Today, we will look at the Lisk (LSK) crypto project and discuss the project’s key features and products. We will also be explaining how you can exchange Lisk (LSK) at the best rates and with the lowest fees. Once you find the right place to exchange your cryptocurrencies, you will see that exchanging Lisk coin by comparing exchange rates is the best way to go.

What is Lisk?

Lisk is a blockchain-based, decentralised computational platform for decentralized applications and special programs designed to run across a network of computers running shared software. Max Kordek and Oliver Beddows founded the project in May 2016.

Lisk originated as a fork of Crypti, a JavaScript-based platform that was also started by the founders of Lisk. The main aim behind the Lisk crypto project is to broaden and ease the accessibility of development and usage of blockchain technology. LSK coin is the native currency or the utility token of the Lisk project, which can be used to pay for transaction fees on the Lisk blockchain.

Lisk Blockchain Application Platform

Lisk is a blockchain application platform that is based on its own blockchain network and cryptocurrency (LSK). Lisk uses the Javasript and Typescript languages for the purposes of writing programs which are both very popular in general web development. This makes the use of the platform easier.

It is worth noting that Lisk allows developers to create blockchain applications along with custom tokens (cryptocurrencies) through “sidechains”. These are unique blockchains that operate within the Lisk ecosystem and are bound to the Lisk blockchain. As these blockchains are compatible with Lisk, developers can leverage resources such as coding libraries, the native LSK coin of the Lisk platform and the project’s software development kit.

Because of the flexibility and scalability sidechains, developers are able to customize and implement their blockchain applications to a great extent. The sidechains can be customized with different transaction types and parameters so that they can fit the blockchain application’s use case.

LSK Crypto

LSK crypto, or LSK coin like we mentioned earlier, is the cryptocurrency that powers the Lisk blockchain. LSK crypto is required to pay for performing important actions and operations on the Lisk platform. It can be used to pay transaction fees, the cost for registering and updating a blockchain-based application or sending and receiving crypto.

However, LSK coin doesn’t only power blockchain applications, it also allows users to participate in the governance of the Lisk platform as the LSK coin holders can vote on proposed updates to the software’s rules.

Moreover, developers who choose to build a Lisk sidechain can also enable the use of LSK coin or LSK crypto within their blockchain apps, facilitating the movement of crypto coins between their blockchain and Lisk Core.

LSK crypto can be minted and the reward given to users who created new blocks is 1 LSK token in the beginning. The amount of LSK tokens minted by the network will now stay without further reductions as it used to be.

Users continue to make use of blockchain platforms that facilitate the creation and development of decentralized applications, and investors are also looking to add LSK to their portfolios.

Lisk Key features

While Lisk is mainly a platform for developing and deploying blockchain applications that are hosted on globally distributed computer networks, the platform offers a number of special features that can help users create, publish, distribute and monetise their blockchain applications. Simply put, Lisk is self-sustaining and offers features like blockchain-based storage, smart contracts and so much more.

Open-source. Lisk allows users from all around the world to easily develop products and blockchain applications on the platform.

Flexibility and customization options. users can easily develop custom blockchain applications compatible with the Lisk protocol without having to learn new languages as everything will be written in JavaScript and TypeScript.

Scalable and energy-efficient. DPoS (delegated proof-of-stake) helps keep the platform and blockchain secure while also keeping the globally distributed network of computers in sync.

Tokenomics and use. Each block cycle takes around 16 minutes with a block time of 10 seconds. This is much faster than what other blockchain platforms offer. Also, the supply of LSK is amazingly as high as 100 million and Lisk will continue to increase it every year as they reward tokens for forging. LSK coin holders can lock or stake their tokens to represent votes and earn incentives.

Lisk Products

Ever since its launch, Lisk has come up with a number of impressive products.

Lisk Core

Lisk Core represents the performance of the Lisk platform and also allows operators who are looking to participate in the decentralized Lisk protocol to have access to the means to set and run a node.

Lisk SDK

Software development kit which offers a reliable and user-friendly possibility to develop different kinds of blockchain applications that are compatible with the Lisk protocol. The Lisk SDK uses the most famous language of JavaScript, and offers a high level of flexibility to the developers who are looking to create custom blockchain applications.

Lisk Desktop

The ‘go to’ wallet for the Lisk ecosystem features capabilities like exploring, governing, monitoring, and interacting with the Lisk protocol on desktop devices. This includes a blockchain wallet that facilitates sending and receiving LSK coins.

Lisk Mobile

A cross-platform user interface facilitating interactions with the Lisk protocol on mobile phones. Similar to Lisk Desktop, Lisk Mobile offers a number of features including the blockchain wallet for sending and receiving LSK coins.

LIPs (Lisk Improvement Proposals)

A transparent proposal system that allows open discussion on how the Lisk protocol should develop.

Lisk vs Ethereum

Ethereum, just like Lisk, is a distributed computational platform that allows users to develop decentralized blockchain apps. While Ethereum is the most well-known ecosystem of its kind, Lisk has certain distinctions which can prove to be more attractive for certain uses.

• Lisk has a sidechain architecture for improved scalability. On the other hand, Ethereum does not.
• While Lisk is compatible with common programming languages like JavaScript and TypeScript, Ethereum has a platform-specific programming language, called Solidity.
• Lisk implements a Delegated Proof-of-Stake (DPoS) consensus algorithm, while Ethereum is secured using a Proof-of-Work (PoW) – Proof-of-Stake (PoS) hybrid.
• Lisk with its 10-second blocktime, compared to Ethereum’s 15 seconds, is the faster one out of the two protocols.

Taking into account these comparisons, it is clear that Lisk is a potent alternative to Ethereum, with a wider scope in certain regards.

Lisk roadmap

It has been a long journey for Lisk, filled with ups and downs. With all the challenges Lisk had to face, the platform bloomed and marched forward with more confidence every time. It is worth noting that Lisk decided to partner up with Microsoft Azure in 2016, which helped them gain industrial recognition.

Moreover, Lisk also had to undergo an official relaunch for which they hired professional designers along with brand strategy in order to make sure that the comeback was on point. We have already seen some of the amazing features and impressive products that Lisk has introduced, which made people appreciate the Lisk platform even more.

As a growing protocol for blockchain-based applications, Lisk keeps the users up-to-date on the status of its roadmap through the official Lisk website. For more regular updates, you could subscribe to the Lisk blog which includes tutorials and tips on the network and how it will continue to evolve.

How to exchange Lisk on JansWap?

Fortunately, the process of making a Lisk coin exchange on JansWap is very straightforward and easy. You can follow the below-mentioned steps to make a Lisk coin exchange on JansWap.

• Step 1. Go to the official JansWap website.
• Step 2. On the homepage, you will see the “select pair” tab.
• Step 3. In the “send” section, input the kind of coin that you wish to exchange for LISK. In this case, it should be ETH. Enter the amount as well.
• Step 4. In the “get up to” section, choose LISK as the crypto that you want to receive. Therefore, the selected pair tab will have LISK ETH as the exchange pair.
• Step 5. JansWap will then provide you with a list of exchange rate offers from several exchange partners. There is an option to filter out the results. Take your time and go through the different offers.
• Step 6. Once you’ve narrowed it down to an offer that you want, select it and click “exchange”. A new window will pop up requesting you to provide a few more additional details such as your wallet address and email address (optional).
• Step 7. Once you are done, simply click “proceed to exchange” to continue onto the next step.
• Step 8. This will trigger the transaction process to begin. Be a little patient as the process runs in the background.
• Step 9. The exchange partner will process your transaction and you will receive LISK tokens in your wallet address. Simply take a moment to rate the exchange partner and rate the experience.

Why JansWap?

You can find many instant crypto exchange services online, however, JansWap is here to make things easy for you. Exchanging cryptocurrencies requires users to tap into account numerous factors like LSK price, transaction fees, speed, ratings and KYC policies. While the process might seem daunting, JansWap can help you through it.

JansWap provides users with all the information they need in order to perform an exchange transaction. Moreover, JansWap does not take custody of the crypto assets nor does it require registration, making the process reliable and fast.

JansWap can sort the exchange offers by best rates, by the highest transaction speeds and by best ratings. Making it easy for you to choose from over 20 instant exchange services that JansWap has partnered up with. JansWap is a one-stop solution for finding the best exchange deals while ensuring transparency, convenience and a user-friendly interface.