Hey guys, today I am going to talk to you about an Alt Crypto that I have been holding and that I think has potential in terms of growth and development. The name of the Crypto is Lisk. Lisk is currently sitting at Number 20 overall according to http://coincap.io/ at $2.95 per unit USD, with a market cap of $332 Million USD. Now lets do a quick breakdown of what Lisk is and why I feel it will increase in value (unprofessional advice of course)...
Lisk is a Blockchain Application Platform for Decentralized Apps (DAPPs). It is the 1st "Modular Cryptocurrency" that utilizes side-chains. Modules serve as the basis of the design and construction. Anyone can use the Lisk system and its designing blocks to create their own apps. Side chains are used in addition to the main Blockchain to serve high volume activity without interfering with the main Blockchain activity. This helps with scalability issues and results in a faster network. Another advantage of Lisk is that it utilizes Javascript, which is one of the most widely and commonly used languages in the programming world. This is different than Etherium, which uses language known only to few programmers and coders. Finally, Lisk uses Delegated Proof of Stake. This means that only the top 101 delegates (determined by voting weight of voters) are actively forging and securing the network. The Forging Rewards will be equally distributed through all active (top 101) delegates.
The big news for Lisk is SDK coming soon...possibly this November or December. SDK stands for Software Development Kit. I have heard people use the analogy of SDK being compared to a box of Legos with an instruction guide. Lisk has also partnered with Microsoft Azure. This could lead to big changes in the future of App Development. Lisk also plans to step up its marketing game in the near future and do some rebranding. Some people even say that Lisk is currently way ahead technology based when compared to NEO.
These are some of the points that I came across from doing my own research on Lisk. What do you guys think? I would love to hear your opinions, both good and bad. I currently hold Lisk and voted for my 101 delegates. Some of the delegates are Lisk Pools that pay a small amount of Lisk to me every few days. I think of these distributions like a dividend to a stock. It gives me a small reward for investing and puts my money to "work." If SDK is successful this November/December, I easily see Lisk going 2X-3X. Only time will tell if I am right.
Thanks for reading and please feel free to upvote and resteem.
Take care and stay safe out there,
Pete
"Lisk is currently sitting at Number 20 overall according to http://coincap.io/ at $2.95 per unit USD, with a market cap of $332 Billion USD."
I think you meant 332million. Anyway Lisk is pumping now so congrats to all the holders!!! Cheers!
Good eye! You caught my mistake. You can be my proof reader. Some weekend though...it jumped up to 14th overall!
Upvoted and resteemed, LSK has tons of potential, expect to see price hikes with the rebranding next month and the SDK in Nov/Dec.
Thanks for the support! LSK had a great weekend. Lets hope this keeps up. Double digits are definitely a possibility in the near future. Exciting times.
I remember when lisk was 80 cents and i was thinking about buying. I think lisk has a bright future.
Hopefully, it never hits 80 cents again. More like $8.00 one day...
I think that it's good for a long term investment , the price will increase as time passes
I agree
There seems to be a lot of different decentralized application platforms on the market right now. I'm not sure what makes Lisk any different from the likes of Expanse, Stellar, or NXT. I downloaded the Lisk wallet to check out the user interface and other qualities about the platform and it was somewhat rudimentary. In my opinion, NXT has a much friendlier UI. It is also the platform on which Ardor is coded.
What is the difference between the Lisk "side-chain" and the Ardor "child-chain"?
Good post though.
I'm all for a free-market and the competition that comes along with it. It promotes ingenuity and innovation. So the fact that there are multiple dApps doesn't worry me. And the list of cryptos you listed are great. I'm diversified in my portfolio, and I do not recommend that anyone put all their eggs in one basket. This was a quick breakdown of just Lisk. I like Lisk because of the Javascript aspect and the SDK. Their website and wallet aren't the best, but I read that they are working on rebranding their image, so things could change for the better. For Expanse, I like the blockchain-based voting dApp, VoteLock™. One person, one vote. I'm not too familiar with NXT, I will check it out though. There are so many cryptos to explore and new ones are constantly entering the market, tough to keep up. Thanks for the comment and the list of alts.
They are in collaboration with a Swiss/German well known design company to change their website and their logo next month.
I love the sound of that. Look at what happened to NEO when they rebranded from ANT Shares. It mooned! Hopefully the same for Lisk...
Exactly!
Partnering Microsoft Azure? That tells the whole shebang.
Lisk has a lot going for it right now. The trading on it this weekend was crazy. Long Lisk!
Great potential it has after reading your post looks like i need to invest in them too :)
Lisk had a great weekend!
Lisk is very good in my point of view too
I agree. Thanks for the support.
amazing this coinlooks to be need to buy some i guess
Hopefully you bought...it went up big this weekend.