Lisk Coin Price History and Partnerships

Lisk Coin Price History and Partnerships

It’s just a few years since the term, “cryptocurrency” became a part of mainstream vocabulary. And, throughout this short span, nobody could have predicted the soaring rise in the number of other altcoins. while not exaggerating, at the time of writing this there are over 1500 cryptocurrencies listed on CoinMarketCap.com."Lisk Coin Price History and Partnerships"

That’s so some serious competition. As a result, many altcoins die away (no reported market cap or trading activity). according to DeadCoins.com, there are over 600 deceased altcoins.

Not all is Gloomy for Altcoins

With that said, some altcoins have managed to capture a large market share. If you are taking a better look into these successful altcoins, you'll spot a common thread – it’s not enough for cryptocurrencies to be mere digital currencies. Altcoins have to provide added features, functionalities and address specific problems.

A good example of this is Ethereum, the second most popular and largest cryptocurrency in terms of market cap, only next to Bitcoin, the first cryptocurrency. Ethereum is a public blockchain which will be used to execute smart contracts (a peer-to-peer contract system) using Ether, the tokens of this platform.

An exciting altcoin that was introduced in 2016 is Lisk. Denoted as LSK, this altcoin has many standout features that make it noteworthy.

Here, in today’s post, you'll notice,

What are Lisk (LSK) and Everything you would like to know regarding it

LSK overview

According to CoinMarketCap.com, here are the fundamentals

Token – LSK

Market Cap -$581,275,496

Trading Volume (24h) - $7,239,720

Circulating supply – 108,155,144 LSK

Total supply - 122,877,228 LSK

The Lisk founding Team and Members

Lisk is one of the only a few altcoins that has a clear and strong dev team. The team conducts a Q&A session on YouTube for one hour every month and even host Reddit AMA. during this session, the team answers all questions on the Lisk project as well as profiles of team members, future roadmaps, challenges and much more.

Founders

Max Kordek and oliver Beddows are co-founders of Lisk. both of them were previously associated with the Crypti project, before they started Lisk. In fact, Lisk is a branch of the now-defunct Crypti project. the event team is found in Zug, Switzerland. Recently, Lisk opened another branch in Berlin.

The company Lightcurve is responsible for overseeing the work of the development team. the longer term plans of Lightcurve is to guide other businesses develop and build on the Lisk platform.

Former Ethereum members currently a part of Lisk

In June 2016, Steven Nerayoff (an ex-advisor of Ethereum) and Charles Hoskinson (the ex-CEO of Ethereum) joined Lisk to oversee development.

Lisk Appoints Country Ambassadors

Since developer communities are best-known to be integrated, Lisk started an initiative by appointing Country Ambassadors. This initiative aims to form the Lisk ecosystem popular among developers and also to provide technical support and help for them.'Lisk Coin Price History and Partnerships'

Right now, Lisk has eleven country ambassadors. individuals cannot volunteer themselves for this position. Instead, they're cherry-picked by the core team supported their profiles. although country ambassadors aren't paid, they may receive bounties.

 Lisk Coin Price History and Partnerships 

Lisk was initially started as a fork of Crypti in 2016. during may of that year, the main net of Lisk was launched and also the LSK tokens were accessible for trade on many crypto exchanges.

Lisk partnered with software giant Microsoft in 2016 to offer BaaS (Blockchain-as-a-Service) via the Azure platform. In February of this year, Lisk rebranded itself following a complete relaunch.

What makes Lisk Stand-out from alternative Altcoins?

It’s a modular cryptocurrency

Lisk defines itself as the “first modular cryptocurrency that makes use of sidechains.” as the name implies, the coin is intended and created in a modular way. this is one of the significant advantages of using Lisk. The system makes it simple for any third-party developer to use the designing blocks of Lisk to create their own dApps (Decentralized Apps).

The programing language Lisk uses is Javascript, thereby multiplying the applicability value of the platform.

It makes use of Sidechains

Blockchains are the basic blocks of Cryptocurrencies. one of the largest flaws of blockchains is that they run the probabilities of a bloated network. Here, spammers slow down the network using fraudulent transactions.

This is where, Lisk introduces an ingenious solution – Sidechains. These are special additions to the platform except for the central blockchain. you can consider sidechains as stick-on Post-It notes. These notes add value to a textbook without cluttering the printed words.

Sidechains are connected to the central blockchains. All high-volume transactions will be placed on the sidechain, thereby not burdening the main blockchain. The result – the network doesn’t get delayed by high-volume or spammy transactions.

It’s specifically designed for App Developers

Decentralized apps or dApps briefly have a large potential in a variety of applications like Oracle services, immutable storage, computation of smart contracts and much more. Lisk aims to be the de-facto standard for blockchain services and applications.

Since, it runs on Javascript it’s very simple for programmers to use it, rather than wasting their time and resources on learning a new programing language. Lisk simplifies the method of creating, building, deploying, distributing, and monetizing dApps while not compromising quality.

The Delegated Proof of Stake algorithm (DPoS)

Each Lisk coin is valued at one vote. And, only the highest a hundred and one users with the most number of votes (highest number of Lisks owned) are able to cast their vote and have a say in any resolution passed.

It has Proof for its Applications

If you’re curious what a typical dApp seems like, then you can check out the official page of the Lisk project. Here are a few examples showcased by Lisk that tell how it works.

Criterion – for Proof of Existence

Discovr – A Social network for Artists

Dust – for decentralized Trust on Lisk

BlockData – a smart Home application using Lisk

MarketPlace – A prototype for a decentralized Store

You can also find information on other in progress projects by looking for the Blockchain application section of the site.

Lisk ICO Details History  – Token price, Sales, and other Details

The Initial Coin offering (ICO) for Lisk was conducted in Feb and March 2016. during the sale, the team distributed 100 million LSK tokens. Nearly 85th of those LSK coins were distributed to the ICO participants. The core team preserved 7.8% of the tokens. The advisors and other third-party supporters got 2 and therefore the bounties and campaigns committee received 4-dimensional for its efforts.

Early supporters of Lisk were awarded 1 chronicles of the tokens and therefore the remaining 0.2% was given to first-day ICO participants. The Lisk ICO managed to lift about $9.76 million and is one of the biggest ICOs to date.

How to get Lisk (LSK)?

Just like other popular cryptocurrencies Lisk can be bought at nearly 20 major exchanges using ETH, BTC and others. Right now, you can get Lisk directly using only two fiat currencies – the Chinese Yuan and Japanese Yen. some of the popular crypto exchanges where you can purchase Lisk include: Poloniex, HitBTC, Binance, BitSquare, Jubi, Livecoin, BitMEX, Shapeshift, Touzibi, BitBay, Changelly and a lot of.

How to Store Lisk?

You can store it at anybody of the compatible crypto wallets. The Lisk Project has its official wallet to store LSK coins. other options include KeepKey hardware wallet and Ledger Hardware wallet.

How to Mine Lisk?

Unfortunately, unlike Bitcoin Lisk doesn’t reward miners with LSK coins. this is as a result of it uses a Delegated Proof of Stake system and not the pow (Proof-of-Work) utilized by Bitcoin. On the other hand, if you make it as an active delegate (if you're one among the individuals who have the top 101 votes), you are provided with a share of the rewards and fees of the blockchain.

Lisk Roadmap for 2018

Following the rebranding early this year, Lisk aims to launch a web app, desktop app and fix the existing address system. Right now, the transaction fees are pretty high, and the team is working to set it right. Lisk also has plans to implement DApp registration, custom tokens, sidechain withdrawal/deposit, decentralized exchange and a blockchain application platform before the end of this year.

Lisk price Predictions for 2018

Currently, the market price of LSK is around $5-$6. experts predict that by the end of 2018, it's going to reach an all-time high. this can be because Lisk is supported by an active community. Even on days when the price was reduced ($1), there were numerous discussions regarding the currency on popular forums like Reddit.

Top 3 Websites To Buy LISK

Easiest Way to Earn Lisk

lisk coin price