Lisk (LSK) – A Beginner’s Guide, Review & More

Written by Adolph Obasogie - Reviewed by Coin Review Team

Published: May 21, 2018 | Last Updated: Mar 14, 2019

2025-01-23T14:59:49+00:00

What is Lisk?

Lisk is an open-source blockchain platform that is designed to host decentralized applications that are written in the programming language Javascript.

The Lisk team decided that Javascript will be the only supported language because it is the most widespread programming language on the Internet today, their view is that this decision will spark massive adoption. The native asset is called LSK, and the consensus mechanism is delegated Proof-of-Stake (dPoS).

Lisk tackles scalability with its particular architecture, for every application developed on it a sidechain is implemented. Users can issue own tokens and build all kind of projects on Lisk-sidechains, private or permissionless.

Table of Contents:

History

Lisk was founded by Max Kordek and Oliver Beddows in 2016. It is a fork from the Crypti-project. An ICO was held from 22 February 2016 to 21 March 2016 in which 6,350.000 USD was collected.

Can Lisk be mined?

No, it is based upon delegated Proof-of-Stake (dPoS). The community can vote 101 delegates which verify transactions on the main chain.

What differs Lisk from other Cryptocurrencies?

The obligation that every application on top of Lisk has to be written in Javascript is very rare in the blockchain space.

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How much is it worth today?

What is the total and the circulating supply?

The total supply of LSK is 120,802,932 and the circulating supply at the time of writing is 105,552,723 LSK.

Where can you buy LSK?

You can buy LSK on several cryptocurrency exchanges, most notably Binance, Bittrex, and YoBit.

Can LSK be sold for cash?

You can sell LSK for cash on several cryptocurrency exchanges that have fiat-pairings, most notably Upbit.

Future Development

The team behind Lisk is working on a new address-system, a decentralized exchange and a blockchain application platform in 2018.

Verdict and Rating

1/10
The requirement to use Javascript as a programming language is very negative because Javascript is a language that is prone to misuse and there are way better choices to develop applications that need to be secure. Also, LSK has no virtual machine and offers no smart contract functionality. I expect Lisk to be seen as irrelevant and completely disappear in the coming years.

Most of my understanding about the functionalities of different programming languages comes from my frequent visits at Blockchain Whispers, which is one of the best crypto websites. If you aren’t aware of it, you can check it out here: https://blockchainwhispers.com/premium/

1 / 10.0

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Disclaimer

The writer’s views are expressed as a personal opinion and are for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.