding changes, most likely there will be a general increase in price and market capitalization, as developers will finally be able to use Lisk as a means of developing their own blockchain applications. Lastly, Lisk will deploy smart contracts, support for mobile apps and other features as listed on the travel map. At the time of writing, Lisk has $ 40 million in funding (originally 5 million of Bitcoin’s worth at ICO time), meaning that the development team is well-secured in the long run and is likely to be able to finally achieve many goals outlined in the travel map.
Should You Invest?
In the long run, Lisk is a very promising investment. We recommend that you consider Lisk in any long-term portfolio, and in today’s stagnant market Lisk is a good starting point. The exit point is expected to be introduced at the time of the SDK launch and Lisak’s rebranding, although it is also possible that after LDS SDK and rebranding, Lisk can see great growth as the evolution of Lisk ecosystem continues to add features as developers begin to acquire Lisk as a means of creating blockchain applications.
We currently do not recommend Lisak short selling, all investments should be long-term.
As always, make sure you do your own research on the coin, do not take our words or anyone else for the truth before investing, trust your own research!