What is Lisk and what makes it different from Ethereum ?

in #cryptocurrency7 years ago (edited)

While I was youtubing about Ethereum, I came across another cryptocurrency that stepped in last year in May 2016 called "Lisk". After doing some research, I found out that more or less the idea of Lisk is just like Ethereum due to the fact that it is also based on the concept of writing your own decentralized Apps.

However, there are some key differences that make them rival to each other:

  1. Lisk requires its developers to use Javascript for writing dApps whereas Ethereum uses Solidity (similar to JavaScript) and Serpent (similar to Python).
  2. Although the application built using Lisk is needed to be fueled by LISK coin, the concept is different in the sense that these blockchain apps are not supposed to run on the mainchain rather they are required to be deployed on their own network of a chain called "sidechains". The idea of sidechain allows managing scalability that other cryptocurrencies like bitcoin faced.
  3. Just like Ethereum, Lisk has also partnered with Microsoft in their Azure Blockchain as a service program (BaaS).

So, there are some key differences between these two blockchain technologies. In my opinion, the idea of Lisk to not allow its blockchain applications to use mainchain is far better than that of Ethereum's as it would keep the currency more stable in the event of overwhelming crowd fundings.

At the end, I would request you to upvote and follow me if you have found my post informative.

Upvote, ReSteem & bluebutton

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I like the idea of LISK, especially the sidechains. The fact that the code is written with javascript seems like it will lower the barriers of entry. Then again, I heard that this is easier to hack. I was going to buy some yesterday but bought some more SingularDTV instead. That project has me way more excited.

well, I am counting on Lisk.
Thanks for the reply, btw.

I'm still tempted to invest in Lisk but I'm all tapped out at the moment. If it keeps going down in price I'll probably jump on the bandwagon too.

Solid blog. Same mindset here. The popularity of the cryptos is currently determined by the biggest group of uneducated investors in man kind. It's an interesting world we live in. This is quite an interesting website I found: https://www.coincheckup.com Amazing opportunities came to light when I started using this coins to analyze cryptos.

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