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“What is Lisk?
Many beginners who are just starting their work with cryptocurrencies are wondering what is Lisk? It is a virtual currency and a platform designed to work with decentralized programs. If we consider it from the side of cryptocurrency, then it is by and large similar to Bitcoin and other currencies. It acts as a dispersed payment system for the virtual money network.
Due to its rapid growth, this platform was able to truly “blow up” the virtual currency market and forced all its representatives to pay a lot of close attention to their project. This site is a competitor of ether, which also offers users high-end tools to design common software. Compared to Ethereum, Lisk is trying to develop software development functionality as widely as possible. It does not focus exclusively on business areas and the financial industry.
is a platform where you can safely trade cryptos.
Distinctive features of Lisk
Today it is very difficult to find people who have not heard anything about a technology such as Blockchain, and who do not know anything about its positive aspects over the standard system of conducting money transactions. To date, there is only one drawback of this system – the real possibility of overloading it with the help of fake financial processes. At the moment when the number of spam transactions exceeds the allowable rate, this can lead to a significant slowdown in the entire operation of the system.
The main distinguishing features include:
the generally accepted algorithm for coordinating equity participation called DPoS is used;
the work uses the programming language – JavaScript;
the introduction of a side chain in order to store important Lisk programs;
emerging problems in programs require the creation of a hard fork in the side chains;
absence of a virtual machine.
In addition to these differences, the platform is ready to offer its users several utilities that greatly facilitate the crafting of a decentralized program. A number of major creators have already been able to appreciate all the positive aspects of this site.
It is also worth noting that one of the important components of this crypto platform is that all LSK (LSK) coins have a unique voice. Only the first 101 users who have such votes on their personal account have the right to make a first-decision on the introduction of a new multifunctional tool, as well as to propose a solution to emerging problem situations.
Benefits of Lisk
Among the advantages, the following should be highlighted:
creating a program using a popular, simple programming language called JavaScript;
you can launch, distribute, monetize programs in just two clicks;
free access to a full set of working utilities called the Software Development Kit;
the presence of high system throughput due to the placement of the program in sadchains.
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