Understand exactly what Lisk is!

In our time, we have Apple Store App Store and Play Store. Both are central solutions owned by two central application companies. But Lisk seeks to build a decentralized future. In order to achieve this, Lisk is working hard to make pluxin technology accessible to everyone by building a plucheen application platform available to both users and developers.

A simplified explanation of what LSK (Lisk)

On May 24, 2016, the LUX network began to adopt its own encrypted currency called LSK. Since then, Lisk has been working hard with its contractors to launch their SDK Development Kit (SDK), a JavaScript-based framework for the deployment of the Blocsin network alongside the Lisk network. Your own.

The possibilities are endless, such as developing platform independent social networks, games and so on. All this on your Blockchain network, which includes the appropriate Token Token, completely decentralized, without the hassle of complex algorithms or peer-to-peer network protocols.

To further clarify and obscure some of the circumstances, it should be noted that:

Lisk is:

• Decentralized network

Lisk is a decentralized network such as Bitcoin, Nxt, or BitShares. Lisk does not use the Proof of Work algorithm such as Bitcoin, nor the Proof of Stake such as Nxt. But use the so-called Delegated Proof of Stake.

• Coded currency

Lisk is an encrypted currency called LSK. Sending LSK from one account to another takes 10 seconds, after about a minute to two minutes the transaction can be considered unchangeable.

• Framework

The SDK application (Lisk) is a framework for deploying your Sidechains and developing Blockchain applications on their basis. Everything is written in JavaScript. This means that you can develop a platform for independent social networks, games, financial applications, exchanges, storage platforms, contract execution platforms and much more on your proxies, completely decentralized, and without hassle.

• Sidechains platform

In the previous section, I read that the Lisk SDK allows you to publish Sidechain on Lisk. Where all specifications, transactions and transaction types can be changed to perfectly fit your application of blockchain.

• Blockchain Application Platform

The most interesting part for Lisk users is being a Blockchain application platform. The Lisk SDK application only allows deployment of Sidechains; it also provides all the tools needed to develop a Blockchain application. Blocking is not just a text application that works in a decentralized and unreliable way. It is much stronger.

• Blockchain services platform

Blockchain services are a subset of Blockchain applications. It allows you to do something very specific.

• Guide to decentralized applications

With Lisk not only a network, an ecosystem, decentralized applications are available, but also a decentralized guide for applications that everyone can access. All the applications of the Blockchain and the services built on the Lisk platform must be registered on the mainchain for Lisk, in this way a link is created between mainchain and Sidechain and the application directory can find all the applications and services of the Blockchain.

• Market is decentralized and public

The Lisk Marketplace is a way to link developers to the applications of Blockchain and Sidechain delegates. This is necessary, because each Sidechain is an independent Blockchain requiring a special set of insurance contract.