Review on Lisk by Mr Benji

Name: Lisk
Item: Lisk
Rating: 3

June 13, 2019

Endless developing

1. LISK, being a platform for sidechain, does not have a single sidechain.
Sidechain does not provide infinite scalability, it is also expensive to build and secure.
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2. The flagship product and LISK technology - SDK and sidechain, despite three years of development, have not yet been presented even in the Alpha version.
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3. The only functionality of the LSK token is sending and receiving, voting for delegates and trading on exchanges.
 
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4. Current LISK delegates are able to maintain their power in the network by controlling a significant amount of LSK tokens supply.
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5. The Lisk Academy portal is sensational and a great educational resource.
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6. LISK has one of the best designs among cryptocurrencies.
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7. dApss - 
LISK is a Java Script project powered by sidechain technology to solve blockchain scalability problems and build a developer-friendly platform for decentralized applications.
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8. Delegated Proof of Stake - LISK uses the dPOS protocol to achieve global network consensus - Delegated Proof of Stake - a type of POS with delegates who are elected through democratic voting, secure the LISK network and create a quorum confirming all transactions. 101 delegates are active in the LISK blockchain. The new delegate can be chosen at any time. Each user is able to vote for delegates - the voting power is proportional to the number of tokens held - the cost of voting is 1LSK.
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9. How many TPS? - The exact amount of TPS blockchain LISK is not specified, however, various sources indicate that LISK is able to process 25 TPS, which is definitely enough, thanks to which we do not have to sacrifice the network decentralization in favor of bandwidth. The block is propagated every 10 seconds. 101 blocks (17min.) Constitute one "round", during which delegates can add one additional block to the network, for which they receive a prize.
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10. Transparency - Plus is the transparency of the founders of the project - Max Kordek and Olivier Beffowa - who 18 months after ICO published a public statement showing exactly what the strategy of selling LSK tokens they will look like will look like. The table shows the number of tokens that can be sold by the founders of LISK over time.
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11. So what? The analysis showed that the costs associated with the construction and securing of sidechain exceed their profitability as a tool for building decentralized applications, abbreviated dApps. The solutions proposed by Ethereum are cheaper, more effective, safer and have much more developer support globally.

What's more, the market that LISK wants to take over is microscopic, the turnover of cryptocurrencies inside dApps is a small fraction of the total daily volume of transactions. There are also no indications that the scale of the dApps market will increase exponentially in the near future, which would allow LISK to position itself as a competition for ETH and take over one of the niches. The key product of LISK, which is the SDK, despite the period of three years, has not been released into the market even in the form of an unstable version of Alpha.
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Updated 5 years ago

Rating has not been changed

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- Lisk Mobile 1.2.0 
- The first release candidate of Lisk Core 2.0.0 has been released to Testnet
- Lisk SDK 3.0.0 is currently in development. It implements the new secure Byzantine Fault Tolerance consensus which guarantees blocks finality.
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Pros