Lisk is a crypto-currency and decentralized application platform. As a crypto-currency, much like Bitcoin and other alternatives, it provides a decentralized payment system and digital money network.
The network itself, operates using a highly efficient Delegated-Proof-of-Stake (DPoS) consensus model, that is secured by 101 democratically elected delegates.
The Lisk decentralized application platform, it's most powerful component, allows the deployment, distribution and monetisation of decentralized applications and custom blockchains (sidechains) onto the Lisk blockchain.
The inflation rate is 5 LISK per block, which gets lowered by 1 every year until it reaches a stable block reward of 1 LISK per block.
Lisk partnered with Microsoft to integrate Lisk into its Azure Blockchain as a Service (BaaS) program — meaning developers worldwide can develop, test, and deploy Lisk blockchain applications using Microsoft's Azure cloud computing platform and infrastructure.
Build Incredible Applications
Decentralised blockchain applications will be built on Lisk from the ground up in pure Javascript and take advantage of the powerful Lisk APIs. In addition, every app will run in its own sidechain to ensure that Lisk itself stays safe and scalable. Currently in development, these features will become available towards Q4 of 2017.
Nowadays, we have Apple’s App Store and Google’s Play Store. Both centralized solutions owned by corporations for centralized applications. The Lisk Foundation believes in a decentralised future. In order to achieve this, Lisk strives to make blockchain technology accessible for everybody by building a blockchain application platform likewise for users and developers.
On May 24th 2016 the Lisk blockchain network went live with its own cryptocurrency called LSK. From that date, the Lisk Foundation is working hard together with its contractors towards the release of their Software Development Kit (SDK).
The SDK is a framework written in JavaScript to deploy your own blockchain network next to the main Lisk network. Decentralised applications can be built on top of your own blockchain.
Possibilities are endless, like developing platform independent social networks, messengers, games and so on. All on your own blockchain network including corresponding token, fully decentralised, and all this without the hassle of complicated consensus algorithms or peer-to-peer networking protocols.
Source: lisk.io
Cryptocompare.com