Lisk (LSK) - "Polish" pride of cryptocurrencies

We continue the cycle in which we describe the most popular cryptocurrencies and everything related to them. This time we will deal with the Lisk platform, which was built by, among others, Polish programmers.

Max Kordek and Oliver Beddows. Source: Openledger.info

Two programmers (Oliver Beddows and Max Kordek) are considered the creators of Lisk (LSK), but due to the fact that the platform based on blockchain technology was created mainly in Berlin, a team of several dozen who worked for them included many Poles. That is also why "foxes" are still popular in our country.

What is Lisk (LSK)?

Lisk is a cryptocurrency (LSK) but also a chain-based platform Blockchain with the same name. The purpose of its foundation is - as in the case of other cryptocurrencies that arose after Bitcoinie - ensuring the possibility of carrying out many transactions at the same time, which is limited in the case of traditional cryptocurrencies due to the need for time-consuming authorization. Lisk wants to bypass this problem through sidechain, a solution that allows not to add every transaction to the main blockchain. Instead, they are supposed to create legs, and this operation of Lisk-based tokens is to provide them with much better scalability.

USD 6,3 million in three months

The sale of LSK tokens began on January 22.01.2016, 21.03.2016 and lasted until March 6,35, 7. During this time, 22.08.2017 million USD was collected in cryptocurrencies. You had to pay less than 1 cents for each LSK token. As a result, on August XNUMX, XNUMX, the Lisk network operated flawlessly, which quickly translated into a jump in its value. In the same year, the valuation of the popular "Liski" exceeded ... USD XNUMX billion.

How does Lisk work (LSK)

The side chains that have been successfully launched on 1.09.2018/XNUMX/XNUMX are by far the most distinctive element of the Lisk network on the cryptocurrency market. Side blocks independent of the main network have indeed influenced the scalability of the transaction, but also the possibility of further development of the project. Each new application is created on the next branch of the Blockchain chain, without burdening the main network.

The cryptocurrency Lisk (LSK) itself is similar in assumption to Ethereum in that there is no assumption how many units will hit the market (as opposed to e.g. Bitcoinwhere full supply is strictly defined). We currently have over 122 million LSK units on the market and their number is constantly growing. However, the reward for adding new LSK blocks is falling. Every year it is 1 LSK less and in 2021 the reward for excavating the block will reach only 1 LSK. Then it will be clear that annual inflation will amount to exactly 2,19%.

Where can you buy LSK?

The LSK cryptocurrency is very popular in Poland, but on 16.12.2019/179/1,5 it is only XNUMXth in the world in the cryptocurrency ranking in terms of daily turnover on the markets. And this despite the fact that it reaches over USD XNUMX million per day.

Be sure to read: Cryptocurrency exchanges; Summary of the most popular offers

It is worth mentioning that the price peak came around the same period when all cryptocurrencies grew madly. On 07.01.2018/1/39,31, 4 LSK was paid 7 USD, and the capitalization was close to 0,57 billion USD. If someone bought "foxes" for 50 cents in a public offer, he could definitely earn a fortune. Currently, the price is well below the record at $ 70,6. In recent months, it has dropped by over XNUMX%, and the capitalization is USD XNUMX million.

LSK tokens are listed on virtually all cryptocurrency exchanges and available for purchase both as cryptocurrency pairs and for fiat currencies.