Review on Lisk by francis fernandez
Lisk-a vital tool for blockchain technology developers!
Every day people are looking for better investment options in the crypto market; for this reason, developers are forced to launch crypto assets that are increasingly adjusted to the requirements of their users.
Within the range of cryptocurrencies we find a wide variety; Each one with different purposes and characteristics but without a doubt all seek to become the digital currency of choice for investors and regulars of digital commerce.
Lisk in addition to being a digital currency, known by its LSK token; is a blockchain platform whose purpose is to serve as a tool for decentralized application software developers (DApps), using the programming language known as JavaScript.
This platform was launched on the market in 2016, with a maximum issuance of 100 million LSKs.
This platform has a purely business purpose. Its mission is to provide a lateral blockchain integrated to its network (sidechain); allowing blockchain app builders to develop their apps without having to put together the entire ecosystem from scratch, but simply linking it to Lisk as a sidechain.
What utilities does Lisk offer?
This side chain system implemented by the Lisk platform has an essential utility for blockchain networks; Since an infinity of applications can be created collateral to the main blockchain without affecting its operation.
In addition to serving as a main chain to develop new applications and tokens from it; the Lisk platform has its own currency, which serves as a commission payment instrument and to carry out transactions.
The LSK digital currency also serves to protect the platform from electronic fraud; as every time an LSK is run on a parallel blockchain, a copy of the original coin is automatically created on the main blockchain.
As with most blockchain cryptocurrency platforms, LSK owners must have a wallet to store their LSK coins.
Without a doubt, LSK is the ideal platform for developers who want to enter the DApps market due to its many advantages.
Pros
- It allows to develop an infinite number of decentralized applications through collateral blockchains linked to its main blockchain.
- It offers a reasonable security profile by generating copies of its native currency on the collateral blockchain, to minimize electronic fraud.
- Thanks to the use of the JavaScript programming language you can create various applications in many sectors such as video games, social networks, exchanges; which gives it more reach in the industry.
Cons
- The time to carry out transactions is approximately 10 seconds. This can be surpassed by other faster platforms on the market.
