What Is Lisk (LSK)?

The Lisk platform is a blockchain cryptocurrency platform that aims to create a future where everyone can benefit from decentralized technologies. Lisk's primary goal is to bring more talent into the blockchain industry and build a decentralized future using its advanced products. 

According to the whitepaper, Lisk enables developers to create applications and deploy a custom token on a side-chain linked to the Lisk network. With its software development kit for blockchain applications, Lisk seeks to empower developers to develop an interoperability solution that will enable everyone to integrate it seamlessly.

LSK, the native token of Lisk, is a utility token. To send or receive tokens or vote for one's favorite delegate, one needs to use LSK.

Upon the completion of the blockchain application platform, the utility token aims to gain even more features related to, for instance, creating blockchain applications. As developers and entrepreneurs build on the forum, the finite supply of LSK required to do so will significantly increase in price as the demand grows.

There are currently two official wallets for Lisk. A desktop app and a mobile app for iOS and Android are called Lisk Desktop and Lisk Mobile. The official LSK wallets are highly recommended for storing LSK tokens. Those are constantly updated and maintained by the Lisk team. Both aim to offer a safe method to access LSK tokens.

Lisk Desktop is a solution that seeks to allow users to manage their Lisk accounts, access and send tokens, and vote for delegates in one place. Blockchain Explorer combines the functionality of a cryptocurrency wallet with the transparency of a blockchain. 

Blockchain needs to gain mass adoption before it can reach its full potential. The project aims to solve the issues by providing developers and enthusiasts a safe and secure entry point.

History of Lisk (LSK)

Lisk was founded in 2017 by Max Kordek and Oliver Beddows. Lisk's president, Max Kordek, is responsible for the company's strategy and business operations. Lisk's vice president is Oliver Beddows. They specialize in decentralized applications (DApps), Bitcoin and blockchain consulting, startup consulting, user experience consulting, and community management.