Lisk Blockchain in 2 mins

Julien Klepatch

In this video, I will introduce the Lisk Blockchain.

 Its Javascript development tools are very easy-to-use. 

And it has a unique architecture where each application has its own Blockchain.

Introduction to Lisk

Lisk was created in 2016 by Max Kordek and Oliver Beddows.

The native currency is the LSK token.

  • It is a utility token used to pay for transaction fees.
  • It is the 196th largest crypto currency, with a market cap of $512M.
  • It started with a 100M initial supply and it has an inflationary policy, with an uncapped total supply.


Technically, the Lisk Blockchain has a central layer called Mainchain. 

It has a delegated proof of stake consensus algorithm.

Beside the mainchain, there are sidechains, where applications run on the Lisk Virtual Machine, a custom VM, not compatible with the EVM.

Contrary to other Blockchains with this architecture, like Polkadot, on Lisk there can be an unlimited number of side chains


And Contrary to Ethereum, on Lisk a Blockchain app runs on its own Blockchain. This architecture offers 4 advantages:

  • Lower transaction fees
  • More scalability
  • High customizability
  • Interoperability

Building a Lisk application

To build a Lisk application, you will need the Lisk SDK, a Javascript library:

  • It allows to build the decentralized backend of your app, which will be on the Blockchain
  • And the frontend, which will be in a web browser
  • And it also allows you to bootstrap a Blockchain app

## Conclusion

In conclusion, I really like the focus on Javascript of the Lisk ecosystem.

 The Lisk team really understood that having a great developer experience is the key to attract builders on their platform.

And if you are already a web developer, building a Lisk will feel very familiar, with some concepts very similar to the MVC pattern.

If you want to create your Blockchain app on Lisk, the best way is to get in touch with the community to discuss your ideas, and find people who can help you.

 The best place for that is the discord of Lisk.

 And there are also a couple of events organized by Lisk. 
And the next one is Amplifire, which will be held in Berlin on December 2nd


That’s it for today, have a great day 🙂


Leave a Reply

More great articles

What to build on Ethereum? Dapp ideas

So, you are thinking of building a Dapp on Ethereum, but you are still not sure what to build? In…

Read Story

How to optimize gas cost in a Solidity smart contract? 6 tips

Simple transactions on Ethereum cost from 20-30 cents to a few dollars. But complex transactions can be much more expensive.…

Read Story

Solidity explained in 2 mins

Solidity is a language for creating Blockchain smart contracts.

You can use it to create smart contracts, on more than 200…

Read Story

Never miss a minute

Get great content to your inbox every week. No spam.
[contact-form-7 id="6" title="Footer CTA Subscribe Form"]