Lisk (LSK) quick summary
Lisk (LSK)
Lisk is an open-source cryptocurrency and decentralized application platform, written in JavaScript.
Category: Platform
Date of launch: 2016.05.24
All time low: 0.095652 USD
All time high: 8.29 USD
Pros:
-Lisk allows any web developer who has used any JavaScript framework before to easily and quickly build an app on its platform
-Lisk network operates using a Delegated Proof-of-Stake (DPoS) consensus mechanism which is secured by 101 democratically elected delegates therefore there is an imcentive to be active and get voted to earn block generation rewards
Cons:
-Not yet delivered known projects on the platform
Similar projects:
-Ethereum, Neo
Key figures:
-Max Kordek, Oliver Beddows
How dPOS works?
Lisk uses the DPoS which differentiates from i regular PoS (Proof of Stake) as that only the top 101 delegates (determined by voting weight of voters) are actively forging and securing the network.
Lisk DPoS functions through a series of rounds. Rounds consist of 101 individual blocks. Each of the 101 active delegates are randomly assigned 1 block within the round to forge. A full cycle round takes 17 minutes. If a selected delegate is unable to forge their assigned block, activity from that block moves to the next block in the round.