Cryptocurrency Dictionary: What about Lisk
What about Lisk? It is a public blockchain platform that provides decentralized blockchain applications and was forked from Crypti by Max Kordek and Olivier Beddows in early 2016. Every app will run in its own sidechain to ensure that Lisk itself stays safe and scalable. Currently in development, these features will become available towards Q4 of 2017.
How to store and earn some Lisk?
If you want to use Lisk service and not only own the coins, you need to create your Lisk account. It builds the foundation for every interaction with the Lisk blockchain and Lisk services. Then, you need to download the Lisk Wallet and launch the application to get started. Otherwise you can just own coins by exchanging them from one of this forex/trading platform: Bittrex, Poloniex, YoBit and many others.
Lisk moved his first steps as a fork of Crypti beginning with an ICO (Initial Coin Offering) to decide the initial distribution and raise development funds. The ICO raised $5.8 million and, at the time, was the second most successful cryptocurrency crowdfund. On May 24, 2016, the mainnet (the original and main network for transactions) for Lisk went live and it became available for trading on major exchanges.
Currently, to send LSK from one account to another takes 10 seconds, after about 1–2 minutes the transaction can be deemed immutable.
As of November 26, 2017, its market capitalization in US$ is equivalent to 893,628,539 at around $7.75 per lisk and with 115,309,140 LSK circulating supply.
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