In four words or less: Decentralised App development Ecosystem
Lisk was one of the top Initial Coin Offerings in 2017, raising 14,000 Bitcoin. The Lisk project has demonstrated a completely transparent process of using their ICO funds to hire a team and develop their products. The chief aim of Lisk is to serve as an ecosystem for developers to create distributed apps, which interact with the Lisk blockchain.
What problem does Lisk solve:
Properties of List:
Lisk is classified as a coin, with a supply of 108,429,808 coins currently, and a maximum supply of approx. 123 million coins. Lisk creates blocks through “delegated proof of stake”, where owning Lisk means one can elect who will run nodes and receive block rewards. Running a node requires the entity to hold Lisk coins. But voters who hold Lisk also receive rewards, known as staking rewards. Lisk blocks are produced every 10 minutes, like Bitcoin.
Adoption and Penetration:
Lisk is seen as a solid project, but the popularity of the coin waxes and wanes. The team is dedicated to marketing and outreach, and the coin underwent an elaborate rebranding in February. Lisk trading has concentrated on YoBit. Like most blockchain projects, the Lisk ecosystem is not fully developed yet, with just one ICO using the Lisk platform. Lisk is attempting to gain popularity through its system of educational resources, spreading knowledge of crypto coins and distributed ledger technologies. Lisk is reaching out to developers, offering tools and documentation to encourage the building of distributed apps.
Management and Gouvernance:
Lisk was created by co-founder and CEO Max Kordek, who is the public face of the project. Governance is performed through voting and staking. Node owners, the 100 entities securing blocks, are extremely influential, and some see them as a drawback to the Lisk system.
Risks and limitations:
The Lisk platform has not been tested at scale. At the time of writing only one ICO is scheduled to be launched based on Lisk: the MADANA ICO. The Lisk project also has high expenses, with a large team and a pedantic approach to design, but still little to show in terms of product development. Lisk voting may be counter-intuitive. Some see the system of delegates as creating an oligopoly, where block producers vote for each other and keep the rewards.
Competition: NEO, NEM, TRON, Ethereum, Stellar, QTUM, other platform coins.