Founded by Max Kordek and Oliver Beddows in 2016, Lisk is a blockchain application development platform aimed at “enabling more developers to create custom and scalable blockchain applications”.
The company says it is committed to bringing more talent and entrepreneurship to the blockchain and crypto space to help the technology reach its full potential. To achieve this goal, it removes three of the biggest barriers to entry: advanced technical knowledge, lack of interoperability, and funding.
An Easier-to-Use Blockchain Application Development Platform
Lisk SDK includes the framework; an extensive library of Lisk items or separate feature packages that developers can install; and Lisk Commander, the command-line interface tool featuring a user-friendly tool for coding blockchain applications.
This accessible blockchain development kit has the potential to be adapted for a variety of use cases and the proof is in the applications that have already been built on Lisk. The platform has been used to build everything from Enveti’s decentralized social media NFT platform to Colecti’s NFT marketplace to Topas City’s immersive virtual reality world.
Beyond the Lisk SDK, the Lisk ecosystem also offers:
- Lisk Core, which allows operators to configure and run their own node in the Lisk network
- Lisk Service, a layer between a blockchain application and a user interface (UI) like Lisk Desktop or Lisk Mobile so that users can access all blockchain applications through these user interfaces
- The Lisk Improvement Protocols (LIPs), which act as a proposal system to shape how the Lisk network is developed and improved over time
A cross-chain interoperability solution
The Lisk blockchain network is developing sidechain technology that will enable communication within the Lisk ecosystem. By using certificates and timestamps to confirm data, Lisk’s interoperability solution aims to one day facilitate communication between apps in the Lisk ecosystem. This means that in the future it will be possible for these Lisk apps to work with other apps built in other blockchain networks.
This kind of interoperability could end up being key to the future of the blockchain space. Right now, with dozens of different networks that can’t talk to each other, navigating the different blockchain applications a user might want to access on any given day is messy and clumsy. Imagine having to use a different Internet browser for each website you want to visit today.
In order for all of these different applications to interact and transact with the Lisk mainchain, they use its native utility token, LSK. Tokens are digital assets, including popular cryptocurrencies such as Bitcoin BTC/USD and Ethereum ETH/USDbut also other digital assets like governance tokens that allow holders to have a say in the future of a protocol or application or NFTs that act as property rights for unique assets real world or digital.
Available for purchase on major exchanges like Binance and Crypto.com, LSK is used to send transactions and vote for delegates in Lisk’s Delegated Proof-of-Stake (DPoS) consensus mechanism to validate and secure its blockchain. As the platform grows, LSK will offer more functions for developers, including registering the blockchain applications they create.
A grant program to fund new projects in the Lisk ecosystem
Finally, the Lisk grant program offers funding in stages to developers who build applications with the Lisk SDK. The grant program distributes approximately $1.3 million, paid in LSK tokens, to help new projects get started.
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Featured photo by Kelly Sikkema on Unsplash