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Review on Lisk by tahu lonjong
Lisk claims to be a ‘modular’ cyprocoin – It has been branding itself as the…
Lisk claims to be a ‘modular’ cyprocoin – It has been branding itself as the first modular Cryptocoin using sidechains. This means more efficient and successful ICOs.
Lisk already enjoys development and compatibility with DApp sidechain – The network brands itself as the most potential Blockchain network because of its modular cryptocoin.
Proof of Stake, delegated – Contrasting with Proof of Work (PoW) models, the programmers are enabled to implement any new model for Cryptocurrency generation, which is to sustain here as well as ecological and autonomous.
Pros
- Lisk, an online platform, is committed to enabling developers to create Blockchain Applications with their individual Sidechains. Lisk is an open source platform. Being forked from ‘Crypti,’ it was launched in early 2016, by Olivier Beddows and Max Kordek. It has been built using Nodes, thereby it is the fastest suite, data streaming enabled, easily available, real-time features, a perfect solution for all types of database queries, easy on coding and NPM (Node Package Manager) dynamic.Quite similar to many other cryptos such as MaidSafeCoin, MonaCoin, NEM, OmiseGo, BitShares, Cardano, the network is although associated with Cryptocurrency, but primarily it is DApp development platform. To participate, programmer uses LSK token to make all sorts of transactions within its platform and also pay fees with LSK. It has a much boarder and efficient framkework to support better DApps development. On the other hand, Bitcoin has been formed as a stand-alone virtual currency, which is used and accessible worldwide.
Cons
- Lisk is facing frequent fluctuations in its value and the credit goes to its marketing department. Looking at the record from past few weeks, LSK has reportedly lost quite its Lusters as the original Blockchain value hiked above $11, 000 for the first time
