Lisk (LSK) Review, Price, Market Cap and more | Coinopsy

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Lisk (LSK) - Side Chain

Lisk coin allows you to make your own currency or application, built off the side of there blockchian so more changes can be made than Ethereum...
Lisk's current price is $0.758 USD. In the past 24 hours, Lisk's price has decreased by -3.4 percents..
Name (Ticker)
Lisk (LSK)
Price (USD)
$0.758456108197
Rank
124
Active Supply
121.4 million
Total Supply
136.5 million
Volume(24H)
1.4 million
Market cap
92.1 million
Fun Name
Side Chain
Website Links
Social Links
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Lisk (LSK) Chart

Pros of Lisk (LSK)

  • Lots of features like Ethereum
  • Kind of easy to use

Cons of Lisk (LSK)

  • Not enough projects
  • Overvalued

Lisk (LSK) Introduction

Lisk is a blockchain development platform aimed at simplifying the creation of decentralized applications (dApps) through the use of open-source tools. It makes blockchain development more appealing and available to a broader group of developers through its use of the popular and well-known Javascript language.

Lisk (LSK) Company Message

Lisk is a Blockchain application platform, established in early 2016. Based on its own Blockchain network and token LSK, Lisk will enable developers to create, distribute and manage decentralized Blockchain applications by deploying their own sidechain linked to the Lisk network, including a custom token. Thanks to the flexibility of sidechains, developers can implement and customize their Blockchain applications entirely.

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Lisk (LSK) Multisig

Lisk also supports multisignature accounts as another security system for users requiring even greater security. A multisignature account is an account that requires multiple keys to authorize a transaction. Any user can enable multisignature on their account by issuing a special transaction specifying a group of n keys and the minimum number m of signatures required to authorize a transaction. Once this is done, it is mandatory that any transactions originating from that account must be signed by at least m out of the n keys for the transaction to be processed.

Lisk (LSK) Security

Lisk uses elliptic curve cryptography and cryptographic hashing in order to secure all aspects of the system. The system uses EdDSA as it provides a robust and fast mechanism for hashing and providing security.A key pair consists of a private key and a public key. A private key is a string of numbers and letters only known to the owner of the key. The public key is derived from the private key and can be used to validate that the private key belongs to the owner without providing access to their private key. Elliptic curve cryptography is used to generate cryptographically secure key pairs.

The process used to generate the key pair operates in the following manner:

When a user creates an account, a BIP39 mnemonics (the passphrase) is generated for the user. This passphrase is hashed using the SHA-256 hash function into a 256-bit string. This hash is subsequently used as a seed in Ed25519 to generate the private key ks and derive its public key kp.

Lisk (LSK) Delegates

A delegate is a type of account that has registered using a delegate registration transaction as described in transactions. These accounts have a key role in the Lisk ecosystem as they generate blocks and validate transactions. Any account can become a delegate, but only the 101 accounts with the most votes weighted by stake are allowed to generate blocks.

Lisk (LSK) Consensus

Lisk's blockchain is managed by a peer-to-peer network that complies to a protocol for communication between nodes and validating new blocks. The protocol section of our documentation is therefore comprised of eight following sections outlined in the table of contents.

Lisk uses Delegated Proof of Stake (DPoS)as its consensus protocol.

Delegates generate all of the blocks within the system and are elected by the stakeholders, in this case all entities holding LSK tokens. The number of delegates is fixed at 101. Each stakeholder can vote for up to 101 delegates, and the weight of the vote depends on the amount of LSK the stakeholder possesses. Any stakeholder can vote for a delegate using a vote transaction.

Lisk (LSK) LISK Core

Lisk Core is the program that implements the Lisk Protocol. Every machine must set it up to run a node that allows for participation in the network. Setting up Lisk Core enables a user to:

 

  • Connect to a Network and communicate with other nodes in the network.
  • Full control to configure Lisk Core to specific needs, as required.
  • Create your own snapshots of the blockchain.
  • Use Lisk Core to perform actions on the Lisk blockchain, e.g. with Lisk Hub.
  • Forge new blocks (if you are an active delegate).
  • By setting up your node, you contribute to the decentralization of the network

Lisk (LSK) LISK SDK

The Alpha SDK aims to provide an easy and reliable way to build blockchain applications compatible with the Lisk Protocol. The architecture of our SDK has been designed so that it can be extended to meet the requirements of a wide variety of blockchain use cases.

The codebase is written entirely in JavaScript, which means for a majority of developers, no significant change of tools is required to get started. The Lisk SDK makes every effort to allow developers to focus simply and purely on writing the code that matters to their own blockchain application, and nothing more.

Lisk (LSK) Technical Overview

The Lisk blockchain is powered by its LSK token, which is a delegated proof-of-stake (PoS) cryptocurrency. Developers can utilize the LSK token to power their dApps or create their very own proprietary token for their network. Lisk is currently working towards becoming the first 'modular' cryptocurrency, meaning it can utilize sidechains to overcome the scalability issues that affect many traditional cryptocurrencies like Bitcoin.

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Lisk (LSK) Hardware Wallets

Ledger

  1. Open the Manager in Ledger Live.
  2. Connect and unlock your Ledger Nano S.
  3. If asked, allow the manager on your device by pressing the right button.
  4. Find LISK in the app catalog.
  5. Click the Install button of the app.
  6. An installation window appears.
  7. Your device will display Processing…
  8. The app installation is confirmed.

Liskish Wallet is a fork of Lisk NANO where Ledger support is integrated.

The Liskish Wallet can be downloaded here: releases

  1. Simply connect and unlock your Ledger Nano S device;
  2. Open the LISK app;
  3. Open the Liskish Wallet App;
  4. Your device will show up in the Device List
  5. Hit the Login button near your device
  6. Follow the instruction and verify the address on your device!

Lisk (LSK) Desktop Wallets

Lisk Hub

Lisk Hub one of the most user-friendly wallets, which can act as “all-in-one” solution, accessible through your web browser and even for download to Windows and Mac operating systems.

Lisk Identity uses an algorithm to create a unique visual representation of each user, which is presented with a 12-word passphrase, that is stored on some third-party servers, so you’ll have to store it in a safe place. Hub also features a blockchain explorer and allows users to vote for the delegates. Lisk says that it will also feature a decentralized exchange, sidechain registration and the ability to launch your own ICO, in the future.

Lisk Core

Lisk Core is one of the top Lisk wallets for desktop versions, which is meant for technical users because of its full node complicated process. It is not meant for the amateur traders.If you’re a developer, this wallet may be the correct choice for you. However, if you’re a tech novice, looking for a simple way to manage your LSK tokens, you should probably be better served by the first wallet on the list.

Lisk Commander

Lisk Commander aims to be the most convenient tool for developers who are looking for an efficient way of coding with a Command Line Interface (CLI). With Lisk Commander, it is easier to plug new commands into the CLI than building a Graphical User Interface (GUI) around every command. This Lisk wallet will facilitate delegates, node operators and contributors to make proper use of Lisk’s functionality from the command line with ease.

Lisk Commander enables you to communicate with a remote or local node and carry out Lisk-related functionality using an interactive or non-interactive command line tool, proving it to be one of the wallets for advanced users.

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