Lisk: the quiet coin everyone should talk about

Lisk is a platform with its own crypto coins, called LSK. It is virtually impossible to read all forums, but in my opinion this coin is still under the radar of the masses. Yes, it is in the top 20 of the total market cap but there is a lot less hype around it than for example Vergecoin and Ripple has been the case. For me, that is quite remarkable, because of all the digital currencies that exist, Lisk is one of my favorite. Without going into too much detail, I will try to explain you why. An overview of the most important features.

Founders

The founders are Max Kordek and Oliver Beddows. Max previously worked for another project called Crypti. There was disagreement within the company which caused a split up. The people involved ended up in 2 teams and started new projects; Lisk and Ark. Max ended up at the Lisk team. His co-founder Oliver has more than 15 years of experience as a full stack developer and is responsible for making dozens of applications worldwide. When Lisk was founded in early 2016, they managed to raise 14,000 bitcoins as an investment. Lisk.io is the official website.

Max Kordek

What is it?

It is comparable to Ethereum. This means that Lisk is its own platform on their own blockchain and their own digital currency. It is possible to carry out transactions within the platform, but it is also possible to develop dapps and smart contracts. Dapps are decentralized applications, such as games. Smart contracts are self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code (blockchain). The biggest difference is that Lisk works with a proof-of-stake system instead of proof-of-work. So far nothing revolutionary, you would say.

What makes Lisk unique?

• Javascript

The crypto world is complicated, we cannot ignore that. Sure, the technology will become more accessible in the coming years, but that can take a long time. Due to the complexity, there are few developers who are starting to develop applications on the Ethereum platform. An important reason for this is that this platform runs on Solidity. Solidity is a code language where less than 10,000 people worldwide can work with.

However, Lisk works on Javascript. As a result, the number of programmers who can work with Lisk is huge, since at least 100,000 people can work with javascript.

What is also important to report is that Lisk has the vision, in addition to the code language, to make the entire process for developing dapps as easy and smooth as possible. A unique and flexible user experience in combination with an accessible code language should ensure mass adoption.

• Sidechains

There is another point that makes Lisk special. At Ethereum, all dapps and smart contracts are built on the same main chain, making the network slower and slower. Lisk, however, uses sidechains. These are a kind of separate blockchains that are linked to the 'main chain' but do not immediately become part of it. Every company or app within the platform will be built on its own sidechain.

This has 2 big advantages. When there is an error in a sidechain, it has no effect on the main chain, so that the platform continues to work well. In addition, it is easy to scale up, something that Ethereum, for example, still has problems with.

• SDK

The backbone of the network will be the SDK. SDK stands for Software Development Kit. With the help of the SDK, every (javascript) developer will be able to launch his own token and app on the network. The SDK consists of various components. All components will be released in the 3rd quarter of 2018. The community shows that many javascript enthusiasts are already waiting for that.

Good to know

• Developers

Good to know is that there is a serious team behind the product itself. In terms of size of the team, Lisk belongs to the top of the industry. If we can believe the messages, a lot of staff will be added in the coming months. Why is this important? Because the size and knowledge of a team gives an impression of the potential and development of a project. The mission of Lisk is to make blockchain and dapps accessible to the masses. In my opinion, the SDK will become extremely user-friendly. The massive recruitment of staff also shows that they are fully committed to this.

• Funds

Lisk has at least 140 million euros of cash available. This money can be spent almost entirely on marketing and on accepting newly qualified personnel.

• Marketing

In 2018 there will be much more focus on the marketing aspect. Although I believe in the product itself, it’s a fact that marketing is important to attract large investors. There are already collaborations with the Expand Online in the Netherlands and Taikonauts in Germany.

And last but certainly not least.

• Re-launch!

On 20 February Lisk will perform a kind of rebranding. The logo will be adapted and the website will also receive a very large make-over. The rebranding will be grandly presented, with a keynote presentation as we are used to from Apple. It will be more than just a new logo and a new website. The new website will act as a sort of cockpit of the entire platform.

Lisk course

Although Lisk still flies reasonably under the radar, the price has risen steeply in 2017.

The value on 1 January 2017 was still $ 0.15 per lsk. Today, on 12 February 2018, the price has risen to $ 28 . Calculate the increase yourself. I am not a big fan of price predictions, so I’ll just let this pass. I am convinced, however, that this project is a long-term stay and will play a major role in the future blockchain society.

Briefly summarized again:

Benefits
-It is the only well-developed blockchain platform that runs on javascript
-Marketing will be tackled very big in 2018
-Large development team
-rebranding in February
-Sidechains ensure excellent scalability

disadvantage
-In the past, the number of deadlines has already been missed. If this happens too often, investors lose their trust and will get out