LSK
No. 230Price
Markets
Market | Price | 24H Change | 30D Change | 24H Volume | 24H Value |
|---|
1. Project introduction
Lisk is a blockchain application platform. Based on its own blockchain network and utility token, LSK, it will enable developers to build blockchain applications and create an ecosystem of blockchain applications for mainstream users to benefit from.
Before blockchain can achieve its full potential, it needs to gain mass adoption. Lisk is determined to solve this problem by becoming a safe and secure gateway to this technology for developers and enthusiasts alike. Through Lisk, developers can build, publish, distribute, and monetize their applications within a custom built cryptocurrency powered system that utilizes custom blockchains, smart contracts, cloud storage, and computing nodes; all from within one industry solution.
Lisk is the first decentralized application solution written entirely in Node.js. This opens up the Lisk ecosystem to thousands of current developers with no additional skills necessary. Any web developer who is already familiar with JavaScript and Node.js can immediately jump in and begin building decentralized applications from day one.
Lisk Network is where the Lisk blockchain exists. On this network, Lisk users are able to transfer LSK tokens from one account to another, register accounts as delegates, vote for delegates and, in the future, will be able to register blockchain applications.
LSK is the name of Lisk utility token. It is used to pay for transaction fees on the Lisk blockchain.
2. Application and distribution
Token application:
LSK is the name of Lisk utility token. It is used to pay for transaction fees on the Lisk blockchain.
Token distribution:
There is no maximum amount in circulation. The inflation rate will decrease over time, for example to 1.74% in the 15th year due to the reduction of the forging rewards.
The initial distribution during the ICO was 100,000,000 LSK. Since the network went live May 24th, 101 delegates are securing the Lisk network and receiving forging rewards for their service. When the network first launched, 5 new LSK was added to the supply for every new block created. Every 3,000,000 blocks (~1 year) this reward was reduced by 1 LSK, ending at 1 LSK per block, where it will currently stay forever.
Investing in cryptocurrencies carries market risks and price volatility. Before buying or selling, investors should consider their investment objectives, experience, and risk tolerance. Investments can result in partial or total loss, and investors should determine the investment amount based on the level of loss they can afford. Investors should be aware of the risks associated with crypto assets and seek assistance from financial advisors if in doubt. Additionally, there may still be unforeseen risks. Investors should consider their financial situation with diligence before making any trading decisions. The opinions, news, analysis, etc., provided on this website are market commentary and do not constitute investment advice. The platform is not responsible for any profit losses incurred due to reliance on this information.
The cryptocurrency data displayed on the platform (such as real-time prices) is sourced from third parties and for reference only, no guarantees provided. Trading on the internet comes with risks, including software and hardware failures. The platform does not control the reliability of the internet and is not responsible for any losses resulting from connection failures or other related issues.