ABCC Exchange has listed LSK! Sharing with you a brief overview of the Lisk project

About Lisk

Security and scalability. These are two factors that many blockchain projects fail to deliver on. In contrast, Lisk is a project that focuses on achieving these two factors through their sidechain development platform. On the Lisk platform, developers can build and deploy dApps on the sidechain in Javascript, a coding language known to many in the developer community, a key factor in attracting developers to build on a platform.

In alignment with the intention of Lisk to make the platform developer friendly, Lisk has a suite of tools that developers can utilize when customizing their sidechain or developing applications. Two notable tools are Lisk Hub and Lisk Core.

Lisk Hub is a one-stop solution where users can manage their Lisk ID, LSK tokens and vote for delegates of the Lisk protocol. Advanced technical users who want to acces Lisk’s main network blockchain data can do so with Lisk Core.

Lisk Security

Lisk uses elliptic curve cryptography and cryptographic hashing when it comes to securing the entire network. Security features unique to the Lisk platform are the Second Passphrase and Multisignature functions.

Having a second passphrase offers an added layer of security, whereby specific transactions chosen by the user will require the second passphrase to become valid. Similarly, the Multisignature function requires a minimum number of signatures to validate a specific type of transaction, reducing the effectiveness of bad actors in the ecosystem.

Lisk Tokenomics- Everything you need to know about LSK token

The Lisk Protocol runs on the Delegated Proof of Stake(DPoS) consensus mechanism, with 101 delegates voted in to mine blocks in the Lisk blockchain. Therefore, the weightage of each individual vote is determined based on the amount of LSK token an individual hold.

Furthermore, the LSK token is a utility token used to pay for network fees of different types of transactions, such as the following according to LISK:

Transference of LSK token within the ecosystem

Registering a delegate

Setup of a multi-sig account

Registering a second passphrase

LSK Tokens are run on an inflationary model, where additional LSK tokens are sent to delegates as rewards for forging the blocks. These rewards will be reduced with each passing year to ensure the value of LSK tokens in the long run.

LISK Team and Partnerships

Led by Vice President and CTO Oliver Beddows, the LISK development team has been growing in strength to include 24 full-time members. Marketing operations have been scaling as well, with an expansion in the marketing team. Lisk has a strategic partnership with Microsoft, bringing the Lisk platform onto the Azure Cloud, moving a step closer towards adoption by developers.

Find out more about the Lisk team here.

In Summary

Lisk is a project that focuses on achieving scalability and security through their sidechain development platform. They aim to achieve user adoption by creating a user-centric platform where developers can code in Javascript, with a range of tools provided by Lisk at their disposal. The future road maps plans for LISK can be found in this comprehensive article shared by the team.

Disclaimer: The above article is a brief overview of the Lisk project and is in no way an endorsement of Lisk from ABCC Exchange or financial advice in any form. Users are reminded to carry out their own due diligence and execute trades based on their research and risk tolerance.

How Do I Purchase LSK Tokens?

The LSK/ETH trading pair is now available on ABCC Exchange. Click here to start trading.

In addition, we are currently running a giveaway campaign of up to 3,000 USDT for listing LSK! The more you trade, the more you receive!

Find out more here.

Follow LISK For Updates

Website:https://lisk.io/

Twitter:https://twitter.com/LiskHQ

Facebook:https://www.facebook.com/LiskHQ

YouTube:https://www.youtube.com/channel/UCuqpGfg_bOQ8Ja4pj811PWg/featured

Reddit:https://www.reddit.com/r/Lisk/

Instagram:https://www.instagram.com/liskhq/