Lisk (LSK), launched in May 2016, is a Blockchain-as-a-Service (BaaS) platform that allows developers to build their blockchain network with end-to-end services, using JavaScript (JS). JS is an extremely popular programming language, and the intention of Lisk is to make blockchain development and deployment accessible, convenient and rapid.
Decentralized Ledger Technologies, growing in popularity and gaining legitimacy as a viable technical solution to many existing problems, has interested small and medium businesses who are seeking to leverage the technology to boost their own businesses. The challenge for small and medium businesses, which lack the funds of multinational companies, is to build an effective system that is reliable and cost-effective. For this reason, BaaS services have been growing in popularity - they require an approachable level of technical knowledge that most developers already possess.
Although it is not the only project in the space, Lisk distinguishes itself by the fact that it focuses strictly on JavaScript - a language that millions of programmers use - which makes it easy for a company’s in-house resources or a contract worker to build a blockchain.
Developers can create their very own sidechains and link them to Lisk’s mainchain, where the LSK token is used. Lisk most recently announced the release of their Alpha SDK, which gives developers a set of tools that lets them build applications on the blockchain easily. The team is currently working on improving the security and reliability of its protocol, including changing the consensus protocol, improving the multi-signature solution and establishing a dynamic fee system. Previous major development milestones include releasing Lisk Core 2.0 to the mainnet, which brought about several major changes.
In this tag, read Lisk (LSK) news, price predictions, opinions and analyses created by users.