When it comes to cryptocurrencies and Altcoins, it is important to trace their origin. List split from Crypti and is a decentralized platform. This is a modular cryptocurrency that lets developers create their own apps. If you understand JavaScript, this is your platform to love.
Lisk is a unique cryptocurrency with high speed transactions. It takes 2 minutes to complete a transaction. Sending LSK from one account to the other is what makes the platform popular among traders and merchants. Once a transaction is confirmed, it is termed as immutable.
As a modular cyptocurrency, you can create personalized and decentralized Apps. List is a stand-alone blockchain for stand alone applications. As a developer, you can create and host oracles services on the platform. It helps you host smart contract services for your clients.
List as blockchain does not compete with other blockchains, it rather complements them. The platform offers unlimited space to host various App based projects. It offers you all the benefits of a decentralized storage. In addition, you can create blogs and take advantage of anonymous transactions.
Lisk allows developers to use third party apps to take advantage of its platforms functionalities. You only need to use the blockchain to plug in your apps. It is a simple one stop shop for any developer. It does not compete with other blockchains in service provision.
Given that Lisk is a compact community, they are using the platform for popularizing their ecosystem. They have the best technical support for developers. Currently, they are only providing JavaScript solutions for developers and this might change in the near future. You do not need to be an expert in codding; their technical team will help you get set up.
Lisk is just like Nxt, Bitcoin and Bitshares, it is decentralized. The only difference is that, it does not use proof of work or proof of stake. Instead, they have opted to use delegated proof of stake algorithm. Lisk users are free to vote for the miners securing the network.
With Lisk, you can generate income irrespective of your location in the world. You can rent a side chain and earn every month depending on what you invest. With many parts of the word connected to the internet, this could be the business of the future.
In order to understand what Lisk is, it is better to get a piece of the pie and enjoy the many features that it offers. It is a positive cryptocurrency to invest in or develop your Apps. It is the platform of the future and the time to invest I it is now.