Where Lisk is Accepted Locally and Globally
LSK is the fuel of the Lisk network, a mass-adoption-focused decentralized applications (dapps) platform. While not a commerce coin by design, the LSK token is accepted by businesses as payment from an urban swag shop in Savannah, Georgia to a Panamian hosting company.
Who accepts Lisk…
Are you an Entrepreneur, freelancer, or manager of a business accepting cryptocurrency?
Should you buy Lisk?
Lisk is blockchain technology for building Javascript-based decentralized apps which run on “sidechains” (separate blockchains), which is actually pretty clever considering the ubiquity of Javascript across the internet.
Since its ICO in 2016, despite the novel marriage of Javascript and decentralized blockchain apps, its price has not sustained growth. In 2018, its price ran up to over $30 and then crashed badly to below $1 and in 2021 it repeated a run and crash in price. Despite its 14,000 Bitcoin in ICO funding, Lisk has not even attained a top 100 ranking on CoinMarketCap. It’s not a fixed-supply hard cap crypto either, so I wouldn’t look at LSK as an investment. If you’re a skilled Javascript programmer you might consider using it to build a decentralized app, however, their website lists a couple of Lisk-powered projects…
- Lisk Ticketing — an event ticketing platform
- Fit Market — A decentralized traceability solution for a healthy food market
- Collabalancer — A decentralized freelance marketplace
But these projects look pretty half-assed, they are pretty far from being functional proofs of concept from my perspective. It’s unclear whether Lisk will realize its unique potential.
About Lisk
Lisk is a delegated proof of stake (DPoS) coin that uses the Proof of Stake algorithm. How do I mine Lisk? Lisk is a proof-of-stake (PoS) currency, which means that blocks on the Lisk blockchain are not mined using hashing algorithms like Bitcoin. Rather, coins are earned by “staking” existing coins on the network or by running a master node.
From marketbeat.com
The Lisk SDK is designed to provide an easy and reliable software development kit for building blockchain applications which are compatible with the Lisk Protocol.
The codebase is written entirely in JavaScript and TypeScript, which is highly beneficial for the majority of developers, as no significant change of tools are required to get started.
The Lisk SDK makes every effort to ensure developers are easily able to focus purely and simply on writing the code that is required for their own blockchain application and nothing else.
From the Lisk documentation hub
