On which platforms can Lisk (LSK) be bought and sold?
LSK/BTC, LSK/ETH, LSK/BNB
Since Lisk’s launch, there has been a lot of confusion about the nature of the project and also about the use cases of LSK. It must be said that the ICO white paper was not always clear and the founders’ vision was more or less confused. However, the team posted a long article on a Medium blog to give more details to its investors.
Lisk is a decentralized network, which has its own blockchain and allows developers to build a wide range of applications. These developments are done on side chains (side chains) specific to the needs of each App, a little like the Ethereum. However, Lisk has nothing to do with smart contracts.
Lisk technology uses a framework called Lisk App SDK that allows developers to create the backend of an application but also the frontend, thus having full control over the user interface of their App.
In addition, Lisk offers open source software that provides a complete overview of the work of other developers, and thus helps them improve their App.
Finally, the LSK currency, which can be used by developers to build Apps on the Lisk network.
How it works: for which uses can Lisk (LSK) be purchased?
Lisk launched its ICO in May 2016 and raised nearly $6 million. At the time, it was the second largest ICO in terms of fundraising. The LSK price was then $0.17 USD. Today it has grown by almost 15,000% and is trading at around $22 USD.
LSK is a true crypto currency, which can be used for peer-to-peer transactions (between individuals) on the Lisk network. According to Lisk’s official blog, it only takes about ten seconds to send LSKs between accounts. This is much faster than a significant number of cryptos.
Our review: should we buy Lisk (LSK)?
The LSK course will depend primarily on the success of the Lisk network and the adoption of its technology by developer communities and startups. Lisk will not allow you to buy material goods. Thus, no store will accept it as a means of payment, so there will never be a worldwide adoption of the LSK.
Thus, you are advised to have a little LSK in your portfolio. However, it is likely that LSK will encounter competitors offering the same functionalities. If the service is of better quality, then LSK’s price would fall.