1) Node.js is an open-source server side runtime environment built on Google Chrome’s JavaScript V8 Engine, created for building fast and scalable network applications, and nearly the entire web runs on it:
Paypal, Ebay, GoDaddy, Yahoo, Mozilla, LinkedIn, Netflix, Uber, Groupon;
95% of all the sites on the web run on JS, the rest make up the other 5%.
Top 10 programming languages in 2016:
- JavaScript
- Java
- Python
- CSS
- PHP
- Ruby
- C++
- C
- shell
- C
Notice that solidity or serpent are nowhere on that list?
2) Ethereum has no sidechains, you’ve been lied to.
Every token hosted on the Ethereum network is another token humped onto the main Ethereum chain. This immediately lumps every tx conducted on the new token’s api is actually using the ethereum blockchain… for everything. This creates a seriously accelerated bloat-chain issue. Furthermore, if any bug is exploited on any Ethereum app, it effects the entire network because all the Ethereum apps rely on that Chain, and suffer as a result.
With Lisk, every sidechain is actually it’s own network. No bug or glitch on any side network chain is going to hinder the Lisk main chain. So in essence, LISK is endlessly scalable to encompass as many apps as one can decide to register on the Lisk network.
3) Ethereum allows you to use their algo, and their chain… providing you a community “smart contract” chain… to share…. with a hundred other projects. This is a VERY NICHE market an a huge risk for everyone relying on the network.
Being that Lisk offers custom networks that you can harness to nearly any application, using any language; and any mining or forging algorithm, or none at all… Lisk gives you the flexibility to create what YOUR vision is, not someone else’s.
4) Ethereum is currently PoW, and will be migrating to PoS, possibly with a hybrid stage in-between or permanent. In other words, they have no algorithm decided on yet. Can You imagine all the people who invested heavily into GPU power to support the Ethereum network? oh well, I guess its pointed to another coin then? lol.
Since LISK allows you to chose your own algorithm on a standalone chain, it won’t be disrupting your entire network when updates are deployed.
5) Ethereum has the most complicated wallet in Blockchain, it’s not user friendly. I was pretty upset to find out I had to “create a wallet contract” and pay blood money just to see the simple transactions in my wallet… and had to input contract addresses to view my erc-20 tokens! Whuuuuut?
6) Let’s pretend a moment you spent a few months conducting an ico and coded up a nice little dapp… you’ve got 20m in startup funding and you’re almost ready to launch, all you need is the code audited by a reputable company for application security testing. You submit your app to Vericode and they email you back with the bad news: “After a thorough audit, we discovered your software package contains languages not included in any of our testing packages. Attached is our Bill.” (solidity and serpent) The point is that no company can offer it because Vitalik the brilliant mastermind modded up a couple custom codesets that the world doesn’t know; and requires the use of them.
LISK uses Javascript & nodeJS, the most recognised and used wep protocols of all… no issues at audit time unless you write your dapp in an unknown language.
7) Lisk SDK Future
Now ask yourself what’s going to happen when the Lisk SDK is released and Joe the programmer can make an app written in any language & deploy an entire monetized network using a development platform that was built from the ground-up in Javascript. He won’t even need to lobby the BCT thread for network support because the delegate marketplace will be full of individuals looking for early adopter opportunities, and he will have a super-easy time finding qualified Devs to help his project grow because the interface and dev platform is entirely in Javascript. This all adds up to lower the cost and speeds up deployment of network blockchains in a really big way.