Review on Lisk by David Olayide
Lisk Aims To Make The Blockchain Easily Accesible
Lisk is a blockchain platform that allows developers to create their own decentralized applications on the blockchain. What this simply means is that if you want to create a decentralized blockchain application you can use the Lisk platform to do just that. Lisk provides the tools that these developer will need to create their dapps and this makes the process easier for developers.
The decentralized blockchain appilications created on Lisk are called sidechain and if these sidechains should encounter any challenges it will not affect the main network because those Dapps are not built directly into the Lisk Blockchain. So in general Lisk serves as a host to other decentralized applications.
As an open source network I have discovered that Lisk works with javascript and it was released in 2016. When I made a little research into the project, I discovered that Lisk (LSK) is fairly profitable on the market. There is no maximum supply of LSK coin and the current circulating amount is about 127,215,169 LSK coins. One LSK is currently about $1.59. the coin is listed on poplar exchanges like Huobi Global, Binance and HitBTC.
Lisk is decentralized and its main goal is to help everyone benefit from the blockchain technology. The network operates efficiently by using the delegated proof- of- stake consensus algorithm. The idea behind it is really innovative and I like it. If it can be practically applied then everyone will benefit from it.
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Pros
- Lisk serves as a host for Dapps built by other developers
- LSK is fairly profitable
- The Lisk network is decentralized
- LSK is listed on popular exchanges
Cons
- the project needs more development for it to become practical
