Review on Lisk by Gabriel Medina
Potential for the ecosystem
Lisk is one of the most advanced ecosystems in the development of decentralized solutions. It has a protocol created with an architecture of synergistic elements that allows the fluid development of decentralized applications without the need to incorporate smart contracts into the system. This blockchain application was created through an SDK written in JavaScript, thanks to this, the risks and the impact on the main network are reduced. This is the proposal to solve some scalability problems. The objective or focus of this project is the creation of independent projects that they can counter with their own tokens.
This cryptocurrency powers the ecosystem. It is used to pay the commissions associated with sending operations on the network and also serves to vote for the delegates who provide security to the network.
Finally, it is one of the development platforms on the blockchain with the most interesting features in the current offer. It incorporates a modular structure through side chains, which act as independent blockchains that avoid the congestion of the main network. This makes it a brilliantly scalable solution. Remember to manage your risks if you want to invest in Lisk, as it is a volatile and high risk instrument.
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Pros
- It is a very pleasant platform, both for users and developers. It has a modern, intuitive and easy-to-use graphical interface.
- Its decentralized approach clears the main network and makes each dAPP more independent.
- The DpoS delegated proof of stake avoids the negative impact of centralization through a fair voting system.
- It is geared for general software developers. By having JavaScript, it allows anyone to get to work.
- The news may help drive the price of LSK up again.
Cons
- Experts say that JavaScript can generate vulnerabilities for the LSK blockchain.
- You have many vital to-dos under development.
- Block time is inefficient.
- Excess of competition in the niche of the platforms for dApps.
