If you are an investor in blockchain technology and are looking for coins with promising prospects, Lisk should be in the list of coins to consider in 2019. This digital currency gained massive popularity over 2018 and its price and market demand is expected to soar this year. But before considering the investment value of Lisk, let’s first get to the basics. This article aims at providing a foundational understanding of this crypto currency, how it works, its current state as well as expected prospects.
What is Lisk?
Lisk is a blockchain application platform founded in 2016 by Oliver Beddows and Max Kordek. During the Initial Coin Offering (ICO), Lisk sold its 100 million tokens for 14,000 BTC - worth approximately $5.8 million then.
The platform was made for developers to build decentralized applications (Dapps) in JavaScript. The main aim of launching this crypto coin was to make blockchain more accessible. Over the last three years, the Lisk team has grown in size to about 80 people, most of whom are developers.
Why does Lisk use JavaScript?
JavaScript is one of the most popular programming languages used by developers. It is easy to use for many developers, which is commensurate with the intention of Lisk to provide individuals with an easy entry point into blockchain technology.
Since Lisk was launched using the same process that was used to introduce currencies like NEO and Ethereum, it shares some similarities with these currencies. However, it stands unique especially with respect to its speed. The Lisk blog states that it takes 10 seconds to send LSK from an account to another, and the transaction is immutable after about 2 minutes. The second thing that differentiates Lisk from other platforms is sidechains. They are autonomous from the mainchain and thus allow for testing without affecting the functioning and security of the mainchain. Using sidelines also enables individual developers and companies to take full control of their project.
How is Lisk doing today?
The current price of Lisk (LSK) is USD 1.13 and a circulating supply of 114,186,000 LSK coins. The coin’s price has been on a downward trend which can be attributed to the massive sell off by investors who wanted to realize cash gains.
Nevertheless, the Lisk team is very optimistic about the growth of the coin’s value. They believe that the future of the internet, business, and currencies is in blockchain. These will influence the success of the Lisk project. The team is continually working to make Lisk a more user-friendly, globally influential decentralized platform.
The future of Lisk
One of the key questions being asked about Lisk is that of whether the crypto will achieve widespread adoption. Looking at a number of factors in favor of Lisk, it looks like the future has better tides for the crypto currency.
In the coming months of 2019, the benefits of the full release of Lisk SDK are likely to significantly influence the growth of the platform. Lisk is expected to become even more successful with the SDK providing the user-friendliness, features and functionalities that many people have been hoping for.
In conclusion, Lisk is a serious project with great advantages over its main competitors, NEO, Ethereum, and other equally ambitious projects. Stay updated on the latest news so that you can make informed decisions on when to buy Lisk to make the most out of your investment.