For all you dApp lovers, today should be an interesting review.
Most likely a project you know.
If not, you are a nub.
Cutting to the chase...today’s review is Lisk.
Let’s dig in…
Lisk (ticker: LSK)
Wtf is this shit?
Lisk is a dApp platform, with side-chain functionality. Yep, competing with ETH, NEO, ARK, and the likes. Many people mistakenly believe that it is a fork of Ethereum, when in fact, it is a fork of the Crypti project, which the founders were a part of for 18 months before launching Lisk. They believe that the development over at Crypti created a good base for Lisk to be birthed.
Developers will be to create, distribute, manage, and deploy dApps on the network by creating their own sidechain. A sidechain is literally an independent, customized blockchain, that developers can create. You can set your own consensus algo, scaling logic, testnets, and mainnets. They even need their own series of distributed nodes to maintain and secure the network…..make sense now?
The side-chains can process their own data, which does not interfere with Lisk's main chain (improved scalability, allegedly), and can communicate with the main chain when needed (i.e. to push resulting transactions every so often). Lisk itself uses a DPoS (delegated proof of stake) consensus algorithm.
Note: Lisk has emphasized that they are not a smart contract platform (meaning they do not run a virtual machine like Ethereum does with Solidity), instead the dApps integrated directly to Lisk on the backend for communication. Hence, the SDK helps with this.
Lastly, in the Lisk client, you can search for dApps...making it easier for the end user to find shit.
All in all, this should set your head straight on what Lisk is, broadly speaking.
Who tf is behind this shit?
Their President and CEO is Max Kordek. He has been immersed in the crypto world since 2012. He is fairly young too, born in 1991 and also runs a firm called lightcurve, a blockchain product development studio. They have many other experienced team members, over 40 to be exact. Go check them out.
All in all, high-tier shitcoin due to it’s steady market metrics and interest. Like most other dApp-based projects, they have yet to feel the growing pains of Ethereum, so it is hard to see how Lisk will scale in action. We wish them luck.
Hope you learned some shit.
- Mike and Aaron