LiskLSK to AUD

Lisk coin was founded in the year 2016. It is handled by Lisk Foundation which is a Switzerland based non profit organisation. The main aim behind creating this network was to provide users with a user-friendly platform that allows developers to create dApps completely using the most commonly used programming language which is JavaScript. In this article we will learn about the technologies used to create these platforms. We will also delve into its features. Moreover, we will have a look at its various use cases. Not only that, we will also explain in detail how to buy this token and what are its present standing and its future prospects. In short, this content piece will give you all the information that you require to make an informed decision of whether it is a good idea to put your money in this digital currency or not. 

What is Lisk Network ?

In the year 2016 Max Kordek and Oliver Beddows got together and founded this network. Its main aim was to provide users with a user-friendly platform. After its launch the network has worked hard to achieve 100,000,000 users to invest into cryptoa d Web3. This network has successfully offered a user-friendly platform that allows developers to create DApps completely using JavaScript which is a widely used programming language. Apart from that this network uses a special mechanism called sidechain architecture. This technology enables the developers to build their sidechains which are linked to the primary network's blockchain. 

Technologies Used by Lisk Network 

This network has some of the unique technologies that helps this network to achieve its goal of building a platform where developers can build DApps using JavaScript. We have mentioned some of the robust technologies that this digital currency has. They are as follows :

• Sidechains 

As mentioned earlier this network uses a unique mechanism called sidechains. This technology allows developers to build their sidechains which are connected with the primary blockchain of this network. This mechanism helps to improve the scalability of the network.

• Delegated proof-of-stake 

This network uses the DPoS consensus mechanism. This enables a chosen team of delegates who take the responsibility of validating transactions and creating blocks. This helps the network to provide high speed transactions and enhanced scalability. 

• Decentralized Applications 

This network mainly focuses on providing a platform to developers for creating DApps completely using JavaScript. It uses JavaScript as its base programming language making it easier for users. This makes it one of the most user-friendly platforms. 

Features of Lisk Network 

After having some unique technologies, let's talk about its features that help this network to stand out from the others. We have included some of its major features that it offers to its users. 

• User-friendly 

This network's main focus is to provide a user-friendly platform to its users. Thus to make this possible it uses some of the most robust technologies. It has even made JavaScript as its main programming language. 

• Personalized Blockchains

This network allows developers to create their personalized sidechains which are linked with the main blockchain of the network. This helps the developers to build DApps according to their requirements. 

• Community-driven Network 

This network is a Community-driven network. It has a strong commitment that actively takes part in the decision-making process of the network. It enables token holders to cast votes on important matters. 

What Are the Use Cases of Lisk Network ?

This network has some of the best technologies and features which leads it to have a wide range of potential use cases spread across many different industries. Some of such use cases are listed below:

• Supply Chain Management 

This network enables developers to create personalized sidechains. This technology can be used in supply chain management for tracking and verification processes using the blockchains. 

• Gaming 

This network provides enhanced scalability which Gaming industries can make use of for creating blockchain based games, virtual assets etc.

• Community Governance 

This network is a community-driven network. It allows its token holders to participate in the network's governance by enabling them to cast votes on important proposals. 

How to Buy This Lisk Token?

This network's native token is available on many different cryptocurrency exchanges like Binance, Kraken, Upbit etc. Interested investors can follow the below mentioned guidelines and acquire this cryptocurrency. 

• Crypto Currency Search 

First step is to search for a reliable and secure cryptocurrency exchange that supports this token. 

• Account Creation 

Once you choose the exchange as per your convenience you should create an account on that exchange.

• Complete KYC Process

After successfully completing the KYC verification process your account will be created. 

• Fund Deposit

Deposit funds into the account and place purchase orders for the required amount of coins. 

• Coin Verification 

The purchase order will get verified and your coins will be credited into your account. 

• Wallet Transfer

Transfer the coins into a safe and secure cryptocurrency wallet.

Future of Lisk Network 

This network has a bright future ahead. The main reasons for it are as follows: 

• Constant Innovation 

The network is working continuously to achieve widespread adoption and considerable amount of traction. 

• Talented Development Team

Its development team is constantly working to make this network more scalable and user-friendly.

• Dynamic Community

 It even has a dynamic community that actively takes part in the network's governance which leads to the growth and development of this platform. 

• Use Case Adoption 

As discussed earlier, there are a number of industries that have  accepted this digital currency. Due to this reason the chances of its growth in the future are very high. 

• Unique Technologies

The digital currency employs some of the best technologies to make sure that the system works in the best manner. Moreover, the system is user friendly which attracts more people to be a part of this coin.  

Conclusion 

Are you an Investor or developer looking for a user-friendly platform to create DApps? If yes,  then this is the coin where your search ends. Its unique features and technologies act as a backbone of this network and seems to go strong in the coming years. 

It is important to note that we have done extensive research before writing this article for you. In a similar fashion, we would encourage you to consider all the risks and uncertainties involved with cryptocurrencies before making investment decisions.