What is Lisk

01 Feb 2018 4:04 PM | Lisk
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Lisk is a public blockchain platform that provides decentralized blockchain apps. It was forked from Crypti by Max Kordek and Oliver Beddows in early 2016

Lisk started as a fork of Crypti beginning with an ICO (Initial Coin Offering) to decide the initial distribution and raise development funds. The ICO raised 14,000 BTC and, at the time, was the second most successful cryptocurrency crowdfund (later that month, WAVES and The DAO would surpass it). On May 24, 2016, the mainnet for Lisk went live and it became available for trading on major exchanges. Quickly after trading started, Lisk briefly became the second most popular cryptocurrency traded against Bitcoin.
Blockchain Applications
Lisk is on the path to be the first (successful) of its kind as a modular cryptocurrency. The idea behind Lisk is that every Blockchain App is on its own sidechain, separate from the main blockchain. The benefits from this would be solving scalability issues that many cryptocurrencies are facing, such as bitcoin and ethereum, while also allowing for far greater customizations to particular sidechains which could not be done on other platforms. The possibility that sidechains create is vast and can allow for a project coded from scratch to have its own security algorithm separate from what may be securing the Lisk mainchain.

Courtesy: Wikipedia

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