Lisk: 8 main aspects

It is unlikely that someone could expect to see so many cryptocurrency on the market at a time when the term was used for the first time. Today we know of several hundred competing cryptocurrency.

Despite the popularity of the phenomenon, many alternative cryptocurrency immediately sank into oblivion (today their market value does not rise above 0 $). In 2015, a report was presented CoinDesk State of Bitcoin and Blockchain, where there are up to 400 "dead" alternative coins. It is to be expected, since Bitcoin compete with, if not impossible, it is extremely difficult, because this system has been a pioneer and, in fact, helped to consolidate in society the concept cryptocurrency itself.

... More than 400 alternative cryptocurrency considered "dead."
Yet some altkoynam managed to get their hands on a certain segment of the market. If you start to go into the details, you realize pretty quickly that today is not enough to be just cryptocurrency cryptocurrency, because the developers and IT-experts - the so-called target group - injected new ways and areas of use of the technology. As an example, take the second on the level of popularity and market capitalization cryptocurrency, Ethereum (not so long ago to be split in two and actually Ethereum Ethereum Classic). His whole point is that the ether tokens can be used for the conclusion of contracts running P2P-without taking into account the human factor (well, almost).

This year has brought us another interesting project - an alternative cryptocurrency Lisk. In the list of quotations the currency is indicated by an index LSK, and at the time of writing this on the material, its market capitalization was over $ 45 million.

Lisk project came to the masses only in the end of May 2016, and since then has managed to gain significant popularity, especially in China. We offer you a list of the most important aspects of this cryptocurrency.

1.Lisk - «modular» cryptocurrency
Press releases of the project is literally full of references, that is the first modular cryptocurrency based on the sidechain technology. Now we will direct all attention to the modular unit of currency, but still definitely return to the sidechain. Probably everyone has already understood that this description suggests that the currency consists of modules responsible for the design and foundation. The main advantage lies in Lisk device - the system allows you to develop your own application decentralized to all who use its "building blocks". Individual applications within Lisk ecosystems are created using Javascript - one of the most popular languages, which owns the majority of programmers and developers.

2.Saydcheyny
Today, many have heard of blockchain technology, which is often compared to a distributed accounting information on all completed transactions. One of the main drawbacks blockchain lies in the fact that it is still quite possible to overload the synthetic transaction. With a large influx of spam transactions, blocks filled much faster, which subsequently slows down the network. Tell me, who among you will enjoy working with a slow network?

So Lisk is intended to be a solution to this problem. Sidechain are sort of a supplement to the main blokcheynu. Everyone remembers the Velcro, which glues the pages for notes? Roughly speaking, the system provides the opportunity to make additional information not wedging with the main text. You can attach a sidechain to independent blokcheynam, and then place them in the bulk transaction. In general, this will keep the quick work of the network. More details about the sidechain you tell Richard Brown.

3.Nad Lisk former members Ethereum work
In June, the Executive Director of Lisk, Mark Kordek, announced that the team as senior advisers joined former CEO Ethereum, Charles Hoskinson, as well as ex-adviser, Stephen Nerayoff. Now, they are responsible for the design and product development.

"The way Charles sees this area as well as in view of its experience in developing successful projects in the field of cryptography, making it simply an indispensable partner. At the same time Stephen demonstrates excellent entrepreneurial skills, especially if you remember about his activities as a venture investor, "- says Kordek.

Recently, however, Charles Hoskinson announced that he was returning to the ecosystem Ethereum maintaining Ethereum Classic design.

4.Orientir developers
Developers plan to withdraw Lisk to the rank of a standard for decentralized services and applications based on blokcheyna. Dapps - the so-called decentralized applications - can be integrated into many different target projects, whether it be storage, hosting services, services based on Oracle. In addition they can be used to produce smart contracts.

"To date, no cryptographic platform that allows developers to build custom applications based on blokcheyna or Javascript-Blockchain. Lisk allow millions to create their own sidechain, and this is especially true for the industry consumer applications: games, social networks, the Internet of Things. The business segment also will not stand aside, "- adds Mark Kordek

Programmers can consider Lisk as at web developers and designers looking to WordPress. That is, you will have the ability to create complex projects without wasting a lot of time greatly. It will be possible to facilitate (if not automated) creation, publication, distribution and even monetize their own applications without negatively impacting performance.

5.Uspeshny kriptovalyutny crowdfunding project
Just over one month of the current year Lisk project has collected more than 14 thousand BTC (about $ 9 million). This is a very serious amount, and although allowed to withdraw Lisk only the second place in terms of volume of funds raised by crowdfunding, because DAO project managed to raise as much as $ 164 million.

6.Sootvetstvie stated promises
If you ask how it should look good dapp-application, we will for sure give you an example in the face of Lisk network, with its modular unit and to apply a sidechain. On the official website of the project is a list of related projects: BlockData (prototype smart home on Lisk basis), Criterion (concept: proof of existence), Dust (concept: Decentralised Trust on Lisk), a social network for Discovr artists, as well as decentralized store based on Lisk , MarketPlace.

The official community Lisk (at a forum in Blockchain Application section), you can find a few completely new projects, among which we can even find ideas online card games.

7.Country Ambassador
Developers have long been intertwined in a fairly tight-knit community, and so it was not surprising Lisk teams desire to create a program Country Ambassador, in which you can promote ecosystem Lisk, as well as provide technical support throughout the world. To date, the company has "ambassadors" in 11 countries around the world, they also act as coordinators of local communities. It is worth noting that in their activity they do not receive remuneration (if it is to believe all that is written).

8.Delegated Proof of Stake (DPoS)
One of the most important aspects of Lisk network is that each LSK contains a unique voice, and only the first one hundred (101 users, to be precise) with the highest number of LSK (votes) are entitled to vote for the introduction of new solutions and resolution options identified problems.

In conclusion
Many people try to equate to Ethereum Lisk, but Mark says Kordek community can not compare these two projects, as they do not compete with each other.

I want to say, Lisk gives developers and programmers to high expectations. And what is the case with investors?

Currently Lisk took 8 th place in the overall ranking CoinGecko and 13th place in terms of size and activity of communities around altkoynov, and 12th among developers. In general, Lisk pretty confident develops and marches into the future, and our personal opinion it turned out that, most likely, we will still be watching this platform CoinGecko lists.
A source: https://news.bitcoin.com/