Lisk (LSK) crypto: All you need to know about it

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Lisk (LSK) crypto: All you need to know about it

 Lisk (LSK) crypto: All you need to know about it
Image source: © Dizain777 | Megapixl.com

Highlights:

  • The Lisk crypto aims to provide an accessible blockchain application platform
  • It makes use of the DPoS consensus model
  • The crypto ensures high throughput and security

The majority of the cryptocurrencies are in the red today as the global crypto market cap stood at US$940.81billion at the time of writing, down 2.06% over the last 24 hours as crypto investors are daunted with recession fears and inflationary pressures.

Top cryptos like Bitcoin, Ethereum, XRP, Cardano, Solana, etc., are trading in the red today; however, one crypto which is currently witnessing a surge in its prices is the Lisk crypto.

So, here in this article, we will discuss what the Lisk crypto is all about.

 

 

Source: © Panya85 | Megapixl.com

Know about Lisk crypto

Launched by Oliver Beddows and Max Kordek in 2016, Lisk aims to offer an accessible blockchain application platform and an advanced JavaScript SDK, wherein everyone is benefitted from this technology. Lisk SDK enables its developers to create application-specific blockchains based on JavaScript.

What are the advantages of Lisk crypto?

The platform makes use of highly efficient DPoS, i.e., the Delegated Proof-of-Stake consensus model, which ensures high throughput and security as the electricity consumption of the entire network is kept at minimum levels.

Also, the blockchain boasts of preventing scalability issues and high fees while ensuring smooth operations.

Further, industry-leading test coverage and development standards ensure smooth operations of the blockchain platform. In addition, consistent third-party security audits further enhance the platform’s trust and reputation.

It must be noted that the Lisk project is managed by Switzerland-based Lisk Foundation.

Lisk’s price

The crypto is currently priced at US$1.20, rising 12.14% over previous day. Its in-house taken is known as LSK. At the time of writing, around 128 million LSK coins were in circulation while the maximum supply is not available.

Further, its token is used for paying costs of key operations as well as voting for governance proposals, i.e., LSK is needed for voting on proposed updates to the software’s rules.

Where to buy Lisk crypto from?

The Lisk crypto is available on several exchanges across the world. Some of those exchanges are Binance, KuCoin, BitFlyer, Bittrex, Houbi, Kraken, Upbit and many more.

Bottom Line

Cryptocurrencies tend to appear lucrative. However, in-depth research and due vigilance must be practised before venturing into the crypto space, as these cryptocurrencies are marked by risk, extreme volatility and price fluctuations.

 

Risk Disclosure: Trading in cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory, or political events. The laws that apply to crypto products (and how a particular crypto product is regulated) may change. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading in the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Kalkine Media cannot and does not represent or guarantee that any of the information/data available here is accurate, reliable, current, complete or appropriate for your needs. Kalkine Media will not accept liability for any loss or damage as a result of your trading or your reliance on the information shared on this website.

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