As of today, the price of Lisk (LSK) is $ 1.37, illustrating a -2.90% change over the past 24 hours. As of right now, the Lisk market cap is $ 198.4M, ranking it #239 in the world of cryptocurrencies.
Lisk (LSK) is a blockchain application platform that was established in early 2016. It allows developers to create, distribute and manage decentralized Blockchain applications by deploying their own sidechain linked to the Lisk network. The platform's core features include the ability for developers to run a custom blockchain (also known as a “sidechain”) off the Lisk blockchain. Each sidechain functions as its own, separate blockchain.
Lisk was created by Max Kordek and Oliver Beddows who have a long history of involvement in blockchain technology. The pair had previously worked together on another project known as Crypti, and Lisk emerged from the Crypti project as a fork. Both founders continue to drive Lisk's development and growth.
What sets Lisk apart from other cryptocurrencies and blockchain platforms is its sidechain technology. A developer can independently run their very own blockchain (sidechain) without affecting the performance and security of the main Lisk blockchain. This concept promotes scalability and efficiency in the development and function of individual applications.
Lisk uses a Delegated Proof-of-Stake (DPoS) consensus algorithm, in which 101 delegates are selected by the community to secure the network and validate transactions. The DPoS mechanism provides robust security for the network and encourages community participation.
The current circulating supply of Lisk (LSK) is 144.8M, with a total supply of .
Lisk's code is open source, meaning it's freely available for anyone to view and contribute to. This allows for community-driven improvements and upgrades, which undergo a review process to ensure they align with Lisk's roadmap before implementation.
In Lisk's case, they do not follow any halving schedule like Bitcoin or other cryptocurrencies. The main mode of Lisk's new coin issuance is through forging (or staking) by the 101 Delegates.
Lisk (LSK) can be bought and traded on several cryptocurrency exchanges, with the current list of platforms including Binance, Probit, CoinEx.
Keeping your Lisk tokens safe is essential. You can store LSK in a secure wallet that supports this specific coin. Always enable security features such as two-factor authentication and ensure you have a backup of your private keys in a safe location.
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