The Lisk (LSK) cryptocurrency project is managed by the Lisk Foundation, a non-profit entity based in Zug, Switzerland. A local team of experts specializing in finance and law and yearly audits ensure the proper handling of different funds and regulatory compliance under the supervision of the Swiss Federal Foundation Supervisory Authority. The Lisk (LSK) cryptocurrency products are developed by the Lightcurve GmbH, a Berlin-based blockchain studio. With a team of more than 40 blockchain experts, the Lightcurve is evolving, researching, and promoting the Lisk blockchain application platform and Lisk SDK.
WHO ARE THE FOUNDERS OF THE LISK (LSK) CRYPTOCURRENCY?
WHAT MAKES THE LISK (LSK) CRYPTOCURRENCY?
The qualities that make the Lisk (LSK) cryptocurrency unique are listed below:
It is a part of the vision of the company. Lisk believes that not only the elite of technical people should have access to the web and crypto but everyone in this world. This vision of the Lisk company flows through everything it is doing and into their products.
Proven and Established –
Founded in 2016, the Lisk (LSK) cryptocurrency is one of the oldest crypto projects in existence. The team has proven to consistently and diligently work on the project with one of the highest development activities in the industry and increased funding to last for many years coming.
Application-specific chains –
Instead of relying on smart contracts, the Lisk (LSK) cryptocurrency developers are implementing their blockchain applications natively on their blockchain with the Lisk SDK. This prevents scalability issues as well as high fees but maintains composability too.
HOW IS THE LISK (LSK) NETWORK SECURED?
The Lisk (LSK) cryptocurrency network is secured through a highly efficient and environmentally friendly Delegated POS (Proof of Stake) consensus algorithm and finally guarantees the BFT protocol. Therefore, even without the need for miners, the electricity consumption of the whole network is kept to a minimum while ensuring high throughput and security. The leading industry development standards and the Lisk (LSK) cryptocurrency test coverage have provided smooth operation since the network’s launch on 24th May 2016. Moreover, the regular third-party security audits bring further trust and reputation.
HOW MANY LISK (LSK) CRYPTOCURRENCY COINS ARE THERE IN CIRCULATION?
When the initial coin offering of the Lisk (LSK) cryptocurrency was in 2016, the blockchain started with around 100,000,000 LSK at a market value of $5,800,000. In February 2022, approximately six years later, there were around 140,000,000 LSK available at a market value of $240,000,000. It represents an over 40x return.