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.
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.
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