Lisk Cryptocurrency: Review, Difference from Ethereum, Forecasts for 2018

lisk cryptocurrency

The launch of Ethereum revealed the potential of the platforms that work on blockchain. With this discovery, there appeared many opportunities for decentralized applications and new models of economic interaction. Against this background, some developers created platforms to serve as a platform for launching applications, however, these were only pathetic attempts to outshine the mighty Ethereum. With all this, it is worth highlighting a quality project that could not be overshadowed by the world’s #2 cryptocurrency – Lisk cryptocurrency.

Contents:
(please click the topic to scroll down to it):

  1. Brief Characteristic of Lisk
  2. History of Creation
  3. Review of Lisk Cryptocurrency
  4. How to Buy Lisk Cryptocurrency
  5. Prospects for Lisk: Expert Forecast for 2018
  6. Conclusion

1. Brief Characteristic of Lisk

Lisk is a platform designed to create new decentralized blockchain-based applications on its basis. Its main competitor is Ethereum cryptocurrency. However, Lisk provides the ability to create applications in one of the most popular languages ​​for developing applications – Java Script.

2. History of Creation

Lisk was created by a group of IT professionals who participated in the development and release of Ethereum – Max Kordek, Oliver Beddous, Stephen Nerrayoff and Charles Hoskinson.

The project was launched in the February of 2016, the internal tokens of which were LSK coins. The idea managed to attract $9 million in just one month.

3. Review of Lisk Cryptocurrency

Analogs provide the ability to “include” applications into the blockchain, while Lisk “includes” them on the side so as not to violate the integrity of the chain. This technology is called sidechain. This approach allows to:

  • reduce the load of the main chain;
  • increase the network capacity;
  • Increase the work and deployment of applications.

Lisk and Ethereum are the main each other’s competitors, but the latter loses to the former in three points:

  • Lisk uses JavaScript, Ethereum uses Solidity;
  • Lisk applications are created through hard fork and work on the sidechain, which eliminates dependence on the main circuit;
  • Ethereum loses bandwidth at high loads.

The mining scheme also differs. Lisk uses the modern algorithm PoS, while Ethereum uses PoW.

Not everyone can mine Lisk cryptocurrency.

4. How to Buy Lisk Cryptocurrency

Another factor that positively influenced the growth of popularity is the opportunity to buy digital coins LSK on most popular exchanges, such as: Binance, Bittrex, Poloniex, Livecoin. You can buy Lisk crypto currency for BTC or ETH.

5. Prospects for Lisk: Expert Forecast for 2018

Last year was really hard for Lisk developers – a lot of work was done and updates were released. The results were reimbursed, the project fell into the top-10 most attractive solutions among investors. At the moment the platform has everything necessary to win some market share.

The cost of LSK currently varies in the range around $22 per coin. Experts say that due to the current market conditions, scalability problems with Ethereum and the unique characteristics of Lisk, the discussed cryptocurrency will be sold at a price of $50 for one digital coin by the end of 2018. This will happen in case no political regulations are introduced into the work of the cryptocurrency industry.

6. Conclusion

The current situation of the market is unsteady and surprising in the fact that even the most unimpressive cryptocurrency can win positions close to the leaders in just one day. Such a fate is especially likely for Bitcoin and Ethereum analogues. Therefore, it is probably worth buying a couple of Lisk coins.

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