Lisk is the first modular cryptocurrency based on sidechain technology. The system allows one to develop their own decentralized applications using the popular JavaScript programming language. At the same time, applications are "built-in" not directly into the block, but "attached" to the side, without integration into the main chain. This technology is called sidechain. Thanks to it, applications on Lisk will not work slowly because of the general network congestion.

Lisk was created as a result of the fork of the Crypti blockchain in 2016. The network operates using a delegated proof-of-stake (DPoS) model, protected by 101 elected delegates. Each delegate takes turns creating a new block. After each of them created the block, the cycle—which takes about 17 minutes on average—starts anew. To attempt to enter false information into Lisk, it is necessary to have as many tokens as at least 51 delegates taken together have, which is a fairly large sum. For the generation of each block, they receive a reward, which, from 5 coins, will decrease to 1 in time.

A delegate is a special type of account. To be able to create blocks, it is enough to register by paying a special commission. At the same time, delegates are active and passive. Active delegates are in the positions from 1 to 101. All those who are lower on the list are passive, or reserve delegates. The place of the delegate in the list is determined by a vote of the project participants, who can support any candidate (1 vote for 1 candidate).

On February 20, the Lisk team held an event in Berlin, where they presented two innovations, the Lisk Hub and Lisk Academy. Lisk Hub is a wallet for LSK tokens, a tool for managing Lisk's identifiers, and a panel where one can vote for platform delegates.

Lisk Academy is a training center where features of distributed ledger technology and the creation of decentralized applications will be taught. The goal is to teach people how to use blockchain, as Apple once taught everyone to use smartphones. Lisk also set up a fund of 1,700,000 LSK for application creators on their platform. The team plans to release Lisk Core 1.0 and the Sidechain Development Kit as well.

Among the previous achievements of the team, it is worth noting the integration with Microsoft Azure, which allowed developers around the world to create, test, and run blockchain applications based on Lisk through the cloud infrastructure. By the way, this news in its time significantly influenced the growth of the value of the LSK token.

Conclusion

Lisk is a long-term investment project, whose native digital token is the 20th by market capitalization among cryptocurrencies.

As an advantage of the project, it is possible to point out the sidechain technology, which automatically eliminates the Bitcoin and Ethereum scalability problem. Also, Lisk is already a real project that is constantly evolving, and projects are being developed on the basis of the platform, such as MarketPlace, the creative social network Discovr, the prototype of the smart house BlockData, and others. But the most important advantage of the platform is its availability, as, at the moment, there is no crypto platform for launching applications based on JavaScript, except for Lisk. According to Max Kordek, the chief developer of the platform, Lisk will allow millions of users to easily create sidechains in businesses, services, entertainment, and much more.