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About Lisk
Key Points
- Goal: Onboard 100,000,000 users into crypto and web3
- Lisk SDK: Enables developers to build application-specific blockchains in JavaScript
- Lisk blockchain application platform: Allows interoperability between blockchains built with Lisk SDK
- Managed by Lisk Foundation, a non-profit entity based in Zug, Switzerland
- Developed by Lightcurve GmbH, a Berlin-based blockchain studio
Security
- Delegated Proof-of-Stake (DPoS) consensus algorithm
- Finality guaranteeing BFT protocol
- Environmentally
About Lisk: Pioneering Blockchain Application Platform
Introducing Lisk (LSK): A Comprehensive Overview
Lisk is endeavoring to onboard a staggering 100 million users into the realms of crypto and web3, thereby democratizing access to blockchain technology through its user-friendly application platform and industry-leading JavaScript SDK.
Launched in 2019, the Lisk SDK empowers developers to craft bespoke blockchains entirely in JavaScript, the most ubiquitous programming language globally. For an in-depth exploration of the Lisk SDK, please refer to the Lisk SDK documentation or watch the Lisk.js 2019 and Lisk.js 2022 conferences.
Scheduled for release in 2022, the Lisk blockchain application platform is poised to revolutionize the industry by facilitating seamless interoperability between all application-specific blockchains built using the Lisk SDK. This means that users will be able to effortlessly utilize DeFi, NFT, or Metaverse blockchain applications within the Lisk ecosystem.
To gain a deeper understanding of Lisk’s significance, we recommend watching the following informative videos: “The Case for Lisk” and “The Ultimate Vision for Lisk”, which provide valuable insights into its importance.
For a captivating glimpse into Lisk’s storied past and remarkable journey, be sure to watch “Looking Back on Lisk.”
The Lisk project is overseen by the Lisk Foundation, a non-profit organization headquartered in Zug, Switzerland. A local team of specialists with expertise in law and finance, coupled with annual audits, guarantees the prudent management of funds and regulatory compliance, all under the watchful eye of the Swiss Federal Foundation Supervisory Authority (ESA, Eidgenössische Stiftungsaufsicht).
At the forefront of innovation, the Lisk products are meticulously crafted by Lightcurve GmbH, a pioneering Berlin-based blockchain studio. Boasting a talented team of over 40 esteemed blockchain experts, Lightcurve is dedicated to researching, developing, and promoting the Lisk SDK and the Lisk blockchain application platform.
Lisk’s Distinctive Edge: A Pioneering Approach
The Lisk Network’s Security Mechanisms: A Robust Defense
Lisk is secured by an environmentally conscious and highly efficient Delegated Proof-of-Stake (DPoS) consensus algorithm, bolstered by a finality guaranteeing Byzantine Fault Tolerance (BFT) protocol. Notably, the absence of miners enables the network to maintain an exceptionally low electricity consumption profile, while simultaneously ensuring high-throughput and robust security.
Lisk’s adherence to industry-leading development standards and rigorous test coverage has ensured seamless network operation since its inception on May 24th, 2016. Furthermore, regular third-party security audits have bolstered trust and reinforced its reputation.
Delve into the Lisk network by utilizing Lisk’s blockchain explorers:
- The esteemed LiskScan.com
- The intuitive Lisk.Observer
The Circulating Supply of Lisk (LSK) Coins: A Closer Look
In 2016, during the Lisk ICO, the Lisk blockchain was launched with an initial supply of 100,000,000 LSK, valued at $5,800,000. Fast-forward to February 2022, and the circulating supply has increased to approximately 140,000,000 LSK, with a market capitalization of $240,000,000. This remarkable growth translates to a staggering 40-fold return, driven by the significant appreciation of the LSK token price.
Upon its inception, a mere 8% of the initial LSK token supply was allocated to the Lisk co-founders, a relatively modest proportion by today’s standards.
Notably, the LSK token boasts an impressively low annual inflation rate of approximately 2%, ranking among the lowest in the industry.
The Visionaries Behind Lisk: Meet the Founders
Lisk was co-founded by the visionary duo, Max Kordek and Oliver Beddows.
Max Kordek, a globally acclaimed crypto entrepreneur, currently serves as the CEO of Lisk. Notably, at the tender age of 24, he co-founded Lisk, successfully raising an impressive 14,000 BTC during its initial coin offering (ICO) in 2016. That same year, he went on to co-found Lightcurve, a prominent blockchain studio headquartered in Berlin. Since then, Max has become an integral figure in the global crypto community, having spoken at numerous top-tier blockchain conferences worldwide. Presently, he is dedicated to driving the industry forward, working tirelessly to propel its growth.
Oliver Beddows, a seasoned cryptocurrency developer since 2014, currently serves as the Chief Technology Officer of Lisk. Alongside Max, he co-founded Lisk, transforming it into a premier platform for JavaScript developers. Additionally, he co-established Lightcurve, a renowned blockchain studio based in Berlin. Throughout his career, Oliver has been dedicated to pioneering groundbreaking blockchain innovations, driven by a profound commitment to harnessing technology to create a better world.
Acquiring Lisk (LSK): A Comprehensive Guide to Exchanges and Platforms
Lisk and its native token, LSK, boast widespread availability on the most prominent cryptocurrency exchanges in the market. The leading platforms to acquire Lisk tokens include:
- The esteemed Binance
- Kraken, a stalwart in the industry
- Upbit, a prominent player
- Huobi, a stalwart in the digital asset space
- Zonda, a notable exchange
- Bitflyer, a respected name
It is crucial to acknowledge that investing in cryptocurrency entails inherent risks, akin to those associated with any other investment.
If you’re having trouble finding a LSK trading pair with your local currency, consider exploring this comprehensive guide on converting fiat into Bitcoin, thereby providing a convenient gateway to acquiring LSK.
Seamless Accessibility
At the heart of Lisk’s vision lies a profound commitment to accessibility. The platform envisions a future where cryptocurrency and web3 are not the exclusive domains of tech-savvy individuals or the elite, but rather a universal right, accessible to every individual across the globe. This guiding principle permeates every aspect of Lisk’s endeavors and is reflected in the design of their products.
Time-Tested and Established
Established in 2016, Lisk is one of the pioneering cryptocurrency projects, boasting a rich history. The dedicated team has consistently demonstrated a strong work ethic, driving the project forward with an impressive level of development activity, unparalleled in the industry. Furthermore, the project’s substantial funding ensures a secure future, with a long-term trajectory that stretches far into the horizon.
Application-Specific Blockchains: A New Era of Customized Solutions
Rather than relying on smart contracts, developers are opting to build their blockchain applications natively on their own blockchain using the Lisk SDK, thereby circumventing scalability issues and exorbitant fees while preserving composability through seamless interoperability.
The Power of JavaScript
Rather than relying on antiquated, specialized, or untested programming languages, the Lisk SDK leverages the ubiquity of JavaScript, thereby tapping into the vast, global talent pool of developers.